Your Most Important Investment
- Date: 2007-02-19 - Word Count: 348
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"Imagine a company spending one-third of the revenue on a capital investment or an interest payment and never addressing it with shareholders in their annual report," said Rick Guzzo, a Mercer consultant. "It's unthinkable."
Mercer Human Resource Consulting, a unit of insurance brokerage Marsh &McLennan, conducted a Two Year Study of the 100 largest publicly traded American companies.
25% of the largest publicly traded companies included a platitude equivalent to, "our people are our greatest asset".
20% of the companies actually included human capital contribution to business success in the annual reports.
Budgets track the expense of employees, benefits, travel and entertainment.
How do you measure contributions and impact of personal performance?
What is the impact to revenue, risk or cost control if the human asset is missing or not functional for an extended time?
What would it cost to replace them and train someone else? How long to train, how much experience lost and how much productivity would you lose?
If you invest time and money to improve the efficiency of your most valuable asset, human capital, how will you measure the Return on Investment?
How do you communicate the value of personal performance on a regular and frequent basis?
The biggest impact to controlling costs, generating revenue and operating the business is the time and talent of the individuals. Success is the result of collaborative individual performance. Measure, monitor and invest appropriately in the biggest impact to your business. If the people thrive then the business will follow.
______________________________________________________
Words of Wisdom
"Good people are in short supply. Whether you're an investor, a company owner, or someone strategically tying to figure out what to do in business, you need to pay more attention to employee motivation and human relations."
- Esther Dyson, Chairwoman, EDventure Holdings
"Don't try to change people. Instead, work to improve them."
- Doug Blevins, performance coach for professional athletes
"You're only as good as your people, that's why the war for talent is intense."
- Thomas Weisel, founder and CEO, Thomas Weisel Partners
______________________________________________________
About the Author:
John Mehrmann is a freelance writer and President of Executive Blueprints Inc., an organization devoted to improving business practices and developing human capital
Mercer Human Resource Consulting, a unit of insurance brokerage Marsh &McLennan, conducted a Two Year Study of the 100 largest publicly traded American companies.
25% of the largest publicly traded companies included a platitude equivalent to, "our people are our greatest asset".
20% of the companies actually included human capital contribution to business success in the annual reports.
Budgets track the expense of employees, benefits, travel and entertainment.
How do you measure contributions and impact of personal performance?
What is the impact to revenue, risk or cost control if the human asset is missing or not functional for an extended time?
What would it cost to replace them and train someone else? How long to train, how much experience lost and how much productivity would you lose?
If you invest time and money to improve the efficiency of your most valuable asset, human capital, how will you measure the Return on Investment?
How do you communicate the value of personal performance on a regular and frequent basis?
The biggest impact to controlling costs, generating revenue and operating the business is the time and talent of the individuals. Success is the result of collaborative individual performance. Measure, monitor and invest appropriately in the biggest impact to your business. If the people thrive then the business will follow.
______________________________________________________
Words of Wisdom
"Good people are in short supply. Whether you're an investor, a company owner, or someone strategically tying to figure out what to do in business, you need to pay more attention to employee motivation and human relations."
- Esther Dyson, Chairwoman, EDventure Holdings
"Don't try to change people. Instead, work to improve them."
- Doug Blevins, performance coach for professional athletes
"You're only as good as your people, that's why the war for talent is intense."
- Thomas Weisel, founder and CEO, Thomas Weisel Partners
______________________________________________________
About the Author:
John Mehrmann is a freelance writer and President of Executive Blueprints Inc., an organization devoted to improving business practices and developing human capital
Related Tags: executive blueprints, john mehrmann, annual report, capital investment, interest payment, human resource consulting
John Mehrmann is a dynamic, results-driven professional with 20 years of overall management experience, spanning operations, e-commerce, accounting, customer service, marketing, logistics and training. John has established a solid reputation for designing and implementing reliable, repeatable best-in-class business practices. He is adept in designing, developing, and implementing strategic plans as well as negotiating sales and contracts with Fortune 500 companies, international vendors, and retail partners. John has a proven track record of empowering and leading personnel to realize their potential and surpass expectations. These operational and strategic planning capabilities are complimented by outstanding interpersonal, communication, and presentation skills. John has managed marketing campaigns, international service organizations, participated in providing organized solutions to Fortune 500 accounts, and successfully supported C-level executives at enterprise customer accounts. Among the many measured accomplishments of these activities, John developed techniques for cooperative negotiations to strengthen brand association and joint marketing, results were measured by incremental revenue increase 56% year over year, a boost in customer registration rates from 7.2% to 29.7%, and attached sales rates at 52%. Implementation of collaborated logistics improvement processes reduced expense 33%, increased customer satisfaction 12%, and have received attention in best selling books and magazine articles. John has also assisted with design and implementation of multiple industry leading claims and data management systems. As a consultant, trainer and personal coach, John Mehrmann brings his experience and expertise into a support role, adapting and aligning structured steps for development in a flexible personalized manner. As an executive, John recognizes the importance of delivering bottom line results. Success is measured one client at a time. Executive Blueprints Inc was founded on the principles of honesty, integrity and trust. These principles are core to the guiding leadership and personal development techniques provided by Executive Blueprints. In management, ethical business practice and communication are essential elements to building trust and confidence. John Mehrmann has earned the trust of clients, customers, and global business associates. He requires the same high standards in Executive Blueprints Inc. Your Article Search Directory : Find in Articles
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