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#GeniusUpDailyNews!: CEOs Should Get Personally Involved in Talent Development

Korn Ferry recently estimated that, globally, human capital has a value about 2.3 times that of physical capital. This difference is likely to widen in increasingly service-oriented economies. Yet, most companies maintain their equipment better than their people. The issue is not good intentions. Executives repeatedly cite employees as critical for success; we rarely hear them mention picking a software package or supplier in the same way. But C-suite attention and rigorous processes are typically in place for software and supplier selection, not for core staff activities. At a minimum, you have three levers for managing human capital with the same rigor as other assets: