MO Money

Human Capital, the strength of your organization depends on it. Over the next few weeks millions of business are crunching the numbers and preparing budgets for 2013. It’s not fun for most but the CFOs live for budget season. HR is tasked with preparing the organization for the coming year and beyond. They don’t have the luxury of living in 12 month compartments. The resource decisions made during budget season, as it relates to human capital can effect an organization for years. HR should fight for training, development and better funded relocation packages. An increase of 5 % in these areas can potentially yield a 30 % return, conversely a 5 % cut could lead to employee turnover and the hiring of weaker candidates. For more information about relocation polices visit www.stevensworldwide.com