Human Capital Strategy for Social Enterprises

When scaling a business, many entrepreneurs consider the financial capital they’ll have to raise. However, a social enterprise’s ability to succeed in complex markets is also contingent on its human capital.

Developing strategies to attract, retain and develop employees can give a business significant competitive advantage. This course will lead you through the basics of developing a human capital strategy.  You’ll learn how to intentionally design your company’s values and culture, recruit and hire the right people, adapt your organizational structure as you scale, and build effective teams.  You’ll also learn how to structure compensation, manage employee performance, and offer relevant professional development.

This course is ideal for early stage entrepreneurs thinking about how to build and grow their teams in impact-driven companies.

What You'll Learn

  • Develop organizational values and culture intentionally
  • Learn practical tactics for recruiting, interviewing, hiring and firing
  • Draft your organizational structure and plan for how it will adapt over time
  • Structure monetary and non-monetary compensation so that employees feel valued and rewarded
  • Gain strategies to implement professional development programs and manage employee performance

Our Course Partner

Foundation_logo_preferredThe Hitachi Foundation (THF), which was active from 1985 through the end of 2016, focused on business practices that both measurably improved economic opportunities for low-wealth individuals and enhanced long term business value. The Foundation’s closing strategy included a planning process that lead to the Good Companies, Good Jobs approach which aims to address a critical question of our time: In this rapidly changing workforce environment, how do we make work work for the many who feel stuck and left behind? The strategy transitions financial, intellectual and human capital assets into three mission-aligned organizations: the Economic Opportunities Program at the Aspen Institute; the Institute for Work & Employment Research at MIT’s Sloan School of Management; and Investors’ Circle.

 

COURSE CONTRIBUTOR

Anne-Claire Broughton Headshot Close up Anne-Claire Broughton is Principal of Broughton Consulting, LLC, a firm which helps organizations engage employees at all levels for business success through open book management, employee ownership, and healthy organizational cultures. Broughton is active in educating retiring business owners about the possibility of exiting via an ESOP or co-op. Publications include The Hitachi Foundation’s Human Capital Advantage: A Curriculum for Early Stage Ventures (upon which this +Acumen course is based), The Hitachi Foundation’s Business Action Guides to innovative employee engagement strategies, Employees Matter: Maximizing Company Value Through Workforce Engagement, and Embracing Open Book Management to Fuel Employee Engagement and Corporate Sustainability. She previously spent more than 13 years advising early stage business as Co-Founder and Senior Director of SJF Institute (a business accelerator affiliated with SJF Ventures and Investors Circle).

Frequently Asked Questions

HOW MUCH DOES IT COST TO TAKE THIS COURSE?

It’s Free!

WILL A CERTIFICATE BE AWARDED UPON COMPLETION OF THE COURSE?

We will provide a Statement of Accomplishment for individuals that complete all requirements.

WOULD THERE BE A TEACHER OR A FACILITATOR FOR THIS COURSE?

No, there will be no in-person teachers or facilitators for this course, but you can ask questions in the course discussion forum.

WHAT ARE THE TECHNICAL REQUIREMENTS?

This course will be provided by a platform called NovoEd. Please review ‘NovoEd Technical Requirements and Browser Compatibility’. They have additional information on Mobile Compatibility and Low-Bandwidth Support.

You need a computer that allows you to watch videos through this platform, download our course materials (PDF reading) and the ability to upload your assignments.

WHAT DO YOU MEAN BY 'TEAM'?

You can take this course either in a team or on your own. +Acumen course is designed to facilitate peer based learning experience and you can review more in this ‘Guide to Getting Started with Your +Acumen Course Team’.

If you are interested in taking this course in a team, you can either (1) invite your friends/colleagues to take this course with you or (2) Join and participate in the course platform to find other learners to be in your team (we will provide instructions on the day course starts)

IF I TAKE THIS COURSE IN A TEAM DO MY TEAM MEMBERS NEED TO BE IN THE SAME LOCATION?

We recommend signing up with a team that is all physically located in the same place. Much of the value of this course derives from the in-person, peer-to-peer learning that happens between team members. With that said, we have had teams cover many of the team discussions over Skype or Google+ hangouts so it is possible to have a remote team.

Remember, all members of your team need to individually register for this course.

WHAT IS THE IDEAL SIZE FOR MY TEAM?

We generally recommend a team of 3 to 6 individuals. If your team is too big, it can be more difficult to coordinate schedules and conduct team sessions together (to work on the assignment together) for all of the modules.

More Questions?

Please contact courses@plusacumen.org

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