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Showing posts with label Manpower management. Show all posts
Showing posts with label Manpower management. Show all posts

Wednesday, December 30, 2015

A Look Ahead: Employee Engagement Trends for 2016 12-30

A  Look Ahead:  Employee Engagement Trends for 2016




Here’s an understatement for the year ahead: The workplace is changing and engagement strategies are changing along with it.  Anyone involved in employee engagement knows that conventional wisdom has been turned on its head by a newly plugged-in and  charged-up generation of workers.

How well do you know the people who come to work every day and how will you effectively engage  them in the next 12 months?

Here’s a roundup of top-trending strategies  from BI WORLDWIDE to help make 2016 your most engaged and productive year ever.

TREND: Focus on happiness Organizations have been trying to “sell” employees on engagement but what employees really want is happiness, pure and simple. Instead of declaring undying loyalty or planning long-term career intentions, employees want to enjoy their work, find meaning in it, be recognized when they do well and feel a sense of achievement.


What can you do?

Acknowledge contributions and effort. Go beyond the cookiecutter recognition program and create unique recognition tailored  to employees’ passions. • Recognize service. Don’t wait for the traditional five-year anniversary. Celebrate milestones early and often, including at  one month and one year. •

Enhance your culture. Work should be somewhere employees want to be, not have to be. Don’t be afraid to give them opportunities to thrive.

TREND: Ask more from managers Of course it’s true that the standard practice is to acknowledge contributions made across every level of the organization. But still, there’s an added zing when an immediate supervisor or manager notices—and recognizes—excellent work. Managers might need some help in spotting and rewarding desired behaviors but the effort will pay off in the long run.


What can you do? 

Train them. Let managers know why recognition is important  and the value it plays in reinforcing key behaviors. • Empower them. Research shows that when managers have recognition budgets to use at their discretion, employee tenure increases. • Communicate, then measure, then do it all again. Spread the word and keep checking back to make sure goals are being met.

TREND: Make work meaningful In a market that’s increasingly shifting in job-seekers’ favor, employees are looking for more than “just a job” and are seeking work that’s personally meaningful.


If employees aren’t using their skills and being challenged, they’ll move on. Hiring managers might be seeking someone to complete specific tasks immediately but they must also make sure even entry-level jobs provide opportunities to learn, contribute and grow. What can you do? • Ask, don’t tell. Instead of doling out an assignment and dictating the process to team members, challenge them to find improvements and recognize them at every step in the process. • Delegate a project that would not otherwise get done. Offer team members the opportunity to run with an idea that you haven’t had the chance to explore. Give them basic parameters to follow, then make them fearless by removing any consequences for failing.

Let them lead. Turn over an existing project and let your team members manage everything, from strategy development through project management to leadership presentations. Hold the team accountable to the budget and timelines while letting them know you’re there for support.

TREND: Lead with compassion Research by Dr. Brad Shuck, an internationally respected researcher on the psychology of engagement, and Maryanne Honeycutt-Elliott, expert in leadership development and executive coaching, has shown higher levels of engagement from employees who work for a compassionate leader—one who is authentic, present, has a sense of dignity, holds others accountable, leads with integrity and shows empathy. In fact, 74% of employees who work for compassionate leaders say they are unlikely to leave their current organization in the next five years.


What can you do? • Translate strategic goals into individual goals. This requires authentically listening to others and working to leverage their strengths, as well as having a willingness to be flexible and adaptable. • Develop others. Focus outward–not inward–in a way that develops the skills, competencies and abilities of others. • Give and receive helpful feedback. Listen deeply and communicate well, and you will create credibility, trust and influence.

TREND: Meet them where they are Innovative technologies allow employees to speak and be spoken to with relevance, and relevance leads to better results. They’re accustomed to pulling out their mobile devices whenever they have a spare minute and crave instant, easy access to news, apps, pictures, videos, statuses – all on their terms. They expect the same of their recognition program.

What can you do? 


See it, believe it and live it. Start with a clear direction that includes what you’re communicating and use multiple channels and touchpoints. • Make it easy. Give employees the ability to recognize each other on devices with which they’re comfortable. Incorporate social elements like news feeds, comments and sharing, built using responsive design or in a native app. • Mix it up. Offer multiple ways to communicate to employees, including traditional methods like company intranets as well as mobile, social recognition platforms and data visualization boards  in areas where employees gather, such as break rooms.

TREND: Train more, with less Research shows that today’s learner is overwhelmed, distracted and impatient. Two thirds say they don’t have enough time to do their jobs properly. In fact, employees say they can only devote one percent of their time to learning and career development—just minutes in an average work week.


What can you do? 

Make it short and sweet. Break eLearning into Learning  Snacks–two to three-minute bites of learning about a single topic  or task. Learners receive Learning Snacks only when they’re needed and don’t need to “check out” of work for multiple hours just to complete training. • Be multi-device savvy. Millennials are now the largest generation in  the world and the largest generation in the workforce.

Be aware that they almost unerringly reach for their mobile phones first. Make it seamless by delivering training to all major devices from a single version. • Custom tailor learning. One size fits all? Not anymore. Each of your learners has previous knowledge and expertise, as well as specific gaps in knowledge and skills. Use data to dynamically configure the learning experience for individual learners. 

Keep an eye on culture. Chances are good that your learning audience is now a global audience, so be sure to deliver all course languages in a single version, using streamlined translation processes available through the cloud. Tweak translations to be relevant to the in-country culture, needs and limitations.

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Friday, December 25, 2015

How is HR analytics changing people management? 12-25

Shyam's take on HR analytics

I agree with Vinay on the need for HR analytics in the diverse cross culture environment in India.

However the accuracy and usefulness of the data depends on the quality of its integration.
This is possible only when the Data Scientists have also knowledge about HR domain. Otherwise the inference we draw will have a huge margin of error and so will the action on the benefit of it.

I suggest that, after drawing inference from the data. The HR specialist should interact with the concerned employees to authenticate the results. If personal interaction is not possible, they can send out a questionnaire and prepare reports based on the employee inputs. And  when taking a decision or inferring an opinion, it is suggested that data output along with the Report of the actual interaction with the employee should be taken into account before coming to a conclusion.

Specially when working on the Predictive analytics, it essential that, the stats are as closer to reality as possible.




How is HR analytics changing people management?



It is developing an engaged, agile and flexible workforce by making use of data to obtain valuable insights on the employees.


How is HR analytics changing people management?          

In today’s VUCA (volatility, uncertainty, complexity, and ambiguity) landscape, small and big companies are continually facing uncertainty and volatility in their operations. The working environment is increasingly becoming very complex and ambiguous. This has put human resources into a challenging situation in terms of making definitive decisions in the workplace. HR has to look constantly at new tools for making risk-free decisions, and this is where the help of HR analytics comes in.
HR analytics is the use of statistical methods like factor analysis, correlation and regression and making use of different sources and variables to arrive at meaningful insights. It helps HR understand the dynamics in the workforce.

One cannot rely on a person’s experience or tacit knowledge to base one’s decisions on, but on real data and numbers to back one’s workplace decisions. This has proved to add value and improve workforce resource utilisation and deployment. HR analytics is not about merely collecting vast amounts of data, but analysing and processing it to provide meaningful insights. These insights are then used to provide the answers sought by the company, to the following questions, among others:

• Will the predictive attrition model help identify who is going to resign in the next, three, six or 12 months? What is the efficiency factor of this predictive model?

• Is the new tax-friendly employee compensation and benefits programme driving higher retention?


• Are the highly engaged employees at the workplace highly productive? Are they spreading positive employer brand in the workplace and social media?


• Will work from home/flexible working hours lead to better engagement, and to what extent?


• Which generation of employees (Gen X, Gen Y, Gen Z , Millennial) is contributing more towards profitability?


• What are the major reasons for attrition? Is the preventive HR intervention effective in controlling attrition?


• Is there any correlation in employees who are leaving within six months of joining?


• Is there any relation between employees who stay within 10 km radius and retention?


• Is the newly designed Employee Fraud Risk Management effective?


Is there any correlation between frauds committed by habitual noncompliant employees/ disengaged employees?

Finance function decisions are based on data, such as graphs, charts, etc. However, in HR, it is based mostly on the relationship component and there is always the risk of being judgmental when it’s a person making decisions. Through HR analytics, this risk can be minimised.

HR can study the behavioural competencies of high-potential employees and share the data with the recruiting team to help them identify potential employees. This data can also be used in training. HR often comes up with various mechanisms intended to achieve employee satisfaction, leading to employee engagement. But today, the mechanism depends on what the employees value more and whether it is going to achieve the outcome.

Based on the HR analytics data, human resource policies are customised, for example, the recent decision by the Government of Delhi regarding the odd and even number cars taking turns to run on the roads. This has led some companies to offer Delhi metro cards to employees and encourage them to take local public transport instead of using their cars. Some companies are exploring the option of working from home.

People management is being accomplished with change thanks to evolving HR analytics. It gives a clear view of performances and drives the organisation towards its goals. This has led managers to understand their employees better and contribute towards planning for their training and development. In turn, the employees will be motivated to be more in tune with the culture of the organisation.

People analytics empowers HR with the ability to identify the gaps between employees and training, which is necessary to be bridged. This is especially important with new hires to help them understand expectations and workflow processes quicker. By digging into insights, HR managers can not only identify which hires will be low but also the high performers.

Predictive analytics contributes to analysis of the workforce beyond the mere basis of academics. While recruiting, many companies look for candidates with high academic records. But this is not full proof of a candidate’s ability to perform. Some bugging questions come to mind:

• Why does one programmer perform better than the other?

• Why do some average employees succeed while some perceived as good recruits fail?


• How much time does it take the new employee to be productive?


One way to employ the use of HR analytics is acceptance and deployment of HR management systems and cloud storage availability. These make it possible for organisations or companies to store all their data in a manner that can be integrated with other workplace operations.

Such cloud software today is readily available and affordable. It is time for employers to take advantage of this progress. By deploying HR analytics, companies collect data based on attrition, retention and other HR aspects. These metrics are then used further to look for trends based on ratios and accounts. The data is then vigorously analysed to give Google insight into employee trends.

These insights could be effectively used to shape the organization’s policies and decisions.

Businesses have noted that the ability to take initiative is a better indicator of actual performance.
Companies are deploying predictive analytics to drive their HR strategies. Employee data from all locations is analysed and processed to develop programmes based on age, demography and tenure. Information from predictive analytics/HR analytics is used to attract, retain and manage the right talent. To change the course of the manner in which they deal with employees, data-based information is used like predictive attrition models and exit analyses. This predictive modelling tactic is more handy than trying to figure out later why an employee left.

The new approach of HR/predictive analytics provides the ability to measure, quantify and qualify employee data. The new method digs into the ‘why’ rather than the ‘what’ to get the better perspective of things.

HR analytics helps to develop a workforce that is engaged, agile and flexible by using data to gain valuable insights on employees. In the diverse Indian context, the need for HR analytics is felt even more because every company has a broad array of people to manage. Proper management of this varied workforce is a prerequisite for greater synergy and productivity within an organisation. Companies must look towards HR analytics as the new tool to power an organisation’s success through smart people management.

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Friday, November 9, 2012

Technology | Infosys, Wipro lag in retention, too 11-10




Technology | Infosys, Wipro lag in retention, too

Software engineers employed in the IT sector seem to be reading quarterly earnings closer than before
Pankaj Mishra 
First Published: Mon, Oct 22 2012. 11 14 AM IST

Employee surveys conducted by online networking site Glassdoor.com indicate the companies growing faster are rated ahead of the laggards. Photo: HT

Updated: Tue, Oct 23 2012. 12 14 AM IST
Bangalore: A clear separation between the leaders and laggards is becoming apparent in India’s $100-billion information technology (IT) sector, and this time it’s not about which company is growing revenues faster.
Scrambling to regain their lost momentum in revenue growth, Infosys Ltd and Wipro Ltd are beginning to lose out on retaining their staff—an indication that software engineers employed in the technology sector are reading quarterly earnings closer than before.
In a clear shift that’s been taking shape since the December quarter of 2010, India’s largest software exporter, Tata Consultancy Services Ltd (TCS) and the fastest-growing Cognizant Technology Solutions Corp. broke away from the pack and formed the new top order in staff retention.
photo
For the three months ended September, TCS reported its lowest quarterly staff attrition in 10 quarters at 13.1%; that’s nearly 7 percentage points lower than what it reported for the same quarter two years ago. Infosys’s attrition in the latest September quarter was 20.5%.
At Cognizant, the attrition rate dropped from 21.8% in the quarter ended September 2010 to 12.1% in the June quarter, the latest period for which numbers are available.
The highest attrition rate was reported by HCL Technologies Ltd, a company that boasts of an “employees first” motto. HCL’s attrition in the September quarter was higher than that of its peers at 25.3%, but much reduced from the 36.4% it reported for the same period in 2010.
Last year, Infosys deferred annual salary hikes citing lower demand for services, but was forced to announce wage increases of up to 8% in the latest September quarter.
Employee surveys conducted by online networking site Glassdoor.com also indicate the companies growing faster are rated ahead of the laggards. According to the latest Glassdoor ratings, only 38% and 20% of Infosys and Wipro staffers, respectively, approve of their chief executives.
The ratings are based on feedback from select staff and not the total employee base. For TCS, the Glassdoor rating for its CEO is 100%, and nearly 82% of those polled by Glassdoor at Cognizant approve of the firm’s CEO Francisco D’Souza.

First Published: Mon, Oct 22 2012. 11 14 AM IST