The Boston Consulting Group and the World Federation of People Management Associations published “From Capability to Profitability: Realizing the Value of People Management” in July. Key take-aways:
Significant Bottom-Line Impact from Getting People Processes Right
Leadership Differentiators
Linking performance and expectations to your core values makes better leaders. And those better leaders are promoted into positions of leadership based on how well they live the values. Doing so makes your company more profitable.
Performance Management Differentiators
People clearly understand what is expected of them, daily. And these are standard across the globe for one-company focus on acceptable behaviors and outcomes.
Recognize the “How,” not Just the “What”
This is a central best practice for truly strategic, social employee recognition based on core values. It doesn’t matter what you accomplish if you do so in a way that violates core values.
Where would you score on “people practices?” Are you driving as much value to the bottom line as you should?