Author: BighamConsulting , Last Modified, 2017-05-08

Category: Business Keywords: Undertake-a-Human-Capital-Strategic-Review

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Undertake a Human Capital Strategic Review

Our understanding of motivation in the work place has come a long way since the early studies of Abraham Maslow and his "Hierarchy of Needs". The need for job security and a steady pay-cheque reflective of the industrial age is being gradually superseded by an innate desire for self actualisation, at least in the developed world. This expression led economy is supported by technology driven ecosystems. Bigham Consulting's N-Gauge Motivation System™ The N-Gauge Motivation concept is a Bigham Consulting Trade Mark and protected under intellectual property law. We kindly ask that you ascribe credit to us if you choose to use this tool. Leading organisations must realise that holding on to and attracting top talent will require a mind shift. Financial inducements alone are not sufficient and nurturing human capital motivation should present an investment opportunity yet we still see the hire and fire mentality that rote follows the economic swings and roundabouts. The real cost is lost talent, excessive staff churn, inadequate customer service and missed customer value opportunities. Failure to understand what motivates your best people will be your biggest expense and is surely the shortest route to failure. The lessons of the financial crisis have still to be taken on board, lest we be doomed to repeat them.

A cautionary note on the use of management consulting tools

The successful transformation of any business requires a combination of well designed strategy and experienced leadership to execute it. Even then there are no guarantees. The tools we use on any given project are based on a detailed situational analysis. No one product or tool can guarantee business success and it is risky to take any major decision without express expert advice. As most of our clients are already experts in their professions we caution only that these tools are not to be considered as a replacement for independent professional help. They are therefore supplied for educational and evaluation purposes only. If you would like to receive a proposal for professional support please contact us...

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