Step 2. Do You Have the Right People to Compete in the New Economy?
In our last newsletter, we began a discussion
on the importance of having the right people in your organization to compete in
your marketplace. We all know that we must have the right people resources to
get business to the next level. It is clear that regardless of industry,
revenue size, products or services, or number of employees, organizations
constantly worry about the talent that is required to compete in this economy.
One of our clients mentioned in earlier
"When I joined we had six employees and $5 million in
revenue; today we have 300 employees and over $500 million in revenue. In the
beginning, I controlled all the people decisions. How do I ensure we hire and
promote the right people because today we need a different type of skill and
competency to compete in the marketplace?"
To help ensure you Have the Right People to
Compete, Human Capital Consulting Partners recommends a multi-step plan. In
this month's newsletter, we'll review Step 2. (Step 1: Define upfront your organizational needs is here.)
STEP 2 Define the culture of your organization.
Develop a vision, mission, destination, or set
of values that will become your foundation.
Communicate your "culture" to all stakeholders
(e.g., your customers, shareholders, employees, vendors, and the community at
Hire, develop, and promote employees who "fit"
into your defined culture.
Measure the progress against your "culture" on a
regular basis through focus groups, employee surveys, and customer input.
Hold employees accountable through a formal
performance management system.
Be sure senior management "walks the talk."
Stayed tuned for additional steps to help you WIN
in your business. In the meantime, if we can be of assistance, contact
either me or Marty Jordan, Western Regional Director.