The Snitch

Just a little of everything HR

Archive for November 2008

Corporate drones

leave a comment »

Creative media agencies just love, love, love to use office workers in their ads, with the usual depiction of the “corporate drone” stereotype. Y’know, the pencil-pushing employee dressed in a boring shirt and tie and who just can’t wait for the weekend to come around.

One such video? National Arts Council’s new ad for its youth arts initiative, Noise Singapore.

Have trouble loading the video?  Why not check your company or computer’s firewall settings to make sure that YouTube videos can be streamed on your computer.

Advertisements

Written by Human Resources

November 28, 2008 at 3:29 pm

One question, three bosses

leave a comment »

“How has your people strategy changed in light of the economic downturn?”

Three business leaders tell us how their employees will be affected by the economic downturn at the recent Enterprise 50 Awards ceremony last Friday.

Have trouble loading the video?  Why not check your company or computer’s firewall settings to make sure that Youtube videos can be streamed on your computer.

Written by Human Resources

November 26, 2008 at 11:24 am

Posted in Video

How to let your CEO leave like Bill Gates

with one comment

In a corporate world, having good leadership succession planning is what makes companies outlive their competitors. According to this BusinessWeek article, a bad choice on CEO succession can lead to some pretty devastating consequences such as “erosion of stock price, defections of key talent, strategic missteps”.

Findings from the new “Succession Planning Highlight Report” by Institute for Corporate Productivity (i4cp) also showed nearly nine in 10 business professionals say succession planning will be an extremely important or important issue in the future. Three quarters of respondents ranked it among the top five challenges facing them in 2008 and in the future. Yet they are not spending enough time on this issue.

Jay Jamrog, i4cp’s vice president of research, said it’s important to have the discussion, even informally at first. Long term talks on setting a formal succession plan can follow after.

Another flaw in the current CEO succession planning by most companies is that they do not carry out sufficient research and objective evaluation against criteria for their candidates. Without a more rigorous research diligence on the candidates’ leadership and strategic capabilities before making last CEO succession call, the choice may be doomed to fail, like Palin.

Utilising the role of chief operating officer (COO) as a final testing ground for the CEO-in-waiting can also help ease the transition period and to ensure the top candidate really is the right choice for CEOship. The BusinessWeek article suggests “assigning specific organisation-wide initiatives to the COO” and “transitioning responsibilities between the CEO and COO in 6-month increments”. This would allow shareholders to see how the top candidate operates in an increased capacity for the company.

Furthermore, if the candidate disappoints, it is an escape clause for the board to pull the plug.

Finally, when the CEO is ready to step down, reassured that his heir apparent is ready to take the business to its next profitable level, he can spend his last day in office, just like how former Microsoft CEO Bill Gates did.

Watch on to find out.


Have trouble loading the video?  Why not check your company or computer’s firewall settings to make sure that Youtube videos can be streamed on your computer.

Written by Lee Xieli

November 25, 2008 at 4:08 pm

Posted in Leadership, Video

Detroit’s problem of employee healthcare

leave a comment »

Much talk is going on right now on whether the US government should bail out their local automobile industry (ie. Chrysler, General Motors and Ford). Part of the reason why these manufacturers are unable to compete with the likes of Honda and Toyota is because of the high pension wages and employee healthcare insurance which the Big Three companies have to foot. This is unlike in countries in Japan, where employee insurance is covered by the government.

According to a Washington Post article:

The Big Three pay much higher wages than production workers are paid in the nonunion auto firms and in the general economy. And the health-care costs of current workers and retired union members are an enormous additional burden.

Of course the whole blame cannot be placed on the cost of employee salaries and healthcare alone. The failure to produce anything other than SUVs and poor senior management is also reason for why Detroit is failing.

But it brings up a  pertinent question. In a globalised economy where bottom-line costs help determine how competitive a company is, who should bear healthcare costs? The government, employers or employees themselves?

I was sitting beside the very charismatic CEO of Opus IT Services, Charles Fan, earlier at the Enterprise 50 awards lunch today when this subject came up. From his perspective running a local SME, healthcare costs is definitely an issue which he deals with, and one which needs to be kept under control.

But even within MNCs, there is a trend is of moving away from an all-comprehensive healthcare package. More companies are starting to ask employees to co-pay part of the insurance or/and medication.

It is inevitable that healthcare cost is Asia will keep on rising due to longer lifespans and a shift to chronic lifestyle diseases. So what are some strategies companies are doing to keep costs low? Who should bear the onus of covering employee healthcare?

What are your thoughts?

Written by Human Resources

November 21, 2008 at 4:01 pm

Posted in Healthcare

“In My Day, Things Were Different!”

leave a comment »

With the financial crisis weighing on everyone’s mind, tensions may arise in the workplace, especially with a multigenerational workforce that is possibly already having the occasional clash due to generational differences. Human Resources magazine speaks to David Goldwich, a trainer specialising in managing workplace conflicts, on how to resolve employee disagreement or work tensions.

Watch on to find out.

Have trouble loading the video?  Why not check your company or computer’s firewall settings to make sure that Youtube videos can be streamed on your computer.

Written by Lee Xieli

November 21, 2008 at 3:57 pm

Posted in Video

Latest issue of Human Resources magazine

with one comment

Written by Human Resources

November 20, 2008 at 3:47 pm

All about the money

with 2 comments

It’s the time of the year when HR practitioners are planning their budgets for 2009.

Just yesterday, I had a quick chat with Samir Bedi, compensation & benefits leader for Hewitt Singapore to talk about what salary trends will likely come into play in 2009.

How big of a salary increase are employees likely to receive? How big of a Christmas bonus should you expect to get?

Watch on to find out.

Have trouble loading the video?  Why not check your company or computer’s firewall settings to make sure that Youtube videos can be streamed on your computer.

Written by Human Resources

November 18, 2008 at 9:48 am