We recommended using Return On Workforce (ROW) in our previous posting. Now let’s focus specifically on the “People Business”.

We looked in the past at the good work that the BCG did on the workonomics of the “People Business”. Here again is a great approach to help leaders to think of what to tackle first when they think of people productivity.

The value added to an organization by people is obviously the difference between their output and their pay. But what really optimizes the output? The answer: a competent and motivated workforce that has assets in support and optimal utilization.

At Taleo, we focused first on optimizing the long term impact that some decisions make around competence and capacity, such as skills and talent, hiring, attrition, and promotion. Talent management is part of people management and we could even say it precedes it!