The war for talent has existed since time immemorial. Only, it has become all the more competitive and fierce today. And, with the very definition of competition changing altogether viz. Ford competing with Google and Apple, Marriot competing with Airbnb, etc., and the talent pool remaining the same, it shall continue to be all the more fierce.
The war for talent has existed since time immemorial. Only, it has become all the more competitive and fierce today. And, with the very definition of competition changing altogether viz. Ford competing with Google and Apple, Marriot competing with Airbnb, etc., and the talent pool remaining the same, it will continue to be all the more fierce.
Challenges faced by organisations
Some of the challenges faced by an organisation vis-à-vis talent today are:-
Recruitment: Finding the right candidate - right in terms of culture, personality, and the identity of the organisation, and, who would fit in their organisation, and be productive for a long time. And, once you find them, how do you entice them to be a part of your journey? Showing and selling them purpose, will be the key in getting them on board.
Talent Management: Hiring the right candidate is half the battle won.
However, there will be recurring challenges to retain and manage them, and, if there is a significant mismatch in terms of culture and values, and, when organisations fail to provide them with a purpose, and, hand them the opportunity to expand and grow with right guidance and support without being micromanaged.
Old performance ratings system: The traditional performance review generally follows a set practice - goal setting at the beginning of the year and a review by the front line manager at the end. However, this format poses certain challenges. Firstly, since reviews are done at the end of the year, there is every probability of the so termed "recency bias" to creep in. Recency Bias refers to the idea that more often than not, only the most recent behaviour or accomplishment of an employee will be remembered by his/her manager.
هذه القصة مأخوذة من طبعة September 2017 من Human Capital.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة September 2017 من Human Capital.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Continuous Learning For Growth
Of late, for organizations particularly in the service sector, people have become the strategy. And, if that is the case, the Learning and Development (L&D) department in organizations, and the industry in general, is likely to witness significant growth in 2017 and the years thereafter.
Creating Open Spaces And Minds
As the boundaries of life between work and home continue to blur, employers and employees are sitting up and are noticing the ways and means to offer and avail a worthwhile experience at the workplace.
Striking The Right Balance
In 2017, an employee in the HR Department of a leading global company received an excel sheet attachment in his official mail. While the content seemed harmless, it was in fact a well disguised Ransomware attack which had in fact placed several companies worldwide in the dock. Ransomware attacks targeting HR departments across the globe have since been in vogue since they possess valuable employee data which can be used to commit crimes such as tax frauds and the like.
The Multifaceted Advantages Of AI
AI can speed and automate data collection, make fundamental observations, systemize HR issues, and differentiate customer and employee profiles. But, corrective measures and final decisions can only be approved by people who can understand how to leverage AI tools to acquire accurate information sans the noise and interpret them the right way.
Engagement Surveys: A Means Or An End?
Surveys are not merely a way to check the pulse of the organisation; they should ideally be used as vehicles to improve the organisation culture, people practices and employee experiences which gradually translate into business success.
What Is And What Needs!
The idea of the best fit works only in a perfect universe. In reality, what talent specialists and hiring managers should focus on is getting the close fitment. They should work with an approach that bridges the gap between what is (available) and what needs to be (done).
A Matter Of Strategic Timing!
The term 'work-life balance' has become a popular chant for all working professionals today. A world of different opinions continue to pervade our lives, with one actually affirming that there truly is no direct relationship between the parallel worlds we live in.
Picture Out Of The Frame
A few months ago, Moon Jae-in, the President of South Korea, made an unusual announcement.
Analysis
It is paramount for a pharmaceutical company to meet the business requirement of regulatory compliance.
How Can They Fire Her?
It is a common phenomenon in the corporate landscape to misinterpret the inability to respond to a query by a Manager as a serious lapse which at times leads to termination of his/her services. As a fallout, not only do they risk losing out a person with superior managerial skills, they also dampen the spirit of the juniors in her department, leading to sinking morale and reduced engagement.
