Talent management is primarily focused on performance improvement and optimization of one’s potential (Dessler, 2015). Talent management can be used to acquire, improve, and retain the best employees. First, the evaluation system adopted helps the company to identify and isolate talented employees from the rest of the employee body (Dessler, 2015). This form of identification provides a suitable platform for the organization to optimize on employees’ potentials, thereby improving the overall organizational performance. Moreover, such improvements motivate employees to remain loyal to the organization.
Leadership plays an important role in managing the organizational culture. Changing an organizational culture involves strategic planning with long term vision (Kreitner, 2013, p.73). I would recommend Johnson to improve the organizational culture at J.C. Penney, provide artifacts of the company’s goals and culture. Artifacts can be easily observed, changed, and distributed. Communication and collaboration of employees is also very important.
This area of the firm spends a lot of time and effort to help develop its suppliers, helps its suppliers perform more effectively, wants its suppliers to succeed. This sheds light on the organization's focus on enabling its suppliers to perform effectively for the organization. It is an important indicator of effective supply chain management. No corporation needs to be convinced that in today’s scale-driven, technology-intensive global economy, partnerships are the supply chain’s lifeblood. Therefore, in order to increase supplier relations in the firm, this team advise that the firm conduct joint improvement activities, share information intensively but selectively, develop suppliers technical capabilities, supervise your suppliers, turn supplier rivalry into opportunities, and understand how your suppliers
Professionalism and direction in career advancement are imperative. Embarking on graduation from CSU, On the Job Success covers many important aspects of strong leadership and offers tools for success. Critical thinking and decision making are important components of effective leaders. Acting as a role model, team members look to their leaders to set a strong example of what personal and professional look like. Strong and impactful communication in the workplace is imperative for effective leadership and team building.
2003; Whitner 2001) and organizational commitment is a strong predictor of organizational effectiveness (Angel and Perry 1981; Sutanto 2004). Such employee outcomes positively mediate the link between HPWS and organizational performance (Zhang and Morris 2014). Despite the fact that HR practices leads towards commitment but this link varies among employee groups such as professionals, line managers and workers that’s why managers face various challenges in designing HR practices resulting in high level of commitment among
Hence recruiting the right skill, retaining them, identifying the best and addressing the under performers play a vital role in the success of any organization. In spite of spending lot of time and money, many organizations fail to understand the human resource issues due to lack of detailed data and challenges which may affect the work force planning, development and productivity. Big data analytics can address these HR issues due to which many organizations are taking a leap towards adopting various big data tools for different HR operations. Big data analytics not only promises potential benefits to identify and hire skilled professionals but also helps to take decisions to manage workforce. However the use of big data analytics in HR also has some risks and challenges which the organizations need to address which include increased exposure, breaches in privacy issues, damage to good will of the organization
However, Participative leadership styles are difficult to make decisions in the short-term as it needs to consider many opinions (Huang, Iun, Liu & Goung, 2010). 2.5 Transactional leadership Transactional leadership styles can obtain more influence and power from followers. Transactional leaders set up a goal for the followers, when the followers achieve the goal, they will get a job reward. Transactional leaders enhance work ability, performance and effectiveness of followers through job reward or penalty (Bass, 1990). 3.0 Development of leadership theory over
It provides information particularly on job fit and leadership and highlights the potential employees.Bussey, Cathy (2009) described the HR department to maintain the knowledge and skills of the employees. Talent data is competitive advantage of the organization. The researcher concluded that talent data drives the growth of the corporate world. To know the capabilities of employees those are needed in the future and mold the employees to achieve the organization goal. Korn Ferry (2014) launched talent analytics that helps organization to identify the top performer, assess the employees’ performance and competency gaps, measure the effectiveness of employee engagement and compare the organization improvement with the corporate world.
The adaptability also important when the organization is facing a diversity of the workforce (Yukl & Mashud, 2010). Yukl and Mashud (2010) stated that followers are usually difference from their experiences, ability, needs and etc. At the same time, the leader has to use the most appropriate leading style to lead the followers. Therefore, the leader has to adapt their leading style depended on the difference of the followers in order to complete the task effectively. Other than diversity, adaptive leader also important while facing unusual event (Yukl & Mashud, 2010).
1.4.1 Literature Review HRM practices are a process of engaging, motivating, and maintaining employees to ensure the organizational survival (Schuler and Jackson, 1987). According to (Delery and Doty, 1996) HRM practices are prepared and implemented in a way that human capital plays important role in achieving the goals and objectives of the organization. The appropriate use of HRM practices strongly influence the standard of employer and the degree of employee commitment (Purcell, 2003). HRM practices like, training and development, performance appraisal allow the employees to do better in order to enhance the organizational performance (Snell and Dean, 1992; Pfeffer, 1998). Researchers have shaped compelling evidence for the fundamental relation between employee performance and how management acts with them (Boheene & Asuinura, 2011).
By implementing the strategic plan organizations achieve results. In turn, by HR creating a mission and vision statement that ties to objectives, and metric that would aid in meeting overall goals for LDB Financial Services. Hence, by HR creating a strategic plan that aligns with the organization, consist of goals, objectives, and metrics it will aid in customer/employee satisfaction, retention, and enhanced human capital which all reflect back on the success of not only the business units, but the organization as a
Strategic Leadership Program Upon completing the leadership training course provided, active listeners gain vital leadership skills and capabilities, necessary for enabling the organization, self, and others to advance into higher levels of efficiency and effectiveness. Ultimately, our leadership program seeks to positively enhance pertinent performance and sustainability related variables present at the individual, group, and organizational level. The following leadership program paints a picture of what the idealistic company specialized in offering sound financial and insurance related solutions looks like from an outsider’s perspective. There are key areas and strategic initiatives the agency will relentlessly pursue, as followers of
Motivational Improvement Program Organizational efficiency and effectiveness is a necessity as organizations seek to secure their competitive advantage in a global marketplace. As a result, organizations seek ways to improve their products and services and reduce cost. The biggest asset and investment for any organization is human capital, employees. Organizations realize the quality of their products and services depends on their employees ' productivity and performance; therefore, organizations must find ways to motivate their employees. Consequently, they search for and apply research on motivational theories and/or models to help motivate employees.