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Risk management should be handled with care

Risk management should be handled with care | Human Capital & Business Trends | Scoop.it
In the wake of the credit crisis, the teaching of risk management has become hugely controversial. Many blame the crisis on the failure of the mathematical modelling of market risk.

Via Kenneth Mikkelsen
Tony Brugman (Bright & Company)'s insight:

Important Lessons for HR Leaders in respect to the usage of more Risk Management principles within the area of Evidence-Based HR and Human Capital Management!

 

"Advanced financial econometrics involves an understanding not only of advanced statistical techniques but also of finance and, most importantly, experience. It takes at least four years of research and applied modelling to develop competence in this subject and fully understand the limitations and potential pitfalls of applying a methodology to data."

"Mathematical modelling needs to be better applied and better understood. These models are a powerful tool for reducing the guesswork in market risk, but only in the right hands."

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Tony Brugman (Bright & Company)'s curator insight, February 4, 2013 9:47 AM

Important Lessons for HR Leaders in respect to the usage of more Risk Management principles within the area of Evidence-Based HR and Human Capital Management!

 

"Advanced financial econometrics involves an understanding not only of advanced statistical techniques but also of finance and, most importantly, experience. It takes at least four years of research and applied modelling to develop competence in this subject and fully understand the limitations and potential pitfalls of applying a methodology to data."

"Mathematical modelling needs to be better applied and better understood. These models are a powerful tool for reducing the guesswork in market risk, but only in the right hands."

Human Capital & Business Trends
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Robots will take over middle-class professions, says minister - Telegraph

Robots will take over middle-class professions, says minister - Telegraph | Human Capital & Business Trends | Scoop.it
David Willetts, the university minister, suggests high-level professions are more likely to be taken over by computers than those that involve apparently simple tasks such as making a cup of tea
Tony Brugman (Bright & Company)'s insight:

Short story on the Think Tank event "The Rise of the Robots" in Britain earlier July. The minister said that it will lead to "dramatic changes in the pattern of work", both in numbers as in other challenges. "You think that beating a grand master at chess must be a harder challenge, but giving a cup of tea to a little old lady is a bigger IT robotics challenge than doing chess."

 

Full video and audio report of this event here: http://www.policyexchange.org.uk/modevents/item/rise-of-the-robots-what-skills-will-we-need-in-the-future-economy-and-how-do-we-get-them

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Nine HR Policies That Drive Good People Away

Nine HR Policies That Drive Good People Away | Human Capital & Business Trends | Scoop.it

There is a particular, awful feeling you get working in a company that is sinking. You can tell the minute you walk in the door that the energy is off.  If you pay attention to the vibe you get on a job interview, you’ll know when a company is broken. People don’t look you in the eye. No one wants to be there, but you might take the job regardless if you’re out of other options.


Via Kenneth Mikkelsen
Tony Brugman (Bright & Company)'s insight:

What kills a company? Incompetence and fear! Read the 9 'fear-based' HR policies that will 'scare' people away...

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Why Business Strategy is Changing

Why Business Strategy is Changing | Human Capital & Business Trends | Scoop.it

A shift in strategic thinking is underway as boards come to realise that they must respond faster to the changes shaping the global marketplace. The old notion of a set five-year plan has been transformed by the use of more emergent strategies, where assumptions about the future are tested more frequently and, if a new direction is needed, the business is fluid enough to be able to adapt quickly.

 


Via Kenneth Mikkelsen
Tony Brugman (Bright & Company)'s insight:

Nice expert discussion on strategy and change. "If CEOs delude themselves about the need to adapt, strategies will fail."

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David Hain's curator insight, July 3, 4:40 AM

The future is emergent - agile business recognise this and change tack faster and with more empowerment.

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2014 HR Service Delivery and Technology Survey Results

2014 HR Service Delivery and Technology Survey Results | Human Capital & Business Trends | Scoop.it
Towers Watson's 2014 HR Service Delivery and Technology Survey, our 17th annual survey, closed with 1,048 respondents from across 45 countries having participated.
Tony Brugman (Bright & Company)'s insight:

Findings from the latest Towers Watson HR SDT Survey: 

* Three key themes emerge from this survey: making smart investments, balancing efforts and managing change effectively.

* HR is finding balance. Future initiatives will address HR function and organization capabilities.

* HR technology spending continues to be strong.


Also interesting is the high rise in adoption of SaaS solutions, where even 40% are only considering SaaS-based solutions for their HRM systems.

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Management theory was hijacked in the 80s. We're still suffering the fallout

Management theory was hijacked in the 80s. We're still suffering the fallout | Human Capital & Business Trends | Scoop.it

We know what makes companies prosper in the long term. They manage themselves as whole systems, look after their people, use targets and incentives with extreme caution, keep pay differentials narrow (we really are in this together) and treat profits as the score rather than the game. And it's a given that in the long term companies can't thrive unless they have society's interests at heart along with their own.

 


Via Kenneth Mikkelsen
Tony Brugman (Bright & Company)'s insight:

Great read on Good Governance and (What went wrong in) Management! Brought to you in 2012 by The Guardian.

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Kenneth Mikkelsen's curator insight, July 5, 10:27 AM

Good governance went out of the window when the Chicago school's reductive view of human nature took hold.

Erwan Hernot's curator insight, July 6, 9:26 AM

Top managers and shareholders on one side and employees on the  other. Think it's past history (before the  fall of the Berlin Wall) ? Wrong. We're still in it.

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Jeremy Rifkin: Intelligent technology and the future of human labour

Jeremy Rifkin: Intelligent technology and the future of human labour | Human Capital & Business Trends | Scoop.it

Earlier this month, I spoke to Jeremy Rifkin about his new book, The Zero Marginal Cost Society. Our conversation ranged widely over many of the book’s central arguments, particularly those concerning the transition, driven by new information technologies, from a capitalist market economy to what Rifkin calls the “Collaborative Commons”. We ended with a brief discussion of the future of work. In the following guest post, Rifkin discusses in more detail the implications of the ”wholesale substitution of intelligent technology for mass wage labour and salaried professional labour.”


Via John Lasschuit ®™, Alexander Crépin
Tony Brugman (Bright & Company)'s insight:

Science Fiction or Reality? According to this new book the rise of Intelligent Technology will create a 'near zero marginal cost society'. Interesting stuff on the Future of Work.

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John Lasschuit ®™'s curator insight, May 29, 10:30 AM

By Jonathan Derbyshire - The world of ideas.
#labour #future 

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Leading in the 21st century: An interview with Shell’s Ann Pickard | McKinsey & Company

Leading in the 21st century: An interview with Shell’s Ann Pickard | McKinsey & Company | Human Capital & Business Trends | Scoop.it
After building a career in Africa, Australia, and now the Arctic, the Royal Dutch Shell executive vice president has developed core leadership principles to safeguard employees and the environment. A McKinsey & Company article.
Tony Brugman (Bright & Company)'s insight:

McKinsey interview with Exec VP on leadership at Shell: "This is not a sprint, this is a marathon"

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Infographic: Why Your Employment Brand Should Not Be Appealing | CEB Blogs

Infographic: Why Your Employment Brand Should Not Be Appealing | CEB Blogs | Human Capital & Business Trends | Scoop.it
So far, employment branding teams have put most of their effort into making their firm known as, a great place to work. The problem is that most of their competitors are doing exactly the same thing. Recruitment teams should change focus from increasing awareness among all candidates to focusing the attention of the most relevant.
Tony Brugman (Bright & Company)'s insight:

Interesting CEB research and infographic on recruitment and employer branding. The message: Don't try to appeal a mass audience, rather (employer) brand for influencing the candidate on making a better decision!

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Bonuses Are Back

Bonuses Are Back | Human Capital & Business Trends | Scoop.it
By Michael J. O'Brien A new survey finds organizations' use of bonuses to attract and retain talent is at an all-time high. But compensation experts caution that bonus programs need to be well-planned and fully transparent in order to be effective.
Tony Brugman (Bright & Company)'s insight:

Bonuses are back! But they need to become more sophisticated to be more effective. Interesting HRE blog!

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HR Performance Management: Turn the Best Behaviors Into Habits | CEB Blogs

HR Performance Management: Turn the Best Behaviors Into Habits | CEB Blogs | Human Capital & Business Trends | Scoop.it
The working environment for almost all large company employees has changed in the past five years, and required managers to behave differently. It's now more competitive, fast-changing, and complex than it ever has been. For HR functions to help the firm's employees succeed in this environment, they should help them become enterprise contributors.
Tony Brugman (Bright & Company)'s insight:

Good CEB blog on how to motivate managers and employees to accomplish meaningful and lasting behavior change.

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Fareed Zakaria on Staying Competitive in the Knowledge Economy

Fareed Zakaria on Staying Competitive in the Knowledge Economy | Human Capital & Business Trends | Scoop.it

As technology continues to shift, what will employees look for in their job candidates and how can education best prepare tomorrow’s workforce?

 

At the Global Education & Skills Forum, Big Think sat down with Fareed Zakaria, the host of CNN’s flagship foreign affairs show and New York Times bestselling author of The Post-American World, to discuss education in the 21st century.

 


Via Kenneth Mikkelsen
Tony Brugman (Bright & Company)'s insight:

"Crucial is not the set of skills you have, but you demonstrate a capacity to acquire them!"

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Adaptive Strategy Is a Cop-Out

Adaptive Strategy Is a Cop-Out | Human Capital & Business Trends | Scoop.it
The world’s no more uncertain than it’s ever been.
Tony Brugman (Bright & Company)'s insight:

Roger Martin in his HBR blog: "Thinking about strategy before doing something is so retrograde. - I just don’t buy it."

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What did Dave Ulrich ever do for us? - Orion Partners

What did Dave Ulrich ever do for us? - Orion Partners | Human Capital & Business Trends | Scoop.it

"2014 marks the 18th anniversary of the publication of Human Resource Champions, the ground breaking book by David Ulrich that influenced a generation of thinkers in HR. It was as a direct consequence of Ulrich’s theories that many organisations chose to move to a new model for HR services, comprising shared service centres; business partners and centres of expertise. Although Ulrich never claimed to have invented this model, it has become synonymous with his name and there can be few in HR who have not encountered the ‘Ulrich model’ in some form."


Via David Green
Tony Brugman (Bright & Company)'s insight:

The impact of 18 years of the Ulrich model on HR. Great research findings by Orion Partners! (see also http://www.orion-partners.com/study-ulrich-comes-age/ for the full report)

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Home, hacked home

Home, hacked home | Human Capital & Business Trends | Scoop.it
ONE NIGHT IN April a couple in Ohio was woken by the sound of a man shouting, “Wake up, baby!” When the husband went to investigate, he found the noise was...
Tony Brugman (Bright & Company)'s insight:

Good piece The Economist, with special report on Cyber-security, focusing on the dangers of Internet of Things especially at home. Tech giant Cisco calculated that we will have 50 billion (!!) devices with online connections by 2020. Making the need for better security in connected devices even more important!

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Getting Fired for the Right Reasons

Getting Fired for the Right Reasons | Human Capital & Business Trends | Scoop.it
Effective leaders focus on powerful possibilities, not problems.
Tony Brugman (Bright & Company)'s insight:

Good blog Strategy+Business on Leadership. Great example of a leader showing the courage to do what’s right and without having fear of repercussions or whatsoever. "Look risk in the face, shrug it off, and get on with what needs to be done."

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Reflecting on Work Improves Job Performance — HBS Working Knowledge

Reflecting on Work Improves Job Performance — HBS Working Knowledge | Human Capital & Business Trends | Scoop.it
New research by Francesca Gino, Gary Pisano, and colleagues shows that taking time to reflect on our work improves job performance in the long run.
Tony Brugman (Bright & Company)'s insight:

Interesting new research by Harvard Business School, saying taking 'time-outs' at work will improve your job performance. Researcher Francesca Gino explains as follows: "When we stop, reflect, and think about learning, we feel a greater sense of self-efficacy. We're more motivated and we perform better afterward."

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Strategic principles for competing in the digital age | McKinsey & Company

Strategic principles for competing in the digital age | McKinsey & Company | Human Capital & Business Trends | Scoop.it
Digitization is rewriting the rules of competition, with incumbent companies most at risk of being left behind. Here are six critical decisions CEOs must make to address the strategic challenge posed by the digital revolution. A McKinsey Quarterly article.
Tony Brugman (Bright & Company)'s insight:

Great piece by McKinsey on the impact of digitization on transformation of organisations. Digitization transforms industries: companies face 7 forces and trends that redefine the world of business; therefore organisations need to rethink their strategy involving 6 important decisions to make.

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Eight Must-Have Competencies for Future Leaders

Eight Must-Have Competencies for Future Leaders | Human Capital & Business Trends | Scoop.it

Leaders tomorrow will succeed with a different skill set than that of today’s best. Smart leaders will spot the mid-career folks with greatest potential to become those outstanding future executives.


Via Kenneth Mikkelsen
Tony Brugman (Bright & Company)'s insight:

Good Linkedin blog on Leadership stating that the Fundaments of Leadership will never change: "While leaders tomorrow will need these capacities to adapt to a turbulent world, the fundamentals of leadership will not change. The reason: leadership relies on mobilizing human skills. Always has. Always will."

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Kenneth Mikkelsen's curator insight, July 3, 2:16 AM

In the June 2014 Harvard Business Review hiring guru Claudio Fernández-Aráoz says to spot those with high leadership potential look for four abilities:


  • Openness and curiosity
  • Recognition of new possibilities
  • Persuasion
  • An unstoppable drive


Daniel Goleman adds a few more distinguishing competencies  that set star leaders apart from mediocre:


  • Strategic Orientation – being able to think analytically and come up with a strategy.
  • Market insight – understanding the market and the business.
  • Results Orientation – the drive to achieve results through constant improvement as assessed by sound metrics.
  • Customer Impact – passion for pleasing customers and clients.
  • Collaboration and influence – working well with others, including influencing those not in one’s line of command.
  • Organizational Development – developing strengths for the company by recruiting, retaining, and developing future leaders.
  • Team Leadership – Building winning groups.
  • Transformation Leadership – leading the way toward new goals.
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MOOCs Won’t Replace Business Schools — They’ll Diversify Them

MOOCs Won’t Replace Business Schools — They’ll Diversify Them | Human Capital & Business Trends | Scoop.it
New data from Wharton suggests MOOCs are helping business schools reach new audiences.
Tony Brugman (Bright & Company)'s insight:

The rise of MOOCS: Foreign students choose 78% of the times for Online Business Courses in comparison to 14% who choose an Executive MBA.

 

"MOOCs are undoubtedly disrupting higher education. Business schools will need to strategically adapt to changing circumstances. But (it) may not necessarily be (a) threat, it looks more like an opportunity."

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Getting to Know Gen Z

Getting to Know Gen Z | Human Capital & Business Trends | Scoop.it
By Mark McGraw Born in the 1990s and raised in the 2000s, Generation Zers will soon be entering the workforce in droves. What can HR do to attract them and help them thrive?
Tony Brugman (Bright & Company)'s insight:

Good article on Generation Z (people born in the '90s): "The biggest difference between Gen Y and Z is the fluctuation in the labor market."

 

What can companies do to attract and attain them? "Reaching this group requires more than just creating a Facebook page and scouring LinkedIn for job candidates."

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Organisms and organizations

Organisms and organizations | Human Capital & Business Trends | Scoop.it
The organizational forms we see today are not our ultimate destination, and that might not even resemble our destination.
Tony Brugman (Bright & Company)'s insight:

Interesting Deloitte blog by Michael E. Raynor on the evolution of organisational forms: Rethinking R&D, networking, and corporate boundaries.

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Northwestern Energy: What Are the Challenges Facing Your HR Business Partners? - YouTube

Hear from Bobbi Schroeppel, Vice President of Customer Care Communications and Human Resources, from Northwestern Energy as she discusses the biggest challen...
Tony Brugman (Bright & Company)'s insight:

Watch CEB interviews with HR executives from Sears, Emirates and more on HR Business Partners.

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Global Talent Shortage Hits Seven-Year High | Manpower U.S. Pressroom

Global Talent Shortage Hits Seven-Year High | Manpower U.S. Pressroom | Human Capital & Business Trends | Scoop.it

ManpowerGroup’s survey of more than 37,000 employers in 42 countries and territories found that 36 percent of global employers are having difficulty finding candidates with the right skills to fill open positions.

Tony Brugman (Bright & Company)'s insight:

Updated Manpower Global Talent Shortage Study: Talent Shortage Hits Seven-Year High. See also http://www.manpowergroup.com/talent-shortage-explorer/#.U71EQpR_tuI for interactive inforgraphics and the report in PDF.

 

"Talent shortages continue to persist and are impeding employers’ ability to deliver value for their customers. Due to the lack of applicants with the right technical competencies, experience and soft skills, one out of three employers struggle to fill open roles.”

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How to Get Your Employees to Go Beyond the Call of Duty

How to Get Your Employees to Go Beyond the Call of Duty | Human Capital & Business Trends | Scoop.it

Being humble is not just a virtue, it's an important leadership practice. If you're overly self-promotional and rule your team with an I'm-always-right attitude, chances are your employees will feel alienated, resentful, and unwilling to go the extra mile for you.

 

A recent study shows that employees who work for humble leaders are more likely to work harder and come up with better ideas.

 


Via Kenneth Mikkelsen
Tony Brugman (Bright & Company)'s insight:

A plea for more Humble and Selfless Leadership to make your employees go the Extra Mile!

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donhornsby's curator insight, May 26, 6:25 AM

Being humble is not just a virtue, it's an important leadership practice. If you're overly self-promotional and rule your team with an I'm-always-right attitude, chances are your employees will feel alienated, resentful, and unwilling to go the extra mile for you.

Vittorio Grieco's curator insight, May 26, 8:49 AM

Work with them not against them.

Stephanie Golden's curator insight, June 23, 8:22 PM

AWESOME ARTICLE! I truly believe in remaining humble and treating people right...having selfless leadership! 

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HR must leave 'comfort zone' of transactional work, says Atos HRD

HR must leave 'comfort zone' of transactional work, says Atos HRD | Human Capital & Business Trends | Scoop.it

HR directors should negotiate for their teams to cut down on administrative tasks and re-focus on strategic goals, according to Atos HR services delivery director Martin Riley. 


Via Andrée Laforge
Tony Brugman (Bright & Company)'s insight:

Many HR professionals are happy to spend the majority of time doing transactional work because "that is their comfort zone". Figures released by Atos reveal that 34% of HR functions’ time is spent on transactional work.

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Andrée Laforge's curator insight, May 16, 6:48 AM

La fonction RH passe 34% de son temps sur du transactionnel.