Throughout the ages, men in positions of power have sought, somewhat in vain, for the best ways to utilize the human capital at their disposal. Ancient Rome enforced slavery, medieval kings relied on serfs and modern society rests its hopes on Capitalism, Communism or an admixture of the two.
Somewhere outside these traditional forms of human resource management lies the concept of narconomics. While not formally recognized by the likes of Harvard Business School or the London School of Economics, narconomics is a spectacularly successful business enterprise that generates billions of dollars in annual profits.
The concept has been most successfully employed by several drug cartels located in northwestern Mexico. These enterprises are international operations that are still developing new products and expanding into new markets. As such, it has significant human resource needs and reputedly hires, trains and fires thousands of unskilled workers every year.
This new breed of entrepreneurs does not, however, rely on the tried and true methods of human resource development. In fact, their retirement benefits are decidedly unattractive. While their success cannot be disputed, their system is not without risk. Read more on “Narconomics – Of Cartels and Men“…
Another Idea
More traditional businesses, without the resources of the narcotraficantes, should explore the more conventional routes for meeting their HR needs such as computer-based human resource information systems (HRIS) or third-party, professional employer organizations (PEOs). Either of these solutions offers the best in 21st century technology, improves employee performance and, most importantly, delivers outstanding results to the bottom line.
