The most pressing human capital priority facing post-millennial organisations is the ongoing cultivation of workforce talent capable of meeting the business objectives of today and tomorrow. To remain truly competitive regardless of business climate, organisations must adopt a strategy for fundamentally transforming, not simply investing in, human capital.
As traditional command and control hierarchies give way to flat organisational structures, unlocking the potential of employees at every level becomes a critical factor in organisational relevance and effectiveness. Traditional employee development strategies, while necessary, are no longer sufficient to meet the talent needs of the organisation. To achieve and sustain higher and higher levels of performance, organisations must positively transform how they develop and leverage human capital.
Simply focusing on developing employees’ technical or functional expertise is entirely inadequate to create truly sustainable breakthrough performance. The most effective organisations will shift their focus to fundamentally rewiring how people hold themselves and engage with others in the workplace, giving employees the skills and opportunity to recognise and coax the best performance out of themselves and others.
By taking a transformative approach to human capital development, organisations will create a workforce that is able to collectively and courageously step forward and achieve unprecedented outcomes.
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