Meanwhile, the average amount of money spent by firms per employee on offthe-job training and self-development support is also on the wane (Chart 17). To encourage firms to invest in human capital, Japan's Prime Minister announced in a policy speech in January that the government would formulate rules for corporate disclosure of nonfinancial information, including investment in human capital, within the year.
Until now, it has been difficult to link HR strategies to management strategies because there have been no benchmarks for comparison with other firms, and management has not been equipped to set key performance indicators (KPIs).