If you look through a dozen or so annual reports or employee recruitment postings you find that most of them state “our employees are our most valuable asset…” or something to that effect. If this were true, then it would be logical that these same companies would want to expand the capabilities of their greatest assets just as they purchase faster computers and better machinery in attempts to improve manufacturing productivity?
The greatest productivity boost an organization can create is by first empowering its employees to use their talents and initiative to do what they were hired to do. Advertising, recruiting, interviewing and finally hiring employees is very expensive, typically 30% of the starting salary for middle management and below. Sadly, most firms expend this effort and cost, hire qualified and motivated employees, and then spend little money and less effort to develop the investment. The employee wonders what happened to the firm she interviewed with and the company is disenchanted with another “bad hire” when neither is usually the case.
The level of success achieved is as dependent on management’s ability and willingness to properly define roles and responsibilities, set appropriate guidelines and limits, communicate coherently and frequently as it is on the skills of the employees.
Copyright 2016 Doug Ringer
Doug’s Blog is a frequent memo that is always powerful and to the point. It focuses on innovative ideas to help organizations create Profitable Habits that improve profitability.
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