Reaping Investments On Human Resource Article

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Reaping investments on Human Resource

Adopt good business practices so that all employees are attuned to your organization. Sound working conditions require of course investment because good hygiene and office environment with good food needs to be maintained.

Author: Amarpreet97

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Most of the organizations think of investing in physical resources or marketing campaigns depending on the capital requirements and the needs of the market to boost productivity but hardly do they maximize investment by hiring better employees.

Once invested, owned for ever applies true to these organizations. Talk to the entrepreneurs about plans of reinvestment and the word loses its integrity and the real meaning when there is negative affirmation or there is no answer at all. More so, taking a pot-shot at the investment in people will end up in a distorted answer and vague figures.

Now, there should be a major turning point in the organizations who never pushed themselves towards maximizing people investment. The two probable reasons which spur a premeditated move towards fulfilling technology requirement whereas not the manpower requirement in the present time is:

• Hiring a good employee requires an extra effort on part of the HR managers. It is a time-consuming and tedious process which involves searching for talented and worthy employees.

• Also the recruitment costs tend to be high when on the lookout for good number and quality candidates.

The repulsive force they have for the people investment is balanced they feel by making use of the technology. But, hardly do these organizations realize that technology exists because of people and it is only people that are going to benefit them in the long run.

Enterprises like IBM or HCL believe in employing and deploying good quality of workforce in order to meet out the revenue targets and high level of growth. And there are few others to name among whom falls Accenture.

The study of the Accenture workforce revealed that they invest heavily in people where their target is to benefit shareholders, clients and communities. They maintain the global and uniform culture where the emphasis is on providing quality training to their employees and maintaining a corporate citizenship.

Maintaining employees by imparting the world-class training and motivating them to maintain quality standards is indeed a remarkable effort towards organizational success. And, as far as the numbers are concerned, their total figure or employees working worldwide stands at around 1 lakh.

Having collaborative teams is indeed the need of the present day with special emphasis on Six-Sigma quality system and special employee retention plans. With Knowledge management drive coupled with advanced technology in place, every organization should aim at recruiting and maintaining the best professionals.

Again, enterprises who outsource knowledge process or business process are attempting to maintain the best talent by hiring help from knowledge experts by investing in them.

The chip giant Intel and Cellular major Motorola and many other companies like Cisco outsource knowledge to maintain their leadership in their respective segments. Accenture outsources HR and learning functions to have significant advantage over others.

Saying that investing in employees will give you maximum Return On Investment is neither an understatement nor an overrated fact. When organizations incur recruit costs by employing the best people, they also need to invest on them through the use of proper resources.

Here are some simple tips to maximize your returns on people investment.

* Understand your company’s requirements : You should know how much workforce you require according to the capital you have and the profits you want to generate.

* Essentially, this will require a well-laid out plan with defined goals which will set the future course of action to hire employees. When you start the recruitment process, you should then think about hiring experienced and quality employees. Then also assess whether your company’s needs can be met with outsourcing or internal hiring.

* Hire through definite resources: You can use the internet to access the data bank of good resumes. Also can hire through reliable placement agencies and make use of your networks including peers, colleagues, existing employees etc.

* Provide them adequate training and learning: Here, again you need to invest on the training in order to equip your employees with the latest technology. IBM is one the organzations which is considered as the learning organization.

* Keep a watch on your competitors: If your competitor is trying to lure your employees on the pretext of good pay package then, you must be careful. Know how they persuade these employees to convert them into valuable assets. In any case, you should have persuasive job descriptions and ensure good working conditions to retain employees.

* Offer rewards to your employees: You should also devise a good reward system so that employees stick to your company and provide value to your business.

This investment is not directly applicable to employees but it is done in the best interest of the employees. Remember that to get something, you need to sacrifice something and if you are a people investor, you are a business gainer.

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Reaping investments on Human Resource