World Class Hr Practices

Excellence unLimited, Rajkot 1


Grooming

HighPerf.WorkForce

Entry

CreatingFuture

Leaders

Succession

Planning, Next

Generation

CEOs

Stage wise, they are . . .

WorkEnviron.


Entry or Recruitment : ( Bottom up or Lateral )

Don’t hire someone unless you’re %100 sure that he/ she is the right person. ( Right man for the right job ) It’s better to wait and get someone that you know is a good fit.

“ First Who . . . then Where and What ”( Right people on the bus, wrong ones off )~ Jim Collins in “ Good to Great ”

Also pay them adequately.It is well known adage –“ If you pay peanuts, you get monkeys ! ”


As is true in Marriage – “You don’t get an ideal partner, but have to make one”

Grooming ( Includes Training ) :

So is true in employment :Consider your Human Resource as an asset and slowly

build on it.

Human Capital is only asset that is not reflectedin the Balance sheet ( Though a few progressive

companies show HDI )

We seldom train people, even if we do,We do not measure Training Effectiveness !


It is responsibility of Management to providea healthy work environment.

Work Environment

It begins with Equal Opportunity employment,devoid of caste, creed, religion, gender and ethnicity

considerations.

Healthy work environment includes Workplace health, safety and security.

From recruitment, wage fixation, increments, job rotations, deputations and promotions, a totally

merit based system should prevail.


Corporates be first clear what they want to be ~ VMV

How to Build High Performance Workforce ?

Build Corporate Strategy and HR Strategy

Build Corporate SMART goals

Percolate Corporate goals : Chairman to Watchman

( By inculcating Accountability and Rewards & Recognition )

( Contd. )


How to Build High Performance Workforce ?

Define Performance Management System ( PMS )

Review Sr. Leaders’ Performance by 360’ feedback

Encourage Staff by Variable Pay system

( By inculcating Accountability and Rewards & Recognition )

Measure and improve Employee Satisfaction ( Gallup )


Responsibility of current Leaders is to createfuture leaders .

Creating Future Leaders

Tools available are - identifying a Talent Pooland to groom them by special Projects assignment,Job rotations, Multi-tasking and Multi-skilling,Mentoring and hand holding.


In Indian scenario, neither political leaders, norbusiness leaders think in terms of Succession Plng.

Succession Planning, next Gen. CEOs

In Military, there is always a 2nd line of defense !

Let us learn from Infosys, where N R Narayan Murthystepped down as CEO ( became Chief Mentor ) andpassed on baton to Nandan Nilekeni.


Thank You

Hope some of these World Class practices will inspire both industry as well academicia to adopt as well include in their curricula.

World Class Hr Practices

Documents

Transcript of World Class Hr Practices