The Japan News on Nostr: Japan Lags in Efforts to Gain Value from Human Resources; Govt Working to Increase ...
Japan Lags in Efforts to Gain Value from Human Resources; Govt Working to Increase Usage
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Japan's slow efforts to extract value from its human resources by treating them as capital is said to be the reason for the large gap between Japan and the United States in terms of total market capitalization. The government has mandated that listed companies disclose information related to human capital and aims to spread the requirements. Hitachi will introduce a system in April to reflect how much the workers have promoted diversity in the organization in its performance evaluations and salaries. Nomura Holdings introduced a system last year to positively evaluate employees who contribute to creating a comfortable workplace. About 90% of companies have promoted diversity initiatives in the past year. Japanese companies have lagged in investment in human resources. The ratio of human resources to gross domestic product decreased to 0.1% in the five years from 2010, compared to an average of 0.41% in the five years from 1995. The government has required companies to disclose information related to human capital as a disclosure element starting with annual securities reports for the fiscal year ending March 31, 2023.
#Japan #HumanResources #MarketCapitalization #Diversity #Investment
https://japannews.yomiuri.co.jp/business/economy/20240324-176458/
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Japan's slow efforts to extract value from its human resources by treating them as capital is said to be the reason for the large gap between Japan and the United States in terms of total market capitalization. The government has mandated that listed companies disclose information related to human capital and aims to spread the requirements. Hitachi will introduce a system in April to reflect how much the workers have promoted diversity in the organization in its performance evaluations and salaries. Nomura Holdings introduced a system last year to positively evaluate employees who contribute to creating a comfortable workplace. About 90% of companies have promoted diversity initiatives in the past year. Japanese companies have lagged in investment in human resources. The ratio of human resources to gross domestic product decreased to 0.1% in the five years from 2010, compared to an average of 0.41% in the five years from 1995. The government has required companies to disclose information related to human capital as a disclosure element starting with annual securities reports for the fiscal year ending March 31, 2023.
#Japan #HumanResources #MarketCapitalization #Diversity #Investment
https://japannews.yomiuri.co.jp/business/economy/20240324-176458/