Today’s world is seemingly rife with entrepreneurial minds looking for the fastest route to a million – competition is everywhere. Monetising your own services, hobbies and talents is so common. It’s easy to forget the value other people can bring you. Fact – Healthy, educated and motivated people develop resources per their requirements i.e. only people can give value to anything by making it useful. Here’s three reasons human resource is the ultimate resource:
Team, Product, Success – In that order:
Microsoft, Apple and Facebook have created success by cultivating a working environment with three key ingredients – qualified staff, resources and the freedom to create. Alongside genuine innovation, more companies would approach the phenomenal success created by ‘the big three’ if more directors built the ‘right’ teams to research and experiment, and afforded them the freedom to find the “golden angle”.
In an unprecedented experiment, Microsoft Japan tested out a four day work week and the results were what you would expect. Employees were happier, meetings more efficient and productivity rose a staggering 40%. While you may not have the significant resources Microsoft does, the principle remains the same – we are all people and should be treated as such. Benefit packages, paid time off and open door policies are a myriad of ways your human resources department can boost creativity and productivity in your employees.[1]
Invest in them and they’ll invest in you.
Brilliance attracts brilliance:
You might find yourself asking – What if I invest in my employees and they leave? Consider the alternative – What if you don’t and they stay? People coming and going is as predictable as the sun rising in the east and setting in the west. It’s a reality you’ll continually have to accept, regardless of ‘who’ you are. The only thing worse than a valuable employee leaving is paying for an unproductive, uncreative and uninspired employee. It is your duty as an employer to create the best environment for your employees to flourish. Do that and your company will attract the brightest minds without much effort while happy customers sing praises of your excellent products and services.
Diversify your team, Diversify your portfolio:
Conglomerates have proven time and time again that diversified investments are a sure way of making money in what can be risky and unpredictable industries. Think Louis Vuitton, Moët and Hennessy (LVMH) who’s reach spans massive fashion houses like Fenty, Bulgari and Dior to renowned distilleries like Moët and Hennessy![2]
Organisations should openly embrace ‘business diversity’ because people are creative! Encourage them to experiment, fail and learn. If the result is that a company will produce multiple concepts and products isn’t it worth it to find a team capable of doing just that from the very beginning? [3]
Now that you realise all you have to gain by recruiting and training the best, you’re wondering – What now? While we still maintain that the best environments attract the best employees, sometimes you need a head start. We strive to deliver the most innovative human resource solutions to add value to our customers. Whether you have a position that needs filling or a team you would like to invest in, here at The Manpower Company, we believe in people.
Follow us on Facebook at “TMC Kenya” for even more insights.
[1] https://www.theguardian.com/technology/2019/nov/04/microsoft-japan-four-day-work-week-productivity
[3] https://www.forbes.com/sites/ilyapozin/2015/10/08/4-reasons-to-invest-in-people-not-companies/#7e95d7e247cb
MITCHELLE YOU ARE SPOT ON, IT IS TEAM, PRODUCT THEN SUCCESS.
I’m glad you see it. Whats your advice for new business owners?
Indeed these are the keys to a successful company. my take home is that i need to invest more into my employees if i expect better deliveries from them.
Absolutely Anthony. When you work with the right team, it doesn’t seem like work!
Absolutely MITCHELLE. IT ISN’T JUST ABOUT HAVING PEOPLE ON BOARD; BUT THE RIGHT PEOPLE, AND GIVING THEM THE TIME AND THE OPPORTUNITY TO GROW, LEARN AND FLOURISH. THIS IS SO MUCH INSIGHTFUL.
We appreciate the Feedback Victor. Keep us updated on how you apply this.
[…] At The Manpower Company we dare to innovate, pioneer and evolve in the world of work. Outsourcing Human resources, relieves businesses of human resource management responsibilities thus allowing you to focus on what you do best. After all, isn’t it worth getting it right the first time? […]
[…] that want to create long-term success are constantly evolving and need innovative thinkers to remain competitive. Creative employees are […]
[…] though is how you deal with it afterwards, and that’s the point to be made.[3] Changing your attitude towards failure will switch up your employees’ thinking, and show them the benefits the inevitably bumpy journey […]
[…] Remember that the purpose of hiring interns is not to exploit them for cheap labour or, to shove them in a corner and give them pointless work to pass time. Internships are programs that are supposed to give students meaningful work experience and the opportunity to prepare for the job market. Interns provide you unprecedented, first hand access to the next generation of employees, they’re quite literally the future of your organisation. If you understand the role interns play in your brands sustainability, you must invest in them as a resource. […]
[…] further is characteristic of an effective leader. If people gain nothing from working with you, how can you expect their full commitment? Companies are continually growing so why shouldn’t their employees. Let’s not forget that […]
[…] re-hiring process is costly and time consuming. Companies develop alongside their employees, and re-starting this process is lengthy. Markets and industries are in constant evolution and your […]
[…] Making sure your employees are the best they can be at their jobs is a major bonus in this hyper competitive business world. It’s abundantly clear how the world is changing daily and this applies to business as well. Invest in training your employees and keep them adaptive. Not only does this keep them engaged, but loyal. If you invest in them, they’ll invest in you. […]
[…] managing the Millennials in the workplace, be sure to focus on the quality of their work rather than the hours they spend working. Additionally, provide guidance and learning opportunities for […]
[…] the most successful companies globally are the ones that have fostered a diverse workforce and, among this diversity is the ability to […]
[…] CEO or director worth their salt will tell you human resource is the ultimate resource. Skilled workers are an asset for any business. They play a large role in setting you apart from […]
[…] own experiences thus create a product that disproportionately serves customers. This highlights the importance of a diverse team with varied ideas and experiences – allowing for a variety of voices and representation to create […]
[…] WHY HUMAN RESOURCE IS THE ULTIMATE RESOURCE […]
[…] WHY HUMAN RESOURCE IS THE ULTIMATE RESOURCE tmc August 3, 2020 PrevWORKPLACE DISCRIMINATION: TYPES AND WHAT YOU CAN DO […]
[…] Also see: […]