Conscious Capitalism, Inc. became a formal organization in 2010. A chronological history of the movement begins with a reference to the 1984 publishing of Freeman’s book, Strategic Management: A Stakeholder Approach. Stakeholder Orientation is one of the four tenets of Conscious Capitalism. Per the Conscious Capitalism website, conscious businesses focus on their whole business ecosystem creating and optimizing value for all of their stakeholders, understanding that strong and engaged stakeholders lead to a healthy, sustainable, resilient business.
In today’s fast-moving, technological world, the types and amount of data hovering around is almost mind-numbing. Business leaders know that there can be great benefit when the right data can be tapped and cultivated in support of the organizational purpose. That is simple in concept, but a bit more challenging in practice. What is “the right” data? How is obtained? What needs to be in place to actually capitalize on it? The bad news is that since all businesses are unique there is no recipe to copy. The good news is that given all businesses rely on people there are some patterns that emerge about what data is helpful to routinely mine internally for HR purposes. Take a look at “6 HR KPI’s that will help your business prosper.”
At a time when unemployment in the U.S. is at historic lows it could be easy to conclude that employers are in a favorable position to keep their teams intact. After all, there are so few competitive vacancies for those workers to consider. In reality, though, many business operators will share that the real scarcity is in finding the right people who can truly make the desired contributions. This suggests that the valuable members on your team would be coveted at any number of other places of business if they were so inclined to go exploring. The call for business operators then is to keep them happy and productive right where they are. Our HR library profiles a couple of resources, “An Easy Employee Retention Tool That Works” & “Keys to Retaining Top Talent”, that house techniques and concepts to keep your current and future top performers with you.