Human Capital has been defined as the capabilities, experiences, time, skills, and knowledge of the individual employee. The greatest employee challenge facing corporate America is the strategic personal development of their human capital in order to ensure effective utilization of this talent. In order to properly manage this vital resource, firms must identify their challenges and then implement training and personal development curriculum for employee enrichment.
According to Google’s Liane Hornsey– HR Director for Europe, the Middle East, and Africa regarding employee development:
“The box I would like to tick for next year is doing something really funky and different with career development, because [HR directors] are all battling with this issue.”
The following questions can act as a guide:
1. Have you identified your company’s human capital challenges?
Retention, Communication, Leadership, Team Building, Purpose, Motivation, Stress, Work-Life Balance, and Recognition are a few of the issues facing companies today
2. Are employees optimizing their potential?
Do you provide personal development training in-house, outsourced education programs, or do you allow your employees to choose their enrichment programs and provide them with a yearly stipend?
3. What are you doing to help employee development and growth?
Are educational programs in place; how does your firm decide which programs and training will be the most effective in improving performance?
4. Does your company foster a “performance-driven” culture?
Is personal growth training tied to incentives or employee compensation?
5. Does your HR and education strategies align and support your corporate strategies?
How did your organization implement these strategies and were different sectors of your workforce and management allowed to participate in the alignment of these strategies?
Answer these 5 questions and your company is on the path to creating a stronger more effective workforce and culture in 2008.