Career Development, human resources management

Strategic Thinking Is More Than the Big Picture

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We all know the importance of strategic thinking. This is the thinking that will grow organizations into leaders in their industry or spheres. Many managers are busy with far too many daily routines and activities that consume most of their time and allow little time to concentrate on the strategic.

Tasks are no doubt important, but one should not get bogged down too much into them to lose sight of the big picture. Losing sight of the strategic results in total breakdown for the organization, which will just be doing things routinely without growing. The challenge for managers and leaders is to balance the tactical with the strategic.

Visualizing the strategic goal and then determining how to get there is what leadership is expected to do. A leader who wants to get to the next level and also take the organization there has to be strategic in her thinking. She has to bring in a strategic perspective.

What is this strategic perspective? It combines business insight with knowledge of the industry. It makes use of competitive information. It goes beyond bringing in a global perspective, and combines strategic skillsets with the tactical.

So, how does a leader inculcate strategic thinking? This will be taught at a webinar that TrainHR, a leading provider of professional training for the human resources arenas, will be organizing on June 13. Valerie Pelan, President of Integrated Focus, will be the expert at this webinar.

Please register for this sixty-minute webinar by visiting  http://bit.ly/2WsLVAF.

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This webinar is aimed at benefiting personnel such as Leaders, Managers, Individual Contributors, High Potentials, and Baby Boomers, i.e., anyone who is already performing a strategic role or will be called upon to do so.

Valerie will cover the following areas at this webinar:

  • Definition of strategic – but it is more than a simple definition
  • Its more than global perspective
  • It includes Business Acumen
  • Industry and competitive analysis – understand your company’s industry and competitors
  • Distinguish between the short term and long-term company financials
  • Tools include: SWOT analysis and Blue Ocean Strategy
  • Compare leadership skills with manager skills
  • Leader focuses on big picture while the manager focuses on tactical actions.

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About the expert: Valerie has been consulting and providing Executive coaching for over 10 years. Her company provides leadership coaching to leaders and high potentials. Her areas of expertise are executive presence, career transitioning and leading change.

She provides her corporate clients with a strategic and global perspective that combines her business experience working in Fortune 100 companies and her experience as an entrepreneur. She works with the owners and executive teams in mid-sized companies providing Strategic Planning and communication skills.

 

human resources management

How to Build a Pay Structure without Regression Analysis

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Building a pay structure without regression analysis brings many advantages. To start with, it is easier. Secondly, it brings one major advantage over regression techniques: it allows pay lines that consider the importance of various job classifications to the organization to be created and manipulated effortlessly. Once this is done, it will offer a proper method for doing so. The pay professional will be in a position to better explain what she has done, and also give an understanding of what it means, to the organization’s stakeholders.

Learning on how to build a pay structure without a regression analysis is what a webinar from TrainHR, a leading provider of professional training for the human resources areas, will offer. The core of this session, being organized on June 12, is to help build a pay structure, starting from hypothetical pay survey data. David J. Wudyka, an independent Human Resource Consultant, will be the expert at this webinar.

Want to gain valuable insights into how to do this? Please register for this session by visiting http://bit.ly/2WiJMan.

This webinar has been approved for 1.5 HR (General) recertification credit hours toward aPHR, PHR, PHRca, SPHR, GPHR, PHRi and SPHRi recertification through HR Certification Institute (HRCI).

This webinar, which is of immense value to Human Resource Managers, Compensation Analysts, Compensation Managers, and Financial Managers of HR Departments; will cover the following areas:

  • What data to use from pay surveys you possess
  • The importance of benchmark jobs and their associated data
  • How much survey data to use for building the pay structure
  • What a “weighted average” is
  • What to use as a measure of the pay range midpoint: “weighted averages” or “medians”?
  • The value of on-line pay data: is it quality data?
  • How wide pay ranges should be
  • The ideal range for “midpoint to midpoint spreads”
  • What the “seed data” should be for the development of pay ranges
  • How to test and integrate your employee pay rates into the new pay structure
  • How often to update your pay structures?

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About the expert: David J. Wudyka, SPHR, brings over 30 years’ experience in the profession. He is the Managing Principal of Westminster Associates in Wrentham, MA, a Human Resource Consulting firm offering a wide array of Human Resource consulting services, including the design of Compensation programs.

He is one of the first people in the United States certified in the Compensation field by the World At Work. David is also an Adjunct Faculty member at several universities in New England, including the University of Massachusetts at Boston and the Massachusetts College of Pharmacy and Health Sciences in Boston.

 

Human Capital, human resources management, Human Resources Policies

Building Salary Budgets and Merit Matrices in Today’s Economy

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TrainHR, a leading provider of professional training for all the areas of human resources, is organizing a webinar on the topic, “Building Salary Budgets and Merit Matrices in Today’s Economy”, on March 6. Teri Morning, founder and President of Hindsight Human Resources, will be the speaker at this 60-minute session.

Please log on to http://bit.ly/2DuSdnN to enroll for this webinar.

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The rationale for salary raises is that the employee must have performed to expectations or exceeded them. Another criterion that triggers and justifies a raise is the employee’s exemplary attitude, work ethic, skill, and integrity at work. HR and management should decide the quantum of raise for an employee based on these criteria, plus the other important one, which takes the budgetary allocation for this exercise, into consideration.

Since the salary outlay is often the biggest chunk of expense for most companies, they need to use this resource very adeptly and wisely. The extra budgetary allocation for salaries should lead to more results by bringing about increased efficiency and improved skills from the employees.

This is the result that the concept of Merit Based Compensation (MBC) should bring about in the company. So, it is imperative for management and HR to understand how to make MBC work for the company in a just and effective manner.

Clarity on how to make Merit Based Compensation and Merit-based Performance Matrix work

This is the learning this webinar will impart. Teri will show how linking performance or other parameters mentioned above, or not linking, will drive home the message to employees about what management expects from them and what kind of work or attitude gets rewarded and what doesn’t.

Teri will also show what role a Merit-based Performance Matrix (MBM) can play in this process. Its full definition, namely merit-based, pay-for-performance matrix, should give an idea of what this concept means: MBM can be seen as an indicator for managers, HR and supervisors, using which they could suggest pay increases that are both fair and are supportive of the organization’s business objectives. The Merit-based Performance Matrix links performance with the market rate for pay in a particular sector.

This session is particularly useful for personnel that deal with performance and pay, such as CFO’s, HR Managers, HR Generalists, Plant Managers, Business Owners and CEO’s, Compensation Professionals and Benefit Professionals.

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About the speaker:

Teri Morning is the founder and President of Hindsight Human Resources. An SHRM-certified Senior Certified Professional, Teri has consulted with employers on their problems and trained managers and employees for over 20 years, during which she has met and worked with employees from all types of businesses.

During these two decades and more, Teri has acquired human resource and training experience in a variety of fields, including retail, distribution, architectural, engineering, consulting, manufacturing, public sector and both profit and non-profit companies.