The better companies treat their employees, the better they perform financially.
- According to Luis Arturo Rábade, Deputy Director of Master's Degree at Personnel Management Service of the University of Navarra, the response to the crisis "depends on an improvement in the management of the organizations".
"The most profitable companies on the stock market are those that treat their employees best. Therefore, an effective way out of the current crisis is to improve the management of organizations". This was emphasized by Luis Arturo Rábade, Deputy Director of Master's Degree at Personnel Management Service of the University of Navarra.
"Various programs of study have shown that companies that achieve higher profits are those where employees have job security, competitive salaries, attention equality and transparent information, among other issues," said Professor Rábade.
However, the global crisis has shown that companies are still not adapting to a new paradigm that means no longer conceiving of workers as a resource and that allows them to "perform, develop and innovate, an indispensable characteristic in today's market". I believe that "the best companies also generate better people".
Leadership, a fundamental element
Precisely, the new Master's Degree in Personnel Management Service of the School of Economics of the University of Navarra aims to provide a new approach in which the directors of staff participate in the strategy of the business so that "they are able to influence operations of Finance, Marketing, etc., becoming an internal consultant that works side by side with the General Administration".
It is therefore necessary for the top manager of Personnel Management Service to be a leader, that is, "a person with a strong will and a service attitude". In this way, in the current time of economic turbulence, "the leader will create the future".