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INVESTING IN YOUR PEOPLE for Global Competitiveness Dr. Anna Bella D. Siriban-Manalang 8 November 2005 Business World-PEARL2 Marriot Hotel, Cebu People is Resource The houses make the town, but the people make the city People are your most important resource in the company.
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INVESTING IN YOUR PEOPLEfor Global CompetitivenessDr. Anna Bella D. Siriban-Manalang8 November 2005Business World-PEARL2Marriot Hotel, Cebu
People is Resource The houses make the town, but the people make the city People are your most important resource in the company. “People is the company,” Kelada.
Called to Excel For any country, industry, company and person to survive, we must be world-class. There is no other way. Excellence is the key. (Rex Resurreccion, 2004)
Called to Excel To be world-class, a company needs excellent people. (Rex Resurreccion, 2004)
Requisites to be world-class: Professional excellence at individual level Corporate excellence at company level (Rex Resurreccion, 2004)
WHY INVEST IN PEOPLE? 1. THE ENTREPRENEUR WHO GIVES HIS BEST WILL GET HIS REST 2.SO WE CAN BUILD HELP THIS COUNTRY.
GIVING ONE’S BEST AS AN ENTREPRENEUR MEAN 1. PUTTING ORDER INTO YOUR BUSINESS 2. INVEST IN YOUR PEOPLE OPTIMALLY
PUTTING ORDER INTO YOUR BUSINESS 1.1 Target realizable targets for your business 1.2 Recognize the life cycle of your business and your company
The Organizational Lifemap • There are 4 seasons in your organization’s lifespan.
Winter • Winter is a bleak time. • Visions arise from the red hot glow of the fireplace. Conversations are lively. • Time for anticipating the coming year’s harvest season. • Goals are set. Plans are made..
Spring • Spring is the time for definitive action – for saying, ”if a harvest is to be, it’s up to me!” • Hibernation ends. Seeds take root. • It is the time for gathering the best seeds, preparing the best soil, and planting ideas, energy and enthusiasm into a new crop.
Summer • Summer is the continual, regular cultivation, watering and fertilization. It is the time of great growth. • It is the season for feedback, progress reports and midcourse corrections.
Fall • Fall is the time for reaping the rewards of success! • It is the season for enjoying the fullness of life .
The Organizational Lifemap • Plan in winter, plant in spring, prune in summer and pull in fall to maximize the seasons of your life and your organization’s
The Organizational Lifemap • Go to your second curve while at peak so that the resultant curve is always improving.
The Organizational Lifemap • Ever-increasing resultant curve.
PUTTING ORDER INTO YOUR BUSINESS 1.3 Systematize, do 5S in your life, business and shopfloor 1.4 Prioritize: People, Raw materials, Information, Machinery, Environment & Utilities
PUTTING ORDER INTO YOUR BUSINESS 2.1 Hire and retain people according to CAP: COMPETENCE ATTITUDE & PACKAGING But mainly, ATTITUDE
PUTTING ORDER INTO YOUR BUSINESS 2.2 Assess training needs of your people depending on KASH requirements of each Job Description 2.3 Manage by Walking Around
PUTTING ORDER INTO YOUR BUSINESS 2.4 Train by choosing the best and most appropriate training intervention: 2.5.1 Delegate while motivating (Principle of Increasing you r People’s Comfort Zone) 2.5.2 On the Job Training 2.5.3 Protégé building 2.5.4 Seminar workshops
PUTTING ORDER INTO YOUR BUSINESS 2.5 Train by choosing the best and most appropriate training intervention: 2.5.1 Delegate while motivating (Principle of Increasing your People’s Comfort Zone) 2.5.2 On the Job Training 2.5.3 Protégé building 2.5.4 Seminar workshops
PUTTING ORDER INTO YOUR BUSINESS 2.5 Tune in to WIIFM Design and implement rationalized and equitable corporate incentive scheme
PUTTING ORDER INTO YOUR BUSINESS 2.6 Incorporate into Performance Appraisal System Things that get rewarded get done. Forecast costs & evaluate effectiveness for incentives and pay before announcing any program to the employees. Deliver what is promised. You can never take back what you have given.