MPOII: May 9: Defining Competencies and Acquiring Talent

  1. Reasons for International Joint Ventures
    Gain and transfer technical/administrative knowledge

    Respond to host government insistence

    Gain local knowledge

    Gain rapid market entry and expand total market

    Capture increased economies of scale

    Obtain raw materials

    Spread risk

    Improve competitive advantage in the face of global competition

    Support organization’s internationalization goals
  2. Reasons for IJV Failure
    Relative importance battles

    Divergent objectives

    Control problems

    Comparative contributions and appropriations

    Cultural issues
  3. Informal Organizations...
    Embodies normative values and beliefs

    Provides a sense of identity

    Socializes members

    Can be coded into official documents

    Can create a barrier of changeCan create conflict between merged firms
  4. Overall, HRM policies and practices of foreign subsidiaries often resemble
    competitors rather than parent company.
  5. Top 8 Strategy Mapping/ Scorecarding Pitfalls
    1.Senior management is not convinced and shows little commitment.

    2.The Scorecards are developed by ‘the happy few.’

    3.The internal/external project members have limited or only theoretical knowledge.

    4.The Balanced Scorecard is only used by top management.

    5.The Balanced Scorecard stays too long at the development stage before being launched and used.

    6.There are not enough links to the strategy and planning processes.

    7.The content (measures, objectives, targets and initiatives) of the Balanced Scorecard is unrealistic.

    8.The Balanced Scorecard is only used for pay purposes NOT hypothesis testing or even strategic alignment.
  6. Organizational Competencies
    The universe of employee skills that the organization must have to achieve its strategic plans.
  7. Job Competencies -
    The measurable or observable knowledge, skills, and abilities, critical to successful performance in a particular job.
  8. Core Competencies
    Defining capabilities or advantages that distinguish an enterprise from its competitors. Core competencies represent the combination of pooled knowledge and technical capacities that allow a business to be competitive in the marketplace. Core competencies cannot be easily imitated.
  9. How do we take the core competencies of our organization and ensure that these competencies pervade our HR practices?
    Competency Modeling
  10. How Competency Models Can Enhance HRM Systems by Lucia & Lepsinger
    Competency models can be the foundation of HRM systems.

    They can readily foster achievement of strategic goals, implementation of change, and performance down to the job level.

    Competency models can be of all HR and Talent Management practices.

    In short, competency models provide a systematic way for us to have the right people in the right place at the right time.
  11. What is a competency model?
    A competency model is a collection of competencies that together define successful performance in a particular work setting. Competency models are the foundation for important human resource functions such as recruitment and hiring, training and development, and performance management.
  12. Competency Model Implementation Universal Success Factors
    -Tie competency model to business objectives

    -Gain and publicize support by senior leadership-Commit HR and manager time and effort

    -Communicate with and get buy-in from employees

    -Start somewhere and expand-
  13. Benefits of competency modeling
    • For the organization:
    • Employee retention
    • Develops employees for the succession plan
    • Identifies relevant training for job levels
    • Provides measures for performance required to meet organizational goals
    • Ensure effective employee selection (Hire for attitude, train for skill)

    • For employees
    • Knowing clearly what the job requires
    • Know what skills they would need to develop to move up
    • Identifies whether a performance issue is attributable to an employee or organizational factors
    • Brings fairness
    • During hiring, employees know what the job truly entails
  14. Competency Modelling Key Steps
    1.Determine the organizational challenge(s) that competency modelling may be able to help solve.

    2.Determine line involvement and competency model approval process.

    3.Determine the target jobs for analysis.

    4.Identify effective and ineffective behaviors from below average, average and “star” performers in those jobs.

    5.Collect data using several approaches (measures, past evaluations, observation, customer feedback, etc.).

    6.Analyze the data and draft an interim competency model.


    7.Validate the model with job incumbents and managers within and across departments/functions/locations.

    8.Design/utilize HR processes/systems using the competency model.
  15. According to Dr. Brad Smart, author of Topgrading: How Leading Companies Win by Hiring, Coaching, and Keeping the Best People, the average cost of a mishire can be
    six times base salary for a sales rep, 15 times base salary for a manager, and as much as 27 times base salary for an executive.
  16. Recruitment
    The process of searching for prospective employees and stimulating and encouraging them to apply for the job.
  17. Selection:
    The process of differentiating between applicants in order to identify and hire those with a greater likelihood of success.
  18. Talent Spotting (original)
    the work of finding young people who are good at sport, music, etc. (This definition now gets applied to any number of positions requiring special talent or skills).
  19. Talent Acquisition
    the identification, relationship building and selection of people who possess special, creative/technical skills and who can influence, contribute to and/or drive our business by exerting extraordinary effort and exercising strong relationship management both in the role we need to fill and in future roles.
  20. Successful Talent Acquisition Process
    1. Anticipate the need (practice area, geography, demography)

    2. Specify the job (w/ competencies for short term and potential for long term)

    3. Develop the pool (leveraging traditional and nontraditional sources)

    4. Assess the candidates (via triangulation and multiple, primarily structured behavioral interviews)

    5. Close the deal (using relationship-based closer; don’t pressure but don’t be complacent)

    6. Integrate the newcomer (via work practices, expectations, and connections)

    7.Audit and review (strengths and flaws; selection and onboarding)
  21. Job descriptions should cover what people will
    learn, do and become and should be inspiring and motivating while focusing on results and performance (i.e., strategy execution).
  22. To create a solid job description:
    1) Consult the entire team;

    2) Distinguish among credentials (knowledge), skills, and attributes;

    3) Take your time;

    4) Ensure compliance with all legal restrictions;

    5) Describe your company’s culture;

    6) Write the description for an external audience;

    7) Reveal the salary of the job.
  23. Legal Restrictions
    • The Canadian Human Rights Act (CHRA) and the Employment Equity Act (EEA) entitle all individuals to equal employment opportunities without regard to:
    • race or colour
    • national or ethnic origin religionage
    • family or marital status
    • gender
    • pardoned conviction
    • disability, or sexual orientation

    Provincial labour law provides other stipulations: minimum wage, overtime rules, paid holidays, vacation days by tenure, emergency leave, pregnancy and parental leave, and severance pay provisions
  24. Structured behavioural Interviews
    The structured behavioral interview has several strengths that contribute to reliability, validity, legal defensibility, and perceptions of fairness. On the other hand, the unstructured interpersonal interview can be one of the most unreliable and invalid methods of selection available. The validity of the unstructured interview has been reported to be lower than most other types of selection systems. Due to the potential for subjectivity and bias, an unstructured interview process leaves an agency particularly vulnerable to legal attack. The structured behavioral interview also greatly enhances the quality and honesty of information gathered from employment interviews.

    • Ø“Past performance predicts future performance”
    • ØHigher validity and reliability
    • ØMust get the candidate to recount what they did rather than what they think you want to hear
  25. Targeted Questions
    1.Describe your experience in understanding and predicting the needs of your customers.


    2.What steps would you (do you) take to stay informed about our firm’s competitive market and what new products will help us stay ahead of the competition? What information is important to understand competitors? Give me an example of a nontraditional competitor you would want to learn about in this role.

    3.Give me an example of how you have addressed customer or partner segmentation. What were some of the more interesting findings? Which dimensions were more or less important? How do you apply the lessons learned to business outcomes and what was the result?
  26. Steps to Successful Behavioral Interviewing
    #1Identify what you are looking for by completing a job analysis and/or reviewing a recently updated position description.

    #2. Write behavioral questions to gather information.

    #3. Identify what constitutes successful demonstration of the competency.

    #4. Create/use a user-friendly rating guide.

    #5. Prepare the interview panel members before interviewing candidates.
Author
maylott
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321463
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MPOII: May 9: Defining Competencies and Acquiring Talent
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MPOII: May 9: Defining Competencies and Acquiring Talent
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