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Reinvesting in Your Workforce

Wednesday, November 13, 2013 6:00 am - by Everest
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Though there are many advantages to being a publicly traded company, one of the biggest downsides is the necessity of making cuts to staff and resources in order to balance out poor market performance. In many cases, downsizing employees and employee resources becomes a sort of vicious circle for work performance on the macro and micro levels. Those who avoid the cuts are often left with twice as much on their plate and very little in the way of support for their new responsibilities. 

Are these cuts really worth it? Sure, they make everything nice and balanced at a quarterly meeting; but what about the long term effects? A workplace performance study by John Hagel and John Seely Brown found that the best way to get a return on your employees is to invest in collaborative resources and a work environment that promotes individual learning and improvement. In the study, some of the tools that Hagel and Brown found most effective were electronic resources (like a dedicated online company thread or forum for people working a particular project). These resources combined with a more open office environment can promote individual growth on a company wide scale. When you foster the professional improvement of your workforce, the ROI will certainly be greater than betting against them with cuts to staff and resources.



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