HR Transformation Blog

What is the biggest LEVER in the business?So why not put the right effort into growing that 10x?

5/29/2024

In the previous season of VSHR Pro Academy Research and Lunch,

"30% of the HR leaders shared that the CEO's support is the number 1 obstacle in workforce transformation."

But after 6 months, the last Friday in Pro Research and lunch season 3, we found around 50% of HR leaders shared the biggest obstacles are - Expertise and Resources.

That clearly shows that 'Expertise & resources' are the number 1 factors in making a company win in this economy. Let's take a look at three more insights on this in terms of business impacts when a business focuses on expertise:

Productivity Increase: According to the National Bureau of Economic Research, a 10% increase in workforce education level can lead to an 8.6% increase in productivity per employee.

Revenue Growth: Deloitte’s research shows that companies with strong learning cultures, which continuously enhance employee expertise, are 92% more likely to innovate and 52% more productive. These companies also tend to experience 37% higher revenue per employee compared to those that do not prioritize skill development.

Profitability Impact: Research by McKinsey & Company indicates that organizations investing in skill development can see a return on investment (ROI) of 6 to 1. Moreover, companies in the top quartile for employee skill levels experience profitability that is 25% higher than those in the bottom quartile.

So the goal is to gain a higher level of expertise and resources in each level of the business, which means - C Suie, HOD, Middle manager, and Executive. Because expertise is the lever for solving business challenges.

Here is one resource that can be included with the HR transformative skillset which is 100x Business Workforce, to create breakthroughs in business by workforce.

Let's join the priority list today so you can get the gift and parks here

Among you who could not make it for Pro Research and Lunch Season 3, the Guest wishlist is open now for Season 4, which will happen in Q3 2024.

We always have limited spot, so let's join the guest Wishlist now here

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