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From Accountingnet.ie In Business
Jack Welsh, the former GE Chief Executive, stated recently that Human Resources should be every company’s ‘killer app’. What could possibly be more important than who gets hired, developed, promoted or moved out the door? After all business is a game, and as with all games, the team who puts the best people on the field and gets them playing together, wins. It’s that simple! That is what HR should be all about, but in reality how often is this not the case and is HR the Cinderella of the company forgotten in the basement. As owner / manager there are a number of simple things you can do to improve on this situation. You should review your team regularly. Starting with your management team, review them and ask yourself: ’How is this particular team member contributing to the bottom line and what has he / she specifically done over the last twelve months which stands out’. If nothing comes to mind ask yourself why this is so. If you have two or more management team members where nothing specific comes to mind, ask yourself what does it say about me and my company. Then look at the performance of all your staff and ask yourself who are in the top ten percent and who are in the bottom ten percent. I bet you can easily identify your worst employees, the ones who always give problems and are regularly in the limelight for the wrong reasons. In a bigger company it is more difficult to identify the top ten percent of your staff. But you should be able to come up with these names fairly quickly. If I asked you who are the best players of the football team you support you would be able to name them straight away! However, more important is what you have done with your top ten percent, the ones who go the extra mile for the company. Do they know that you have identified them and appreciate them? Do you have plans to further develop them and that you are going to invest in them? Also are other employees aware that you have identified your best players and that you are seen to appreciate them, because most likely employees know what they have done for your company and how you have treated them. Staff do consider how you take care of your excellent and worst staff members and based on that information decide what kind of company they are working for. If you have done this exercise and know how your management and staff operate give yourself a pat on the back. However, if you tried and find it difficult to come up with the names and achievements you need to think about this and find out who they are and what they have done. Then may be you should think about a performance management system which can help you out. If you want to address this issue in a more structured manner you can always talk to me regarding Strategic Performance Management and how you can give your company focus through developing a mission, vision, company objectives and a performance management system. Give me a call at 065 7071933. Kenneth Buchholtz, Telephone 065 7071933 http://www.campbellinternational.net/ © Copyright 2005 by Accountingnet.ie |
