Investing in Human Assets: Nurturing a Culture of Employee Value and Growth
What You Need to Know
- 6 July, 2023
The old adage, “employees are a company’s greatest asset” continues to be relevant in today’s knowledge-based economy. Have you ever pondered how you could sustain your business if you had to make sales calls, generate leads, meet customers, and collect payments and other day-to-day operations – all by yourself? From the look of things, running a one-man (or woman) act seems rewarding, but it is highly impractical. So, what is the solution?
Today’s dynamic and ever-evolving business world calls for an investment in human assets over fixed, tangible assets. The departure of an employee can be easily filled with a new hire, but the loss of their knowledge, experience, and skillsets creates a vacuum that directly impacts the company’s overall energies and growth. Instead of solely focusing on reducing employee turnover, it is important to create a culture that fosters harmony, growth, and teamwork. In the following ways, show your employees you value them –
- Empower your employees
- Create accountability in the workplace
- Acknowledge and appreciate employees’ dedication and efforts
- Provide adequate resources to improve employee productivity and efficiency
- Get employees aligned with the company vision