According to Watson Wyatt, in their studies
toward their Human Capital Index, they found that every kind of ‘HR
initiative’ given to employees, such as resource management, integrated
practices, compensation and ‘focus on the employee’ can increase
the bottom line of an organization up to 18%. However, maintaining a
‘paternalistic environment’ can offset that by up to 7.5%.
9 Signs of a
People are your firm's most underutilized resource.
new knowledge economy,
and initiative is needed throughout the ranks
of your organization.
Involvement in an organization is no longer a one-way
street. In today's corporate environment a manager must work towards
engaging organization forcefully enough to achieve its objectives.
knowledge-based enterprises are characterized by flat hierarchical
structures and multi-skilled workforce. Managers assume more
coaching tasks and work hard to provide employees with resources and
working conditions they need to accomplish the goals they've agreed to. In
brief, managers work for their staff, and not the reverse.
Empowerment is the oil that
lubricates the exercise of learning. Talented and empowered human capital is
becoming the prime ingredient of organizational success. A critical feature
of successful teams, especially in knowledge-driven enterprises, is that
they are invested with a significant degree of empowerment, or
Equally important, employee
empowerment changes the managers' mind-set and leaves them with more time to
engage in broad-based thinking,
visioning, nurturing, and
working on the business. This intelligent and productive division of
, focusing on emerging
opportunities, and empowered employees, running the business unit day to day
(with oversight on the leader's part) provides for a well-managed enterprise