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4: define people strategy

       

Defining corporate strategy, goals, priorities and targets, will only be effective to the extent that the people within the organisation have the skills needed to deliver.

A parallel stream to developing corporate goals must be a rigorous analysis of the people skills that will be needed and an inventory of existing resources.

This will require the company to consider its Resourcing, Development and Talent Management processes.

For example:

  • what will be the strategy for recruitment, retention and development of people?
  • will the organisation train its own people and nurture them over the longer term or will it buy-in fully trained people to do the job?
  • is stability required or does the organisational culture tolerate high staff turnover?
  • is the people strategy consistent with corporate values?
  • can the corporate goals be achieved with the existing people strategy?

Step 5 >>

 

pay for performance: our approach

 

1:

define corporate strategy & KPIs

 

2:

define BU goals & priorities

 

3:

agree targets for performance contract

 

4:

define people strategy

 

5:

define relationship of pay to performance

 

6:

define employee performance goals

 

7:

manage individual performance

 

8:

pay for performance

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