Real Cost of Doing Business

Let’s face it.  For the past several months the objective has been to “keep the doors open.”  But, if we’re really honest…the real cost of doing business is our human resources—the drivers in bridging the gap between performance and one of the most significant cost to any business expenses; salaries and benefits.  This is huge in business and yet it continues to be the “white elephant in many boardrooms”. Leaders do not want to have candid conversations about employee performance.  Some the most significant concerns facing firm owners today are: 1) shortages of qualified workers, 2) cost and availability of health insurance 3) access to capital, and 4) compliance with government regulations.

Three of these four issues have direct implications to the staff we recruit, train and retain.  All of these challenges are true concerns, but company leaders are missing the point. If you have the right people, at the right time, in the right place, your business will survive and even thrive in any economy. The bottom-line is that people make profit.  Who are the people-drivers in your organization? If your answer isn’t HR; it’s time to rethink your strategy. Read on....

Val Dantzler 
A3K Consulting