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WHAT ARE THE MOST PROFITABLE COMPANIES TODAY?

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The most profitable companies– For any company to achieve profitability is a great achievement, especially for those arising from the venture. Then remember that, in the case of Mexico, up to 75 percent of businesses close before the end of the second year.

This according to information shared by Entrepreneur. Profitability opens the door to several important benefits for companies, such as the option to expand business operations. The ability to generate loans.

The ability to attract more investors and financing. And even the ability to hire more talent to continue growing. Currently there are only a few firms that stand out in this regard. We talk about the most profitable companies in the world.

Which are the most profitable companies in the world?

most profitable companies

As we share it in the graph of this day, that list so positive today is occupied by 6 prestigious companies that you may already know. And another that possibly not. Particularly the one that is unknown to many is the one that is in the first place, as can be seen in the image above.

The most profitable companies demonstrate the effectiveness of HR strategies

At present, the managers of the companies have to face important changes that happen at great speed. This new environment places organizations before the need to constantly improve their capacity for adaptation. And the flexibility of all their resources, processes and strategies. This aspect, together with new technologies and the consequent digital transformation, poses multiple challenges.

In this context, the IESE Business School and Meta 4 have developed the study Strategic Agility through Human Capital. Carried out through a survey of more than 120 managers of Human Resources of Spanish companies, to identify the challenges of human capital. And know what are the strategic actions that companies have taken to overcome them.

48% of the professionals surveyed acknowledge having to face human capital challenges. On the one hand, 28% say that the recruitment and retention of talent is their main current challenge. And on the other, 20% believe that today their biggest challenge is the digital transformation. Understood as the need to manage the change of mentality of professionals so that they adapt quickly to new technologies.

As the study reveals, companies carry out a plurality of strategies to face these challenges. In this way. 15% face these challenges by adjusting their compensation and benefits system. 11% are strongly committed to innovation and 10% develop strategic plans for digitization.

And training of their professionals. Companies also focus their human capital strategy on talent management (6%). Performance evaluation (5%), talent development programs (5%), HR management systems (5%) and in communication policies (5%).

Differential characteristics

most profitable companies

The results of this report show a direct relationship between human capital policies. And the performance of companies. For this reason, it is essential that the HR department implement policies. And practices to increase the commitment and adaptability of its organizations.

The study shows that currently 46% of the top 50% companies implement practices that encourage high employee engagement through procedures related to personnel selection training performance evaluation and variable compensation. They also offer time flexibility and responsibilities. And are committed to internal two-way communication.

In addition, 42% of these companies with higher performance promote the ability to adapt human capital through HR processes and practices. In this way, they implement HR processes that allow the development and compensation of professionals who perform innovative tasks.

Promote HR practices that the company can effectively readjust according to its needs; promote the skills of employees. And their ability to acquire new skills. And coordinate their workers internally and externally.

In terms of human capital, 46% of these companies employ high value human capital. That is they consider their professionals to be creative and qualified to face their competitors. And with regard to business strategy, 46% of organizations promote, in equal measure, both the innovation strategy. And the efficiency and cost leadership strategy.

The current situation is fundamentally characterized by the great speed at which our social. And economic environment is evolving. Which is why it is essential that organizations bet on what really contributes to their long-term professional value. To do this, they must adopt a human capital strategy that seeks excellence in terms of performance. Based on commitment to the project and its potential for development within the organization.

For Marta Elvira, head of the Puig Chair of Global Leadership at IESE Business School, and Paula Apascaritei, Doctoral, IESE Business School, the message is clear: It is well known that companies with the highest capitalization have an obsession with talent.

The only way to stay on top is to hire the right people and get their loyalty, constantly supporting the high potentials in capacity development throughout their careers. Therefore, the sustainability of the companies depends to a large extent on their ability managing these professionals with high potential and facilitating creativity through diversity.

The author is an expert on occupational training and a prolific writer who writes extensively on Business, technology, and education. He can be contacted for professional advice in matters related with occupation and training on his blog Communal Business and Your Business Magazine.

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