Human resources is the set of people who make up the workforce of an organization, business sector, industry, or economy. A narrower concept is human capital, the knowledge and skills which the individuals command. Similar terms include manpower, labor, personnel, associates or simply: people.
I wrote an article entitled “The Strategic HR Department” where I shared my thoughts on the characteristics of a Human Resources Department that is strategic with a purpose of being an accelerant of the organization’s ambitions rather than one that is a bureaucracy whose emphasis is on compliance. Of course, compliance is an important responsibility…
It’s all about the people… … the problem is, that seems hard… The joke often goes that managers pick up the Operational Excellence bible and flip through the chapters: hmmm ‘Create Flow’? Sounds confusing… what else we got? ‘Pull at the rate of demand’? Ok, ok, whatever that means…. ‘Remove Waste’! Aha! THAT I like……
A dual focus on developing people and managing them well gives a select group of companies a long-term performance edge. MGI’s previous research has shown that human capital development pays off for workers, with skills learned on the job accounting for almost half of the average person’s lifetime earnings. But does investing in people actually benefit…
Human capital represents two-thirds of wealth for the average individual—and work experience contributes almost half of that value. he most important resource in any economy or organization is its human capital—that is, the collective knowledge, attributes, skills, experience, and health of the workforce. While human capital development starts in early childhood and continues through formal education,…
ByHBR.org
Do you feel like you have a strong sense of purpose guiding your career aspirations? Purpose can be defined as an overarching intention that is personally meaningful to you and of consequence to the world beyond yourself. Your purpose can help you organize your life, give you a clear direction, and motivate you — especially when you encounter life’s inevitable…
Unlocking the key components of high performance: discover the Performance Triangle. In the pursuit of organizational success, understanding the key components that shape performance is crucial. Today, we’ll take a closer look at each component and their significance in driving performance. From the fundamental aspects of the work environment to the factors that motivate employees…
