Should you focus on people or profits?
It’s a common question faced by leaders around the world.
But the truth is that people and profits aren’t mutually exclusive. Focusing on one thing gets you to the other. To earn profits, you have to start with people.
Profits come from employees building relationships, selling your product, and continually innovating. To unlock those profits and growth potential, you have to start with the people who get you those profits.
A great example of this comes from Hubert Joly, the former CEO of Best Buy. He took over when the company was struggling and nearing bankruptcy. Everyone told Hubert to cut employees to save the company. But instead, he invested more in his people with additional training, development, and growth opportunities. Those people helped turn the company around.
Investing more in your people, not less, leads to profits.
We need to stop the debate between people and profits. They aren’t opposing forces but work together. To get to higher profits, invest in your people and their experience.
When it comes to people or profits, the answer is both.
I put together a video which talks about this in more detail. Please check it out below and if you want more content like this you can subscribe to my Youtube channel.
——————————————
Namely is the all-in-one HR solution that makes life easier for your employees, your boss, and you! From onboarding and payroll to time tracking, benefits, employee engagement, and so much more, Namely’s all-in-one integrated HR platform is designed to be used by everyone, every day – whether you have 50 or 500 employees. Build a Better Workplace with Namely. Get a Free Month of unlimited access to Namely at Namely.com/FOW today!
——————————————
In case you missed it, I just launched a subscription version of my podcast. Get ad-free listening, early access to new episodes and bonus episodes with the subscription version of the show The Future of Work Plus. To start it will only be available on Apple Podcasts and it will cost $4.99/month or $49.99/year, which is the equivalent to the cost of a cup of coffee.
Fast-track your path to leadership success with The Future of Work Plus. I can’t wait for you to hear all the content we have in store!
Comments