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Your Strategy Is Only as Good as Your Skills | BCG

bcg.com · 2,013 words · saved by 2 readers

The successful companies of the future will not only invest in human capital but also track and report progress with the same attention they devote to other assets.

Corporate leaders frequently proclaim, “Our people are our greatest asset.” But when it comes to ensuring that this asset is fully prepared and capable, it’s clear that improving workers’ skills isn’t a top priority. Even though leading companies spend up to 1.5% of their annual budgets on learning and skill building—comparable to what many firms spend on transformation programs or IT—their leaders do not discuss skill building in the same way they do other goals. Our research shows that few companies tie skill building to strategy or report on how they manage skills in the same way they do…

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