Hay Group shares Fortune's most admired companies report's secrets and findings covered in Human Capital Magazine

1. RESEARCH
Checklist for global mobility
Since most organizations have gradually realized the essence of global
talent pools, delegation of duties is no longer limited by geographies.
Considering this observation, Mercer has devised 12 effective strategies
for the MNCs to revisit their norms for managing global teams to
maximize employee efficiency. Making expatriate programs an inherent
part of talent management strategy is indispensable, as per the report. It
also advocates the need of benchmarking the expatriate program to rule
out the possibilities of over or under compensation. While delegating
assignments, companies should not only consider the
personal needs of an employee to work out of his
home country, but also categorize the
assignments as either ‘developmental’ or
‘critical’ to anticipate output levels. Also, the
conclusive report highlights that
organizations should prefer local hires in
different countries instead of sending
expatriates, considering the sensitivity of the
project and availability of talent. Another
proposition that has been underlined is to
consider the cost of living arrangements on
the basis of expatriates’ familiarity with the
host country. The organization should not
Bestowed with
miss out on the fluctuating currencies to minimize any negative impact
on its investments. Companies should also not delay in welcoming back
benefits
the repats with fresh career paths ahead of them, the report concludes.
The general perception that public
sector employees avail better employee
benefits than their private sector
counterparts is further unearthed in
one of Metlife’s latest studies.
According to the research, while 56%
Consistency of the private sector staff believes that
public sector showers better employee
the key to success benefits, around 24% of the public
sector employees concede to the
statement. However this might often
Employers emphasizing on core business practices despite the ever changing
not be the case as public sector
trends in technology and economics have been able to retain the best talent
employees are up to six-times less
over the years without fail. A 15- year review of Fortune Magazine’s World’s
likely to receive a range of employee
Most Admired Companies by the Hay group affirms the strategy and
benefits including private medical
highlights the key practices that help an organization sustain success:
insurance and income protection. On
● Executing and enabling strategy
● Building structures and processes to sustain long-term
the other hand, pension schemes and
performance paid holidays are a less common
● Achieving success through people
phenomenon in the private sector.
● Placing a high value on leadership and
Moreover, around 76% of public
talent sector workers have access to
The review underscores that ‘achieving pension schemes with employer
success through people’ boosts the contributions, compared to just 47%
revenue growth of an organization by 4.5 of those working in the private sector.
times, and reduces employee turnover by
54%. Apple, Google and Amazon.com have
bagged the top three spots in Fortune’s World’s
Most Admired Companies-2012, among all the global organizations; while Tata
Steel and ONGC occupy the coveted top positions in India.
■ www.humancapitalonline.com April 2012 ■ 13