HR Simulation: The Golden Ratio
When people talk about the golden ratio, they are usually speaking about phi, the irrational number. Images using this number are easy to spot and usually pretty well known. Some of the more popular examples are the Parthenon, the Fibonacci sequence, the Great Pyramid of Giza and the pentagram. The structures using this ratio are some of the most impressive in the world; the architects and builders took materials and used a guideline to create amazing engineering feats.
In business there might also be a golden ratio of sorts when it comes to Human Resources and budgets. Some of the general guidelines to using the materials provided, i.e. money, are simple enough: do not invest everything in wages, make sure to invest in safety and quality, etc. However, these guidelines are not enough. To truly be in the scope of the architects of the Parthenon and the Great Pyramid of Giza, there has to be a more refined method to the ratio of program investments planned by a Human Resources Department. But, until someone discovers the golden ratio of Human Resource budgeting, we will be left to educated guesses and some beneficial planning.
Comments
Posted by: Vitaliy Neyman
Posted on: November 9, 2006 11:16 PM
You made a very interesting post. The golden ratio in human resources sounds like it has the potential to be a very intriguing paper. I hope you expand on this idea in future posts.