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Performance Factor

Appraisals get done by now for most organisations. The question now is how to translate these performance objectives into reality. Until now many organisations have focused on looking at historical performance management methods. If we drive looking at the rear mirror, we are very likely to crash. With plans in place, there is a need to look forward resulting in forward looking performance management. Anthony Politan says you can integrate what if scenarios with traditional budgeting and planning systems to change faster than industry norms and acquire a competitive advantage, Such an approach he says takes performance management to the next level. Visit this webpage to get to know more about taking performance management tot he enxt level. http://www.valuebasedmanagement.net/articles_taking_performance_management_next_level.html

Happy New Year

2008 is here. I like to wish all of you a very Happy New Year.

Some thoughts

I was watching the movie - I think Bourne Ultimatum and I liked the expression: Hope for the best Plan for the Worst

Transformations in HR

Is HR delivering on the promise of transformation? A great majority of the multinational companies globally have completed or are in the process of HR transformation. However many HR departments have yet to deliver on the transformation promise. There remains a significant gap between what is expected of HR leaders and what HR leaders deliver. Many research studies have reported that companies are being driven by the need to align the HR function more closely with business objectives and by the desire to offer more strategic support to the organisation. yet, the HR functions of very few companies are driving business outcomes. Many professionals from the financial profession view HR as a cost centre and one that is only essential for compliance. HR is not being seen as a strategic partner. Nevertheless HR executives perceive that they are spending more time on strategic activities. The two decades of work still does not show the impact of HR on business performance A small percentage o...

Competency based HRM

Traditional Human Resources Management emphasises job descriptions. This helps neither the organisation nor the employee. Job descriptions were part of the industrial age. With the pace of change now, we have to move beyond the industrial age. Competency based HRM's focus on competencies enables the reinventing of the HR department. Competency becomes the foundation of all HR efforts. A concentrated focus on Competencies can accelerate productivity gains. Over the next few eeks I intend to cover this subject beyond what is described in my book Competency Management: a practitioners guide. In the next blog post, we will talk about the transformations that are taking place in HR.

Learning the tools

I read the book Marketing Genius by Peter Fisk - a great book. Some of the ideas - Vision of Google, Rise of Starbucks, evolution of e bay and the focus of Apple make interesting reading.

Digital Natives Vs Digital Immigrants

I have spent the last few days in Melbourne, Australia. The days with academics in the University and some of the world's top CEO's of software companies was a refreshing experience. Who is a digital native? Most likely your children and Gen Y's. Digital Immigrants - needless to say it is more about people in their 40's and above. It was an interesting debate. The Parliamentary Secretary to the Prime Minister of Victoria made 4 important points: 1. Solution Pull is always more effective than Technology push. It is about soultions not how great the technology is. 2. It is always the simple things that win in the market place. 3. All it requires is to work till we exceed the threshhold to get success such as Hot mail. 4. User interfaces and learner needs are more important than the features of your product. The business world here is buzzing with several new initiatives despite the elections here.

Manage Your Energy not your Time

Time Management has always been a misnomer. We can never manage time, we can only manage ourselves with respect to time.That was a valid argument, I thought. Today, I read Tony Schwartz in this month's Harvard Business Review. He says most of us respond to rising demands in the workplace by working longer. This will inevitably lead to longer working hours and will take a toll on the physical, mental and emotional health. The core problem with time is that it is a finite resource.Energy is a different story. Defined in physics as the capacity to work, energy comes from four main wellsprings in human being: the body, emotions, mind and spirit. While the body is all about physical energy; the emotions about the quality of energy; the mind the focus of energy and the human spirit the energy of meaning and purpose. In each, the energy can be expanded by establishing specific rituals with the goal of making them habits. We can make it a ritual to exercise in the gym everyday as some of u...

The Poor Performance of Performance Management

Annual Performance Appraisals have always had mixed reviews. Managers do not like it because of the time consuming process and employees do not like it because of its perceived unfairness. The entire exercise loses the original intention of improving employee learning and performance and becomes a dreaded process. In a survey by New York based On Point Consulting, only slightly over 40% of line managers and HR Managers think there is value in a performance management process. While the tool by itself might be useful, the prevailing culture in an organisation is critical for its success. One way to improve is not to just do the annual appraisal but schedule quarterly meetings to discuss performance and make the meeting a feedback event. This requires managers to be coached. A successful performance management system should - 1. Help employees build their skills and competencies 2. Is consistently applied across the organisation 3. Uses a rating scale that enables differentiation of perf...

A great economist

We have talked about leading clever people, B players and preventing poor performance in the last few blogs. I was reviewing my old notes and then decided to check out what great economists had to say. Next week, we will see a quote from someone opposed to Keynes but for this week, I thought this quote from a great economist may make sense: "With the General Theory, as it became known, Keynes sought to develop a theory that could explain the determination of aggregate output - and as a consequence, employment . He posited that the determining factor to be aggregate demand. Among the revolutionary concepts initiated by Keynes was the concept of a demand-determined equilibrium wherein - unemployment is possible, - the ineffectiveness of price flexibility to cure unemployment, - a unique theory of money based on "liquidity preference", - the introduction of radical uncertainty and expectations, - the marginal efficiency of investment schedule breaking Say's Law (and thu...
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Preventing Poor Performance

We talked about Leading Clever People and Effective Learning in the last couple of blogs. Over the last few weeks I had the opportunity to read the outstanding book FREAKONOMICS . If you have not read it, you MUST. The book will help every reader - all of us redefine the way we view the world. The most important lessons I learned from the book - the world may be complex but is not unknowable if we just can ask the RIGHT QUESTIONS . All it takes is a new way of looking. I liked the concept of Broken Windows. I first read it in Tipping Point by Malcom Gladwell and now again in the FREAKONOMICS by Steven Levitt and Stephen Dubner. The concept first appeared in an article titled Broken Windows by James Q. Wilson and George L. Kelling, which appeared in the March 1982 edition of The Atlantic Monthly.The idea is based on the following example: "Consider a building with a few broken windows. If the windows are not repaired, the tendency is for vandals to break a few more windows. Eve...

Effective Learning

How do we get learning to take place in a most effective manner? Just list a few: Good Schools Good Teachers Action Learning Experiential Education Adventure Learning E Learning Instructor led Learning Active Learning Accelerated Learning FUN learning We can go on discussing the various ideas proposed. Over the weekend I was rewriting my book The Magic of Making Training FUN! and as I was surfing the internet, I was overwhelmed by the amount of literature available out there. The bottom line still seems to focus on Attention, Participation, Retention and of course Transfer of learning. Education Queensland highlghts five principles: In essence, the principles emphasise the need to: understand the learner; understand the learning process; provide a supportive and challenging environment; establish worthwhile learning partnerships; shape and respond to, a variety of social and cultural contexts Let us explore these in the next couple of blogs. How do we develop people into clever peopl...

Leading Clever people

Rob Goffee and Gareth Jones identify several things we need to know about leading clever people. It is essential to know the characteristics most clever people share, these collectively make them a difficult crew to manage. 1. They know their worth. 2. They are organisationally savvy. 3. They ignore corporate hierarchy. 4. They expect instant access. 5. They have good networks and are well connected. 6. They are bored easily. 7. They won't thank you and thye assume they know most of the things. 8. They are results oriented.

What it means to work here?

Signature experiences, Inclusiveness and Congruence seem to be the answer. The Harvard Business Review article by Tamara J Erickson and Lynda Gratton describes the need for every company to have a signature experience that sets it apart. In the War for Talent, many organisations talk about being employer of choice. Signature experiences explicitly communicate what makes your firm unique and can improve employee engagement and performance dramatically. My first question after reading the article was - are we doing that in our organisation? Matching other organisations with the right offer may be attractive enough to bring employees to the door but may not be good enough to bring great employees enthusiastic about their work and fiercely loyal to the organisation and its mission. To enhance the elements of engagement and to foster deeply committed employees, the following are needed: 1.A comprehensive understanding of the types of people who will be productive to the organisation over ...

How to stay calm when under pressure?

The answer is EQ. When you bring intelligence to your emotion, it is known as Emotional Intelligence (EQ). Emotional Intelligence is often rated as the single most important differentiator for success in a highly competitive world. It is far more important than IQ - intelligence quotient. More importantly, EQ can be learned. We from the SMR Group had the honour of having dinner with the Honourable Secretary of Energy from the Philippines. To him, the entire day was a compact day. He said that with a smile. Speaking at several high profile events and meeting top diplomats had not put him under pressure. The sense of humour, he displayed was infectious. I loved his lines when he remarked in jest – “if you can’t dazzle them with your brilliance. Then baffle them with bullshit.” Laughter is indeed a great influencing tool. I relate this as I have had a packed day and have another packed few days. I am just about to collapse into bed late at night – past 130 am. Just imagine how well you...

ARTDO Bali, Indonesia

I spoke at the ARTDO Bali Conference. Around 300 participants attended the event. While I wished the Conference programme could have been more engaging, the hosts were very hospitable. And, Bali was wonderful. I happenned to read the monograph from Hay Consulting who were exhibiting at the event.Two key statements from the monograph attracted me: 1. The phrase 'our people are our greatest asset' may sound like a platitude, but the evidence is that this is true. 2. In evaluating CEO's, accountability for human capital is a key differentiator. What do you think?

Flexicurity

The European Commission has presented a green paper - flexicurity - to balance flexible contracts with the need for job security. This system has been hugely successful in Scandinavia. The unions and employers have been unimpressed.

Talent Management

Talent Management: Don't forget the B players There is so much focus on the War for Talent. Everyone talks about the looming talent crisis. Stars, A players and the top 5% hog the limelight of all discussion. What about the B players? This afternoon I presented a tele seminar on the subject and late at night I was reading the magazine from the Institute of Personnel & Development, United Kingdom. The article Room for Growth made a huge impression on me. The story about Hilton Hotels learning strategy coincided with my thoughts on the subject. The international hotel chain believes it has internal talent that it needs to focus on. The business results have been impressive. The Company's long term plan is to fill 80% of its senior positions from within.

Mobile Learning

M-learning , or "mobile learning", now commonly known as "m Learning" promises to be the next learning revolution. From a survey of literature, it looks like it means different things to different people. Even though it seems to be close to e- learning and distance education, the primary focus seems to be on learning across contexts (learner mobility) with mobile devices . One definition you commonly find on the Internet is “ Learning that happens across locations, or that takes advantage of learning opportunities offered by portable technologies.” We talked about collaborative learning in the past blogs. We have a m learning product coming out next year. The last couple of days I have talked to at least three collaborators who seemed very excited about accommodating and supporting the learning of an increasingly mobile population. Imagine the difference we can make to learning in countries such as China, India and Indonesia. Their huge populations are connected to...