When businesses rely on highly experienced and skilled employees to provide key services to clients, the power of human capital quickly becomes clear.
While this resource is one of many that organizations use, it stands apart from others like real estate, equipment or inventory. All workers are important, but staff members who directly drive revenue for human services businesses — lawyers, accountants, computer programmers and many more — require special consideration.
Effectively investing in human capital can lead to direct benefits for businesses. That investment can take many forms. Your company might choose to enhance the knowledge and abilities of highly skilled staff via professional development or increase compensation in an effort to boost engagement and loyalty. Our eBook, “How Investing in Human Capital Can Boost Profits,” looks at the connections between targeted funding for these mission-critical employees and positive outcomes for the organizations that employ them. Download it now[1] to learn more.
There are many avenues to consider, as crucial staff members in this space need to be considered as both professionals and individuals with concerns outside of their work. Holistic support, encompassing compensation as well as continuing education and skill development, may lead to the most positive results.
Comerica Bank supports businesses in the human services market, and across all markets and industries, with a variety of banking and financing solutions. Our team will invest time in building a relationship with you, identifying your needs along with potential issues and opportunities. With that knowledge base, we can then suggest the most relevant and effective products and services for your company.
Reach out to us to learn more about the benefits of working with a middle market banking and financing partner.
This information is provided for general awareness purposes only and is not intended to be relied upon as legal or compliance advice.
This article is provided for informational purposes only. While the information contained within has been compiled from source[s] which are believed to be reliable and accurate, Comerica Bank does not guarantee its accuracy. Consequently, it should not be considered a comprehensive statement on any matter nor be relied upon as such.