Talent
Pgs. 319-320
I always thought that taking car of employees paid off. However, it is interesting to see empirical evidence that attest to the fact that employers that focus on fostering talent are more successful than those who do not. According t the text, “Research shows that companies that treat people as their most important asset are also the most profitable.” I assumed that investing in employees yields positive benefits the initial research that I observed was a study on the benefits of a performance development program (PDP) in west Virginia. The results of the study demonstrated a marked difference between employees who were eligible and employees in similar careers who did not have access to PDP benefits. What is most interesting is the fact that it is not only tangible benefits that help make a team more successful. According to the text a slew of high-performance practices provide an environment which makes an organization more successful i.e. “…self managed teams, employee empowerment, pay for performance, extensive training, extensive information sharing and a purposeful reduction in attention paid to status differences…”
Subscribe to:
Post Comments (Atom)
1 comment:
I agree that the section on “high performance practices” in the text makes some very compelling arguments for taking care of employees, most notable that it helps their bottom line. A few weeks ago, Fabio posted an interesting YouTube video on his blog that detailed one Brazilian company’s experiences with letting employees self-manage, among other interesting “out of the box” tactics.
http://fabiodeandrade.blogspot.com/search?updated-max=2008-06-24T11%3A17%3A00-07%3A00&max-results=7
Investing in people seems to pay dividends, but I wonder with an increasingly transient workforce- at what point will this ROI start to decrease? I understand that people are holding more careers throughout a lifetime than ever before. If an organization spends a great deal of time and money investing in their people only to have them leave, when will the pendulum swing out of balance?
Post a Comment