79599 session 8
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79599 session 8

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  • Amity Business School

79599 session 8 79599 session 8 Presentation Transcript

  • AMITY BUSINESS SCHOOL MBA(E) 2 nd Sem. Creating and Leading Entrepreneurial Organization Dr. Anjani Kumar Singh
  • CLEO
    • Attracting and Retaining Talent
  • CLEO
    • Growth Challenge
    • Growth implies an evolution of resource requirements
    • The right people are always in limited supply
    • High turnover disrupts growth
  • CLEO
    • Addressing the Challenge
    • Plan for long-term
    • Establish motivational factors
    • Monitor progress and adopt
  • CLEO
    • HR Strategy
    Who do we need? Understand and forecast your need Corporate strategy Define resource requirement Where do we find them? Develop your brand And message Identify resource gap Identify targets Develop attraction and retention strategies How will we get them? Establish motivational factor
  • CLEO
    • Plan for the long-term
    • Understand and forecast the company’s needs
    • Focus on specific targets
    • Develop the company brand and message
  • CLEO
    • Understand and forecast the company’s need
    • Determine the ongoing resource requirements
    • Analyze the gap between available talent and talent needed
    • Assessment of the relevant labor markets
    • Target existing employee for development
    • Forecast budget requirements
  • CLEO
    • Establish motivational factors
    • Design creative and flexible compensation package
    • Manage the evolution of organization culture
    • Empower employees and provide opportunities for growth
  • CLEO
    • Monitor progress and Adopt
    • Undertake performance management
    • Benchmark the company
    • Adopt to changes in the company and the talent pool
  • CLEO
    • A Balance focus
    • Compensation Soft benefits
    Base Salary Bonus Pension Career Development Training Work life balance Challenging Assignment Recognition Promotions Cars , computers Healthcare and insurance Stock options