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AMEX: The
group provides in-house training to employees for positions
within te organisation across 130 countries. |
The best employers
outperform other companies in virtually all aspects of the employment
relationship investigated by the study. They surpass other companies
not only in terms of the number of initiatives they have in place,
but also excel in delivery and execution. They have a clear vision;
they know how to achieve it; and how to communicate it. They are
effective in bringing employees on board for a successful journey.
Spirit and motivation always beat mere talent
Best employers in India have highly engaged
and committed people. On an average, the satisfaction score of best
employers was as much as 20 points higher than other companies.
Best employers tended to go out of their way to gauge the level
of morale of their people, incorporate their feedback, and give
back to them the opportunities, systems, and practices needed by
them. They instilled pride and a sense of achievement in their employees.
Best employers position the overall employment
experience as a key factor in keeping their employees happy. Most
have tried to create a distinct ''employer brand'' to distinguish
their employment experience with those of competitors.
CEOSPEAK
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Most important things personally done by
a CEO to contribute to an organisation being a best employer
» Regular
listening, communication and sharing, and being in touch
» Leading
by example; inspiring, motivating and bringing out the best
in people
» Building
culture and pride
» Being
a coach, mentoring, and supporting people in times of crisis
» Promoting
empowerment, involvement, and accountability
Most significant people issues faced by CEOs of best
employers
» Changing
attitudes and mindsets; helping people adapt to new realities
» Focusing
on common goals and objectives
» Managing
career aspirations and challenges
» Constantly
motivating and keeping people charged
» High
performance-orientation
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Best employers tend to take care of personal
needs (e.g., through flexibility in hours, administrative help,
and hr services) so the level of commitment towards the organisation
is strong. A happy employee at home is a more effective employee
at work.
The Best never underestimate the power of
dreams
Best employers realise that their talent gives
them a wealth of ideas, creativity, and innovation. This input is
used to enhance business performance and making product and process
improvements. On an average, 18 per cent employees formally make
suggestions; as many as 37 per cent are implemented by the organisation
in one year. Best employers reward people for their contribution
and create specific programs and practices to gear people to think
beyond job roles. Cross-functional movement and cross-functional
teams are encouraged to inculcate fresh thought.
The Best understand the influence of human
relations
Best employers leverage strong employee relationships
for business success. Bonding programs for senior executives, employee
referrals, adventure sports for new joinees, regular core value
building exercises, and involvement of families are examples of
programs to build a sense of co-operation and common purpose. Employees
of these organisations tended to emphasise much more a team orientation
and support of colleagues than employees of other companies. Relationships
with senior management and immediate supervisor reflected mentoring
rather than hierarchy and authority levels. Employees tended to
be more exuberant and confident about their leaders and positive
about their managers.
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LG: Recognition
is a way of life with LG. Performance-linked bonuses and culture-building
help maintain peak motivation levels. |
The Best know that the potential for greatness
lives in all
Leadership and management development programs
are a key emphasis of best employers. Fast-track development practices
and a focused attention towards high performers is a significant
initiative and a key result area of managers. Stress on potential
assessment to identify employees for strategic positions, organisation
structures, and performance management built around competency maps
emphasise desired behavioural attributes.
With a median training of 53 hours, employees
in these organisations tend to be more attuned towards learning
than those in others. The focus on training is balanced around technical
and behavioural drivers of high performance. Apart from providing
opportunity for their employees to learn the skills necessary for
their current roles, best employers also train for future demands
of a changing workplace. Computer-based training programs and employee
self-nominations aid in this effort.
The Best build systems on strong foundations
Best employers place high importance on culture.
It is the most critical factor in their hiring process.
They are more passionate about the transparency
and efficacy of their performance management systems than other
companies. They are more likely to use multi-source feedback and
build individual scorecards for success. Their hr systems are more
likely to be linked around performance management-this system really
functions as the nerve centre.
Best Employers get the pay equation right
They know that pay alone will not suffice in
keeping their best people. Few claim to be the highest paymasters,
though most of them certainly are in the top quartiles of their
respective markets. They emphasise 'fairness' in pay towards contribution
made rather than paying to be the market leaders. The benefits provided
by best employers tend to meet more effectively the needs of employees
and their families. Best employers also tend to make exceptions
for exceptional situations. Employee sickness, family need, life
situations (e.g., child schooling assistance and extra maternity
leave) are areas for greater discretion and flexibility.
Empowerment and freedom to take risks (and
make mistakes) are integral facets of being a best employer. Employees
of best employers are more confident that they have ''the authority
to make decisions to do my job well'' than those of other companies.
The Best take everyone along
The best have taken tough decisions. Business
situations often demand it. Their hallmark is the ability to do
so with remarkable humanity. A lay-off, pay cut, or organisational
change decisions get the entire employee community involved. Suggestions
are solicited. Packages that result in minimum 'hurt' are devised.
Communication, information, and transparency throughout the process
is stressed. Programmes for families and future employment opportunities
are created. Strong leadership is the most significant feature of
surviving in difficult circumstances.
The authors are consultants with Hewitt Associates
LLC.
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