Driving and building a culture of performance seen, believed and acted through multiple lenses for every individual can be a clear winner. The change is easier said than done. The system needs more time to ready the change than run the actual process.
With Multi-Rater feedback making inroads into the corporate realm, it is worth pondering whether it is a tool for the future, or if it has already become the necessity of the day, or whether it is an effective mechanism, and, if it in fact measures or reflects actual performance outcomes / perceived behavioural traits of an individual. With the advent of innovative business models, macro-economic trends and disruption, some of these questions have been gaining a lot of attention in the HR world. While some of the organisations have re-modelled their overall approach to measure performance, others are either thinking of following the trend, or looking to continue with their current approach, and inspect process improvisations in the time to come. Small incremental steps, one at a time seem to be the preferred choice for most of the companies.
A well-designed performance appraisal system has become the immediate need for organisations competing in today's global environment. An effective review system helps to effectively direct employee behaviour towards organisational goals, while ensuring individual growth and development. By 2020, India is set to become the world's youngest country, with a majority of its population falling in the working age group that is less than 35 years. With advancements in Artificial Intelligence and predictive data modelling, organisations are in a position to enable their young workforce with better cultural alignment, functional expertise and competency building on a real-time basis. Organisations are required to resolve a real-time problem and not go all out to address the ones with retro effect. While it is important to reflect on past results and achievements, it is equally critical to have forward looking conversations to address performance gaps that could possibly arise in the future.
An effective technique
Diese Geschichte stammt aus der March 2018-Ausgabe von Human Capital.
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Diese Geschichte stammt aus der March 2018-Ausgabe von Human Capital.
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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.
