My business ideas that I pitched to three people this week
This week, three different people whom I spoke with enjoyed hearing about my business ideas. These people are Tatsuo Matsuo who is a HR manager of Fujitsu, Shinya Kitagawa who is a HR manager of Hitachi, and Dr. Thomas Field who is a director of the Agribusiness Entrepreneurship program. The following are the details:
Tatsuo Matsuo:
Mr. Matsuo is a competent HR manager with 12 years experience in HR consultations. He is interested in developing his own company that consults how to hire and train new and existing employees. He asked me for my opinion.
I introduced him about my project profile about the Talent Management Company, which is an innovative concept in organizational behavior to hire, train, and maintain top performers in companies. However, because this is a new HR program, most companies do not know to align Talent Management within their HR strategies.
Then, I explained the overview about the Talent Management project. Mr. Matsuo said that he would like to know more about my project on Skype in a week.
Shinya Kitagawa:
Shinya is a capable HR manager at Hitachi Corporation as well as my close friend of ten years. He is also thinking about developing his own company in the future. His interest is a Global Leadership program that shift leaders’ paradigm at companies, because Hitachi exports its train systems to Europe, the US, and Asia.
I encouraged him to start a company that assesses the competency of
Employees who have experience in leadership and have been in the industry a while would be in the talent pool called leadership talent. The next key concept after the employee has been placed in the talent pool, is to establish a planned development program which share and teaches them the business knowledge and well as professionalism, teamwork and leadership development. Another key concept is the increase of retention of employees identified in the various pools. One of the first key concepts of talent management for this “for-profit” organization is to develop talent and identify functional areas is linked to the business strategy. After you review the business strategy to ensure linked to the functional areas, you identify the focus areas. Next you identify and define the organizational capabilities, then define key leaders. Assess and define individual functional standards. Then identify and build talent systems components, and then measure impact and effectiveness. To help achieve these steps mentioned above you must implement a structured selection process. Develop a career development program that also assesses talent. Implement formal learning and developing programs. Merge functional competencies integrated with the performance management systems; measure and assess your outcomes and then reward and recognize employees that have excelled in the programs. The key components for the employee would be Selection; Development; Succession; and
Dr. Ulrich goes on to support the need for HR in today’s business world. He feels that there are 5 critical challenges that businesses face: Globalization, profitability through growth, technology, intellectual capital, and change (Ulrich 126). Conversely, these things do not matter on a competitive scale. All businesses need these things to survive, but they can be attained and copied. The only competitive weapon left is organization (Ulrich 127). That is where Ulrich believes HR plays its most vital role. The differences between the leading businesses in their respective markets is their organization. Top-tier businesses are run efficiently with good HR relations. For businesses to take the next step towards maximizing their operations, they must change the culture surrounding HR and train their HR teams to become sufficient in promoting higher employee morale. Ulrich is convinced that senior operating managers must value the “soft” matters, define and hold HR accountable for its results, invest in innovative practices, and upgrade HR professionals (Ulrich
Talent management tend to be critical, however most of the organizations end up flounder in the case of effectively leveraging a state of the art technology solution. The basis of the difficulties comes from the business benefits that have sharply diminished in the event of failure by the organization to take advantage of talent solutions that have integrated completely with the core human resource system of records as well as with one another, (Bill Millar, 2007). Due to this, organization will always fail to have a decided competitive advantage on the part of
This paper is going to describe OCBC’s unique approach to talent management and development. Compare OCBC’s approach to talent management and development to other organizations you are familiar with (e.g., current or past employers, a family business). Explain how OCBC’s approach to talent management and employee development been a primary contributing factor to the firm’s success. Evaluate the extent to which OCBC’s approach to talent management and development fits other organizations or industries, including some limitations if applied elsewhere without modification.
“The human resource planning process, demands the HR manager to first understand the business requirement. Only if he comprehends the nature and scope of the business, will he be able to employ those who will deliver the required performance. When it comes to engaging the
This activity is designed to encourage students to appreciate the process of generating business idea with limited funds. Anybody can come up with a good business idea regardless of their age, race, experience and others.
For an organisation to attract talent successfully, as part of the talent planning policy it needs to identify and assess what factors affect its approach to attracting talent. For example:
Johanna’s social skill in conjunction with her ability to drive results has made her successful in her current role as the Talent Acquisition Manager, overseeing a team of recruiters across two states, Massachusetts and Rhode Island. Her resourceful and innovative approach to recruitment has reduced overhead cost for the company when she developed a new division that supported the short term staffing needs of
How your calendar looks like to talk more about our service offerings and possible business opportunities.
Bank of America is a bank and financial holding company. It is a financial institution that serves individuals small and large business, large corporations and the government. The bank offers banking, investing, asset management, risk management, and other financial services. Through its subsidiaries and other nonbanking subsidiaries in the United States and international markets it provides six major segments. They are Deposits, Global Card Services, Home Loans and Insurance, Global Banking, and Global Wealth & Investments Management. The company is headquartered in Charlotte North Carolina and employees more than 283M people.
My first step, as a newly hired Human Resource Manager, would be the re-evaluation of the Human Capital (Ebert, R. J., & Griffin, R. W. 2016. p. 307) and structural reassignment of the talent management (Ebert, R. J., & Griffin, R. W. 2016. p.307) . ABC Company recently lifted hiring freeze and it is the sign of the positive economic growth – meaning new staffing needs and hiring guidelines. Development of the new hire staffing agenda will begin with implementation of the action plan and strategic plan.
At first, it was intimidating listening to Carmichael Lynch (CL) Talent Acquisition Director Ed Huerta-Margotta speak and provide insight about his agency’s hiring strategy. He got straight to the point in his presentation and emphasized his professional game of “hide and seek.” However, once Huerta-Margotta ran through his slides, he opened up the floor to questions, proving himself as a valuable student resource on applications, personal brand and hiring expectations.
Talent management is the integrated and systematic process of attracting, engaging and retaining key employees and potential organizational leaders. The main objective of the talent management is employee performance evaluation.
Talent acquisition is defined as the “strategic approach to identifying, attracting and onboarding top talent to efficiently and effectively meet dynamic business needs” (Erickson, 2012). Talent acquisition has the unique role of ensuring job applicants not only have the right credentials for the job, but also have the right mentality for the job. In other words, the person who ultimately will be offered the job needs to ‘fit’ within the firm’s structure and culture.
Unilever is a global company with around 400 different brands. They employ 168,000 people. The Unilever website writes, “Seven out of every ten households around the world contain at least one Unilever product, and our range of world-leading, household-name brands includes Lipton, Knorr, Dove, Axe, Hellmann’s and Omo. Trusted local brands designed to meet the specific needs of consumers in their home market include Blue Band, Pureit and Suave.” (2016) This company is a global employer that has their hiring methods. However, in this day and age, the hiring methods needs to be able to change with the ever changing times. In this paper I will analyze the effectiveness of the Unilever group’s decisions in their work as Talent Manager to attract, develop and retain the HR Manager for their respective organization. I will also compare their project to my group’s Google TMSP. Lastly, I will recommend how Unilever can recommend the best way to attract, develop, and retain the HR Managers for Unilever.