The importance of people to your businessUpturns, downturns – how the ever changing economic circumstances globally have impacted the environment to build a successful enterprise might be one thing. How this ebb and flow of constant change and uncertainty has impacted the talent pool is yet another. Demographic forces are also at work. Boomers are remaining in the workforce longer than expected and Gen Y is jostling for positions of greater responsibility and immediate input and contribution to their employer of choice. More than ever, it’s important for business owners to attract and retain the very top talent – and that’s no easy feat. Business owners recognize the more talent you have on your team, the greater your competitive edge – and everyone is looking for that edge. I hear about this all the time from business owners and entrepreneurs across the country. We are often asked about recruiting, developing and retaining talented high potential employees. It’s one of the top issues that keep business owners awake at night. As the nature of the work force changes, from an industrial worker to a service worker to a knowledge worker, the leadership paradigm has had to shift from command and control to participatory leadership that engages the necessary people that will help your business grow and thrive. Therefore, this edition of Business Adviser looks at the importance of human capital – developing innovative and engaged people – because how you manage this very important component of your business will ultimately determine how successful your business will be. Innovation starts and stops with people The simple truth on minimum wages: that it’s not so simple Reducing taxes can increase wealth Insight into Next Generation
Recommended Reading HBR Paperback Series, May 17, 2011 Most teams underperform. Yours can beat the odds. Here are 10 inspiring and useful perspectives to help you: boost team performance through mutual accountability, motivate large, diverse groups to tackle complex projects, increase groups' emotional intelligence, reverse the fortunes of a struggling team, prevent decision-making deadlock, extract results from a bunch of touchy superstars, fight constructively with top-management colleagues, and ensure productivity in far-flung teams. Read More Aligning your talent management and business strategy requires a new mindset Building competitive advantage hinges on the recognition that the war for talent is never over. Read More Join Us ...
Visit www.kpmg.ca/staycurrent to browse the seminars available in your city and register online to any that capture your interest. Unleashing the power of entrepreneurs
It’s an intensive five-day experience for 40 select entrepreneurs of Canadian businesses that have evolved past that initial start up stage and are ready to shift a thriving enterprise to a whole new level of success. QuantumShift challenges participants to discover innovative leadership strategies and capitalize on their growth opportunities. For these exceptional entrepreneurs, QuantumShift is the catalyst for even greater success. Visit www.kpmg.ca/quantumshift to learn more about the program. To nominate an entrepreneur, contact any KPMG Enterprise business adviser. Business Adviser is published by KPMG Enterprise™ specifically for owners and executives of private companies. KPMG Enterprise is devoted exclusively to helping business owners and entrepreneurs build thriving enterprises. For further information about how KPMG Enterprise can help private companies, visit www.kpmg.ca/enterprise.
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