Human capital takes a front seat

Published: 25 Mar 2008

Human capital is becoming an increasingly important measure of business success. In the Sunday Times’ recent Best Companies to Work For competition, the share performance of the top 31 listed companies out performed all those in the FTSE 100 index.

The same is true in the US where the Watson Wyatt Human Capital Index surveyed the human capital performance of 750 US and European companies. Companies with a lower human capital performance averaged a return of 21% to shareholders, while those that who invested in their staff averaged a 64% total return.

Brett Walsh, lead consulting partner for human capital EMEA at Deloitte says he is not surprised at the correlation, but surprised by the lack of companies that realise it. Attracting, training and retaining good talent is essential, especially as the talent pool reduces for the future.

The problem is particularly acute in the Asia Pacific region where a growing region is coupled with a sparse talent pool. The importance of human capital in this environment is paramount, companies are realising that if they don’t make staff a key priority their ambitious growth plans will be hampered by not having the right people to manage it.

The US and Europe have a highly developed infrastructure to develop much needed talent in the travel industry, which Asia Pacific is lacking.

EyeforTravel is expanding its research in this area and we would welcome your input so please leave your comments on this story or contact tom@eyefortravel.com

Comments

You must be logged in to post comments.

Events, Conferences and Reports

Travel Distribution Summit North America 2009

The Westin, Chicago, September 16-17

This event consistently attracts the top names in travel distribution, marketing and ecommerce. It will feature the biggest names in travel and will cover the topics that are vital to your business. Plus, it is the best networking opportunity for senior travel executives in North America.

Travel Distribution Summit India 2009

October

TDS India is the subcontinent's only travel distribution, sales and technology forum. It is the trusted annual meeting place for debating the next evolutionary phase of in this dynamic region.

North American Online Travel Report 2009

2009

The North American online travel market is growing. This report is packed with statistics and analysis that will show you how and where. Vital to create a strategy that will enable you to succeed

Travel Distribution In-house Research and Training

Available Now

Access video footage from the world’s biggest meeting of online travel and travel distribution execs. Includes more than 50 conference talks, slides and panel debates. Topics covered include online travel strategies, revenue management and ancillary revenue.

Revenue Management and Pricing in Travel USA 2009

September 16-17, Chicago

Senior executives involved in Revenue Management and Pricing convene for this annual update on the latest RM, pricing and profit optimization strategies. With an emphasis on consumer behavior and scientific methodology, expert speakers from hotels, airlines and academic institutions will reveal how to grow revenue in the economic downturn.

Mobile Strategies for Travel 2009

The Westin Michigan Avenue, September 16-17

How to use mobile technology to sell more of your travel product. Conference, networking and origianal research that will help you use mobile to maximize sales

Mobile Technology in Travel Report: The Detail

May-September

The second in the series of EyeforTravel's School of Mobile reports. This report has been designed from the ground up to help decision makers in the Travel and Tourism industry navigate the mobile ecosystem and make intelligent decisions about understanding and embracing mobile. Free to the travel industry

Sales & Marketing in Travel Europe 2009 Summit

13-14 October, Prague

In this challenging economic climate it's never been so important to review your marketing spend. This event is packed full of best practices, refreshing ideas and case studies from leading marketers in the travel industry.

Social Media Strategies in Travel

13-14 October, Prague

Hear insightful case studies from leading travel brands on how to successfully create a social media strategy that adds real value to your business. Part of EyeforTravel's Sales & Marketing in Travel Europe, this two day conference cuts through the hype and leaves you buzzing with ideas to implement at little extra cost!

EyeforTravel@WTM - Travel Technology Summit

11-12 November, London

This year at World Travel Market, EyeforTravel are offering you the chance to join some of the most innovative senior executives in travel to discuss key technology in travel issues. The 2 day conference balances poignant discussions and ample networking to help you get ahead – and stay ahead – in travel technology.

Revenue Management and Pricing in Travel Europe 2009

24-25 November 2009, Movenpick Hotel, Amsterdam

The annual meeting place for European revenue management and pricing professionals in travel. This established conference in now in it 6th successful year and will see senior-level executives involved in revenue management and pricing convene for 2 days of networking, knowledge sharing and learning.