Benchmarking
Discuss the importance of aligning human resource processes with business strategy.
HR strategy has to align with business strategy in order to enable the growth of a business. This in turn allows employee performance to improve, lowering the overall cost of doing business. When employee performance is decreased, this may cost the organization more in turnover, absenteeism, and other expenses associated with dissatisfaction or inefficient operations. HR strategy is not just about employee satisfaction however; it is also about aligning employee goals with organizational goals so the employees can feel they are supporting the organization as much as the organization supports them. Aligning HR strategy and business strategy is a complex process that involves communication, collaboration and planning. One of the ways of doing this is by benchmarking, surveying and assessing employee needs, organizational needs, and the needs of the customers, internal and external, that the organization services. Measuring past performance with present performance, and assessing potential future performance can also provide an indication of how well the company may do if changes are implemented.
Discuss how the firm used benchmarking to determine the performance standards for leadership, client-facing and specialty/support functions.
Benchmarking allows a company to compare their practices to other business practices in the industry to determine the best course of action to follow (Boxwell 1994). In this case the company can determine the best performance standards for leadership, client-facing and specialty support functions. With regard to client-facing, the CTO used the result profile as a reference document "driving individual performance planning and review discussions." A goal setting approach was selected so individual role specificity could be provided to enable general performance standards by level (p. 237). This resulted in differentiation of job categories within each leadership level including managing of self...
Talent Management Strategy The objective of this study is to determine which performance management process will be employed to measure employee talent and analyze the key concepts related to the talent pool and the talent review process. This study will develop appropriate talent management objectives to measure functional expertise and assess the key elements of global talent management as they apply to the organization. Finally, this study will recommend a process
Porter Novelli Case Study / Porter Novelli: Performance Management and Talent Management Role Played by Leaders Effectiveness of Talent Management Strategy Critical Evaluation of Talent Management Strategy Alternative Way Porter Novelli is one of the world's top public relations firms. With ninety offices in about 60 nations, the firm provides best-in-class service to its customers all around the world. As the firm that started social marketing, it's heritage is anchored in influence encouraging individuals to
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Steps were also taken to organize a stock market in Lahore (Burki, 1999, pp.127-128). Also organized during this period were the Pakistan Industrial and Credit Investment Corporation (PICIC) and the Industrial Development Bank of Pakistan (IDBP), both of which were important to industrial development, obtaining "large amounts of capital from the World Bank, the former for investment in large industries, the latter in relatively smaller enterprises" (Burki, 1999, p. 128). This
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