A good performance assurance model which supports measuring and recognizing contribution fairly across the organization, and, additionally providing an assured model of predictive performance will make it robust and proactive.
The culture of an organization enables the bringing together of people and their stakeholders for delivering a unified purpose or objective. It is important to define the organization values, disseminate the same from the Chairman to the workmen, practice hard and imbibe them as the enterprise DNA. Secondly, it is the right capability building model which ensures people have the right skill and will to deliver tomorrow's promises. Thus, a good performance assurance model which supports measuring and recognizing contribution fairly across the organization, and, additionally providing an assured model of predictive performance will make it robust and proactive. Blending the above three in the right proportion depending upon the maturity / readiness of the organization will create a winning enterprise.
Talent is a competitive advantage to achieve success in today's hyper competitive market. Given that every employee brings something unique to the organization, and, with almost 40% of the workforce expecting to change jobs within a year or two, does it become essential to us to revisit our Employee Value Proposition (EVP)? Organizations that use their EVP effectively are five times more likely to report their employees as highly engaged, and, twice as likely to report achieving financial performance significantly above their peers when compared to companies that use their EVP less effectively. How do we connect the dots?
The unique blend of culture
This story is from the August 2017 edition of Human Capital.
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This story is from the August 2017 edition of Human Capital.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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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.
