BUS-X 100 Lecture Notes - Lecture 12: Trade Union
Consider!
You know of at least 3 studies…initially stock prices go up…after 18 to 24 months; headcount
cutting was not a good decision over 90% of the time & the stock prices & company
performance…lower. Raise stock price in the first 2 years by 20% they would give you $10
million bonus!
CEO… Human Resources to Indentify the…
1) Identify the Talent & Skills Required to be competitive.
Identify weaknesses…non-clones…avoid predefined competency approach.
Organizational strength…not individual strength…aligned effort = results.
Results…not pointing out negative…look smart.
2) Find the People to Be Competitive.
Ability to get things done through others.
Diversity.
Different points of view….complimenting strengths.
3) Retain the Competitive People.
Honest feedback…performance reviews…leverage strengths…not just point out
weakness.
Results based distributive compensation.
4) Create a Collective Competitive Mindset.
Trust…passion …engage others…motivated…everyone wants to win.
5) Keep it Legal
Cannot discriminate…age…sex…race…religion
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
You know of at least 3 studies initially stock prices go up after 18 to 24 months; headcount cutting was not a good decision over 90% of the time & the stock prices & company performance lower. Raise stock price in the first 2 years by 20% they would give you million bonus! Ceo human resources to indentify the : identify the talent & skills required to be competitive. Results not pointing out negative look smart: find the people to be competitive. Different points of view . complimenting strengths: retain the competitive people. Honest feedback performance reviews leverage strengths not just point out weakness. Results based distributive compensation: create a collective competitive mindset. Trust passion engage others motivated everyone wants to win: keep it legal. Utilizing these studies, determine the one single best ways. Tie pay to what produced to encourage the worker to do it the one right way (fastest time).
