In a world where 80% of the share price of the average company is created by its intangible assets (brands, patents, relationships, processes, etc.), human capital is linked at the hip with financial capital. It takes both to succeed; financial capital to place a business bet, and human capital to win it. Given this symbiosis, what can we learn about human capital strategy from the more developed practice of managing financial capital?
Employment Enterprises Blog
Topics: Labor & Industrial Insights
Imagine your first day on a new job. You arrive and no one is waiting to greet you or your HR representative is running late. When you do get started, you are asked to fill out some forms for taxes and benefits, but you don’t receive guidance on your 401k distributions until you prompt your representative. After this, a two minute “welcome” video is played describing the basics of the company and you are then whisked away to meet your team only to find out that half of them are at lunch and you have no desk and you can’t login to your laptop. The final icing on the cake is that it is only half past noon.
Executives and HR professionals may have very different day-to-day roles, but the desire to build a productive and engaged workforce is one thing we do have in common. We’re both constantly looking for ways to not only bring in the best but also foster growth and engagement among our current workforce. I can certainly attest to this firsthand as it’s something I think about often. Most of us realize that as CEOs, we are the leaders who steer the ships, but we are nothing without our employees.
A typical day for Drain is a whirlwind of screening resumes, interviewing candidates and helping people find their next career move. As Temporary Solutions, Inc.’s Senior Staffing Specialist and a recruiter in the D.C.-metro area since 2003, she is tuned in to all things temporary staffing.
We often think of work-life balance as something that we can give employees by offering more flexible work schedules, or a holistic benefits package. Instinctively, it seems like giving employees time to manage their lives should help them achieve this elusive balance–which so many experts tell us we need.
I have read and written about, the coming wave of robotic workers displacing human workers. The unfortunate truth is that this is not going to go away. Many workers, including those in the C-suite, may be replaced by robots if they do routine, repetitive work. Much of HR is included in that prognostication. However, there may be a bright side to this story.
A couple of months ago, I wrote a post about how individuals can change company culture. I later received a note on Twitter with a great question:
Topics: Labor & Industrial Insights
Don’t hire that cookie cutter employee – pleads Liz Ryan, CEO and Founder of Human Workplace. Although it is very tempting to hire the candidate that checks off every item on your list of hiring requirements, Ryan advises this could be a stagnating decision.
When an employee has to leave work due to a work-related injury it causes difficulties for many people, especially if it is a disabling injury. That disability status throws the situation into a different category. It is no longer just a worker’s comp issue. It is also now a potential Americans with Disabilities Act issue. This was a the situation for a grocery store in Maryland and that mistake cost them $27,000.
A common policy found in many businesses is a prohibition against the disclosure of wage information. This type of policy serves the purpose of preventing workers from battling with HR and each other over who is getting paid what and why. Keeping wages under wraps also prevents employee jealousy about managerial and executive salaries. After all, if nobody knows how much the CEO is making, then nobody can be upset about it.
A non-disclosure policy is particularly useful when employees with the same job descriptions are not being paid the same, keeping in mind there can be many legitimate, nondiscriminatory reasons for wage differences. For example, one employee may have more skills or experience than another.
Topics: Human Resources Insights