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Today’s executives spend a lot of time managing the balancesheet, despite the fact that it doesn’t represent their company’s scarcest resource. Vincent Tsui for HBR. Financial capital is relatively abundant and cheap. This tour-of-duty approach helped attract and retain entrepreneurial employees.
If the virus isn’t under control by May 1 st 2021 and the economy hasn’t picked up, do recruiters have plans to push back start dates? If the firms don’t have a strong balancesheet, if they foresee a potential cash flow problem, or if they have clients in particularly hard hit industries, I’d be concerned. Today, not so much.
Human resource teams are critical to the growth of a company since employees typically represent both the biggest operating expense and largest off-balancesheet asset for most businesses. If you are early in your career, you may be engaging a lot with recruiters. Compensation.
Most of these companies are private and don’t publish their balancesheets. The company also looks outward for global management development and recruits and deploys up-and-coming managers abroad. They belong to a class of small-to-medium German enterprises that are outperforming the country’s top public companies.
Have you worked on quantifiable analytical work, cash flow, balancesheet, P&L etc? Work with your recruiter to make sure you are aware of the specific projects you should be emphasising as they should have insight into what is going to be the most desirable to see from the client’s perspective. Have you sold on work?
If you persist in using “resource” instead of humans, you allow the language of the balancesheet to drive your management decisions. If you need resilience in product development, you might need resilience in: How you recruit and hire. That's wrong. It's always been wrong. People are not resources.
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