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Experts task organisations on sustenance of human capital development

By Emeka Nwachukwu   |   18 April 2017   |   4:38 am

Organisations have been urged to adopt new strategies and approaches that focus more on developing human capital, so as to close the huge gap that exists in business performance potential.

Human Resources experts who spoke during the third edition of the Deloitte’s Talent Management Platform (DTMP) and launch of its 2017 Global Human Capital Trends report held recently in Lagos, noted that investment in human capital was the single most effective way of not only promoting growth, but also of distributing its benefits more fairly.

They further asserted that such investments would guarantee and promote better leadership, more effective management, better decisions making and a greater return on investments (ROI).

Speaking on the theme: “Rewriting the Rules for Digital Age,” Consulting Partner, Deloitte West Africa, Joseph Olofinsola stated that as human capital experts representing various organisations, there was the need to keep rewriting the rules of the practice through recruitment, promotion and discipline to attain and sustain the desired growth in the economy.


He maintained that the new rules reflect the shift in mindset, behaviour and actions required to lead, organise, motivate, access, manage and engage the 21st century workforce.

“The workforce is changing. It is more digital, more global, diverse, automation-savvy and social media proficient. At the same time, business expectations, needs, and demands are evolving faster than ever before. While some view this as a challenge, we see it as an opportunity to reinvent HR, talent and organisational practice.

Also, as an opportunity to create platforms, processes and tools that will continue to evolve and sustain their value overtime. An opportunity to take the lead in what will likely be among the most significant changes to the workforce that we have seen,” he said.

According to Chief Executive Officer, Deloitte West Africa, Fatai Folarin who was represented by Femi Abegunde, more than ever before, firms and institutions must recognise the importance of human capital as a critical first step in tapping into unrecognized potential.

“At Deloitte, we focus on helping our clients achieve organisational excellence by improving their operational performance and developing their people. Organisations can continue to grow only if they have competent people.  Consequently, organisations must value and invest in people because they are a unique asset to greater heights,” he stated.

Panelists at the event were sector leaders like Executive Director, Human Resources, Mobil Producing, Udom Inoyo, Human Resources Director, Flour Mills Nigeria Plc., Wale Adediran, Head, Corporate Services, AIICO Insurance, Mrs Phil Maduagwu and Human Resources Director, Airtel Nigeria, Gbemiga Owolabi, among others.




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