This is a guest blog post from our partner, Joanne Flynn, Founder of Phoenix Strategic Performance.
If the most important asset to your organization is people, then you might want to rethink what that means to your organization. How do your current human assets perform relative to your organization’s requirements for growth, competitive positioning, transformation and business agility - the ability to deploy human assets on demand? All these strategic business issues require complex, future-focused approaches that replace outdated, underperforming methods.
If the measure of success for every company is the realization of maximum business value based on value creation, then every human asset should be a value creator.
Replace short-term, cost-center focused people strategies with a well-considered, long-term, human asset management strategy. If people are assets, they must be treated like any other organizational asset.
Human Asset Management Questions to Consider:
In today’s ever changing work environment, here are some questions to consider:
- Are your people value creators or value sustainers?
- In today’s constantly changing environment, are your Human Assets appreciating or depreciating?
- To maintain human asset appreciation, are you investing in the ongoing development of your people?
- If not, what are the risks and consequences?
- If your people are depreciating, what are you doing to revitalize them?
- If nothing, what are the risks and consequences?
- What’s the real cost of not investing in people given their impact on:
- Strategic goals and competitive advantage?
- ROI and the cost of underperformance?
- Human Asset risk management and consequence analysis?
- Organizational agility & resiliency?
- Is your organization designed and structured to meet tomorrow’s challenges?
- Would you rehire your current team of people?
- Do your current performance management processes define future-focused, strategically-benchmarked roles and assess for sustainable peak performance productivity metrics?
In our Human Asset Management series, we will be developing each of these topics regarding both the strategic and tactical issues as we optimize for 2017.
We invite you to download our latest "Managing Human Capital Risk" checklist, which highlights critical human capital issues for your organization, or you can also schedule a complimentary assessment with a member of our team.
About the Writer & Presentation Facilitator:
Joanne founded Phoenix Strategic Performance in 2014. Prior to that, from 1989 - 2014, Joanne was a Managing Director with Phoenix Group International and led the Human Capital consulting practice. Prior to that she was Vice President of Global Organizational Development at Goldman Sachs from 1980 - 1989. Joanne is experienced in all aspects of organizational development and training on a global level. Her consulting engagements have included the design and delivery of training and development programs on the topics of presentation skills, business development, strategic selling, leadership and management development, and executive coaching. Her consulting clients range from global investment banks to private equity / venture capital firms. At Goldman Sachs, Joanne implemented programs to improve the organizational effectiveness of business units, most notably investment banking, equities, fixed income and operations.