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We’ve had a busy week here at the P3 People Management office, and we’ve seen some interesting stories from the world of HR. Here’s the news that we’ve been discussing and debating this week:
The biggest buzz of the 2017 Oscars wasn’t politically-charged acceptance speeches or show-stopping gowns. Instead, the post-show talk was all about “envelopegate” – when La La Land was mistakenly announced as the winner of Best Picture instead of Moonlight. Needless to say the mistake was a massive award ceremony faux pas, and viewers, attendees and the award’s producers quickly got to work to find the culprits.
Subsequently, Brian Cullinan and Martha Ruiz, the PwC accountants responsible for handing the award’s presenters the winning envelopes, have been let go by the Academy. As Cullinan was the one who handed the incorrect envelope to presenter Warren Beatty, many people are now questioning why Ruiz has also been fired. The responsibility, the Oscars’ producers argue, lay with both of the accountants, and neither Cullinan or Ruiz made any effort to rectify the blunder.
While the mistake was purely down to human error, the accountants failed to handle and resolve the situation effectively. It’s safe to say that this isn’t a mistake that either accountant will make again.
There’s no question that a business’s best asset is its people. Employees are the lifeblood of a company and they keep the wheels turning. Despite this, and the fact that we are in an increasingly people-centric working world, less than five per cent of UK businesses currently account for their people on their balance sheets, according to the CEO of Cascade, Oliver Shaw. Shaw argues that this is one of the most important metrics for employers to calculate and safeguard.
It’s incredibly saddening to hear that a large number of employers do not realise the full value of their employees. At times of political and economic uncertainty, as demonstrated over the past year, the importance of the workforce has never been more pertinent as the economy relies on the people within businesses to keep everything in motion and drive growth. We believe this further raises the issue of how important it is to effectively manage your HR functions to make sure that your most valuable asset is taken care of.
“"Since using P3PM I have found that they have been keen to understand how our business operates in order to tailor the HR Services to our needs and requirements. It has allowed me the opportunity to have additional support for more complicated HR situations." ”
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