Cornerstone's OD Consultants in India ensure its clients the best experience creating organizational effectiveness in their businesses. Its professional consultants' hands-on experiences in different facets of employee lifecycle will leverage its clients' output.
After a business reaches its pinnacle, be it a multi-national company or a small local company, it is crucial to keep the game going by keeping a check on its future aspirations. Moreover, with higher competition between the competitors, it is essential to understand where the business stands in the current market scenario to set strong agendas and strategies. OD or organizational development is the practice to be adopted to achieve higher efficiency and increased productivity in a business. In order to gain a positive perspective and great output for the business, the major key is to have a great rapport with the people whom you work with, to bring out the best in each and every other member to maximise their performances. Only a healthy work atmosphere will cater to add value to employee's performances. Cornerstone's HR & OD Consultants in India facilitate this goal by identifying the nature of the business, after which they formulate strategies suited to the needs of the organization to solve its ongoing difficulties. An OD Consultant then designs programs, effective organization systems, and change management initiatives to optimize a firm's performance. OD consultants at Cornerstone are dedicated and committed professionals with experiences in various fields. They will help in providing faster solutions to the firm with their view from a larger perspective. Hiring an OD Consultant can save a firm a considerable cost and improve the business's efficiency as a whole. Besides, talent mapping is resorted to by companies to get
At Cornerstone's, talent mapping services include comparison and contrast of internal organizational structures and top potential employees against those of other leading competitors. It considers the following factors while hiring employees to enable firms to make a strategy for their businesses:
Employees are the major asset of a firm, and investing in human capital will only improve the firm's overall productivity. Hence, the assistance of the leading OD Consultants in India, Cornerstone International Group, will add value to the clients' business and makes them stand out in the competitive market.
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One of the key challenges faced by companies is that of developing a growth strategy that enables them to outperform their market over a minimum of the next 10 years. Sadly, most organizations fail to develop such a strategy and thus end up merely keeping up with or even trailing behind their market. That is why an increasing number of organizations today are seeking the services of strategy consulting firms India. The professional strategy consultants employed by these firms help companies to avoid the below-discussed mistakes that prevent the development of a great strategy.
Preference For Existing Assets Over The Ones That Must Be Owned It is quite common for organizations to hold on to their existing business assets for too long. This makes them ignore the importance of investing in assets that can help them to enhance and transform their profit-making processes. This prevents the organizations from capitalizing on the available growth opportunities and mitigating the threats from new players in the market. Overlooking the Need to Modify Current Management Routines Business leaders tend to become comfortable with the existing reporting structures and routines and thus avoid changing them as per changing market needs. Hiring the services of strategy and leadership consulting firms ensures that business leaders understand the significance of thinking beyond today’s performance. This is essential to help them to recognize the true boundaries and inter dependencies of business units. It also teaches them the significance of avoiding the habit of thinking about the potential of the business according to its current performance. Focusing On Democratic Allocation of Resources Business organizations often feel that allocating resources evenly across the business divisions according to the previous years' performance. However, such a democratic allocation of resources can prevent companies from making most of the investment options and potential returns that might impact business growth. The professional strategy consultants believe that such an approach by organizations makes them focus too much on protection against downside scenarios rather than capturing upside ones. It is also important to set clear priorities and resolve trade-offs across the leadership portfolios to get the best results. Failure to Take Market Uncertainty into Account According to the top HR strategy consultants, one of the biggest mistakes committed by organizations is their failure to consider market uncertainty. This can have deeply damaging consequences especially in the ever-evolving markets of today with the rapid pace of digitization and shifting business boundaries. Companies need to develop no-regret initiatives and well-developed scenarios to make the development of great business strategies relatively easier and hassle-free. Globalisation has led to multiple changes in the Indian work environment. One of the major changes is the growing need for a skilled and strategic team. And with multiple companies, employees have more opportunities that lead to job changes. It has impacted company boards and CEOs to have a long-lasting team. This situation has resulted in the boom of the human resource industry in India.
Human Resource, also known as HR is an expert firm that enables companies to hire qualified individuals. This section of career has made an upgrade with HR Strategy consultants. An HR strategic firm provides assistants to their clients with the deployment of strategies. Strategies play a major role in the execution of the vision of the company. Strategy enables companies to direct their work and team for a specific duration which brings clarity on the table. But developing strategies require explicit critical thinking, researching, planning, decision making at a high-end level. There is strategy consulting firms India has which cater their service to MNCs, mid-level firms and small businesses. Cornerstone International Group is a global company who have a wide presence in the Indian business market. They are known for providing end to end business solutions, especially regarding employees. For over 25 years, they have been weaving strategies for their clients that have made them prominent strategy providers. Their customised balanced scorecard has been their trump card that makes them stand out amongst the rest. Strategy consulting firms in India help companies manage different sets of operations of a company and provide proving long-term strategies that are profit-oriented and growth-generating in the long-run. HR strategy consultants focus on the most important part of your company that is the people. From planning training programs to employee benefits, their main focus is to help the company devise strategies in order to improve the efficiency and productivity of the employees at the same time improves the retention rate of the company Performance management consultants.
Here is a list of few advantages of hiring strategy consulting firms: 1. Saves Cost And Time Time is of prime essence when it comes to running a company. Consulting firms help you anticipate and deal with a number of organizational challenges and help devise solutions in a timely manner thus saving you a lot of time and money that can otherwise cost your company dear. In addition to this, these consultants are seasoned professionals having worked in similar problems in the past thus saves a huge time while choosing and implementing the right strategy. 2. Knowledge And Proficiency The consulting firms are knowledgeable experts having expertise in handling complex issues for years. These experienced professionals provide in-depth knowledge about the industry to help companies understand the business better and provide the right strategy to improve the productivity and efficiency of the company. 3. Enhance Productivity HR consultants help increase the productivity of a business by guiding over collaboration, communication, and knowledge sharing. They help create long-term plans and then work towards executing them and improving them with time. 4. Focus On Core Functions Of Business The consulting firms are focused on improving the chief activities of the business and guide the companies on adopting the schemes that will improve the working capability of an organization. Not only this but they also do this in a time-bound manner in order to ensure tangible results for the company faster. 5. Implementing Business Strategies Creating solutions and strategies for a company is easy but implementing them can become a nightmare if not done right. Having consulting firms in such situations can be a blessing as they can help you implement all the strategies in a smooth and hassle-free manner at the same time ensuring the maximum contribution of the employees. This technique of making employees a part of the business strategies can increase loyalty and thus productivity in the company. After reaching a record high in your organization’s production, it is now time to have a positive perspective and bright projections for the future. And the key to maximizing the performance comes when your people are working at their very best.
HR & OD consultants in India are third-party entities that can help you gain a better understanding of how your business operations work and then offer strategies to improve upon what you’ve already established. OD consultants in India help in talent mapping offering specialized assistance to optimize the performance of your organization and its employees. Here is a list of a few consulting benefits: Enjoy Help From A Specialist These professional consultants have years of experience in your exact field that can help you with quick decision making and future strategies. The fact that they have worked on similar projects in the past can help you mirror your situation and get faster solutions to your business and talent-related problems. This gives a sense of satisfaction that your business is being guided by an expert who has been in a similar situation before and has experience in tackling it in the best way possible. Get An Outside Take On Your Operations Another advantage of hiring a consultant is that it helps you see the problems from an outside perspective. This gives you the benefit of having a neutral eye to your challenges and thus would help you clear things up as to how to improve the overall efficiency of the employees and achieve growth of the organization in the best way possible. It Costs Less Than Hiring A New Employee A myth about hiring consultants is that they would be an extra cost, one you are not willing to take up. But in reality, hiring a consultant can save you a huge cost as you would need a whole team to take up the responsibility if you ever decide to keep the work in-house. In addition to this, hiring an employee would mean having to pay for benefits, technology, workspace, and more. Honest Feedback Have you also struggled for honest opinions from your employees who are always trying their best to please you? Hiring a consultant can help steer you in the right direction. Their job is to eliminate practices that are harmful to your organization. This kind of honest review can help you see a clear picture of your organization and thus can help you make difficult decisions. The relationship between an organization and a consultant should be collaborative, professional, and friendly and this includes having to handle criticism in a healthy way. After all, you are paying them to be honest and not to please you in the first place. The Top management faces a number of business challenges, but one of the deadliest of the challenges is to manage the human resource of the organization. Thus, the role of the HR has gone beyond traditional one and turned into a strategic one. This is the reason most of the organisations are hiring the services of HR strategy consultants.
We tell you how the HR consultants increase HR values in an organization:
The customers of HR consultants include top management, current employees and the prospective employees, in short, the corporate umbrella. These consultants need to define these customers and then deliver good experience to them in accordance with the individual needs of the customer. They even devise processes which are in line with the expectations of the different categories of customers, the HR professionals need to deal with.
Corporate culture, performance evaluation, employee engagement, operational efficiency and talent mapping are some of the key areas where the HR consultants can create an impact. They play a critical role in defining the organizational goals and then cascading the same to the employees. They follow a proactive approach and consult the Top Management in order to understand the necessary gaps and finding the solutions for the same.
The various HR strategy consulting firms India measures the progress of their initiatives and make sure to benchmark them with the prevailing industry standards. To understand the value of the progress made and measure in numbers, the feedback of the targeted segment also plays a key role. Thus, it helps in understanding the value of HR initiatives and also justifies the efforts taken for doing the same.
Once the HR consultants understand the impact created with the different initiatives taken by them, they move further and focus more upon expanding their actions for getting a better return. They understand the requirements and the related issues and then work out a solution by demonstrating the actions that are required to be taken for implementing the said solution. They ensure that an optimum utilization of resources is done for achieving the desired results.
The most crucial aspect of each and every HR strategy is its connect with the people who are going to be impacted by the said strategy implementation. It is the personal connect which creates employee engagement, loyalty and motivation in the employees in turn leading to a strong corporate culture. The values which are acknowledged and measured also helps in aligning the behavior. A strategic plan for HR initiatives here help in increasing the success quotient of the strategy. This is the reason each and every strategy is accompanied with a guidelines and the intended results. It’s high time HR makes a giant leap and evolves itself to cater to the different customer base of the organization by understanding the value and capitalizing on the same. This will lead to better hiring, increase in efficiency and productivity and thus the overall success of the organization. Integrating Compensation Planning With Financial And HR Objectives For Better Employee Retention8/1/2019 For most organizations today, the ability to attract and retain top talent in a highly competitive environment is at the forefront of their business development efforts. Contrary to the popular belief, attracting, motivating and retaining a highly-skilled and diverse workforce in a limited budget is quite possible. For this, companies need to have a more strategic approach to compensation management.
Taking A Closer Look At Compensation Management Compensation management is the process aimed at ensuring that any investment decisions related to paying the employees of an organization are made in an effective manner. In this context, organizations generally seek the help and advice of HR strategy consultants and compensation professionals for developing a well-defined compensation management process. The processes focus on the key objectives of ensuring appropriate compensation to professionals with different skills and experience levels, generating a return on investment and maximize the productivity of employees with the help of rewards and benefits. In addition, the process also uses compensation data to accurately predict the likely contributions of the employees to the organization in the future. This data is provided by managers based on their understanding of individual employees and their complete skill set and capabilities. Developing An Efficient Compensation Management Program An efficient compensation management program aims to enhance employee engagement besides aligning the business objectives of an organization. However, developing such a program is not an easy task as it involves the alignment of compensation plans with the financial and HR objectives. This helps in placing compensation as the key component of the overall talent strategy of an organization and fostering a culture based on performance. According to the experts from strategy execution consulting firms, employees feel valued in an organization that follows trusted performance feedback and promptly delivered reward system. This, in turn, helps in driving performance and ensuring better returns on compensation investments. Promoting Manager- Employee Communication An important aspect of developing an efficient compensation management program is efficient communication between managers and employees. Promoting a transparent dialogue between managers and employees helps the leaders to efficiently communicate the basis of staffing and pay decisions. It also helps them to explain any compensation discrepancies to the employees with the support of reliable and fair data. Professionals offering leadership consulting services also stress on the importance of promoting a coaching dialogue between managers and employees. Such dialogue helps the managers to gain a better understanding of the employee capabilities and their significance towards fulfillment of business objectives. This information can then be used for taking more accurate and effective compensation decisions in the future. Significance Of Rewards And Recognition It has become important for business organizations to ensure that they invest in employees, who contribute more to the organization while staying within their compensation budget. Moreover, frequent and informal rewards and recognition also need to be factored in for efficient compensation planning. A well-planned compensation program aligns award categories with employee behaviors that the organizations need to encourage. For this managers need to gain a clear understanding of both the financial and HR objectives of the company. It helps in incorporating a company culture where rewarded behaviors are supported by organizational values. Efficient leaders play an important role in building strong teams and ensuring the consistent growth and success of an organization. However, finding the right executive leaders from external talent pools can often prove to be a time consuming process. This has led the business organizations to look at alternate methods for finding the most efficient candidates through alternate methods. One such method is that of developing leadership talent within the organization itself. In fact, an increasing number of business organizations are becoming aware of the various benefits of using this method. The below discussed five guidelines can help organizations to turn their competent managers in to great efficient leaders.
Clarifying The Difference Between Managing And Leading According to the top professionals offering leadership consulting services, most managers are unaware of the difference between managing teams and leading them. Educating their top performing managers about the difference between the two is the basic requirement for turning them into efficient leaders. The managers need to understand that while management is about deliverables, production schedules and budgets, leadership is more about people and their needs and expectations. Teach The Significance Of Constructive Feedback Constructive feedback is an extremely important tool that can be used by business leaders to motivate their teams and improve their efficiency. In addition, it helps establish a strong relationship based on mutual understanding and trust between the leaders and their followers. Constructive feedback also helps in improving the level of openness between the leaders and the followers. This in turn ensures better sharing of ideas and opinions between the two which is essential for the success of a leader. Provide A Reminder About The Tenets Of Leadership The business organizations should make sure that they remind the top managers about the various tenets of leadership from time to time. They need to make the prospective leadership candidates well aware about aspects such as articulating values, need to establish trust, adapt an inspiring approach ad develop the courage to make tough decisions. While these aspects might not necessarily form a part of the working of managers, they are integral to the successful performance of every efficient leader. The organizations might also choose to invest in training programs designed to teach the managers in these aspects. Make Leadership A Part Of Their Professional Objectives One of the most effective ways to turn good managers into great leaders is by making leadership an integral part of their professional goals. This essentially means that the business organizations should work towards ensuring that that every aspect of the professional growth of the prospective leadership candidates should focus on improving their leadership performance. These aspects might include the professional evaluation, compensation and even the development goals of these candidates. Be Sure To Lead By Example No one can teach the nuances of efficient leadership to competent managers better than great leaders themselves. That is why HR strategy consultants stress on the importance of using the most efficient leaders within an organization to teach prospective candidates by example. It is important for the organizations to understand that the actions of great leaders prove more influential than almost anything they might say or preach. Employee engagement has become one of the most critical aspects for ensuring higher retention and greater productivity of a workforce. In this context better internal communication is one of the key focus areas as it ensures that the members of the workforce have a common understanding if the company objectives and are able to discuss the different ways to achieve the same in a free and frank manner. Discussed below are the 7 effective ways suggested by employee engagement firms in India for improving internal communication.
Open Plan Office An open plan office helps in breaking down any physical and psychological barriers that might prevent the employees from communicating freely. More importantly, it helps in creating a pleasant work environment where the junior members of the staff do not feel embarrassed or fearful about expressing their views and opinions. Open Lines Of Communication Some responsibility of improving internal communication also rests on the managers within a business organization. They need to work towards establishing open lines of communication with their peers and subordinates. They need to assure their co-workers about being easily approachable without feeling the fear of reproach or embarrassment. Lead By Example The top level executives within an organization need to make sure that they adapt the style communication they want their team members to follow. This means that they should communicate effectively with the employees at all times, whether it is while talking about non-professional issues or providing constructive feedback to them. Employees are likely to be more influenced by watching their leaders practice the things that they preach. Use Software And Technology In addition to face to face interaction, business organizations should also integrate the use of software and technology for internal communication. The use of digital communication methodologies proves especially beneficial for organization with remote working employees. These communication tools such as emails and video conferencing help the remote employees to remain updated about the going-on at the workplace in real time. Make Use Of Messaging Apps It is not uncommon for organizations to have several collaborative projects going on simultaneously. Using messaging apps to communicate vital information to the employees involved in these projects helps in improving internal communication quite significantly. In addition to the one-on-one messaging facility, these apps also offer group chatting to make it easier for people to communicate even while they are on the move. Regular Accomplishment Reports The experts from the HR consulting firms in India believe that providing regular reports to the employees about the accomplishments of the team over a specific time period. This provides a common ground of discussion for the employees to enhance the overall accomplishments over the next fixed period. It also provides an avenue for the employees to offer their feedback and opinions to make assured improvements. Provide Opportunities For Non-Professional Communication Providing the employees with avenues of non-professional communication is one of the most effective ways to improve internal communication. As the employees connect on a more personal level there bonds within the workplace are likely to grow stronger. This can in turn help in ensuring a significant rise in hassle free communication and mutual co-ordination between employees. There is no denying the fact that technology has come to play a key role in speeding up the recruitment process and making it more efficient and manageable. Of the various technological tools being used by the leading HR consulting firms in India and across the globe, Artificial Intelligence (AI) is believed to be the most impactful. Even though, the use of this innovative technology in the field of talent recruitment is still in its initial stages, its wide ranging benefits are already making headlines. In fact, the top recruitment experts are now discussing about the most likely ways in which the integration of AI into the recruitment process can help change its future. The 5 most important ways in which AI can change the recruitment and hiring practices are discussed in brief as follows.
Can Make Hiring Faster And Smarter Most experts feel that the use of AI can help to increase the efficiency of the hiring process besides enhancing the overall speed of the process. The technology will be used to scan and identify the best candidates for specific job positions in a smarter and more reliable manner. The use of AI is also expected to automate the process of scheduling besides ensuring better responses from candidates through the use of natural language processing. The AI analytics can also come in handy for capturing both qualitative and quantitative data about the candidates to help the recruiters prepare better for situational and behavioural interviews. This will in turn help in minimizing the risk of a wrong match quite considerably. Can Help Promote Thoughtful Recruiting Artificial intelligence can prove highly effective bridging the gap of limited human time and bandwidth to ensure better recruitment results. In fact many experts are even considering the possibility of using the technology to conduct interviews with candidates and doing follow ups with them. This can assure the recruiters of an unprecedented communication system in the hiring process. It can go a long way in fine-tuning the recruitment system and minimizing the risk of losing good candidates due to poor communication. Can Prove Effective In Minimizing Hiring Bias Hiring bias, both intentional and unintentional can prove to be a major setback for even the best recruitment strategies. This problem can be easily resolved by using AI as an integral part of the recruitment process. The technology can help ensure the assessment of the various skills and competencies without being even slightly partial to any one candidate. The technology focuses solely on matching the provided list of skill sets at both professional and psychological levels with the ones desired for a specific job position. This naturally helps to eliminate the hiring bias that most humans teams are susceptible to. Can Help Boost Overall Hiring Efficiency Given that the use of AI can help in streamlining the overall hiring process while also reducing its overall time, it is not surprising that top HR strategy consultants believe it to cause a significant enhancement in hiring efficiency. An increasing number of recruiters have already started using AI for performing the seemingly mundane hiring tasks of scanning resumes, scheduling interviews and even sending routine e-mails. Not surprisingly, they have been experiencing an increase in adherence to established timelines, which is the first step towards increased efficiency and improved candidate engagement. Can Lead To Perfect Searching And Outreach One of the major challenges faced by recruiters today, AI is that of expanding their outreach and sourcing of the perfect candidates. The technology can make use of the data available on various platforms and channels to help the recruiters identify the right candidates, including the passive ones. This can help the in expanding the perfect searching and outreach for the recruiters in a highly effective and discreet manner. |
AuthorCornerstone India is a leading player in CXO Search, Board Search for Independent Directors and Leadership Advisory services. Archives
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