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- Title
People Programs Pay Off.
- Authors
Flannery, Thomas P.; Sanes, Richard
- Abstract
This article reports that competition in the 21st century will be based on the caliber of the workforce. The challenge for companies is defining how to optimize their workforce to yield the greatest value by producing the required results. The author suggests that organizations can no longer rely on past practices to be competitive in the future. Executives must examine cost effectiveness, and take appropriate smart risks to find new ways to keep their best people and to drive growth. The author notes that the key to workforce optimization is people programs that can he categorized in three general areas; reward and benefits programs, human resources programs and infrastructure programs that manage personnel and address compliance issues.
- Subjects
INDUSTRIAL management; PERFORMANCE management; PERSONNEL management; TALENT management; STRATEGIC planning &; economics; LEADERSHIP; WORKFORCE planning; EXECUTIVE ability (Management); INDUSTRIAL efficiency; INDUSTRIAL productivity; CORPORATE profits; COMPETITIVE advantage in business; ECONOMICS; MANAGEMENT
- Publication
Financial Executive, 2003, Vol 19, Issue 5, p56
- ISSN
0895-4186
- Publication type
Article