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Chap 5 A221
Chap 5 A221
HUMAN
CAPITAL
RETAINING HUMAN CAPITAL
TASK
• Creating and maintaining a workplace that attracts, retains, and nourishes good people
• Growth and development
• Financial reward
• Competitive reward and benefit
• Stimulating and challenging job
• Flexibility
• Congenial work environment
• Support strategies
• Optimal fit between job requirement and the job holder
• Employer branding
• Learning organization
• Culture & relationship
PROVIDING FLEXIBILITY IN WORK ACTION
• Granting employees autonomy to control when, where and how they get their work
done
• tele-commuting
• arrangements related to schedule control
flexi-time and working-time autonomy vs
fixed schedules and employer-oriented
flexible schedules.
• work arrangements
• compressed work weeks
• alternative scheduling
ADVANTAGES
Recommendations:
• Make flex a key part of the organization's employee value proposition.
• Ensure that flex isn't "smoke and mirrors" but a key driver of engagement.
• Leverage flex for recruiting untapped talent pools.
• Brand the organization as a provider of flex solutions.
• Leverage flex to redesign work processes.
• To achieve these ends,
REWARD AND RECOGNITION
• Compensation vs benefits?
• Fair compensation?
QUESTION
What are the benefit of proper
compensation?
Walt Disney