From a human resources point of view, let’s not forget that human capital, the people who work in the company, is the best short-, medium- and long-term investment we can make so that its productivity generates wealth.
Any investment in human resources pays itself back over time, whereas investment in technology and production equipment depreciates with age, use and the decline of technologies that become outdated as time goes by.
The cost is very small compared with the benefit obtained and with how soon the results start to show.
The wealth of human resources
A person has a period of growth and training until they reach maturity and get the best return on the time they have invested in reaching their goal. That is the path of someone who decides to study, gets a job and, with it, their future goals.
If we carry that personal benefit over to the company, the person first adapts to the production chain, learns their duties and becomes part of it. From that point on, the person gains a job that lets them achieve their goals, and the company gains a knowledgeable worker who makes its production chain work well, move forward and achieve the best results, so that both sides reap mutual benefits.
The more experience they have in their daily work, the better and greater the results will be. Do we agree?
Maintaining a company’s human resources
Your car needs proper maintenance to keep it running. Not just petrol or diesel, but also oil and filter changes.
Besides their monthly pay, your employee needs another kind of maintenance, which gives the company two benefits: keeping them up to date and, above all, motivated.
Information from the company to the employee keeps the relationship between the two flowing. It means that the company’s good results become a source of satisfaction for the workforce, while setbacks become a spur to their perseverance in reaching better goals and achieving positive results.
Training and keeping employees up to date not only avoids having a workforce that falls behind the specific needs of production, but also makes people more adaptable to change and to the continuous improvement processes that lead to better business output.
Business competitiveness
A better-trained workforce, with greater technical and innovative skills, has now become a selling point when it comes to competing with other companies that do the same work.
If a customer decides to invest in a company that carries out a particular activity, they will weigh up the different options on the market for that product. They will choose the one that offers the most quality, measurable in terms of the technical results of its machinery and the analyses it has carried out on the product to achieve the best results. To put it more simply: the best company is not the one with machines that make better photocopies, but the one whose photocopies are better made because the employees who make them have more valued skills and do more individual, productive work than mere mass copying.
I hope you’ll draw your own conclusions.
Featured image: Esther Bubley / Adam Cuerden, Public domain, via Wikimedia Commons.
