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In horticultural societies:
Internal Supply
Existing employees who can be retrained, promoted, transferred, or otherwise redeployed to fill anticipated future HR requirements.
Labour Market Value
The value that the labor workforce adds to the production of goods or services, often reflected in the wages that employers are willing to pay for specific skills or jobs.
Firm-specific Human Capital
The unique skills, knowledge, and abilities that employees develop through working at a specific firm, contributing to its competitive advantage.
Generic Human Capital
Skills and knowledge that are not specific to a particular job or company but are valuable across different roles and industries.
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