Appraising the Intrinsic Value of Employees: A Workshop by JS&D Consultants at COMSATS University Islamabad
JS&D Consultants recently held a workshop at COMSATS University Islamabad, targeting HR professionals, departmental heads, decision-makers, and management staff. The workshop focused on understanding the fundamental concept of intrinsic value in the context of human development. The session aimed to provide participants with a clear understanding of intrinsic value, and how to effectively appraise it by using different tools and techniques.
Understanding Intrinsic Value
In the finance and economic perspective, intrinsic value refers to the inherent worth of an asset, individual, or process. However, when we talk about employees or an organization, it’s the sum of employee skills, organizational culture, or internal processes that contribute to long-term success. The workshop began by exploring the fundamental concepts and terminology, key factors in appraising intrinsic value, tools and techniques for evaluating the intrinsic value, and emphasizing its importance in making informed decisions that benefit both for organization and employees.
The Necessity of Appraising Intrinsic Value
The workshop highlighted why appraising intrinsic value is essential in today’s workplace. Recognizing and nurturing intrinsic value helps organizations identify and build on their strengths. It also ensures that resources are allocated effectively, leading to better outcomes and sustainable growth. Participants learned that by understanding intrinsic value, they could better align their strategies with the organization’s core values and long-term goals.
Tools and Techniques for Appraisal
JS&D Consultants introduced various tools and techniques for appraising intrinsic value. These included qualitative assessments, employee feedback mechanisms, color-brain communication cards, and performance metrics. By using these tools, management, and decision-makers can gain a more comprehensive view of what drives their organization’s success from within.
Benefits of Appraising Intrinsic Value
Organizations that effectively appraise intrinsic value can achieve a wide range of benefits, including improved employee satisfaction, fostering a healthy culture, employee engagement, retention, and enhanced decision-making processes. The workshop emphasized that when intrinsic value is recognized and nurtured, it leads to a more resilient and adaptive organization. The workshop also highlighted that it is not the responsibility of a single individual or department, it is a collective effort that involves leadership, management, and staff working together. The workshop encouraged participants to assess the intrinsic value of employees based on their skills, competencies, potential, and contributions.
Value Added by JS&D Consultants
JS&D Consultants brought significant value to the workshop by providing practical insights and tailored advice. Their expert opinion helped the leadership to understand the significance of appraising intrinsic value and develop strategies to enhance employees’ productivity by fostering a supportive and open culture.
