When the Stars Align: How To Sync Human Capital

| August 16, 2016

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It's probably safe to say that successful companies have a sales strategy and a marketing strategy, but what about a human capital strategy? Shouldn't a plan also be put in place that outlines how the company will manage and operate its workforce? According to "Creating an Effective Human Capital Strategy," an August 1, 2012, article by Edward E. Lawler III and John W. Boudreau on the Society for Human Resource Management's website, an organization's effectiveness  relies on its capacity to handle talent management issues like knowledge management, change management, and capability building.
In most cases, the best place to start developing a human capital strategy is by assessing the current situation. When most people hear the word "audit," they think of the Internal Revenue Service, a mountain of paperwork, and an overall painful experience. However, we're happy to report that an audit can be a good thing when used as a workforce planning tool. Known as a human capital audit, it is the key to aligning a company's most important asset, its people, with the overall corporate strategy.

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