This post is adapted from “High-Impact Human Capital Strategy: Addressing the 12 Major Challenges Today’s Organizations Face,” (AMACOM, August 2015) by Jack Phillips and Patti Phillips of the ROI Institute.
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It is one thing to sell products and services to a global market base when the need is there and the consumers want the product, but it is another thing entirely to employ a foreign workforce to make that happen in each country. From the very first time that a company has employees in another country, it faces many issues. There are 10 very important challenges that are faced by most multinational companies:
- Compliance with labor laws. Every company finds a challenge in working with laws, regulations, and rules in another country. These vary dramatically from one country to another, and companies often need the help of good advisers to unravel and comply with the different rules and policies.
What do your leaders celebrate in your workplace? Take a moment and write down the five to 10 things that leaders measure, praise, encourage, recognize, or reward on a regular basis.
Don’t look at service awards or other annual recognition that are given out. Note down the day-to-day messages that team members hear.
Next, categorize these messages, rewards, and praisings. Note which rewards are about results, performance and money, and which rewards are about cooperative interaction, citizenship and kindness.
I’ll wager you’ll have a majority of those messages categorized as performance-related. I wouldn’t be surprised if you had 80% or more of the rewards in your workplace focused on performance and results.
Don’t get me wrong — I love results! Performance, results, and profits are definitely important. They help your enterprise survive.
However, what makes your enterprise thrive is the quality of your work environment. A healthy workplace means that everyone in the organization — and even customers — are treated with trust, dignity, and respect in every interaction. (read more…)
If the company is the bus and its leader is the driver, as Jim Collins’ famous analogy states, then it stands to reason that when the bus is moving, the driver should mostly be looking out the windshield (toward the future) rather than consulting the rear-view mirror.
Yet I still see many CEOs who attempt rear-view leadership. They collect historical business intelligence, sometimes very sophisticated, from across the organization and try to glimpse the road ahead by examining what’s already happened.
Despite these data-interpretation efforts, rear-view leaders are frequently blindsided by new developments from inside their own companies. Sales, marketing, finance, IT and other departments produce more and more information, but the CEO struggles to separate the signal from the noise. He or she sees plenty of numbers, but what they mean about future performance remains cloudy.
Becoming a full-time Chief Executive Data Analyzer isn’t the solution. Looking to historical information for insight has its place, but those insights are best mined by the functional leaders with fitting expertise and perspective — not the CEO. (read more…)
Historically, consulting companies have gotten a bad rap for swooping in with presentations full of industry trends or spewing out jargon-laden recommendations. Or, even worse, they try to give the company’s identity a facelift and leave leaders fumbling to latch onto a vision that just doesn’t fit.
Fortunately, there’s a new crop of consulting companies that take a much different approach when lending their expertise. And the good ones meet their clients where they are and offer solutions that can add immediate value. The best consultants help executives refine their vision and solve problems faster and more effectively.
If you’ve been burned by a lackluster consultant relationship in the past, it’s no reason to write off all consultants. Before hiring your next consulting firm, use these tips to protect your company’s identity and extract the greatest value from the partnership.
- Start with a clear vision. The most successful companies don’t keep their vision a secret or pretend it’s too complicated for every employee to understand; they clearly articulate their vision and use it to find the best talent and win over customers.
“[Y]ou must know what you want to achieve, be certain of your aims, and have these goals constantly in mind… You must educate your (people) … And since the world never stops for a moment… you must constantly reassess chosen policies towards the achievement of your aims.” ~ David Ben-Gurion, first prime minister of Israel
Much has been written about how 21st century leaders differ from their 20th century counterparts. Today’s leaders must guide complex organizations that are more virtual and multinational in nature than ever before. They must nimbly navigate through a fast-paced marketplace that is in continuous flux and determine the proper course forward from a myriad of options. They also need to recruit and retain a millennial workforce that has different interests, needs, and working habits than their elders.
In such a demanding business environment, leaders would be wise to develop a strong learning environment at the workplace. (read more…)