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Human Assets in a Company

Why do we characterize the company's personnel as its human asset? Explain and exemplify.

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A company starts from a person or a group of people. A company grows as its people, whether normal employees or higher level personnel, grows. The human workforce is one of the main factors in the development of any company, regardless of the field in the industry, whether it is in the field of engineering, computer science, oil and gas, information technology, medicine and healthcare, or any type of business. That is why companies consider its personnel, from the low level employees to top level executives, as one of the biggest, if not the biggest, asset of the companies and they are termed as the "human asset" of the company. In businesses, assets are usually associated to material things, such as the company wealth deposited in banks or growing on stocks, heavy machines and equipment used in production, land properties and buildings owned, raw materials used by the ...

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