HR Short - The Hidden Costs of Poor People Management
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I have had the great opportunity to conduct management seminars across North America, as well as coach individual managers for the past 15 years. During that time, I've accumulated a lot of material. I decided on this blog to begin a new segment called HR Shorts.
Most companies do not have any or little management training - if that describes your company - click here to learn more about a cost effective, high return-on-investment approach.
Don't miss any HR Shorts - go to the right column to subscribe
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HR Shorts will contain a quick insight (consider it a micro-blog of sorts - shorter than a traditional blog, longer than a tweet, or a document that I want to share, a study...etc). And, I would love for this to be a family affair. If you have a "short to share: with our HR Family, send if off either via the contact tab at the bottom right or via email: joann@joanncorley.com
In this short, I'd like to share a document which contains research from The Future Foundation. It's a fascinating study done across several continents on what it costs companies when people are poorly managed.
Though this study was conducted several years ago, I believe it offers significant and relevant insights for our community. Here's a snapshot:
"Overall, the U.S. is devoting $105 billion a year to correcting problems associated with poor hiring and people management practices. This shortfall is worth 1.05% of the total U.S. GDP. The reason for this loss of capital in the U.S., as uncovered in The Future Foundation study, is that businesses waste the talent and potential of their workforces and fail to match the right people to the right jobs."
One final note: part of the reason why I created this blog was to help HR professionals be armed in a way to be effective internal advocates/consultants to key decision-makers. You are the HR expert!
Here is the link: The Hidden Costs of Poor People Management
Most companies do not have any or little management training - if that describes your company - click here to learn more about a cost effective, high return-on-investment approach.
Don't miss any HR Shorts - go to the right column to subscribe
Follow: Twitter: @joanncorley Facebook Google+ LinkedIn
It doesn't take a rocket scientist to figure out that poor management leads to inefficient operations. That's why it's a very good idea to only get managers and executives with certificate iv in frontline management.
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