Did You Know? Human Capital Edition

by Kelly Long on December 8, 2009

In 2005, an annual series of “Did You Know?”or “Shift Happens” videos began emerging on YouTube.  Today, you can find them on a variety of topics; Social Media, Technology, Globalization …even one made by 2nd grade students. I remember the first time I saw one of these; it was the only time I paid attention in my microeconomics class. ;)

While watching Social Media Revolution (a fantastic video on Social Media by Erik Qualman), I stumbled upon a video entitled Did You Know? Human Capital Edition – 2009.  I’m not sure if I agree with all the statements made, but it’s definitely worth a watch and some reflection.

Some interesting facts:

  • 3 in 4 employees today prefer face to face communication; in 2020 that number will be 1 in 4
  • Organizations today say that employees are their greatest asset. So why do they … Read email daily, pay bills monthly, check inventory quarterly and service machines half yearly, but check performance and engagement of their people only once a year?
  • Human Capital practices have not caught up with financial management practices and are still tuned into the industrial age. And yet, human capital makes up for 77% of expenses.
  • Today’s learner will have had 14 jobs by the age of 38; an average of 1.5 years per job and 2240 hours of onboarding
  • Half of what a student learns in their first year is outdated by their third; that means learning agility is becoming the critical skill

What are your thoughts?

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{ 2 comments… read them below or add one }

Bingbing Xue December 27, 2009 at 2:03 pm

I m not sure if I will agree all the comments neither, such as the saying about social net work is the greatest productivity killer. etc. But it do inspire me about the “future” vision which a HR practitioner should have!

Kelly Mitton December 29, 2009 at 1:34 pm

I agree with you Bingbing. Some comments you agree, some you disagree and others are “interesting to think about”. There “future” of HR will be affected by the ways the world around us changes – and it is important as HR practitioners to be aware of these changes and tools as they develop!

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