The first to get laid off
An interesting article on human capital written by Britton Manasco makes some good points. He mentions five dimensions of good human capital management:
- recruiting excellence;
- clear rewards and accountability;
- a collegial and flexible workplace;
- communications integrity;
- prudent use of resources.
All great things that taste great together. The article doesn't talk too much about the dynamics of the situation. It is very interesting to juxtapose the general cost-cutting metality that surrounds most businesses today with these ideals. When times get tough, these five are often the first to be shown the door.