The Newest Case for Human Capital

Written by Eileen McDargh, CSP, CPAE


The United Kingdom-based Institute of Personnel and Development recently released a study showing that investing in people rather than technology makes a far greater contribution to an organization’s bottom line. The seven-year study of more than 100 medium-sized companies found thatrepparttar way people are managed and developed accounts for 19 percent ofrepparttar 106479 variation in profitability between companies and 18 percent ofrepparttar 106480 productivity difference. R&D accounted for only 8% percent ofrepparttar 106481 variation in profitability between companies and 6 percent ofrepparttar 106482 difference in productivity while new technology, quality and competitive strategies each accounted for 1 percent difference. In short, meaningful results don’t come in a plug-and-play box. Rather, engagingrepparttar 106483 contribution and talents of employees isrepparttar 106484 true, sustainable key to long-term success.

What does it take for engagement? It takes conversation. Not too ago,repparttar 106485 mantra was “stop talking and get to work.” May I suggest thatrepparttar 106486 new rallying cry is, “Start talking and get to work.” As technology distances us from each other, we need to find ways to have extended, meaningful interactions which allow people to voice concerns, feelings, opinion, ideas, and questions. Relationship first has risen to challengerepparttar 106487 old task orientation. Employees want to share attitudes, beliefs, as well as workspace. Conversations begin with employee orientation and progress through a variety of programs, forums, and focused retreats. Conversations center around contribution, concerns, outcomes, and yes, fun.

Let me give you some

JOB TALK--THE HEART OF PRODUCTIVITY

Written by Eileen McDargh, CSP, CPAE


Readrepparttar word "productivity" and chances are you envision assembly lines, warehouses stocked with goods, even space-age machinery performing tasks at faster-than-human speed. Or if you are in corporate management, your mind recallsrepparttar 106478 U.S. production statistics when compared to foreign countries. And it's a sure bet that you have read widely onrepparttar 106479 various end-of- the-alphabet theories, quality circles, re-engineering, learning theories and other management techniques to increase productivity. These are all valid considerations when confronted withrepparttar 106480 term.

May I suggest however thatrepparttar 106481 building block of productive labor --repparttar 106482 cornerstone that makes assembly lines flow smoothly and service teams work -- is communication. It used to be you’d hearrepparttar 106483 phrase “ stop talking and get to work.” The far better mantra is now “START talking and get to work.”

Considerrepparttar 106484 impact of poor communications: Tasks frequently have to be repeated because instructions were not clear. One department does not understand why another department needs a report and so it delays sendingrepparttar 106485 requested material. A receptionist cannot explainrepparttar 106486 company's services to a guest inrepparttar 106487 lobby andrepparttar 106488 firm loses a prospective client. A manager misses an important meeting because she fails to ask her assistant to change her calendar. Senior executives lose precious hours in a meeting that becomes an exercise in egos rather than solutions...all becauserepparttar 106489 dynamics of group interaction are not understood. An important memo is not read because ofrepparttar 106490 length and confusing sentences. Employees spend time trying to ferret rumor from fact regardingrepparttar 106491 company's position in a troubled economy. A manager engages in doublespeak regarding possible layoffs and morale plummets for everyone.

These are but a few examples of situations that lower productivity, situations caused by miscommunication, poor communication, or no communication. And that's a situation no one wants.

So how does a company, regardless of size, begin to improve communications for productivity? First, get a good picture ofrepparttar 106492 status quo. Using either internal or external help, conduct a communications audit. The questions are straight-forward and telling:

1.The reason our company exists is to:

2.When it comes to communication, my company (department, unit, etc.) is... because ...

3.I receive most of my information from… (my immediate supervisor,repparttar 106493 colleagues, bulletin board,repparttar 106494 grapevine, other)

4. I could do a better job if I receivedrepparttar 106495 following information inrepparttar 106496 following manner:

5.I would describerepparttar 106497 majority of our meetings as:

6.I would describe communication with my peers as

7.I would describe communication with my manager as

8.I would describe communication with other departments (units) as

9.Communication would improve immediately if

10.I would be a better communicator if I learned to:

Second, prepare a program to give staff and managersrepparttar 106498 tools they need to be good communicators. The first tool is a steady flow of information about management decisions that affect employees,repparttar 106499 marketplace, and competitors. Without that information, an organization cannot hope to bring employees into problem-solving discussions, innovation circles orrepparttar 106500 like. Although upper management deals with such lofty and necessary concerns as strategic planning, capitalization, or international expansion, it might very well berepparttar 106501 battlefront employee who could see solutions for day-to-day problems. But withoutrepparttar 106502 benefit of management's broader perspective,repparttar 106503 solutions could fall short.

The second communication tool employees need to increase productivity is a straightforward, clearly written sourcebook on organizational policies and procedures. Even if a company is quite small, there will be more cohesiveness if employees understandrepparttar 106504 do's, don’ts and how to's of a firm. For example,repparttar 106505 owner of a small enterprise "just figured" his employees knew what wasrepparttar 106506 vacation policy and when salaries would be reviewed. Unfortunately, without a written document, evenrepparttar 106507 boss forgot his intended policy. The resultant confusion and arbitrary handling of vacations and reviews netted a disgruntled staff. And unhappy staff does NOT work to capacity.

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