Succession planning is the process in organization development wherein suitable employees are identified and prepared through mentoring, training, and job rotation, to replace key players such as the CEO once their terms expire. However, this practice is not done by a lot of companies. According to a recent study, less than 60% of companies have a succession plan in place, reasons of which include some false impressions.Here are some of the most common myths about succession planning.If there ar…
Archive for the ‘Human Resources’ Category
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August 22nd, 2007
Keep Employees Focused During The Holidays Season
If an important holiday comes near such as Thanksgiving, Christmas, and even Memorial Day, employees tend to be distracted. They think of too much about the gift giving, the shopping, the parties, the decorating, the gift wrapping, etc. that they get stressed out and lose their focus on the work at hand.What should an employer do to maintain focus among employees as the Holidays approach?Set an example Your leadership is crucial in maintaining productivity during the holiday season. If your atti…
August 15th, 2007
Keeping Your Employee From Leaving
With so many competing companies on the lookout for the few best-skilled people among a crowd of job seekers, it is best that you should not let go of your most valuable employees. You would never know when to find a people who would perform better than them.This is where your employee’s loyalty to the company will be tested. Would they leave your company at a sight of a lucrative offer from another employer? Would they seek out for better career opportunities? Do they feel unhappy with their cu…
August 13th, 2007
Salary & Wage Resources
Occupational Employment and Wage Estimates United States Bureau of Labor Statistics Provides an entry point to data about national, regional, state, and local economies, including salary and compensation information. http://www.bls.gov/oes/oes_data.htmCompetitive Wages When deciding pay rates for skilled workers, it may be helpful to keep tabs on the going rates for your industry and area. The U.S. Department of Labor’s Bureau of Labor Statistics website maintains a comprehensive list of median …
August 13th, 2007
Developing a Compensation Plan
This is usually the single largest component of a compensation package. Salary should be tied to a person’s skills and experience. Subsequent increases need to be based on an employee’s performance, value and contribution to an organization.Typically, companies perform annual performance evaluations. Each position should have its own discrete salary range which follows from the job evaluation. The range has a minimum, which is the lowest rate the company will pay an employee in the position; a j…
August 8th, 2007
Creating an Ethical Culture at Work
Do you feel that your employees are beginning to have that “come what may” attitude in the office? Tired of seeing constant bickerings, complaints, and power struggles between workers? Then maybe you need to instill a revolution, an Ethical Culture revolution.Ethical Culture is a way of life where all employees, as well as their superiors, convey positivity in order to work harmoniously with each other. It is about the essential role that ethical principles play in human relationships, that ther…
August 1st, 2007
Myths About Young Workers
Most business leaders have noticed how employees, especially the young ones, behave in recent years. Most of them consider this as a negative trend. They think that young people today have too much entitlement, not enough loyalty, no work ethic, self-centered, etc. However, things aren’t always what they seem.The Millennials (those born after 1980) are completely different from Gen Xers (those born between 1965-1979) when they were young. They operate in this world with a completely different pe…
June 28th, 2007
Resolving Conflict in the Workplace
Workplace conflict can be the result of different factors, the most common of which is when someone feels taken advantage of. For instance, the boss demands the same kind of work commitment from its employees, but they are not duly compensated for their service at work. Conflict may also arise because of disagreements in the values and goals of the company. Being misunderstood and having impossible expectations of what their job position really is are also some possible scenarios for workplace c…
June 14th, 2007
How to Fire an Employee
One of the toughest things that an employer has to do is to fire an employee. More often than not, it’s harder for the person giving the bad news than the one receiving it. But it needs to be done, to remove the “bad apple” in the company. Here are some tips to consider when having to face the termination of an employee, while not shaming and bruising the person’s ego: Check past feedback. Look back at the company’s past relationship with the employee and check if overly positive sig…
June 7th, 2007
Benefits of Hiring Seniors
More often, workers belonging to the age group of the golden fifties are stereotyped as costly and less productive. But increasingly, recent studies show that companies’ first hand experiences present that older workers can still continue to do their jobs. As for growing companies, it actually brings a positive connection, as seniors are wanting to work while employers are looking for all the talent they need. At times, their skills and assets are preferred over younger workers.Experience. Senio…