Wednesday, January 09, 2013
Saturday, January 10, 2009
Slowdown can get you more garbage
There's something so fundamental about attracting & engaging talent that market conditions seldom play significant role here. You have to answer one simple question, "why should someone join your company" and this question remains valid as long as the number of workplaces in the world do not shrink down to one.
So in absence of this answer, it would remain a challenge to attract & engage talent. Do not mistake attracting & engaging talent with hiring, so may still be able to hire. But its highly expensive to run the company with just hired employees and not the "attracted & engaged" ones. The behavior of engaged employees is very very different from the hired ones and most of the time when you are complaining about your employees its this difference that you are talking about.
So lemme add a few pointers about how you can try to build attraction:
1. Its a no brainer that if you can contruct a clear strong core purpose around your business existence, nothing attracts better. NGOs, Revolutionaries use this always.
2. You can be bigger than your competitor thus can offer people learning, training, handholding, bigger team, clear growth path....or you can be smallere than your competitor thus can offer them flexibility, multitasking opportunity, nearness to top management, less hierarchy etc.
3. You can be easy to reach office, fewer day's work office, no-office, fun office, open office, food at office, green-office, garage-office, but it must be attractive for one reason or other.
4. Again a no-brainer, talented people would expect you to know your numbers right and if your numbers seem too less for even their ambitions, they may not get attracted. When was the last time you got excited because someone was a chasing a business idea that could get as big as Rs.10 Lakh.
These are just thought triggers, point is, you must find answer to "why should someone work for you" to be able to attract talent. Is that enough? I am not sure, but its the essential. Till then keep hiring :)
Thursday, November 13, 2008
HR in the Times of Slowdown
Slowdown may not be all that bad for organizations if they retain the balance to pull out all those quadrant two items that never saw daylight during long period of growth.
Here’s a list of things that HR departments may want to run through;
1. Take time from CEO and run through manpower plan just in case it was given to you before mid-September 2008.
2. If you’re still hiring, take a hard look at salary structures that you’d offer. You’ll be surprised how much de-risking you can do for your organization now.
3. Offer a salary correction rather than raise at interview. Remember if all assets were over valued, so was human asset and there is no reason that later shouldn’t get corrected. My guess is 20 – 25% correction is a fare call.
4. Functions where deliverables can be easily measured, keep performance linkages to payouts. You can provide for higher payouts on better performance considering value of high performance during slowdown can be much more than usual days.
5. It’s a great time to test senior management commitments, propose a salary cut. Up to 15% salary cut doesn’t hurt anyone’s lifestyle at senior level.
6. While you look at costs, please note that cutting a few cups of tea may not impact costs much but can cause discomfort to large part of the team, so avoid high visibility low impact calls.
7. This is a great time to bring everyone’s attention to performance. Leaders can inspire people to deliver unexpected performances in tough times. This has been seen during wars, natural calamities time and again.
8. Lastly do not stop smiling, playing, movies, rewards, recognitions. Interact with teams regularly and in high spirits. Listen to some Bob Dylan...times they are a changin... :)
Saturday, January 05, 2008
HR can build a business
One significant contribution that plugHR team seems to be making at these places is forcing discipline across levels. Need to make a manpower plan is forcing founders to write their business plans. Policy structure document is making neurons work overtime and we have tried to save the organization from ever changing Amoeba. Can't say we've succedded all along, but attempting is pretty much half way through.
So when start-up goes on overdrive, you better have plugHR on the navigator seat :)
Wednesday, December 26, 2007
The Economic Times High Flier talks of plugHR
Here is the article copied and pasted below verbatim:
PLUGGED GLORY
Working in the telecom sector, post a degree from Symbiosis, specialising in marketing, basically means that your life is set for the next decade or so. And when other leading MNCs come to you and offer you a better job on a platter, would you jump to take it or ponder over it and refuse the job offer so that you can start something on your own? Prashant Bhaskar decided he rather take a chance then sit in a cubicle and work under someone. “It was during my early tenures, many CEOs and HR professionals expressed the need of grappling with the task of hiring and holding people. I realised that while hiring had got enough attention, there wasn’t much help available around holding people. It seemed like an untapped business opportunity and I got down to creating products around this,” recalls Prashant Bhaskar, Founder & CEO, plugHR. Starting something completely out of one’s skin seems like a difficult job. Though Bhaskar could have opted for any job he wanted, he decided against it. He says working under someone else doesn’t really allow one to innovate, take risk and attempt exceptional rewards. Does Bhaskar miss applying his educational knowledge at work? He disagrees, “Education is never a waste. I do not regret not taking those high paying jobs as I felt that I served my ambition.”
