Why your workforce is your most important asset


Companies spend a lot of money in hard assets such as buildings, machinery and equipment and software. But when it comes to financing non-capital assets such as marketing, sales, and people, they aren’t as willing to make those other investments needed to optimize the so-called soft assets.

In nearly every manufacturing survey that has been conducted over the past year, the one recurring issue that a high percentage of respondents cites as a “problem” or “challenge to business growth” is the lack of skilled labor. Simon Macpherson, senior director of operations for Kronos Inc. EMEA, a workforce management solutions firm, brought that to the forefront in a recent editorial for Manufacturing Business Technology, an online publication.....
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