"If we improve these things by a small percentage, as little as 1% - they all add up to a big improvement in overall performance."
Sir Dave Brailsford, Legendary Olympic Cycling Coach
Most HR departments are skilled in only one or two of the seven elements of HR.
Using Marginal Gain Theory, huge gains can occur in your HR department:
Determine what the weaknesses are,
Develop a strategy and a plan for each area,
Identify any conflicts between the strategies and plans,
Implement and monitor and
Lastly, develop the HR department in those weak elements.
Case study: The HR department of a manufacturing company was highly skilled in Employee Relations. However, they were weak in the other six elements. A plan was developed and executed that saw the results that Executive Team was looking for, a reduction in overall Human Capital costs, an increase in manufacturing capacity resulting in higher revenues and a HR team that became skilled in all areas of HR.
Please click below if you would like to see a You Tube video on the successes of the British Cycling team led by Dave Brailsford.
People Profits is redefining HR - by rejecting the mindset that created HR. We assist our clients by injecting fundamental business and financial principles into the HR function. HR is transformed from a COST center into a PROFIT center and your HR department into organizational heroes. Our expertise is based on developing a Human Capital Strategy and implementing our proprietary systems and processes that will increase the value of your greatest asset and your BOTTOM LINE.