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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.
“"We have worked with P3 for over 3 years and have found the service we have been given to be invaluable. As a growing organisation, the HR element was taking up more and more of the Board's time. HR are always present at our Board meetings and the time we have saved ourselves allowing this key business function to run smoothly, efficiently and as it should do has paid huge dividends for our growth and our staff retention. Our people and culture have not looked back since we made this decision. "”
In-house or outsource? That’s a question which can only be answered by you. To help you with that decision allow us to highlight the benefits of outsourcing your HR function. Businesses looking to;
Need for Speed. The Data Games. Deploying AI. Licence To Skill. At first glance you may think that these are all blockbuster film titles, but these are the themes that are dominating;
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