Wednesday, August 20, 2014

Evolving your organization by aligning your talent’s strengths with your core strategic values

The 2008 market crash cast doubt in many leaders’ minds in regards to the future of their organizations and the possibility of sustained growth. It led to a retrenching of companies and their capital, both human and financial. Fortunately the economy is now undergoing a consistent recovery and businesses must shift from survival to evolution mode in order to ensure that they profit from current opportunities.

A host of factors make today’s business environment unique and, as has been the case in every era, those who understand the spirit of the age and capitalize on its possibilities possess an undeniable edge over competitors and are ensured maximal success. The distinctive trait of business today is the rapidly changing nature of the workforce: baby boomers are reaching retirement age and are steadily exiting the market, while Millennials are entering the market and bringing about new notions of what human capital is and what one expects from a career. Just like capitalizing on the “nuclear family” model fueled the post-World War II economic boom, the ability to effectively employ this new type of human capital while maintaining a balance with the existing talent will enable visionary leaders to super-charge the current economic upturn.

Millennials have particular expectations and skills which must be harnessed to serve an organization’s strategic goals, while their talent must be thoroughly managed to ensure that individual attributes don’t translate into organizational flaws. Moreover, this new type of talent is as mobile as it is global, creating an ever-evolving paradigm of competency and specialization patterns. For example, The Intelligence Group Study[1] found that 74% of Millennials prefer flexible work schedules and it is common knowledge that they possess outstanding skills and sensibilities regarding social media. These characteristics could either be strengths or weaknesses, depending on how they are aligned to strategic values.

For any organization, the key to successfully balancing human capital needs and business objectives is to have internal alignment between the people that make the organization work, and the stated objectives the organization has given to the internal and external stakeholders. Powerful tools can be utilized to match your talent with the strategies they best serve, and monitor performance in order to ensure alignment and enrichment of both the workforce and the organization’s bottom line.

Nakisa can help you streamline goal alignment and the performance appraisal process so that you can focus on developing your top talent and calibrating their efforts to support your company’s most important objectives. With Nakisa® Goals & Performance™ you can:

       Cascade strategic goals across the organization using Nakisa ‘s configurable structures
       Respond quickly and accordingly to changing market conditions by leveraging the on-going performance management model
       Provide visualization and reporting tools for easy identification of where your organization is going and how it will get there using  the flexible charts and robust analytics
       Make performance appraisals a joint and transparent activity with the employee by using Nakisa’s  collaboration tools such as discussions, feedback and ratings

To learn more about Nakisa® Goals & Performance™, don’t miss the upcoming Nakisa webinar on September 3, 2014 at 10:00am ET.



[1] Source: http://www.forbes.com/sites/robasghar/2014/01/13/what-millennials-want-in-the-workplace-and-why-you-should-start-giving-it-to-them/