Excerpt from a YouTube talk by Rich Bello about the importance of investing in employee talent through learning and development. Bello, an executive coach, argues human resources are a firm’s most important capital and recommends leadership training and coaching to raise returns on human capital and reduce turnover. The passage emphasizes firms (especially portfolio managers) often underinvest in talent despite expecting returns on financial capital.
Chapters
Oh, talent development. Yeah, absolutely. It's one of my favorite areas. I'm a coach, executive coach. I know you are as well. So you can appreciate this. You know, people talk to me about talent development. Never ceases to amaze me that they don't invest in their talent like they should. Now there's people are always talking about the great resignations quietly put in. And I tell people, yeah, they should resign if you're not going to invest in them and they're not going to understand that you care about them, they're going to go somewhere else if somebody else is going to care about them. So when I talk to human resources folks and leaders of firms, I let them know this is such an important. Human resources are your top resource, more than dollar capital. You don't have human resources to manage it, forget it. So what do you do with capital? You want to invest in it, you want to get a high return on it. The way to invest in your human capital is by learning and development. So the two things that we offer executive coaches, we have hundreds of executive coaches. A lot of these executive coaches focus in on just the hedge fund industry. We've got a lot of those. And we have leadership training. We'll do leadership training on all different types of executive function skills, communication skills like public speaking, listening skills, all kinds of skills. You should check it out, check out our website. And great for you to have this at your firm. So I know Arutra focuses a lot on the talent domain and we did get a chance to talk about talent acquisition earlier. Just curious to know your thoughts on talent development. Talent development, probably the favorite area of my business. I love talent development. I'm a coach. You're a coach, Executive coaches. And never ceases to amaze me how firms don't take this as seriously as they should. Especially firms that are portfolio managers that understand investable capital. You want to get a high return on investable capital. This is human. These are human resources, your most important capital that you have now to invest in human resources. That's learning and development. People understand that.
