Bain’s Macro Trends Group estimates that global
financial capital has more than tripled over the past three decades and now
stands at roughly 10 times global GDP.
Indisputably, finding Financial capital is easy these days. It is superabundant. As its supply is far more than the demand, it is cheap. Skillful allocation of financial capital
is no longer a source of sustained competitive advantage for enterprises. There
is a scarcer resource that business owners don’t focus much on or track in
their annual balance sheets but which invariably has a greater impact on the
businesses - Human capital.
The assets that are in short supply at most companies are the
skills and capabilities required to translate good growth ideas into successful
new products, services, and businesses—and the traditional financially driven
approach to strategic investment has only compounded this paucity.
is a bigger crisis than unemployment”, said an India Labour Report a decade
back and this still continues to be the challenge for the country which has
launched into the Make in India mode lately.
A country-wide survey found that only 25% of the Indian
professionals are considered “employable” by multinationals and the difficulty
of employers in India to fill job vacancies had increased to 67% in 2011. The
situation has only worsened ever since.
exactly are employers looking for? Personal attributes like a positive
attitude: a ‘can do’ approach, good work ethic and willingness to learn, good
personal presentation, honesty and integrity, reliability, timekeeping and
personal organization, team working, collaboration and co-operation, flexibility,
commercial awareness and customer focus are considered as essential skills.
Other skills include, communication – oral and written, numeracy and computer
human capital is a drastic challenge today, there is an urgent need for managing effectively the available human capital if enterprises intend to lead from the front. Unfortunately, unlike Financial capital where metrics like ROA, RONA, ROIC, ROCE, IRR, MVA, APV etc. are available for measurement, there are no significant measureable metrics to gauge the value, growth or decline of Human capital.
Broadly speaking, human
capital is the sum total of the time, talent and
energy of the workforce in an enterprise.
the rescue - Office365 MyAnalytics
Microsoft MyAnalytics, can provide detailed reviews of how
we use time.
MyAnalytics is an application that analyzes data gathered
from user activities within Office 365 to provide users with an insight into
how they use their time dealing with email, attending meetings, and interacting
with key contacts. It is an information discovery and knowledge tool to track
your time, because that’s the valuable resource you have.
The concept underpinning MyAnalytics is that by observing
and understanding how someone interacts with the components of Office 365, you
can build up a picture of their day-to-day activities. You can also compare how
they spend their time against an anonymized set of data drawn from other tenant
Based on data drawn from across Office 365, Microsoft knows that
the average office worker spends up to 20 hours per week working with email
while senior managers will be glued to their keyboards for between 40 and 70
hours. Your data might vary!
All of the data used by MyAnalytics is available to users if
they care to look. For example, it is possible (but tedious) to count the
number of messages you create and send. You can also figure out how much time
is taken to respond to other people within your company by looking at the
timestamps in message headers and calculating the difference between when a
message was sent and when a response was generated. The same is true when it
comes to analyzing the number of meetings you attend, who also attends, the
topics discussed, and the outcomes. You can assess whether meetings were
effective, ineffective, or just so-so.
MyAnalytics is included in the Office E5 plan. MyAnalytics
is also available as an add-on for the E1 and E3 plans.
- based on some articles in HBR and
another article in IT Pro Windows