Several factors play an important role in ensuring the growth and success of a business organization. The level of commitment and dedication of its employees is perhaps the most important of these factors. That is why companies need to have a well-defined policy for monitoring and assessing the performance of the various members of the workforce. Investing in employee assessment is also essential due to the below-discussed key reasons.
For Deciding Appropriate Employee Appraisals Assessing the performance of individual members of the workforce makes it easier for organizations to decide the most appropriate appraisal to be offered to them. This helps in ensuring that high performing employees feel valued and motivated to keep up their good performance. It also helps in creating a performance-based and growth-oriented workplace culture that promotes healthy competition between coworkers. Understanding Employee Strengths And Weaknesses Performance assessment helps organizations to gain a better understanding of the strengths and weaknesses of their employees. This makes the process of delegating tasks much easier and streamline and also helps in building teams that can consistently accomplish the goals assigned to them. Being aware of what each employee is capable of doing and what skills they lack also ensures more effective talent mapping within the organizations, which, in turn, impacts business growth and success. Helps In Establishing Up Clear And Realistic Objectives Regularly assessing the performance of employees is also essential to help organizations set clear and achievable business objectives. Based on the competence and capabilities of their employees, organizations can realistically plan their future growth prospects. They can also work towards improving the performance of the members of their workforce by organizing skill enhancement programs and training sessions. Assessing the performance of the employees after these sessions enable organizations to realign their goals for better growth as per the enhanced performance efficiency of their employees. Building An In-House Talent Pool One of the key reasons that justify the time and effort invested by organizations in performance assessment is that it helps with the development of an in-house talent pool. Performance assessment can be done at various levels and leadership assessment often forms an integral part of the process. This makes it easier for orgaizations to identify those members of the workforce, most suitable for taking up leadership roles in the future. Companies can then focus on enhancing the skills and competence of such employees to prepare them for such key positions. Moreover, performance assessment also helps organizations to gain a better understanding of any talent gaps within the workforce and take the necessary measures to rectify the same.
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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. Building a team is never an easy task. And to keep up the spirit of the team high consistently is a task that is even more difficult. With the constant growth and change in our surroundings, they face a constant struggle in adapting it in our lifestyles and workspace. Leaders of a particular team often lose their path with demanding needs and responsibilities. And for firms to survive on a productive note, it is necessary to have a healthy work atmosphere where the employees actively add value with their work. This has been a prime reason for companies to invest highly in organisation development also known as OD process.
Change is striving which makes it unpredictable for firms to adapt through it, internally as well as externally. Hence companies hire specialised OD consultants who provide them assistance with their ongoing difficulties. An OD consultant’s role is to develop and implement all aspects of the company’s organisational development. They design training programs, come up with powerful effective change management initiatives, and reflect on the ongoing development of a company to link with better execution of the goals. Employees are the real asset of any firm, be it an MNC or a start-up. If immense efforts and planning is involved while hiring an employee, productivity gets better. Hence firms focus on effective talent mapping to fasten their belts for achieving upcoming goals as well. Talent mapping provides clarity on the readiness of a firm’s current workforce and market information on the high potential candidates as per work structure. It is an intensive aspect of in-depth recruiting that is highly adhered by firms, especially for vital positions. Today, with the growing awareness about successful results in employee-related tasks, there are multiple OD consultants in India. Cornerstone International Group, a global company is one of the prestigious firms in this industry. What makes them stand out is that they are HR & OD consultants in India who serve a complete employee based service. From leadership consultancy to the strategic employee and resource planning, they do it all. And their thriving global experience is the cherry on the cake. Cornerstone is a leading executive search advisory from past 30 years in 70 cities spread over 44 countries. When we say we have the contact, and network worth for your business we say this with confidence and experience. Our honesty towards are business is our ultimate motto. We are known for giving best OD Consultants in India and worldwide. We are on the top charts with work and experience from a very long time. We have developed an impression of competitive, professional and a company that is going to be with you for a long time.
Our expertise lie in industry verticals that are particularly focused on bringing industry transformation and raise complexity. There is not a single sector where we don’t have our best candidate assigned upon. We have divided our expertise in functional roles that helps us to understand where are we best and where we need to improve. Talent Mapping. Some of the title roles:
These are only half of our roles, we have many more such roles assigned. For - HR & OD Consultants in India and other parts of the world and various services we are available all day all night. Besides, we also provide solutions to Leadership Consulting. Our approach lies in untimely working as a team and when it comes to client and other side then to understand it completely and then start the operations so that we can deliver the best for you. We celebrate our association with the team and client. We follow the words of Elbert Einstein and strive not to be a success but of some value. With our utmost care of candidates we also take care of our client with their privacy and confidentiality. Talent mapping is a strategic service used by companies to plan for short, medium, and long term talent acquisition. It is generally used to make sure that the recruitment process is carried out keeping the needs of the company in mind leading to a number of strategic talent acquisitions over a prolonged period of time.
Here is a list of benefits a company reaps from the mapping of their talent: 1. Inclusive Employee Assessment Talent mapping is a process of assessing the current and future effectiveness of the company in terms of human resources. The assessment involves the entire organization covering every level and function of the company. This presents a perfect opportunity to assess your employees and plan your talent acquisition strategy ahead of time thus leaving little room for panic hiring, one of the root causes of bad hires and companies operations going haywire in the long run. Having an inclusive assessment also presents an opportunity for employee engagement and thus helps you with leadership assessment and take necessary measures before a small challenge converts into a bigger problem for the company. 2. Identify Potential Leavers Another benefit of reviewing employee performance is that it can help uncover early signs of someone leaving the organization. Decreasing productivity, frequent leave of absence and so on can be the signs that the employee might be considering moving on to a new company. Once you gain enough clarity on this, you can plan your retention as well as hiring strategy better. 3. Opportunities For Internal Moves Talent mapping helps the organization to record the capabilities, experience and potential of each employee thus giving the leaders an opportunity to identify future leaders of the company within the company. This opens an opportunity of growth for many employees at the same time provides the company enough time to groom the potential employees for their future job roles. 4. Reducing The Time To Hire Rather than being caught out when a vacancy arises, talent mapping is a valuable method to ensure that the organisations gain a competitive people advantage in advance. Hiring a retained search firm can help you with creating a talent pipeline and can help you make several strategic hires over a prolonged period without having to go for panic hiring as and when the need arises. 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. "Recognizing your employee's efforts is like opening a new world of joy that no one has ever unlocked."
Employee Assessment - Why Is It Important? Companies, where employees are given regular feedback, have a 14.9% lesser turnover as compared to the companies with no effective feedback mechanism in place. Leadership assessment along with the team assessment is an important component of any company’s HR activity. Constructive feedback has the potential to improve the overall performance of the employees as it gives them a chance to improve as they go in their job and leaves room for fixing their wrongs before the upcoming appraisal cycle Talent Mapping. It is very simple to understand. Imagine yourself being an employee who has been doing all the right things but every year when it comes to ratings, he doesn’t get what he thought he would. This breeds frustration which leads to poor performance and ultimately termination or resignation. So what was the employee doing wrong? The answer is nothing. He doesn’t know what he needs to do to improve his performance and so helpless, he is trying everything he could. Constructive feedback can help give such employees direction and thus instills a feeling of loyalty in them too. Why Assessment Is Important? Performance Management Employee assessment is a proactive approach to manage the performance of your employees. It also helps you to identify the gap in the skills of your employees and gives you time to plan a well-planned employee training programs. Assessments are a great way to equip the employees with actionable inputs so they can work in tandem with their managers and create a growth culture in the company. A regular assessment program improves the overall performance of the employees and helps them have a clear picture of their future career growth. Long-Term Growth Plans Of The Organization Assessment plays an important role in the whole planning process for the long-term growth of an organization. The idea is to assess your resources before you start to plan your growth. This will give you a realistic picture and will help you set achievable goals for your company. In other words, it is an exercise in identifying whether the organization has the required resources in order to collectively grow to the next level thus making this whole process less about the individual’s performance and more about how it can help the individual to perform better. Help Strengthen Team Bonds This helps align team performance in sync with the organizational goals ensuring that every team is working towards achieving a common goal. The individual role is therefore assessed in the light of a wider team and constructive ways are explored to meet the benchmark for team effectiveness. Resolve Grievances In Teal Time No assessment is one way. Having a feedback mechanism opens a constructive channel of communication where the employee’s grievances can be heard and addressed in a timely manner before it festers into a bigger problem. Speedy conflict resolution boosts employee morale, performance, and productivity. Delinking From Compensation Traditionally, monetary rewards were considered as the only parameter for better performance but that is changing rapidly. Today, employees prioritize rewards over professional development. In an increasingly fast-paced work environment, the organization needs to stay relevant for its employees too otherwise they would look for an outside opportunity and leave the organization. Do you think your organization can benefit from increased productivity and high efficiency? What kind of question is that? The answer is an obvious YES. A good way to achieve your organizational goals is to hire OD Consultants in India.
OD or organizational development is the practice of planned, systemic change in the attitude, beliefs, and values of employees encouraging them to have long-term goals to ensure personal growth at the same time become a crucial factor in organizational success. The purpose of OD consultants is to help the organization to respond effectively and adapt to industry/market changes and technological advances. Here is a list of 5 key benefits of hiring ODs for your company: Continuous Improvement Any organization can’t risk being obsolete as today’s dynamic market does not wait for you to adapt to the changes. In no time, you will see your competition capturing your market in front of your eyes. Studies have shown that the companies that engage in OD continually improve their business and offerings. By creating a continuous cycle of improvement, the OD helps the organizations in planning, implementing, evaluating and thus improving the overall strategies further. Increased Communication Another advantage to OD is an increase in feedback, communication, and interaction that helps align all employees to shared company values and long-term goals. In the long run, this helps increase understanding of the need for change thus keeping you ahead in the game. Employee Assessment And Development With an increased focus on communication, employees can be encouraged to be a part of decision making thus bringing about the desired changes in the organization for good. The assessment reports help both parties equally. It opens the improvement channels for the employees to work on. It also helps in talent mapping encouraging the organization to regularly enhance employee’s skills in order to stay relevant in the evolving market requirements. Product & Service Enhancement Another major benefit of OD is constant innovation without which no organization can achieve growth and success in the long run. Innovation helps in product and service enhancement giving the necessary edge to the company over its competitors. Innovation can be achieved through employee development which can be achieved through rewards and by boosting motivation and morale. Creating an environment of innovation help enhance employee engagement leading to increased productivity and efficiency of the company. Increased Profit Any company that grows with its employees is bound to increase its profit numbers and that is exactly what OD consultants can help you achieve. All the above advantages culminate in the ultimate advantage which is the sole purpose of any business that is the PROFIT. Through raised innovation and productivity, the overall efficiency of employees is improved and profits are increased. Costs are also curbed by creating a continuous learning environment for the employees thus minimizing the overall turnover rate and absenteeism. 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. |
AuthorCornerstone India is a leading player in CXO Search, Board Search for Independent Directors and Leadership Advisory services. Archives
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