Before placing an advertisement to fill a gap, organizations should do an evaluation of their current bank of human capital. By completing a mini-assessment, an organization can be confident that all of their capital is properly placed in interest generating accounts and yielding the highest return possible on their investment. Sounds financial? Oh, but it is indeed!
Human capital is an organization’s most valuable and costly investment; however, human capital tends to be the most improperly managed asset of the organization’s portfolio. Corporations give more priority and attention to their stocks, bonds, investments, and possible divestitures.
I would like to encourage you today to give a shift in your paradigm as it relates to your human capital. Begin to realize the impact and importance that your human capital has to your organization, mission, and bottom line. If the same intentionality is given to the human capital as is the financial capital of an organization, there would be a severe increase in ROI. By giving this type of attention, and I do mean at all levels of the organization, the organization would experience a decrease in: employee turnover, employees being disgruntled and low morale throughout departments and the organization as a whole.
In order to make this shift successfully, organizations must become more intentional about the methods used for determining essential skills for positions; documenting at the onset what constitutes a ‘right fit’ for a department or the organization; being careful not to create disparate impact. Also essential in this shift, is a proper classification (exempt/non-exempt) of employees; employee misclassification is costly and a tremendous drain on organization productivity. Lastly, on-going training and observation of your management team is key to this shift. Often organizations place a manager in a position and turn a blind eye and a deaf, seemingly becoming oblivious to the blatant signs that trouble exists: multiple complaints by staff, high turnover, decreased productivity, and loss of revenue.
Leading an organization is not a task for the faint, for sure but I believe you are well able! I would like to encourage you to consider your most valuable asset within your organization’s portfolio and manage them as if it was your last penny to invest. I assure you with this type of passion, intention, and attention, your organization will experience greatness: an increase in positive energy, productivity, and a renewed culture! Make sure an understand where your organization is in the cycle of change so as to not improperly diagnose the effectiveness of your paradigm shift!