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In any economic crisis, keen financial minds immediately turn their attention to capital assets. How can I protect my capital? Can I actually grow my assets while all those around me are losing theirs? Will the rules of capital management change once the crisis is over?
This is standard procedure for the most successful organizations. Even so, it’s a wonder that most organizations do not apply the same principles to one of their most important assets: human capital. As we leave behind the depths of the global recession, it is more important than ever for organizations to change how they view, develop and utilize their human capital. This is especially important because, while the recession is officially over, most pundits believe the world will be living with a slow-growth economy for years to come.
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