In a knowledge-based economy, companies upgrade their “capital” not by overhauling outdated machinery but by upskilling their workforce. That’s because human capital is increasingly the most important asset companies possess. And while humans aren’t as static as machinery, they still need to be retooled and upgraded.
Tag: Training Employees
The rapid spread of COVID-19 has forced three-quarters of U.S. states to issue stay-at-home orders, impacting nearly 300 million Americans, as of early April. While many states have certain exemptions that allow “essential” businesses to stay up and running, thousands of companies across the country have shifted the majority of their staffs to remote work, […]
When employees are strapped for time, it’s easy for them to disregard long-term projects and goals and focus entirely on their immediate concerns.
A tight labor market typically means that unemployment numbers are low and that employers will be fighting over a smaller pool of candidates to fill open positions. While those conditions are currently present in the “Gig Economy,” the shifting nature of employment and the pressure on workers to remain upwardly mobile have changed the way […]
Employee engagement is key to boosting productivity and morale, and it can be encouraged through a number of means. For example, we’ve written previously about employee preferences for working at a company that is serving the greater good. This preference is especially true among younger generations.
Many employers think that they need to offer things like table tennis in large and custom-designed breakrooms, organic juice bars, bring-your-dog-to-work days, and free lunch every other day—especially when it comes to hiring younger employees—to retain employees and keep them happy.