Thursday, January 7, 2010
2)Bonus Barometer: Taleo Research
3)Talent Economics in Recession
4)Power of the Twitterville, Facebook Era and the Likes
5)Human Capital Bride Framework: Boudreau and Ramstad
6)Innovation in Employer Branding
7)Black Swan and HR
9)Managing Gen Y
10)Recruiting + Performance Formula
Thursday, December 3, 2009
Peter Drucker’s 4 Pronged Approach to Creating an Engaged Worker:
-Careful Placement and Promotion
-Demanding High Standards of Performance
-Providing Workers With Information
-Encouraging Workers to Acquire Managerial Vision
Rock’s (as stated earlier) 5 Social factors that trigger an Employee’s Commitment:
An attempt to Map the Two Approaches:
Status --- Careful Placement & Promotion
Certainty --- Providing Workers with Information
Autonomy --- Encouraging Workers to Acquire Managerial Vision
Relatedness --- Providing Workers with Information + Encouraging Workers to Acquire Managerial Vision
Fairness --- Demanding High Standards of Performance + Careful Placement & Promotion
Wednesday, December 2, 2009
Online Social networking is experiencing a shift in it’s value proposition from being just a personal keep in touch platform to a professional space where you can create cost effective solutions for non virtual i.e. real time business struggles or glitches.
Organizations are progressively utilizing the benefits of Online Social Media for escalating business efficiency.
These virtual spaces are helping businesses’ (to name a few)-
1)To study Consumer/ Employee Preferences or Behaviour Patterns for initiatives like new product development etc
2)To convince the Customers and Influence Consumers (reaching out to both customers & consumers) as well as prospective employees
3)Creating relationships with all target audience segments (Existing and prospective audience fragments)
4)Mitigating advertising & marketing budgets
5)Reducing recruitment costs
6)Create Quicker Processes and hence shorter turn around time
Businesses are able to consider solutions to the above without having to be in the same physical space.
But of course, there are always two sides to a coin. With all its disastrous disadvantages, businesses have to be treading these paths, of networking, wisely.
Monday, November 2, 2009
Rock lists 5 social factors that trigger an individual’s response: Status, Certainty, Autonomy, Related-ness & Fairness.
Assuming that his contentions are valid, we need to Map our HR processes to understand how we can satisfy the above employee desires.
Status --- Coaching & Mentoring Opportunities/ Promotions/ Recognition
Certainty --- Career Planning/ Performance Reviews/ Development Planning/ Employee Communication
Autonomy --- Ensuring sufficient decision making say (regular frank informal chats with the manager can ensure satisfaction of the same)
Relatedness --- Engagement Initiatives/ Involvement in Organizational Initiatives/ Regular Informal Discussions to know your employees & their needs better/ Internal Branding
Fairness --- Fair Performance Appraisal / Honest Practices
Thursday, October 29, 2009
Taking it from there, it is safe to say that it always takes something else to attract/motivate someone else..and that truth has a lot of relevance in the world of HR.
Contrary to popular belief it is not all about the money.
It starts at the first point of contact. Organizations, today, use various media to sell themselves to the prospective employees. Some use advertising while some use social networking. Whichever may be the media what counts is the power of the message. It is what the organization gets across in that one moment that can act as an incentive to accept/ refuse the proposal. Hence, reinforcing that first impressions count. The organization, here, needs to understand their target audience and walk the podium accordingly. The right EVP/ incentive (culture, salary, career prospects etc) need to be flaunted.
Act 2 i.e. the interview, the organization needs to set the right expectations in terms of what will matter most/ what will strike the cord with the prospective employee. So, if the cause of concern is job profile then one needs to market the profile accordingly and hence convert the employee to their religion and set of beliefs.
That was the incentive story to make him walk in to the jungle but the bigger question is what will it take to make him stay?
This is when we talk of engaging the employee to the heightened levels of excellence and commitment. By employee engagement I don’t mean the number of parties thrown in a year. The engagement process is everything that it takes to engage him and get him addicted to the organization. So you start the process when the employee walks in, ensuring an enriching induction & on-boarding experience, help him form the right relationships (friends at work), provide the required hand holding (mentoring), and most importantly acquaint him with the laws of the jungle (culture) thereby increasing familiarity. Once involved in his rich role (promised job profile), he would need time to time ego boosts to make him feel wanted. Hence, recognition plays an important role. If this is not enough then the performance reviews set the stage for career development. Even when it comes to learning & development, being learning centric is not enough. One has to know the pulse of the employees. You may conduct n*100 programs but do they work with them? You might want to equip them with the most boring of all and it can be done, it just needs to be done in the right way. Use books if they like to read, Use mobiles if they are pseudo techies, use videos if they like time pass, or use role plays if they feel they are born actors.
One could easily say that everyone has a different weakness and the organization needs to use these to their advantage. However, I feel differently.. I think that ’the organization needs to use it’s advantage to ensure that the organization in itself becomes every employee’s weakness’..
Levitt & Dubner said “people respond to incentives”.. Can we assume a scenario where the organization becomes the incentive?
Monday, October 26, 2009
Some possible examples:
Recruitment: These websites prove to be an effective talent search tool. These not only provide with an applicant base but also allow for background verification. Fortunately or unfortunately, they also provide a window into the personal preferences and interests of the potential candidates. Hence, this helps not only in reaching hidden talent but also finding a better match as there is a better understanding of the tendencies of potential candidates. These result in a better Source Value Index Score (%New Hires/ % of recruitment budget allocated to the source).
Employer Branding: These websites can be used as a tool for effective branding. Depending on the target audience/ potential talent pool, an organization can publicize its differentiated EVP with the help of online campaigns. Word of mouth publicity on such forums also helps as these comments are generally viewed by people other than those directly targeted. Hence influencing the behavior of more than intended. As a disadvantage, one small mistake can also lead to negative publicity amongst the target audience.
On boarding & Induction: These websites provide as a platform for creating communities which could be aimed at encouraging discussions regarding the organization, culture, management, opportunities, career ladders, formal & informal norms etc. Establishing & maintaining online mentor mentee relationships not only breaks the ice but also makes it easier for the mentor to be available for all queries as per his convenience.
Learning & Development: Social Networking Websites can be used as a stage to create learning groups, discussion groups etc. This can effectively facilitate formal as well as informal discussions on the subject. Such forums can facilitate sharing of personal experiences. Also, it becomes easier of leadership team to participate regularly as they can respond to queries at their own pace. These forums can also be used to generate a positive buzz about new and upcoming learning initiatives of the company and hence encourage greater participation.
Employee Engagement: could be encouraged by creating social employee groups and activity discussion forums where all employees can participate and give their respective views on initiatives, suggestions, ideas etc. Hence ensuring all opinions are valued. Also, it allows employees across cities and countries to share to keep in touch over burning and non burning issues.
Sigining off with: "The value of a social network is defined not only by who's on it, but by who's excluded,” by Paul Saffo, a Silicon Valley forecaster
Monday, October 12, 2009
We can make an attempt to apply his logic and rules to identify a methodology for successful employer branding.
Rule #1: Law of the few-Connectors, Mavens and Salesmen
Gladwell says that a lot of these trends are spurted by the influence of Connectors, who have vast networks and are highly responsible for creating people links, Mavens, who owing to their knowledge and expertise take the onus of helping people make sound decisions and Salesmen who use their charisma to convert their sale.
Hence an organization should identify such Connectors, Mavens and Salesmen within and outside the organization and make effective use of them to achieve a strong Employer Brand. Connectors could be existing engaged employees, satisfied alumni base, etc. Mavens could be recruitment consultants and Salesmen could be the Branding team who sells the case to existing employees and is able to build a strong case with the prospective employees.
Rule #2: The Stickiness Factor
The Stickiness factor, as defined by Gladwell, refers to a Unique factor which propels the phenomenon to stick and hence influence future behaviour.
Hence, an organization should work towards creating a Unique EVP which would stick and hence convince the employee himself/ Connectors, Mavens and Salesmen who would then work towards influencing the attitude of others.
Rule #3: The Power of Context
Gladwells says that every trend should be introduced in the right environment to be able to achieve its Tipping Point.
So, the organization should make sure that the EVP they are creating is friendly to the current state of employees in the market as well as the state of the business and industry. Hence, creating an EVP which is in demand at that point of time and not just something which is feasible.
Signing off with: "Any damn fool can put on a deal, but it takes genius, faith and perseverance to create a brand." - David Ogilvy