Giving Compass’ Take:
• LifeCo UnLtd., a social entrepreneur support organization, shares three of its biggest mistakes in understanding talent and harnessing human capital.
• How are donors driving progress in supporting social enterprise talent?
• Here are the 35 social entrepreneurs to watch in 2019.
Our 20-year-old social entrepreneur support organization, LifeCo UnLtd, has recognized that the importance of harnessing human capital is central to our mission. Since our inception, we have committed time, energy, and resources to recruit, retain, and develop the right people to deliver on our mission.
Over the years, we have made many mistakes and have felt their full impact.
Here are our top three landmark blunders and what we learned from them.
1. Holding on
Holding on not only compromises organizational and team morale, but also the individual who has wasted their time, energy, and talent in a misaligned opportunity. Holding on has blown up in our faces and cost us far more than if we had the courage to let go.
2. Turning a blind eye
A closely related mistake is turning a blind eye and not confronting reality. For example, we noticed that a highly skilled, talented team member was not as connected and engaged as they used to be. Something had shifted, and we didn’t know why. We chose not to confront the person for fear that it may lead to a conversation about them wanting a change, or—heaven forbid—wanting to leave, which might upset the current team dynamic or hamper operational delivery. If we had been courageous and had the conversation, I believe we would have had a very different outcome; instead we lost the opportunity to build a workable solution for all.
3. Giving in to pressure
We pride ourselves on building recruitment and retention strategies that give us the best outcomes, and they are constantly up for review and refinement. Yet we have caved under pressure, whether from potential candidates who complain that our processes are too intensive or from operational demands that want the position filled yesterday! We have compromised the very process we have so painstakingly built and wondered why we didn’t get the desired result.
Read the full article about unleashing talent by Carmen Di Rito at Stanford Social Innovation Review.
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