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Does Your Strategic Plan Include a Human Capital Disaster Plan?

Strategic plans include marketing, sales and financial plans. Yet, just released research suggests that most organizations are missing the boat because they fail to have a human capital disaster plan.

What would happen to your company if tomorrow morning, 3 out of 4 of your employees gave notice? Would you consider this to be a disaster? If you knew ahead of time, would you have constructed a plan? Of course, you would! You would have a human capital disaster plan just like the strategic plan that you have.

Did you know that a recent survey from the Society for Human Resource Management (SHRM), Yahoo HotJobs and Kronos, Inc. revealed that 75% of the current employed workforce is seeking to change jobs by the end of the year? Have you run to your strategic plan yet?

If this isn't enough to make you run to your HR department, call all of your department heads together, then consider that the retiring 75 million baby boomers will leave approximately 30 million opened positions. And the bad news just does not stop with 1 out of 4 of your employees staying put.

Did you know that over 2 out of 3 of your employees (70%) are not fully engaged according to another survey conducted by the Gallop Organization. When employees are not engaged, this is a disaster because you are not realizing a full return on your investment. Also disengaged employees have higher rates of absenteeism and lower rates of productivity resulting in higher turnover costs.

Now is the time to assess the human capital within your organization, construct a performance management process, review the performance of your managers, revisit your current HR policies of retention, retirement and recruitment. Failure to create a human capital disaster plan will leave your company vulnerable to the competition and ultimately leave you with an empty bank account.

Leanne Hoagland-Smith, M.S. is a business coach and corporate coach with offices in Indianapolis and near Chicago. She writes, speaks and coaches people in businesses to quickly double or triple results through the creation of executable strategic plans along with the necessary leadership skills "to pull it off."

One quick question,if you improve the performance of just 20% of your employees, what would that mean to your bottom line? Then, take a risk and give me, Leanne, a call at 219.759.5601 for a free telephone consultation.

Visit http://www.processspecialist.com/ and explore everything from free articles to connecting with Leanne.

Source: www.articlesbase.com