Best practices in human capital management

Companies that invest wisely in their human capital use analytical tools to measure human capital performance, set targets and track progress.

Best Practices

• Tailor their people strategy to their business strategy
• Ensure the right people are doing the right work at the right price
• Design the most efficient possible organizational structure
• Invest in pivotal employees
• Develop outstanding leaders

Common Traps

• Jumping from one “quick fix” to another without stopping to understand what’s causing excess cost or slower growth
• Treating a workforce the same across the organization
• Failing to re-examine traditions and habits as the business grows and changes
• Trying to do too many things at once