To Busy Being Efficient to be Effective?

Larry Kihlstadius, SVP at Veritude outlines 4 steps HR executives should take to achieve "effectiveness" in your organization.

In a morning IM interview with Larry Kihlstadius, SVP of Business Development at Veritude, I learned that Kihlstadius and his team are working hard to increase awareness of how HR executives may be in a "unique and key position" to make an important contribution to acheiving effectiveness in their organizations.

Kihlstadius outlines 4 Action Steps:

1. Stratify your Employees
You can do this yourself, or look to a talent management partner who is experienced at setting up and implementing an employee stratification plan. Stratification will require in-depth dialogues with key business unit leaders and will need to be tiered for each quadrant. The reality is that the quadrants your company uses will be unique to your particular business. This is definitely not a “one size fits all” model. You will need to establish parameters and gather data that may not have been previously used or even captured.

2. Look Back
Take the time to analyze your data. Since you now know which roles are most important to your company, review the performance of your top employees and identify the key traits that have made them successful.

3. Look Forward
With the data you’ve gathered from your top performers, you can:

a. Develop profiles and competency models based on the performers who stay.
b. Screen candidates with assessment tools that link to job profiles and competencies —to better assess for appropriate skills and characteristics.
c. Develop metrics that link talent acquisition to performance and retention to determine efficiency and effectiveness.

4. Get Help Along the Way
If any of the recommendations above sound daunting, don’t worry. An experienced talent management partner can help implement an employee stratification plan and create effective assessment tools.

Kihlstadius went on to say, “The secret is to invest the majority of your time and money into the talent that creates the most value for the business.”

Kihlstadius has authored a White Paper on the subject with more information on organizations becoming "more effective". For more details on this and other HR information visit Veritude's Workforce Insights section of their corporate website.