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

Look Out! New Trends in Self-Publishing

Unless you’ve been hiding out in a cave somewhere, you’ve most likely noticed a significant movement towards the publishing of eBooks, a.k.a. “electronic books.” This new trend is making an enormous impact on the writing community for several reasons. Cre...

Dot Bomb - Trend or Lesson?


In these days of the "dot bombs", there are a number of us who are getting nervous about the future of the WWW as a viable means deriving a living.

We have been made very aware through different forms of media that some of the big names on th...

Fashion Trend Report: The New Basic is Anything But Black

We all have it in our closets. Black – the universal color that mixes and matches with anything. Black makes us look good, while covering up figure flaws. And that’s good. Black has its place in our ...

More on Statistics

Back to Statistical Forecasting Home Page

Copyright © 2006 Statistical Forecasting. All Rights Reserved