Resource allocation versus human resources
Tuesday, November 21, 2017
People are an organization's best asset, but how do we make sure we distribute the right resources needed to run a business?
When we think of resources, we focus on capital improvements, equipment, security, salaries, etc., but we often overlook human resources. Making sure that employees are taken care of is probably the most critical element in human resource allocation.
How we use our budget for capital investments is key to keeping the company alive. However, training for individuals is typically the last place that money is spent. This lack of investment will hurt the organization in the end.
People are the engines that run an enterprise. It is better to be proactive in making sure everyone has a chance to get certified in their field, or even to earn a degree.
The human resources department in every corporation is often not used to its total capacity. They have the knowledge and skills necessary in recruitment of talent, and they should have a strategic plan in place that will make sure the right person gets hired for the job.
But the HR team can also help determine the best use of spending for training and the development of the staff after the recruiting and hiring processes have been completed.
One way to make training less stressful is through cross-training, mentorships, coaching or lunch-and-learn events. Send a handful of people to a local conference and in turn have those individuals train the others. These are just a few of the ideas that an organization can use to mitigate how much is spent on training the workforce.
The ebb and flow within an organization is a constant battle on all sides for resources necessary to keep the company afloat. Too often personnel are left to fend for themselves when it comes to training, mentoring, etc.
Leaders must take responsibility in making sure to take care of their employees. Leaders from the top down should be in agreement that people are number one in their eyes. All the equipment, marketing and R&D do not make an organization.
Without people, a business would not exist. Take care of employees first, and the rest will follow.
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