Chapter 117 Upgrading the Talent Strategy of Family Enterprises and Stimulating Team Vitality



With the optimization of internal governance and the improvement of decision-making mechanisms, family businesses have come to realize that talent is the core driving force for the sustainable development of the company, so they focus on upgrading talent strategies and stimulating team vitality.

The company's top management first conducted a comprehensive assessment of the existing talent structure and found that although it had a group of experienced old employees, there were deficiencies in emerging fields and innovative thinking, and there was a relative shortage of high-end and compound talents.

"We must increase our efforts to attract talent, broaden recruitment channels, and attract top talent in the industry." The head of the human resources department put forward clear goals at the meeting.

As a result, companies have developed attractive compensation and benefits policies and career development plans, actively participated in various high-end talent recruitment fairs, and partnered with professional headhunting firms. However, during the recruitment process, companies' visibility and brand influence have encountered certain obstacles in attracting top talent.

"We will strengthen corporate brand building and publicity, enhance the company's reputation and image within the industry, and allow more outstanding talents to understand and identify with our corporate values." The company's top management decided to solve the problem starting with brand promotion.

At the same time, the company focuses on cultivating and improving internal talent, providing employees with a wide variety of training courses and learning opportunities. However, during the implementation of training, it was found that the training content was not closely aligned with actual work needs, resulting in ineffective training.

"The training department should have an in-depth understanding of the business needs of each department and customize more targeted and practical training programs. At the same time, it should strengthen post-training follow-up and evaluation to ensure that the training results can be transformed into improvements in actual work capabilities." Enterprises have put forward higher requirements for training work.

To stimulate team spirit, the company implemented flexible work systems and incentive mechanisms. For example, it introduced project-based incentives, offering generous rewards to teams that achieved outstanding results. However, during implementation, problems arose, such as unclear project evaluation criteria and unfair reward distribution.

"Improve the project evaluation system, clarify the evaluation indicators and weights, ensure the fairness, impartiality and openness of the evaluation process, and make employees convinced." The company's senior management emphasized the fairness of the incentive mechanism.

In addition, companies are actively fostering an innovative and inclusive corporate culture, encouraging employees to propose new ideas and suggestions. However, some managers are still accustomed to traditional management methods and do not pay enough attention to or even suppress employees' innovative ideas.

"Managers at all levels must change their mindsets, actively support employees' innovative attempts, establish fault-tolerant mechanisms, and encourage employees to be bold in innovation and practice." Companies strive to change their management styles through training and communication.

To promote collaboration and communication among teams, companies organize various team-building activities. However, some activities are monotonous and lack interest, resulting in low employee participation.

"The event planning department should carefully design colorful and creative team activities to truly enhance the team's cohesion and collaboration capabilities." The company is constantly improving its methods and approaches to team building.

After a period of effort, the company's talent strategy achieved certain results, attracting a group of outstanding talents, improving the capabilities of internal employees, and gradually showing team vitality. However, new problems also emerged, such as talent loss and poaching by competitors.

"We need to conduct an in-depth analysis of the reasons for talent loss and take effective measures to retain talent from multiple aspects, including work environment, career development, and salary and benefits. At the same time, we must strengthen communication and care with employees to understand their needs and ideas." The human resources department quickly formulated a response strategy.

In addition, with the integration of new and old employees, some conflicts have arisen due to different work concepts and methods.

"Carry out cross-generational communication and training activities to promote mutual understanding and learning between new and old employees, and form a good situation of complementary advantages." The company strives to resolve internal contradictions and conflicts.

Going forward, the family business will continue to upgrade its talent strategy, energize its team, and inject continuous momentum into its development. In this process, the company will continuously adapt to market changes and employee needs, building a highly qualified, innovative, and cohesive team.

However, as companies upgrade their talent strategies, they face new challenges. For example, as market competition intensifies, competition for talent becomes increasingly fierce, and recruitment costs continue to rise.

"We need to optimize the recruitment process and improve recruitment efficiency. At the same time, we will strengthen cooperation with universities and research institutions, establish a talent pool, and lock in potential outstanding talents in advance." The human resources department is actively looking for ways to reduce costs.

At the same time, in terms of internal training, companies have found that some employees are confused about their long-term career development plans and lack clear goals and motivation.

"Provide employees with more personalized career coaching and consulting services to help them develop clear career development paths and stimulate their inner motivation." The company has increased its guidance on employee career development.

In addition, while the incentive mechanism can stimulate team vitality, it may also cause individual employees to pursue short-term interests excessively and ignore the overall interests of the team and the long-term development of the company.

"Further improve the incentive mechanism, balance short-term and long-term goals, and emphasize the importance of teamwork and corporate values." The company's senior management is constantly adjusting the direction of incentive policies.

Despite facing many challenges, family businesses firmly believe that as long as they unswervingly promote the upgrading of talent strategies and continuously stimulate team vitality, they will be able to remain invincible in the fierce market competition and achieve long-term development and sustainable prosperity of the company.

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