Almost every MD, Manage or owner who I talk to says that people are his most important asset. Despite this assertion, rarely do I find human resources managed as a company’s most important asset. Instead human resources is relegated to the most costly asset of the balance sheet.
How Can Human Resource Be A Cost-Savings Department? The following is some-steps process will help move company in the right direction:
Set your sights on a lofty vision: Believe that people are our most important and costly resource; then commit to making human resources a cost-savings department instead a cost raising department.
Keeping people whose cost exceeds their value is a management problem. Not only can it demoralize well-performing employees — it can put our company out of business. Eliminating poor performers is never easy, but it can be done in a compassionate, humane way.
Establish a training department where employees’ ideas will be heard and retained. Create an internal human resource team to give employees a voice in our company.
We can create a cost-savings human resource department. To achieve our company’s mission and vision, emphasize in our overall recruiting strategy the belief that people are our most important asset.