People vs. Asset – Which is Tracked Better?

Most details that can be tracked on non-living assets, generally is. Can you say the same about your people? Here's a great video as a reminder.

Stop and think about this for a moment: How much information does your organization keep on physical assets, such as office furniture, production equipment or technology assets? Most organizations have fairly advanced tracking systems, primarily for financial purposes, that reflect details such as:

1. Origin of purchase
2. Purchase value
3. Configuration
4. Years in service
5. Physical location
6. Remaining value
7. Other Details…

In short, virtually every detail that can be tracked on non-living assets, generally is tracked. It is documented thoroughly, reviewed frequently and rolled up in reports to leadership. Most importantly, it is generally updated at least on a quarterly basis. Can you say the same about your people?

This is a great point made by the promotional video above (I am not associated with this company, nor have have they paid me to advertise). I found it a great reminder to not only ensure we pursue the right HR processes and policies but that we provide these updates frequently and remain in constant communication with our team on their performance, feedback and opportunities. Many thanks to the great HR professional who introduced me to this video. The next time you’re reviewing asset reports, take it as a reminder to review equally comprehensive updates on your people.

Questions: Which is tracked better at your organization? Do you have tips for ensuring your employees are tracked and provided appropriate opportunities?

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Ben Lichtenwalner

Ben Lichtenwalner is the founder and principal of Modern Servant Leader and Radiant Forest, LLC. He has studied and promoted servant leadership awareness and adoption for over 20 years. He is the author of 2 leadership books and has 2 decades of corporate management and leadership experience. His corporate experience spans CIO, VP, Director, and many management roles at Fortune 500, INC 500, and Nonprofits. Ben’s education includes a B.S. in Management Science & Information Systems from Penn State University and an MBA from Lehigh University. Ben's Full Profile Here: About Ben Lichtenwalner

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