Power, Vol.153, No.9, 64-66, 2009
Optimizing the Life-Cycle Cost of Human Capital
Is it possible to develop a business model whereby an economic dip can be used to a market advantage? One client uses a sports analogy to describe this opportunity: "We are between seasons, and we have an opportunity to recruit and retool our team for the future." This just might be the right time to retool your human resources processes to avoid past hiring mistakes and adopt new hiring practices that will maximize the life-cycle value of your company's human capital.