The Snitch

Just a little of everything HR

Archive for October 2008

The new face of networking?

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Networking, according to this New York Times article, has a bad rep among people in the younger generation. Specifically, it invokes an images of “strategically talking to people and trying to be their friends.” In short, it’s just fake and insincere.

According to the article, “likemind” is the new networking. Spawning in places such as Shanghai, Mumbai and Sweden, Likemind connects people (derived mostly of young entrepreneurs and freelancers), and meetings have no fixed agenda or fees even.

Likemind might sound like a 2008 version of networking, but to participants, likemind events are distinctly different from the traditional networking parties of the ’80s and ’90s, where slick-suited would-be executives teetered around with a cocktail in one hand and a fistful of business cards in the other.

Likemind caters to young professionals in advertising, media and design who are products of the age of personal blogs, warts-and-all YouTube videos and viral marketing. For them, the best pitch is the disguised pitch. Nothing, participants said, is more uncool than the hard-sell of traditional networking (which may explain why likemind is not capitalized).

“We just show up over coffee and talk,” said Eric Cedo, a participant in Detroit, in an e-mail message.

So the question really is: Is Likemind just a new repackaged way of networking? And can networking be anything less than insincere? Is networking even unauthentic to begin with?

Written by Human Resources

October 29, 2008 at 4:38 pm

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What Minister Mentor Lee talked about..

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Like him or not, Minister Mentor Lee Kwan Yew has managed to develop Singapore into a ‘knowledge economy’ in the 60’s even before the catchphrase even existed.But the discussion encompassed a little bit of everything – Singapore’s sociopolitical situation in the 60’s, history, politics, his views on leadership and the most important thing: human capital.

Some points which MM Lee covered in the discussion at the Singapore Human Capital Summit includes:

  • The economic downturn and how long the recession might last
  • The rising competition between Chindia and Singapore, and the competitive advantages of Singapore
  • European history (really!)
  • Foreign talent and why Singapore needs it

Written by Human Resources

October 24, 2008 at 7:42 pm

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Thoughts on the Singapore Human Capital Summit

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  • Plenary discussions are a really great way to know who is a better speaker than the other.
  • How crazy is the security on the third day? It makes the Shangri-La hotel feel like an airport.
  • I really enjoyed Capitaland Liew Mun Leong’s presentation on the second day on what makes Capitaland much more than just a real estate developer. I conducted an interview with him last night and I’m still trying to decide if I should put his story in the print issue of the magazine or write it up for an online story.
  • Hands down, the best dressed person at the conference was the lady, who on Day 2, wore a dress with Space Invaders on it. Way too cool!

Written by Human Resources

October 24, 2008 at 12:41 pm

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Day 2 at the Singapore Human Capital Summit: Perspectives from an Asian CEO

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Just earlier today, Liew Mun Leong, president and CEO of Capitaland gave a presentation on the company’s view on building and managing talent from a perspective of an Asian CEO and leader.

Just a few takeaway points which I thought were interesting:

  • Capitaland only sends out employees who are “A++” overseas. This ensures that employees who receive overseas assignment stints know that they are not being sent on “an exile to Siberia”.
  • Capitaland has not one, but two schools that aims to train its employees. One of the schools – Capitaland Institute for Management and Business (CLIMB) – is located at Sentosa which trains on leadership and managerial skills. The other, Ascott Centre for Excellence (ACE) is located at Novena and trains its employees in its hospitality business.
  • Capitaland makes bold distinguishes between employees who are average performers and employees who are top performers.
  • Out of the 20 CEOs in Capitaland, 18 are trained from within, with only two that were recruited from outside. Three of them are women.
  • Capitaland’s succession planning is reviewed every six months.

Written by Human Resources

October 23, 2008 at 4:50 pm

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Day 1 at the Singapore Human Capital Summit

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Senior Minister Goh Chok Tong speaks on employee talent

Senior Minister Goh Chok Tong speaks on the war for talent

“In a seminal report a decade ago entitled “The War for Talent”, McKinsey concluded that “the most important corporate resource over the next 20 years will be talent”. It asked if companies were “ready to fight for their share”.

However, I understand that its prescriptions have been criticised for contributing to the excesses which caused the collapse of companies like Enron. Likewise, one could criticise the financial wizards on Wall Street for its excesses in financial engineering and creating highly-leveraged complex derivatives, which Warren Buffet had called “financial weapons of mass destruction”.

Nevertheless, one must not draw the wrong conclusion from these episodes about the war for talent. The war for talent has not ended. Rather, today’s financial turmoil only highlights the increasing pressure that firms and shareholders face in coaxing innovation and performance from their employees.

It also highlights the urgency of how to draw a fair share of talent into government and public service. Regulators and public officials must be a match for those in the private sector whose  profit may drive them into activities which can potentially cause systemic failure in the business environment.”

– Senior Minister Goh Chok Tong delivering the opening keynote address

Written by Human Resources

October 22, 2008 at 7:04 pm

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Hello world!

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Yup, that is right. Human Resources magazine is taking its editorial content to a whole new level with this new blog. What we want to do is to put all the content that we can’t use (content and opinions that don’t make it into the magazine or even in our online stories, but are nevertheless interesting) into this blog of ours.

Some of the content we’ll be sharing includes live-blogging at HR conferences, notes about meetings which we were at, and even musings about work and other random thoughts.

So feel free to drop us a note occasionally or share your thoughts with us. And if you’re looking for editorial on best HR practices and other strategic HR insights, you can still access Human Resources magazine here.

Written by Human Resources

October 22, 2008 at 10:00 am

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