Differentiating your workforce a key retention strategy

By Jevita Derby

INTRODUCTION

Our previous article, Six Steps to Developing your Human Capital Strategy, outlined a six step approach to developing a strategic human capital plan which addresses and documents an organisation’s approach to the key elements of workforce / talent acquisition, development and utilisation. This month, we look at the importance of going beyond workforce planning to the development of a human capital strategy with a focus on workforce differentiation.

 

Six steps to developing your human capital strategy

By Jevita Derby

HUMAN CAPITAL’S POTENTIAL

In the search for a competitive advantage, many organisations tend to focus the majority of their time and effort on the functions of business strategy, marketing, sales, client services and finance, yet often fail to effectively manage the area of human capital. This is despite the vast array of evidence identifying the contribution of people as the single most important driver of organisational success.