Talent Management
Myths & insights
The War For Talent
3 steps to stay competitive
DISC Styles
Change everything or nothing?
Rising Wages
Time to know your total cost of workforce
Talent Management
Myths & insights
The War For Talent
3 steps to stay competitive
DISC Styles
Change everything or nothing?
Rising Wages
Time to know your total cost of workforce
Talent is undoubtedly the biggest treasure of any organization.It is our human capital that can elevate us above the noise. So why do we treat talent like a commodity? This is something which needs to be discussed.
I frequently coach and mentor executives, which gives me a front-row seat on the issues organizations face. This includes how to evolve HR from a merely transactional function to a truly transformative component of the business.
With the direct rise in global opportunities, the Indian market is witnessing an exponential increase in the number of Small and Medium-sized Enterprises (SMEs). The contemporary SME sector is shifting from a mode of being economy based to knowledge intensive business systems and business leaders need to accelerate and rework their talent retention strategies. The TM specialists believe that this initiative would help employees to continue their careers for a longer time. Also, as per these experts, the purpose of such strategies should be targeted towards identifying, engaging, developing and mentoring talent.
It’s a battle that continues to gain increased attention – especially since the recent recession, creating a significantly reduced workforce who was asked to do more with less. Meanwhile, the market’s shift from manufacturing to service-based jobs accelerated, changing the nature of available work and the skills required to do it.
When I speak with HR and Training managers about the DISC styles, I often begin with two simple questions, “Number one, has your organization offered DISC training to the employees? If so, raise your hand.”
Frontline employees for companies conducting a substantial amount of work with Facebook are probably “liking” a recent announcement made by the social networking powerhouse. In May, Facebook announced a new set of standards for vendors and contractors with respect to employee pay and benefits. This includes a $15/hour minimum wage, sick time, vacation, a $4,000 new child benefit for new parents who don’t receive paid parental leave, among other things.
With any organizational change, commitment and communication have to be fostered throughout the implementation process. From the moment we have an idea about change, it takes a while for the actual change to occur. We say it out loud, have a conversation, map out a plan and it’s still going to be a long time before change is felt. So when companies choose to become more transparent in order to implement total talent alignment; they must understand that it is a process, not a 24-hour overhaul.
At companies everywhere, lack of employee engagement is a huge problem. Defined by leadership expert Kevin Kruse as “the emotional commitment the employee has to the organization and its goals,” employee engagement is an essential component of success, but it remains elusive at many organizations.
The other day I was chatting with a new college graduate, one who was expressing interest in Human Resources - specifically within the field of Compensation. After a while the question was raised whether I could describe the typical relationship and interactions between Line Managers, Compensation practitioners and the Finance function. This newbie sensed from their classroom experiences that a tense if not contentious relationship was commonplace.