Employees 'key to getting ahead of the competition'
06-12-2008
A company's employees are its most valuable asset when it comes to getting ahead of the competition during the credit crunch, it has been suggested.
According to HR Zone, managers need to make sure they are taking steps to retain their most valued workers.
KPMG recently conducted a survey which found that 83 per cent of managers believe human capital to be the most important tool to maintain an edge over rival firms.
However, Steve Foster, HR strategist at talent management software company, Northgate Arinso, said that employers need to recognise which are their most valuable members of staff.
"Are you really concerned about your senior managers leaving or actually is it those people doing the solid jobs and have the specialist skills right across the organisation?" he asked.
Recently, Anne Heraty, creator of CPL Resources, told the Irish Times that hiring the wrong person can bring the moral of a company down.
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