We’ve all been part of the era where employers would often simply lay off workers with outdated skills or redundant roles,
They go out and hire new workers to fill new needs.
This is no longer an option,
given the intense inability to find the people with the right the skills to help companies compete and grow.
In a whitepaper published last quarter,
Lee Hecht Harrison (LHH) proposes the concept of evolving human capital from ‘replaceable’ to ‘renewable’.
This is termed as The new ROI: A Return on Individuals, also the report’s title.
Essentially, this entails abandoning inefficient and costly talent management strategies that lean on a “fire and hire” approach and
adopting talent enablement strategies through investments that can take various forms.
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