Monday, July 1, 2013

Safeguard the future of your company's best people



SHARED FROM:
Robert Donaldson and Barbara Folb
Catch Falling Stars
HANDBOOK OF BUSINESS STRATEGY
 
Managing valuable human capital:
  • HR and senior executives should develop a joint plan
  • Organization should create a non-threatening forum
  • Enlist the aid of a third party coach

Signs that can point to a star in trouble:
  • Team cohesiveness deteriorating
  • Increased turnover in his or her department
  • Lacks direction in focus
  • Increasingly hesitant to make decisions
  • Short tempered, abrasive
  • Increased confrontations
  • Misses deadlines
  • Doesn't set priorities
  • Drinks and eats too much
  • Begins smoking
  • Gains or losses weight
 
Steps to consider that can safeguard the future of your company's best people
  • Ensuring a Good Fit
    • No matter how impressive the individuals' qualifications may be, they have to have a clear idea of exactly what the company expects them to accomplish.
  • Adapting to New Rules
    • rules usually change when a company reorganizes or brings in a new chief executive
    • Changes in the way we work, however small, can be aggravating
  • Measuring Up
    • stars run into trouble because they do not understand the new boss's priorities and standards for measuring performance and success
  • Communicating
    • Effective communications can often prevent stars from falling

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