Image courtesy Joan You @with_joan
An expanding list of companies is staying competitive by finding innovative human capital strategies and approaches. The companies are varied in both industry and legacy: Some are long-established companies in traditional industries, like Molson-Coors with more than two centuries of brewing history to other newcomers such as LadyBoss riding the waves peak performance with revenue exceeding $32 million.
These companies despite their industry or traditions are confronted by the same forces. Crisis leadership, shifting borders, and rapid flows of people and technology. These companies understand the importance of the need to pay attention to the real values of human capital. They consistently devote the attention of management to reshape workforce practices.
This leads them to develop their people as a critical source of competitive advantage
Human capital issues are some of the most demanding challenges. The overall aging of populations in mature economies has led to a brain drain in critical skills. Far too many people are retiring and their replacements are poorly skilled.
What can be done?
Organizations need to recognize their needs are not the same as individuals. Some employees want the adventure of travel, others do not. Some desire flexible work while others want a global career.
Attracting and retaining talent through employer branding
Creating unconventional talent acquisition strategies to look ahead and act with prescience.
Recognizing that high performance requires great leaders
Emphasizing resiliency and adaptability in your workforce.
Some are reluctant to travel, others want flexible or part-time work, and still, others want a global career.
About Jim Woods
Jim is President of Woods Kovalova Group with offices in Denver, CO, and Ukraine. He has advised and trained Fortune 1000 companies, U.S. Military, Government, small business, and individuals seeking performance improvement. Jim is a former U.S. Navy Seabee and earned a master’s degree in organizational development and human resources. He has taught leadership and human resources at Villanova, Colorado Technical University, and Dickinson University. To have Jim work with your organization schedule an appointment here.