Skip to main content

HR POLICIES: HOW DO YOU KNOW THAT YOUR COMPANY IS GOING TO CRASH

When a company become dominant in a market, their real threats often are not competitors but mistakes they make. The better matched your people are to their jobs, the less of those there are. The financial industry didn't slide because the housing market collapsed; the housing market collapsed because someone put idiots into senior executive jobs. The blockbuster expose asserted that Microsoft had lost its creative mojo -- which it had failed to launch significant new products for almost a decade during which it has been repeatedly beaten in the market by its competitors. Many of the problems Microsoft has faced this decade go back to bad hiring and internal job placement decisions it made last decade.  It noted pointedly that every single former Microsoft employee interviewed for an article had blamed the company's problems on a Human Resources management practice known.

The problems come when a company's HR message is out of tune with reality; Employees quickly learn to distrust a company if they're consistently telling them they care about people when this is intrinsically not the case.

If you find the below policy at your organization be sure that company is going to crash:

No Promotion in the Company
Smart people are career oriented and don’t bother what the hell is going on in the company.  When learn there is no option for growing they start searching for new venture and move very soon.

Internal Replacement
When a smart people leave, internal candidate replace the position.  Cat takes the position of Tiger. Implicit cost for job is huge and often disaster.

Stacking - Insulting Performance Review Processes
If you give your managers a bell curve and tell them that only a certain percentage of employees can be rated top performers, another percentage average performers and so on, then you are literally designing mediocrity into your team. Is that what you want? Stack ranking is an abomination and the opposite of a leadership practice, since it pits employees against one another instead of encouraging collaboration.

Impenetrable Pay Structures
The real world is moving too fast for old-fashioned pay grades and bands, much less hidebound policies that red-circle or limits an employee’s ability to earn more money even when he or she is contributing massively to the organization’s success. I doubt that your CEO and his or her team get paid according to a chart on the wall in HR, so why should anybody else? Worse yet, many employers are anything but transparent when it comes to the topic of pay.

If an employee asks “What would I need to do get a decent pay raise?” and the answer is “Nothing you can do will get you more than a three-and-a-half-percent raise this year” expect your company to be a revolving door for talent — if you can get talented people to work for you at all.

Finally, a company's success is founded on the quality of its employees. If you don't assure and protect that quality, it doesn't matter how successful you were, your best years will always be behind you. Assuring the quality of employees should be job one if a company wants to be successful. Assuring a company find, hire, and can retain and protect the best people is a great foundation for sustaining a great company regardless of size.

[collected]

Comments

Popular posts from this blog

MARKETING TODAY IN DIGITAL SPACE

Interviewer to a candidate, “Do you have any leadership quality?” The candidate replied, “I believe so. I have 87 followers on Facebook.”
I think this joke clearly illustrates how digitization has impacted our everyday lives. One of the things we do first in the morning is to check our mobile phone’s notification bar. While working, eating, even in a close social gathering, we tend to check our mobile phones repeatedly. ‘What did I miss? What did I miss?’. Moreover, we tend to easily believe what we see in social media, especially, on Facebook. We rarely check the authenticity of the news or content. Why? It is because 1.2K people that I don’t even know and 54 people from my circle (maybe) liked the post. Strange! Yes, this is an alarming scenario.
One of the commonly and frequently used IMC (integrated marketing communication) terms is 360 degree marketing approach. Yes, 360 means using all possible communication channels at once to push certain message(s). Good idea. And I’m not agai…

ESSENCE OF ENGAGEMENT IN DIGITAL SPACE

Once again, I’m not a social media marketing expert and I don't pretend to be one. My social media marketing knowledge is limited to the things I learn everyday by observation. Many of you have already gone through my previous blog namely, ‘Marketing in a Digital Space’. Those who didn’t get the chance to go through; don’t sweat. You may read it from the link below: http://meet-ehtesham.blogspot.com/2017/04/interviewer-to-candidate-do-you-have.html
That article was about the principles of promotion when you are in digital space. It mostly tells you about “going digital and acting normal”. At the final paragraph, I mentioned that we should put more and more WOW elements in social media to be successful. There were other points as well. But this is the toughest and most important of all.
Very recently I have conducted an experiment. Let me give you the background first. I have almost 700+ friends and 1K+ followers on my Facebook. My posts are usually pretty boring and hence very few…

ADVERTISING SIMPLIFIED

That day, I was going through an article which says that 38% of US adults use ad-blockers in their mobile phones and 0.35% average display ad click-through rate. Furthermore, Havas Media Group UK has already frozen spending on Google and YouTube. Another research shows that general visitors of different webpages (in desktop version) cannot recall any brand/communication/contents that are placed in the right side of the website. Can you imagine this? So, what are the ways to overcome this? Many advertisers these days are coming up with some phenomenon infotainments, infographics, interactive contents, etc. through different media channels (both conventional and social media) to keep their customers engaged. But how successful they are?
I don’t consider myself as a creative person. Moreover, the marketing knowledge I have is the very basic. So, pardon me if I sound loud to you. In case of developing a creative/ad, I personally follow a simple theory. Trust me, it helps a lot. The theory …