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Organisations rate themselves poorly when using HR data to predict workforce performance and improvement. According to a Deloitte survey, while 78 percent of companies rated HR and talent analytics as important, 45 percent rated themselves “not ready” when assessing their...
Human capital is not a one-dimensional concept and can mean different things to different stakeholders. In the business world, human capital is the economic value of an employee’s set of skills. To a policymaker, human capital is the capacity of the...
Investment in human capital contributes to economic and business growth for the benefit of employees, employers and the wider economy. This is now widely understood, but measuring the impact of that investment and reporting on it effectively is challenging. Making direct...
Human capital is possibly the most vital, yet overlooked, means of establishing competitive advantage for companies today, and the need for better ways to encourage innovation. Our means of measuring the management of talent and, more importantly, empirically demonstrating its...
Professor Chris Higson explores the opportunities and challenges accountants face when attempting to measure and value human capital. He argues for the development of a business scorecard to help understand human capital in different settings; and explores the difficulty of...
Corporate Restructuring in all forms are undertaken in pursuit of becoming more adaptive and resilient in the face of financial, competitive, and economic pressures. However, many change initiatives fail and yield new problems in addition to those it was trying...
In today’s knowledge economy, around 80% of an organisation’s value lies in its intangible assets; its human, intellectual and social capital. The value of an organisation’s intangible assets has increased prominently in recent years. At the same time a...
The chemicals industry is becoming increasingly aware that tomorrow's industry will look very different from how it does today. This animation by PwC's Strategy& looks at the changes ahead, foreseeing some degree of break-up of the traditional specialties, and the emergence...
How can we harness the right frame of mind to increase our success quota? According to Scott Halford, the part of the brain that sets humans apart from the rest of the animal kingdom is our prefrontal cortex (PFC). But the...
Innovation and creativity In this engaging presentation of the eight essentials of innovation performance, McKinsey principal Nathan Marston explains why innovation is increasingly important to driving corporate growth. Taken together, these form an essential operating system for innovation within a company’s...
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