ISS-Corporate’s Post

Your choice of human capital management (HCM) systems can impact your workforce and business goals. Karen Keynes, from our partner, Kx2 Management Group, shares how aged care providers can find the balance between embracing new technology and upskilling an already overwhelmed workforce.

Your choice of human capital management (HCM) systems can impact your workforce and business goals. Karen Keynes, from our partner, Kx2 Management Group, shares how aged care providers can find the balance between embracing new technology and upskilling an already overwhelmed workforce.

Your choice of human capital management (HCM) systems can impact your workforce and business goals. Karen Keynes, from our partner, Kx2 Management Group, shares how aged care providers can find the balance between embracing new technology and upskilling an already overwhelmed workforce.

Your choice of human capital management (HCM) systems can impact your workforce and business goals. Karen Keynes, from our partner, Kx2 Management Group, shares how aged care providers can find the balance between embracing new technology and upskilling an already overwhelmed workforce.

Attention Employee Engagement Advisors and HR Leaders! Are you looking to boost your team’s fulfillment and financial well-being? Empower your employees with the knowledge to manage their personal finances effectively while they excel at work. Our financial literacy program offers easy-to-understand techniques to reduce debt, kickstart investments, and manage financial risks. This not only enhances their productivity but also fosters a more engaged and loyal workforce. Ready to see the difference in employee retention? Let’s collaborate today. Book now and invest in your team’s future! #EmployeeWellnessprogram

"The Dual Impact of Cost Cutting: Employer Strategies and Employee Well-being"? Cost cutting can impact both employers and employees in various ways: Employers:Financial Stability: Cost-cutting measures can help employers maintain financial stability by reducing expenses and improving profitability, especially during economic downturns or periods of uncertainty. Competitiveness: Cost-cutting can enhance a company's competitiveness by enabling it to offer products or services at lower prices, potentially gaining market share from competitors. Investment Opportunities: By freeing up capital through cost-cutting, employers may have more resources available to invest in growth opportunities, such as expanding into new markets or investing in research and development. Strategic Realignment: Cost-cutting initiatives can prompt employers to reevaluate their business strategies and operations, leading to greater efficiency and alignment with long-term goals. Employees:Job Security: Cost-cutting measures can create uncertainty about job security among employees, especially if layoffs or downsizing occur. This can lead to stress and anxiety among workers. Workload: Reduced staffing levels resulting from cost-cutting measures may lead to increased workloads for remaining employees, potentially impacting their work-life balance and job satisfaction. Compensation and Benefits: Cost-cutting can affect employee compensation and benefits, such as salary freezes, reductions, or changes to healthcare and retirement plans, which may negatively impact morale and loyalty. Training and Development: Budget constraints from cost-cutting measures may limit opportunities for employee training and development, hindering career growth and skill enhancement. Employee Engagement: Employees may become disengaged if they perceive cost-cutting measures as detrimental to their well-being or the company's long-term success. Lack of engagement can lead to decreased productivity and higher turnover rates.As for whether cost-cutting is a necessity in today's time, it depends on various factors including the specific circumstances of the organization, industry trends, and economic conditions. While cost-cutting can be necessary for some businesses to survive or remain competitive, it's essential for employers to approach it thoughtfully, considering the potential impacts on both their bottom line and their employees. Balancing the need for cost reduction with maintaining a positive work environment and supporting employee well-being is crucial for long-term success.

📘 Investing in People: HR as a Strategic Lever for Financial Impact 📘 In today’s evolving business environment, the case for strategic HR investment has never been stronger. Wayne Cascio and John Boudreau's "Investing in People: Financial Impact of Human Resource" Initiatives provides a vital roadmap for HR leaders, consultants, and organizational stakeholders who recognize that effective talent management is not just a function—it's a financial imperative. 🔍 Beyond the "Peanut-Butter" Approach One key insight? Moving away from a uniform, “peanut-butter” approach to HR investments that spreads resources thinly across the board. Instead, Cascio and Boudreau advocate for targeted investments in talent, much like how we allocate resources to high-impact customer segments or technology advancements. Investing in people should be just as systematic and data-driven. 📈 The Power of the LAMP Framework The authors introduce the LAMP (Logic, Analytics, and Knowledge Processes) framework, a method to make data-driven connections between HR practices and business outcomes. With LAMP, HR can measure its impact in ways that resonate with decision-makers, emphasizing how specific HR programs drive key employee behaviors, operational efficiency, and financial growth. 🌍 In a world that demands accountability across all business functions, aligning HR with financial outcomes isn’t just forward-thinking—it’s essential for building sustainable organizational success. Source: Global HR Resources #InvestingInPeople #HumanResources #HRAnalytics #FinancialImpact #TalentStrategy #BusinessPerformance

💡 CFOs, here’s your reminder: The most expensive asset on your balance sheet isn’t in your financial statements—it’s your people. Human capital expenses often represent a significant portion of a company's operating costs. To maximize returns, focus on: Strategic Workforce Planning: Align talent acquisition with long-term business goals. Upskilling Initiatives: Invest in employee development to enhance capabilities. Retention-Focused Engagement Strategies: Foster a positive work environment to reduce turnover. How are you quantifying the value of employee experience in your financial reporting? Explore the topic: Annual HR Report: 15 HR Metrics To Includehttps://lnkd.in/gcHVEb7e