This post was written by our Account Director, Regional Sales Team, Kevin Stenner.
Employees, of course, play a crucial role in the success of any business. Which is why many organisations now place greater and greater emphasis on having an effective Human Capital Strategy (HCS). Simply put, this is the modern way of ensuring you have the right human capital (people) in the right jobs, at the right time and for the right cost.
But what HCSs often overlook is the need to constantly enhance the skills of individual people so as a business, you can maintain a rich pool of talent across your workforce. Most, if not all, organisations thrive on the collective talents of each and every employee so by investing in individual talent you are investing in the success of a whole organisation and in doing so hopefully creating a sum which is greater than the parts.
When a HCS is executed and implemented correctly, the impact and benefits of training will have a profound effect on the outcomes of the HCS. Conversely, when this is done poorly, a lack of training can unleash untold collateral damage on the business as a whole.
An ever-increasing focus in Government on local, place-based services, emphasises more than ever the need to balance macro priorities with micro considerations. A great place to start with this is to look at how well you develop and deliver training against targeted training plans. Only when this level of support is in place at a micro level, can you hope to achieve the macro aims.
Training starts with one employee, including their role, their tasks, the role of technology and their needs. When the needs of the micro are met, macro functions are far more effective and run more efficiently, enabling an organisation or a department within an organisation to become a well-oiled machine.
At Me Learning, we have over 16 years’ experience of providing learning to the Public Sector, by creating best-in-class digital learning, supporting organisations with the delivery of their HCS and even more importantly, their people.
Human capital is a term popularised by American economist Gary Becker, referring to the collective skills, knowledge, and other intangible assets of individuals that can be tapped to create economic values for themselves, their employers, or their community. I would argue that it is only possible to create great things by focusing on the training needs of these intangible assets.
Does this sound interesting? Find out how Kevin Stenner can help your organisation and employees.