Can you optimize productivity while minimizing human capital costs? Yes, which is The Prince Synergy way.
To use right people is the first step. However, many leaders fail to know talent deeply and often overly use the tool of motivation, which may not improve productivity but worsen workplace stress and increase stress-related health issues. Workplace stress is # 1 cause of turnover, which further increases human capital costs.
The world DOES NOT challenge only individuals’ strength, and setbacks and failures often come with the worst stress. Thus, how your team handles setbacks and failures determines not only your success in the storm, but also their daily problem solving, stress management, well-being, turnover, etc.
In summary, the keys to optimize productivity while minimizing human capital costs include: