Category Archives: Managing Human Capital

The landscape of human capital management is undergoing rapid and dramatic change. Developing strategies to deal with these changes will be the key to your profitability in the years ahead. Learn how to manage your aging workforce, recruit top talent, and retain and grow the superstars of today and tomorrow. These articles will show you how to avoid costly mistakes and thrive on the challenges you face.

Human Capital Management – What is it?

What are you doing to optimize your employees? Develop and retain the best employees? Successful manage them? Your answers to these questions will inform you on how effective is your human capital strategy

What is Human Capital Management?

On its basic level, human capital views the people working in a company as a valuable resource that needs to be properly managed. Like physical assets or finances, the employees of a company are vital to the company’s success.

Rather than view people as random individuals, human capital sees them as a collective resource that must analyzed, quantified, organized, and measured to ensure business success.

The 9 ways human capital management works to support the company and its workers. Recruiting.

Human capital management begins with the recruiting process. Companies must have a clear understanding of the needs of the workforce in order to hire people who will fit smoothly into the … Continue reading Human Capital Management – What is it?

7 Alarming Future Trends in Human Capital & How to Manage Them

The world of business is changing at a rapid pace. Fortunes rise and fall on how well companies can visualize the future trends in human capital and adjust to them.

Here are 7 future trends in human capital and the ways to handle them. Analytics and Job Assessment.

With increased emphasis on core competencies, HR needs to better understand them and the essential knowledge and skills needed to support them. Their job is not just a people job, but a “keep the business going” job. As such, they may need to develop better ways of analyzing needed skills and knowledge for each job, assessing job effectiveness, and insuring each employee is utilized to the fullest. Global Growth.

Talent management now occurs on a global level. As businesses monitor demand for key positions, they need to consider the best ways of retaining top talent. Do they relocate key people … Continue reading 7 Alarming Future Trends in Human Capital & How to Manage Them

5 Benefits to Managing Human Capital & How to Do It Well

Randy knows his company’s HR department needs a serious makeover. The combination of the tough economy, government regulations, new technologies, and recruiting challenges has overwhelmed people with data management and analysis. Randy wants to shift HR’s focus from being a “personnel department” to an emphasis on human capital management through executive coaching programs and other proactive ways of enhancing their talent.

Randy is right to think more strategically about talent management, which plays a core role in company strategy. In these precarious times that have employees jumping ship right and left, it’s especially crucial to avoid costly mistakes.

Here are five key benefits to getting serious about human capital management. 1. HR can find the best place for each employee and their knowledge.

. They can strategically place each individual into a position that will strengthen the company’s core offerings. Make sure each employee is in the right job … Continue reading 5 Benefits to Managing Human Capital & How to Do It Well

Executive Leadership
Development Program

You’re looking for a leadership development program and are prepared to part with your hard-earned money for it. In exchange, you want viable skills that will immediately produce results. Maybe you’re wondering how to radiate executive presence, or how to lead through challenging times. An executive coach can guide you to success.

As you examine the different choices you have for an executive leadership development program, keep these six key ingredients in mind. It may be that you will need a combination of scholastic and company specific training to master all of these key requirements.

5 Key Ingredients to Have a Successful Executive Leadership Development Program Maintain a competitive advantage in a fast changing world.

Training and developing employees demands a constant inflow of fresh ideas. The last thing you need in a leadership program is outdated ideas. There are some essential and evergreen ways of thinking and managing and … Continue reading Executive Leadership
Development Program

Grow your Human Capital by Identifying Four Critical Success Factors in Recruitment

Skilled employees that build your company are becoming as valuable as gold. There’s fierce competition for top talent. And with the cost of recruitment and training at stake, it’s critical to find a great fit for your company every time you hire.

Your Investment in Human Capital Starts With these 4 Critical Success Factors of Recruitment Find better measured results.

Companies are scrambling to find valid ways to measure skills and knowledge. The Society for Human Resource Management says, “The development of deeper levels of analysis to monitor metric outcomes, identify trends, leverage positive outcomes and intervene in or mitigate negative outcomes will lead to better overall human capital management.” As companies carefully assess their skills gaps and accurately measure the skills and abilities of those they want to recruit, they will have more success in hiring the talent that will perform well within their company. Understand the … Continue reading Grow your Human Capital by Identifying Four Critical Success Factors in Recruitment

Planning Succession Tool

Your Top Talent Quits

Sooner or later it will happen. One or more of your key people, probably the one you consider most indispensable, will drop the bombshell: she’s leaving. And you won’t have a clue what to do next. It’s one of the few business challenges that every company will face eventually. Unfortunately, it’s also a task that is usually neglected until an emergency arises, leading to business interruption, political maneuvering, and a host of related problems. Thus planning for succession is a tool every business should have.

Success Planning & Building Bench Strength

Succession planning can be a touchy subject, often involving emotions, office politics, and a reluctance to face reality. While this scenario exists in almost every business, it’s even more prevalent in family-owned companies. Research shows that over 70 percent of family businesses fail to successfully transfer to the next generation. None of … Continue reading Planning Succession Tool

Why Talent Development in Business Matters

Jack Welch said it best: “My main job was developing talent. I was a gardener providing water and other nourishment to our top 750 people. Of course, I had to pull out some weeds, too.”

Developing high potentials should be a top priority in any successful executive’s strategic plan. Writing in the journal, Leadership Excellence (May 2011), Louis Carter and Brian Fishel discuss talent development in business, based on the findings of their Talent Management Survey. Their research indicates that 82% of the companies surveyed had either a formal or an informal talent management program. How do you rate? Are you part of the 82%? Are your flowers flourishing? A good talent development program will accomplish three things: it will attract, grow, and retain top talent.

Here are 4 action items that should be included in your talent development plan. Put people first.

Of course your talent development and … Continue reading Why Talent Development in Business Matters

Human Capital Crises & Danger for America’s Future

Human capital focuses on the education, skill levels, and problem-solving abilities that make workers an asset to companies. As America continues to move into technical and service sectors, the question becomes: Does America have enough human capital to handle the jobs of the future?

In a word. No.

The Current Workforce Lacks Proper Skills

In order for our workers to compete at skilled levels, they need to be flexible, adaptable, quick learners, and problem solvers. Today, many workers lack even these basic skills.

A literacy study tested how well people could function in society, reach goals, and achieve personal knowledge with written information. They asked participants to explain what a newspaper article meant, to read a simple survey with percentages of yeses and no’s, and to figure out how much it would cost to carpet a room given dimensions and cost per yard.

Testers placed scores on a scale … Continue reading Human Capital Crises & Danger for America’s Future

Succession Planning Assessment

The daily demands of tight deadlines sometimes reduce our focus to the here and now. But good leadership requires long-range planning to insure important preparations are put in place before they are needed.

One way to insure your succession plan is functional and in place is to hold an organization wide assessment.

Here are seven reasons why you want to assess your succession plan immediately. Attrition happens. Good companies prepare for it.

Key employees leave companies. Your succession plan can evaluate who is at risk for departure. Are they due to retire? Do they have high demand skills in an underpaying job? Your assessment can reveal if you have properly prepared and trained leadership waiting in the wings to move up. Reduce company costs of hiring and training.

Examine your company’s history of job transitions. How are your year-to-year costs of training and hiring expenses? Are they trending … Continue reading Succession Planning Assessment