If you are a manager you profoundly understand the importance of a high performing team. When a team accomplishes the project goals you earn accolades and when your employees fail to meet the set target, you are disparaged. Today most business firms are striving to develop a more strategic talent [...]
Every investment in a business needs to be done judiciously to ensure maximum returns. Paying salary to employees forms an integral part of the company’s total budget hence, it’s crucial to frame a well-structured compensation plan that fairly meets all the vital criteria. You can always take the help of [...]
High performing employees are an integral part of a company. According to the CEB reports the high potential employees(HIPOs) contribute 91% more towards achieving the company’s goals than others. They are the business assets that every organization desires to retain for meeting their long-term growth plans. However, identifying, nurturing and [...]
Most people who hold a desk job in a corporate company tend to believe that strategic human resource planning is a piece of cake, but every hr manager in the world would beg to differ and rightly so. It is not at all easy to manage the manpower of an organization [...]
The corporate world has observed a major shift in the past few years; earlier it was all about investing money, getting clients and waiting for the business to flourish. Over the years, business owners have come up with innovative concepts and methodologies that help them in achieving the best for [...]
There is no denying the fact that an organization’s success largely depends upon its human resource management. An employee’s potential, aptitude, capability, and efficiency play an integral role in taking the company on the path of growth. In recent years Psychometric tests have been gaining ground in the industry for their ability [...]
The balanced scorecard is a revolutionary management tool that has transformed the strategy execution and strategic human resource management in many organizations. A system that helps a firm to set its key strategies right is reportedly being used by not less than 70% of businesses to achieve their strategic goals. Any [...]
During my interactions with business leaders, they often mention having experienced a sense of stagnancy after a few years of successfully running their organizations. Post the initial phase of success there comes a period where there are no upward spikes in the business graph. Customers are retained but you know [...]
It is observed that Career and Succession planning is still an ad-hoc and gut-driven process in many organizations (especially in mid-size and smaller organizations and surprisingly also in some large organizations). Since there is hardly any scientific process or foundation used in career and/or succession planning, I have observed that [...]
Performance Management ensures assessment of progress towards the predetermined goals, encompassing important facets such as performance parameters communication, agreement, and performance facilitation. The following generic steps would help most organizations to develop a strategic human resource management system. Performance Planning Development of 3 years rolling business plan Splitting the business plan [...]
