How effective is your People Management?

The acknowledgment of people as human assets and a vital part of the business clearly necessitates a new, more considerate approach by managers to People Management.

Wider recognition of this need has already resulted in a shift in terminology from Human Resources to Human Capital, and calls by the investment community for a consistent means for both valuing these intangible assets, and measuring Management Performance in this area.

The Zealise approach engenders this and facilitates a new measure, Return on Human Assets that creates a new, more empirical approach to People Management, bringing it into line with the management of any other asset. In doing so it also answers the fundamental issues being addressed by:

• A UK Government task force mandated to look at the whole issue of “Accounting for People.”
• Human Capital Management (HCM) standards being developed that insist the key elements of the way an organisation is managed be included in the published financial statements of all UK publicly listed companies.

The Zealise approach creates a system that not only equips you to meet the current HCM reporting requirements, but also any likely future demands. This is because it actually meets and addresses the underlying factors driving the requirements. It offers:

• The discipline to move People Management from the "soft skill" it is currently considered, and create the same degree of accountability, integrity and control that applies to the administration of any other asset.
• Empirical analysis of performance and comparison from one period to the next.
• Reinforcement of behavioural change within the organisation, particularly by management, which will ensure people actually feel that they are truly regarded as assets.

Return on Human Assets is therefore very likely to become the future standard for HCM, but even if it does not, it will provide a low cost means to keep on top of your People Management and a basis for developing meaningful Key Performance Indicators (KPI) – whilst reinforcing all your other People Management initiatives.

So if you want to be on top of the demands for effective HCM Reporting, together with the added benefits of the other two elements of our 3-in-1 solution: engaged employees who feel they are valued, and who are properly recognised and rewarded for their efforts, you should contact us immediately, to see how we can help.