When examining the true meaning of human capital as our most valuable asset we spoke about how people and their potential are the heart of a successful organisation, how they are the difference between a good organisation and a great one.
The question remains, how does an organisation attract good people? According to HR review the cost of replacing a staff member is over £30K. It's fair to say that one of the biggest challenges an organisation faces is attracting top talent, and then retaining it.
Posted on Thu, July 24, 2014 in Organisational Development
Well-managed teams are the backbone of a successful organisation. When teams work well together, targets are met, performance is at a high and the organisation benefits as a whole.
Here are my top tips for effortless teamwork:
As an organisation under pressure in a demanding environment, why should you earmark resources for coaching? Isn't coaching simply a 'nice-to-have' that doesn't have a place within your budget right now?
Wikipedia defines human capital as 'the stock of competencies, knowledge, habits, social and personality attributes, including creativity, cognitive abilities, embodied in the ability to perform labour so as to produce economic value.'
There is one key element missing from this outlook…
For many organisations improving the bottom line means cutting costs, raising prices or a combination of both. It can be about streamlining, restructuring or simply 'getting better at sales'.
What if there was an alternative approach? An approach that looked at the heart of the business, at what makes it tick, using this as a foundation for improving the bottom line.
Is this possible? I believe so.
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