ENSURING YOUR WORKFORCE IS YOUR COMPANY'S COMPETITIVE ADVANTAGE
Company profitability is tied to productivity. And the productivity of a company's workforce depends on the effectiveness of its "people practices." Executives today often worry they're not getting the very best out of their employees.
Employees occupy a major expense on the income statement of most companies. At the same time, employees are the greatest driver of value creation. PEOPLE ARE HOW WORKS GET DONE.
According to Columbus CEO's Annual CEO survey, "Many executives expect growth [in 2020] to come from productivity—because even if businesses cannot add all the people they need, they can increase productivity from those already in place."
Through the proprietary Talent Assessment process, Applegate Talent Strategies helps organizations in Ohio and the Midwest diagnose and address their people problems to improve the productivity of their workforce and increase the profitability--and effectiveness--of their business.
How much do "people problems" cost the average business executive? While there are many factors, here's just one calculation:
THE COST OF PEOPLE PROBLEMS
People problems are ever-present. You just deal with them. But because they're so routine, companies often forget to consider how costly it is to deal with issues and problems with their people.
Not only do business owners and executives underestimate how much time they personally spend dealing with their people, they overlook the opportunity cost of that time. People problems are never going to be eliminated altogether. That's not the goal. The key is to minimize them to free up one's time to focus on those things that advance the business.
Use the calculator below to determine how much the time you spend on people problems costs your business.
People problems. Every organization has them. (Well, every organization that has people.) Some problems are frivolous. Some are gargantuan. But all of them take time away from doing the work of the business to deal with them. If left unaddressed, people problems fester and grow ... until they can be ignored no longer. People problems force leaders to spend time doing costly, low-value activities instead of high-value activities that advance the business.
When Your Company's People Practices are In Order...
and Do More of This
Acquiring new business
Doing the work
Building the culture
Planning the strategy.
Mediating, legislating employee disputes
Redoing or writing off lousy work
Repairing soured customer relationships
Rehabbing damaged company reputation
You Can Do Less of This
People Problems Allows You to...
WHO WE WORK WITH
Applegate Talent Strategies is a boutique consulting practice specializing in workforce and talent for organizations located in Ohio and the Midwest. Business owners and executives, and leaders of nonprofits, seek out the services of Applegate Talent Strategies because workforce continues to be a major challenge. Their concerns fall into three categories:
Frustration with the inordinate amount of time they or their managers spend on "people" issues
Suspicion that they're not getting the best out of their people; a strong sense they're leaving something on the table
Uncertainty around how to appropriately deal with their people -- all they know is that what they're currently doing isn't working
Applegate Talent Strategies helps businesses maximize their profits by diagnosing and addressing "people problems" to ensure they're getting the best out of their employees. What does that mean? How can productivity be ensured? It's through effective people practices. Things like:
training & engaging
leading & managing
measuring & rewarding
When these practices are optimized, they lead to quantifiably better business outcomes: productivity and profitability.
It's all about productivity. When productivity lags, profitability lags.
When productivity flourishes, so too does profitability.
Do you recognize any of these common "people problems" in your workplace?
With twenty years of experience in workforce and talent in the private sector and in nonprofits, we understand the issues from an economic development perspective. We are passionate about increasing companies' profits by improving the outcomes employers have with their people and, by extension, improving the experiences employees have at work. Applegate Talent Strategies works with you in a number of ways.
THE TALENT ASSESSMENT
Our proven success begins with a Talent Assessment, which is the foundation of Applegate Talent Strategies' work. A talent assessment is an unvarnished snapshot of your company’s workforce. It uncovers what is really going on with your people. Like an annual physical from your doctor, it reveals things you may want to pay attention to or it confirms that the overall health of your organization is good: “Keep doing what you’re doing.” A talent assessment starts with one-on-one confidential interviews with employees to uncover directly from them their observations and opinions, values and aspirations about working at your company. The process ends in a prioritized report of "Findings & Recommendations." This becomes your customized action plan to address the gaps—if any—of where you are currently with your workforce and where you want to be.
WHAT WE DO FOR YOU
Download a sample report of Findings & Recommendations.
Download a description of the Talent Assessment.