Protecting Human Capital
Watch this video, which introduces the value of human capital. While many organizations have a strategy for developing and nurturing their leaders, they must also create strategies to manage their employees.
This video discusses an income statement, a financial statement that illustrates the revenue and expenses a business incurs during a specific period. Businesses should monitor the income and losses recorded on this statement daily to ensure the business is profitable. A balance sheet is a financial statement that illustrates its assets, liabilities, and owner's equity.
Businesses need to focus on increasing the value of their assets. When managing human capital, certain C-jobs and C-employees, and even certain B-jobs and B-employees, affect your income statement the most. These employees' daily functions help an organization meet its goals and objectives and are often the most important. The A-jobs and employees have a high degree of risk (asset or liability), making their impact more strategic.
Source: Dan Springer
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