Companies are constantly considering new approaches to success and improving upon their bottom line. The definition of which can have several meanings ranging from financial profitability to fostering a corporate environment that protects their investment in human capital – a company’s most valuable asset. To further protect the bottom line we must give proper recognition to the cause and effect of the employee mortality / cost factor. Its impact through increased turnover, high cost of rehire and training, decreased morale, loss of corporate intelligence, loss of perceived/actual market share and diminished brand placement can have a drastic impact on the financial bottom line.
People are seeking a greater sense of purpose and community in their work lives. Today’s leaders recognize the profound impact its human capital has on its bottom line. Through the use of emerging business tools such as financial dashboards, balanced scorecards and 360 reviews, business leaders are learning what it takes to build healthy, vibrant and productive workplace communities…integrating profit and mortality into their financial equation. Leaders of the new economy understand all the “tools” necessary to enact positive change are already on the company’s payroll. The challenge is to harness their combined intelligence to promote knowledge sharing. Its resulting effect can eliminate gaps in communication and loss of valuable information, both of which can contribute to waste in time and resources.
Today’s leaders create situations encouraging productive exchanges and allowing people to step out of the information flow. Several courses have proven great success, such as: Ropes Challenge Course, Team Building Exercise, Strategic Dialoguing and other non-traditional approaches.
Through conversations that matter creative potential is preserved. Thus, promoting healthy relationships by gaining perspective and mutual respect, while freeing us from the confines of spirit-robbing data processing.
The Information Age is about knowledge creation. It’s not about having the answers; it’s about being open enough to keep asking questions.