Human Capital Investment
Human capital is the sum total of individual intelligence built on the acquisition of skills, training, and educational experience over a lifetime.
Between 2010 and 2020 every nation on the globe faces the crucial challenge of increasing the talent pool for technology-based economies that are increasingly dependent on producing high-value products and services for future growth and prosperity.
Talent creation will not be robust until more businesses come to fully understand the enormous untapped potential of the U.S. workforce. As Peter Drucker warned, "The greatest danger in times of turbulence is not the turbulence; it is to act with yesterday’s logic."
To change that logic, Imperial is helping more businesses to increase their focus on workforce analytics, workforce planning, regional career education, and employee performance management. We have found that these human capital issues are often the hardest for businesses to manage well.
Talent creation can be wasted if a company doesn’t know what skills its workers will need for today and tomorrow. Businesses need to establish an inventory of their employee’s current skills. Imperial can help you chart a path for future innovation and employee creativity within their organization. Finally, Imperial helps companies decide how far their own culture and the community will push for a new talent creation system.
From the foreword of Ed Gordon's book, Future Jobs:
"He argues that corporations should be allowed to depreciate their investments in human capital just as they can depreciate (physical) capital investments. The relentlessness of the pressure to achieve positive quarterly financial performance incents companies to minimize expenses to the extent that they can. Allowing training investments to depreciate over a reasonable time frame would improve quarterly profits by spreading the direct costs of training and even the wage costs of training participants over multiple quarters. This simple accounting change would inculcate corporate attitudes of growing their own, rather than poaching talent from competitors."
--Kevin Hollenbeck, W.E. Upjohn Institute for Employment Research
Press Contact Us to inquire about obtaining Imperial's assistance in the areas of human capital development and training ROI.
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