At Work with The Ready The Future of HR: Slaying Your Company’s Org Debt Monster
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Oct 9, 2023 The podcast discusses the concept of org debt, its negative impact on organizations, and how it particularly affects HR. It explores hidden costs of org debt, strategies for addressing it, and the financial impact it has globally. The hosts debate the value of preventive measures and share real-life examples. The chapter also mentions the concept of Orgnet and provides references for further exploration.
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Adoption Checklist
- One woman's severance package was complicated by an international adoption.
- This prompted adding a checklist item, highlighting how single instances create org debt.
Invisible Cost of Debt
- Org debt persists because its cost is often invisible and not borne by the one creating it.
- This allows it to accumulate, especially in large organizations.
The Unread Report
- Rodney Evans describes a client who spent four days monthly on an unread report.
- Stopping the report reclaimed that time, demonstrating the impact of org debt.