Are your risk and audit functions (and senior management) paying enough attention to the Human Resources Department (HRD) as a source of significant risk?
It can and should be a major player in protecting enterprise value. But it should also be a major contributor to creating it!
If it is less than effective in either dimension, the effect on achieving enterprise objectives can be very significant indeed.
But if it excels, the effect can be magical.
Consider these quotes from Jack Welch, considered by many as an excellent CEO:
- The team with the best players wins.
- If you pick the right people and give them the opportunity to spread their wings and put compensation as a carrier behind it you almost don’t have to manage them.
- Before you are a leader, success is all about growing yourself. When you become a leader, success is all about growing others.
- What could possibly be more important than who gets hired, developed, promoted, or moved out the door? Business is a game, and as with all games, the team that puts the best people on the field and gets them playing together wins.
- No company, small or large, can win over the long run without energized employees who believe in the mission and understand how to achieve it.
- My main job was developing talent. I was a gardener providing water and other nourishment to…
