This in turn helps attract and retain talent. While these for long have been common knowledge, these have been difficult to implement in the absence of human resource management systems. Mapping competencies for every job requirement, mapping the competencies of the work force and matching these, anticipating workforce requirements, providing training tailored to individual goals and finally measuring performance are by no means simple.
Consequently, the year-on-year rate of increase in the CPI (all items less fresh food), excluding the direct effects of the consumption tax hike, is likely to be around 1¼ percent for some time.