In the knowledge economy, human capital is the primary asset of most firms. For most firms, labor costs are at or near 70% of operating expenses. More importantly, people drive value creation. From intellectual property to customer satisfaction, 80% of a company’s valuation is now intangible.* Managing human capital and developing talent in your organization leads to new product innovation and development, higher levels of sales performance, increased customer satisfaction, greater productivity and a more engaged workforce. It will mark the difference between market leaders and laggards.
*Comparing Price to Book ratio for S&P companies over time. SF Research, 2006
WorkSimple(getworksimple.com ) Business Goal Software combines social goals, goal management, recognition, and performance feedback. WorkSimple’s on-demand platform, which focuses heavily on social goal management, changes the way employees, managers, and businesses manage and view workday productivity and performance. Teams or small to midsize businesses are up and running in minutes often recognize 200% ROI within the first 30 days.
Did you know that business performance metrics increase by as much as 20% when employees understand how their work contributes to their company's success? (Source: Aberdeen Group, 2008)
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