Back in 2007 I described leadership development in a speech as “ensuring we have the right people, in the right place, at the right time, and at the right cost, now and years into the future.” When I coined the phrase, it felt like a winner– very easy to explain and understand. I still use this description in conversation, and even in recent posts! :)
For a year or two I felt original, then found that several others must have been generating similar ideas and thoughts for years. The U.S. Department of Interior came up with it in 2001 to describe Workforce Planning (WFP). The County of Fairfax in Virginia presented “Strategic Workforce Planning” in 2003 – noting at the link that “planning begins with the organization’s strategic plan.” In 2006 NOAA used the phrase in describing “workforce planning,” considered much more strategic than simply “succession planning.” The effort was called “One NOAA,” an effort to “develop, value, and sustain a world-class workforce.” In 2009 GFT used the phrase to describe “flexible resourcing.”
Today, Human Capital Institute, highly regarded in Human Resources circles, offers the SWP certification with this quote: “Strategic Workforce Planning is the most sought after skill in talent management today….”
Showing posts with label compensation. Show all posts
Showing posts with label compensation. Show all posts
Saturday, April 2, 2011
Friday, January 21, 2011
Case study: the annual review
Kaitlyn is a process engineer. She has worked for Jeremiah for quite some time, and feels like he understands her contributions to the team.
Several days ago, she had been looking forward to her annual performance review. She had saved the company $4 million in March of this past year, and remembered the praise Jeremiah had heaped on her in front of the company president. Shortly after this big win, the president asked Jeremiah to broaden her responsibilities. Kaitlyn expected a glowing review and a nice bonus check to cap off a stellar 2010.
Several days ago, she had been looking forward to her annual performance review. She had saved the company $4 million in March of this past year, and remembered the praise Jeremiah had heaped on her in front of the company president. Shortly after this big win, the president asked Jeremiah to broaden her responsibilities. Kaitlyn expected a glowing review and a nice bonus check to cap off a stellar 2010.
Sunday, January 2, 2011
Sun Tzu for Execution: How to Use the Art of War to Get Results
When I'm reading, I like to highlight passages and important nuggets of information that might be interesting or helpful to read again in the future. It directs the eyes and helps me maximize my reading based on my learning style.
At the end of Sun Tzu for Execution: How to use The Art of War to Get Results, by Steven W. Michaelson, I noticed that a great deal of the text had been underlined, something on just about every page.
At the end of Sun Tzu for Execution: How to use The Art of War to Get Results, by Steven W. Michaelson, I noticed that a great deal of the text had been underlined, something on just about every page.
Saturday, April 17, 2010
Foreclosures: what you need to know (a re-post from 2007)
This is a piece I had published in December 2007. As the pundits and reporters spin us out of the Great Recession, I thought it might be interesting to look back at my thoughts from a couple of years ago - as the pundits were spinning us into the Second Great Depression. Enjoy. :)
-Bryan
Bryan Seaford©2007
-Bryan
Foreclosures: what you need to know
Bryan Seaford©2007
Tuesday, March 23, 2010
Compensation considerations: taxes & discretionary effort
During a very interesting exchange at a recent gathering of business professionals, a conversation around compensation and benefits practices of different firms arose. We were talking about two specific firms that reward employees in different ways.
The first firm believed in cash compensation based on performance: if you deliver X, then you receive Y. Cash compensation is very high for this firm, but minimal additional benefits are paid to employees.
The second firm believed in lower cash compensation, but with a significant benefits package that included insurance, development opportunities, community involvement, and a generous retirement package.
Both firms are successful, and we pondered how the compensation philosophy affected the bottom line....
The first firm believed in cash compensation based on performance: if you deliver X, then you receive Y. Cash compensation is very high for this firm, but minimal additional benefits are paid to employees.
The second firm believed in lower cash compensation, but with a significant benefits package that included insurance, development opportunities, community involvement, and a generous retirement package.
Both firms are successful, and we pondered how the compensation philosophy affected the bottom line....
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