STRUCTURE OF THE NEW PEOPLE MANAGEMENT:
The old Human Resource Development is being replaced by the New People management. It would play a role much broader in scope, much stronger in impact and much more permanent in effect. The NPM makes the entire organisation its area of operation.
1] RECRUITMENT:
This involves long-term vacancy filling measures. It translates strategies into a manpower plan and develops a hiring programme accordingly. People with the right combination of knowledge, experience, values , skills and behaviour are absorbed to meet the corporate objectives.
2] PERFORMANCE MANAGEMENT:
To ensure that the talent they have attracted achieve their goals, companies use NPM to create appropriate working conditions. Jobs are evaluated so that the individuals best suited to carry them out are assigned to it. Corporate and employee interests are balanced by designing individual careers.
3] TRAINING AND DEVELOPMENT:
As change overtakes the stable environment, organisational goals are changing rapidly. Naturally tasks that people perform are also changing. The function of the NPM is to bridge the gap between the abilities the individuals possess and those, which they need to fulfil those tasks, by training and development.
4] APPRAISAL AND REWARD:
Evaluation and compensation are being used to directly link organisational objectives to individual performance. Bu ensuring that individual rewards are available only when corporate goals re met, the NPM successfully prevents people from expanding their energies on activities that bear no relationship to the organisation.
5] ORGANISATIONAL EXIT:
A planned separation from employees whose contribution is no longer adds value to the organisation is becoming important either because bloated wage bills have to be rationalised or because the company has moved into a different stage of existence where a new set of skill is necessary.
EFFECTIVE BUSINESS STRATEGY:
In any business strategy, people are becoming more crucial that plans. Effective implementation of the company’s business strategy is possible only with self-motivated people working in small self-managed teams. The winning corporation dominates the market by offering their customers one of the three competitive benefits:
1] BEST PRODUCT AND THE NPM:
Offering the best product involves continuous innovation within the company, using knowledge and abilities of individuals. People with originality will be recruited. Working conditions with few controls will be created. Resources are provided for experimentation. Risk taking and failure must be provided for; training and development also need to be ensured. Appraisal and rewards will be tied to long term gains ain the market rather than short-term achievements.
2] BEST PRICE AND NPM:
In ensuring the lowest price for their products, companies have to tailor their process as well. No compromise of value for price is acceptable. However lowest cost can be ensured. Best man planning ensures minimum wage bill. People who suit the organisation must be recruited. Cost cutting technologies can be incorporated. A special mandate will be to link organisational cost cutting to individual cost cutting goals and reward employees accordingly.
3] BEST SERVICE AND NPM:
Individuals with the right mix of creativity, initiative, values and skills will be able to provide world-class service to the customers. The employees of a service leader will have to stay at the forefront of new models and techniques that affect their clients business. A company can assist its people to solve customer’s problems. The NPM binds the level of customer satisfaction and delight achieved directly by appraisal and reward.
THE NEW MARKET PLACE IN THE KNOWLEDGE ECONOMY:
The future belongs to those knowledge employees who will have a high income for their knowledge and values. They will be intelligent and better-informed consumer citizens. Their work will be meaningful and interesting. They will work to live a higher standard of life. Customers will be choosier. Markets will prefer to serve niches and earn high profits. Thus we will witness, value driven and price driven pricing. Service will be an important tool in competition; value beyond the purchase value will be the selling point of customer delight.
The old Human Resource Development is being replaced by the New People management. It would play a role much broader in scope, much stronger in impact and much more permanent in effect. The NPM makes the entire organisation its area of operation.
1] RECRUITMENT:
This involves long-term vacancy filling measures. It translates strategies into a manpower plan and develops a hiring programme accordingly. People with the right combination of knowledge, experience, values , skills and behaviour are absorbed to meet the corporate objectives.
2] PERFORMANCE MANAGEMENT:
To ensure that the talent they have attracted achieve their goals, companies use NPM to create appropriate working conditions. Jobs are evaluated so that the individuals best suited to carry them out are assigned to it. Corporate and employee interests are balanced by designing individual careers.
3] TRAINING AND DEVELOPMENT:
As change overtakes the stable environment, organisational goals are changing rapidly. Naturally tasks that people perform are also changing. The function of the NPM is to bridge the gap between the abilities the individuals possess and those, which they need to fulfil those tasks, by training and development.
4] APPRAISAL AND REWARD:
Evaluation and compensation are being used to directly link organisational objectives to individual performance. Bu ensuring that individual rewards are available only when corporate goals re met, the NPM successfully prevents people from expanding their energies on activities that bear no relationship to the organisation.
5] ORGANISATIONAL EXIT:
A planned separation from employees whose contribution is no longer adds value to the organisation is becoming important either because bloated wage bills have to be rationalised or because the company has moved into a different stage of existence where a new set of skill is necessary.
EFFECTIVE BUSINESS STRATEGY:
In any business strategy, people are becoming more crucial that plans. Effective implementation of the company’s business strategy is possible only with self-motivated people working in small self-managed teams. The winning corporation dominates the market by offering their customers one of the three competitive benefits:
1] BEST PRODUCT AND THE NPM:
Offering the best product involves continuous innovation within the company, using knowledge and abilities of individuals. People with originality will be recruited. Working conditions with few controls will be created. Resources are provided for experimentation. Risk taking and failure must be provided for; training and development also need to be ensured. Appraisal and rewards will be tied to long term gains ain the market rather than short-term achievements.
2] BEST PRICE AND NPM:
In ensuring the lowest price for their products, companies have to tailor their process as well. No compromise of value for price is acceptable. However lowest cost can be ensured. Best man planning ensures minimum wage bill. People who suit the organisation must be recruited. Cost cutting technologies can be incorporated. A special mandate will be to link organisational cost cutting to individual cost cutting goals and reward employees accordingly.
3] BEST SERVICE AND NPM:
Individuals with the right mix of creativity, initiative, values and skills will be able to provide world-class service to the customers. The employees of a service leader will have to stay at the forefront of new models and techniques that affect their clients business. A company can assist its people to solve customer’s problems. The NPM binds the level of customer satisfaction and delight achieved directly by appraisal and reward.
THE NEW MARKET PLACE IN THE KNOWLEDGE ECONOMY:
The future belongs to those knowledge employees who will have a high income for their knowledge and values. They will be intelligent and better-informed consumer citizens. Their work will be meaningful and interesting. They will work to live a higher standard of life. Customers will be choosier. Markets will prefer to serve niches and earn high profits. Thus we will witness, value driven and price driven pricing. Service will be an important tool in competition; value beyond the purchase value will be the selling point of customer delight.