Until recently, people management was seen as one of the soft aspects of business. It wasn’t measurable and thus a lot of companies, especially finance professionals paid little heed to it. This belief was due to HR professionals lacking the tools to provide proper business intelligence on tangible effects of skilled professionals or leaders. Now, a new metric has been designed where workforce value equals people plus the data. A Leadership Capital Index has been developed by Professor Dave Ulrich to measure the value of leadership skills. Key Performance Indicators (KPIs) are segregated to demonstrate the importance of the human capital. Due to the immense quantities of data now available, more accurate analysis is possible. This will be particularly useful while raising fresh funding.

Source:https://www.financialdirector.co.uk/2017/06/02/how-much-is-your-workforce-worth/

Uploaded Date:19/06/2017