How to develop people
INVESTING IN PEOPLE
The chairman of an advertising firm once said that his ‘inventory
goes up and down in the lift’. His prime resource – his working
capital – was people. The same applies in any other sort of orga-
nization. Money matters, but the human beings who work there
matter even more.
If you want to take a pragmatic view of people, regard them
as an investment. They cost money to acquire and maintain and
they should provide a return on that outlay; their value increases
as they become more effective in their jobs and capable of taking
on greater responsibility. In accounting terms, people may be
treated like any other asset on the balance sheet, taking into
account acquisition costs and their increasing value as they gain
experience.
THE MANAGER’S CONTRIBUTION TO
EFFECTIVE DEVELOPMENTThe following are 10 ways in which you can contribute to the
effective development of your staff:
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