People Programs Pay Off

Flannery, Thomas P.; Sanes, Richard
July 2003
Financial Executive;Jul/Aug2003, Vol. 19 Issue 5, p56
Academic Journal
This article reports that competition in the 21st century will be based on the caliber of the workforce. The challenge for companies is defining how to optimize their workforce to yield the greatest value by producing the required results. The author suggests that organizations can no longer rely on past practices to be competitive in the future. Executives must examine cost effectiveness, and take appropriate smart risks to find new ways to keep their best people and to drive growth. The author notes that the key to workforce optimization is people programs that can he categorized in three general areas; reward and benefits programs, human resources programs and infrastructure programs that manage personnel and address compliance issues.


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