Employee relations...
like a marriage contract...
Talent Management Summit focuses on employee engagement
An engaged
partner devotes him or herself to a loving relationship
for life. In the workplace,
too, in a sense we look for engaged employees.
According to Mr. Ken Chenault, Chairman & CEO
of American Express - "We define
'engaged employees' as those who feel consistently
motivated
to go
above and beyond expectations and are committed
to staying with the company over the longer term."
The issue of employee engagement was discussed
at the Talent Management Summit hosted by A-Performers.com on
12th December 2006 at the Grand
Hyatt Hong Kong. Packed with more than 100
human resources personnel, three esteemed senior
level professionals
were invited to share their views and strategies
on talent management, including Ms. Florence
Chow, Vice President of Human Resources, East
Asia, American Express International Inc.;
Ms. Vivian Hung, Principal Consultant and Organisation
Solution Leader, Watson Wyatt; and Dr. Frankie
Lam, Managing Director of HR-TotalSolution.
Engaged employees fall in love with their companies
"Talent management and marriage are similar
as both are 'people businesses'," says Ms.
Florence Chow. In her speech "The American
Express Employee Engagement Journey ",
she emphasises that there is a direct correlation
between engaged employees
and financial results. "Employee engagement,
both rationally and emotionally, can increase
productivity and customer satisfaction, all
of which lead to better financial results and
average shareholder return," she says.
Engaged employees are also the ones who feel
proud and excited towards their company and work;
after all, they love the company. Ms. Chow says
strong employee engagement can also help build
a stronger employer brand, which is good for
talent retention and acquisition.
How to make it happen? Ms. Chow points to the
integration of an organisation's culture, values,
and leadership competencies to drive employee
engagement. She says that American Express, which
is highly valued as a preferred employer for
its leading American brand image, competitive
compensation as well as training opportunities,
is instilled with a people-oriented company culture,
respect and recognition, open communications,
and many other positive attributes.
Insufficient engagement levels in greater China
Her view is shared by Ms. Vivian Hung who believes
that employee engagement is the focus of current
best practices in talent management. This is
highlighted by employee commitment, alignment
and enablement. In her presentation of the survey
- "WorkGreaterChina : An Employee
Attitudes Survey in China, Hong Kong and Taiwan
- Commitment and
Beyond ", Ms. Hung points out that
the level of employee engagement in greater China
is generally
less favorable than the Asia-Pacific norm.
"The survey identifies key drivers for
employee engagement like job satisfaction, leadership
and communication, which are the top three factors
in Hong Kong and Taiwan," says Ms. Hung. "On
the mainland, however, communication comes first,
followed by leadership and job satisfaction."
In view of this, Ms. Hung adds that managers
in China must develop creative 'people strategies'
to address their employee concerns and build
a workplace of choice by providing challenging
work, supporting staff development, rewarding
staff contributions, and offering other propositions
valued by employees. "On the other hand, employees
should also behave consistently with company
values while developing and applying skills that
will help the company succeed," she says. "It
should be a strategic partnership between employers
and employees on an equal footing, similar to
an ideal marriage."
Talent management from top to bottom
In his interactive and exciting presentation
- "Talent Management - Making the
Bottom Line Impact! ", Dr. Frankie
Lam introduces a high impact, practical model
starting from the notion
of understanding the strategic direction and
critical success factors for companies. Given
this scenario, he cites the next step as determining
critical organisational capabilities, assessing
and prioritising key capability requirements,
determining strategic talent priorities and
a strategic framework, creating strategies
and support plans for meeting capability gaps,
followed by execution and results measurements
to complete the model.
In another management development model, Dr.
Lam identifies four types of employees with respect
to different levels of competency and performance.
These are the key performer, the
contributor,
the bottom 10-15% under performers and those
high competency employees who may not be in the
right positions. A series of action strategies
like performance improvement plans, coaching
sessions, talent development plans, replacement
and acquisition, and succession plans have to
be developed and executed respectively for different
categories of employees.
Those who attended the Summit were captivated
by all the insightful presentations. Among them
was Ms. Carman Chik, Human Resources Manager
for the Urban Group. She said that the event
was very beneficial to her in terms of sharing
information and networking. "I found, in
particular, the presentation by Dr. Lam to be
truly inspiring
and I thought the models he introduced will help
me tackle upcoming challenges and issues I face
regularly in the workplace." |