RECYCLING HUMAN ASSETS – PERSONNEL TREND OF THE FUTURE?

In Economics 101 I learned the basic laws of supply and demand. When the demand was high and the supply was low . . . prices went up. From an employer’s perspective, I would say that lesson accurately describes today’s job market.

The economy is great. Companies are growing. Corporate demand for quality employees to feed that growth is high. But because of low unemployment, the supply of quality job applicants is far smaller than most companies have grown accustomed to. With recruiting costs escalating, mistakes and wasteful use of human resources are more obvious than ever.

Some of the best candidates for available positions in your company could be right under your nose. Promoting from within is relatively easy when you’re talking about top performers. But what about those employees who just don’t seem to be getting it done? You know . . . the ones you want to fire.

Just because a person was miscast for a job does not mean that person is not capable of being a good employee. Simply put, a liability in one context could be an asset in another. Are employees being expected to perform work that doesn’t suit their skills, attitudes, or personalities?

·First of all, companies who take the time to identify and assess the strengths and weaknesses of their current employees are wisely protecting themselves from costs associated with unnecessary terminations and increased recruiting efforts.

·Secondly, when employees are performing in positions that best suit their interests, skills, and personalities, they are less likely to leave.

·Finally, properly cast employees tend to get more work accomplished. When more work can be accomplished by fewer people, pressure is reduced to find more people in a job market in which top prospects are scarce.

Have you taken inventory of your human assets lately?

Copyright 2001, Mason Duchatschek

About the Author

Mason Duchatschek is the president of AMO-Employer Services, Inc., in St. Louis, Missouri, and co-author of the book Sales Utopia: How to Get the Right People, Doing the Right Things, Enough Times. His phone number is 1-800-245-0445, and his company’s website is www.amo-es.com.

Other articles and information related to Statistics

The Latest Media Trend - Movie Downloads

Movie Download websites are becoming more and more popular for anyone who enjoys watching movies.

Think about this. You go to your local media store and pay $19.95 for a movie. If you really want to expand your movie collection, this can get expens...

The Hottest Beauty Trend Isn’t for Women: It’s Skin Care for Men

Not too long ago, it used to be that when a woman brought home her facial scrub, cleanser and toner, she could be sure that the closest her man got to them was reaching over those fancy jars for his ...

Trendy Furniture Can Make Or Break A Room

Some say that you are what you eat. The same can apply to furniture. You are as cool as your furniture is trendy. The type of furniture you choose, the color, style and look can make or break a room'...

More on Statistics

Back to Statistical Forecasting Home Page

Copyright © 2006 Statistical Forecasting. All Rights Reserved