Into the P+P HR strategy of transforming the human capital into a competitive advantage, ETHRWorld
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Highlights
- In a recent research by McKinsey, it was found that companies with a dual focus on developing talent and managing it well have a tangible competitive edge.
- It was also found that People + Performance (P+P) Winners rank among the most profitable firms within their industries.
- HR leaders can do a lot in helping the companies in transforming their organisational signature in the P+P Way to drive the competitive advantage.
Staying alive in the market and having a competitive edge are the major things that matter in the end as a business entity. To reap the competitive advantage as a company brand and an employer brand, the human capital is a crucial internal factor that can be controlled by organisations to make a mark at an industry level.
In a recent research by McKinsey, it was found that companies with a dual focus on developing talent and managing it well have a tangible competitive edge. That is People + Performance (P+P) Winners, rank among the most profitable firms within their industries.
While focusing solely on financial returns is one path to success, choosing the P+P model of…
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