Chapter 160 Talent Strategy Upgrade and Team Building Strengthening in Family Enterprises



As family businesses continuously optimize their governance structures and decision-making mechanisms, they have come to realize that talent is the core driving force behind business development, and that excellent teams are key to achieving corporate goals. Therefore, upgrading talent strategies and strengthening team building have become crucial tasks for these businesses.

The company's senior management conducted an in-depth analysis of the existing talent structure and team status and discovered several urgent issues that needed to be addressed. For example, there was an insufficient reserve of high-end talent, a lack of competitive talent for key positions, inefficient team collaboration, and communication barriers and conflicts of interest between departments.

"We must develop a more attractive talent strategy to attract top talent in the industry, while strengthening team building and enhancing team cohesion and combat effectiveness." The company's head emphasized at an internal meeting.

To attract high-end talent, companies have decided to increase salaries and benefits, provide broader career development opportunities, and increase training opportunities. However, during the recruitment process, companies have discovered that their brand influence and corporate culture are not strong enough to attract talent.

"Strengthen corporate brand building, publicize the company's values ​​and development prospects, and create a good employer image; optimize the recruitment process and improve recruitment efficiency and quality." The human resources department quickly adjusted its recruitment strategy.

At the same time, companies actively carry out internal training and talent development programs, but the training content is not closely integrated with actual work needs, and the training effect is poor.

"We have a deep understanding of employees' training needs, develop personalized training plans, invite industry experts and outstanding internal employees to give lectures, and strengthen follow-up evaluation and application guidance after training." The training department strives to improve training work.

In terms of team building, the company organized a series of team activities to enhance communication and trust among team members. However, some of these activities were simple in format and employee participation was low.

"Innovate the form of team activities and design targeted activities based on the characteristics and needs of the team; establish a team communication and feedback mechanism to encourage employees to raise questions and suggestions and resolve conflicts and problems within the team in a timely manner." The team building leader actively explores more effective team building methods.

Furthermore, to promote collaboration between departments, the company established a cross-departmental project team. However, in practice, the division of responsibilities between the teams was unclear, leading to buck-passing and slow project progress.

"Clearly define the responsibilities and authorities of cross-departmental project teams, establish effective coordination and supervision mechanisms, and strengthen overall project management and tracking." The project management department focuses on resolving problems encountered in cross-departmental collaboration.

After a period of hard work, the company has achieved certain results in upgrading its talent strategy and strengthening team building, but new challenges have also arisen.

For example, with the intensification of market competition and frequent talent mobility, how to retain outstanding talents has become an important issue facing enterprises.

"Establish a comprehensive talent incentive mechanism, including equity incentives, career advancement, and honorary awards, so that outstanding talents can feel the care and attention of the company; create a good corporate culture atmosphere and enhance employees' sense of belonging and loyalty." Senior management of the company is actively considering strategies to retain talent.

At the same time, in team building, how to stimulate the team's innovative spirit and creativity and build a team with innovative capabilities has become an urgent need for corporate development.

"Establish an innovation reward system to encourage team members to come up with new ideas and suggestions; create a relaxed innovation environment, allow trial and error, and provide the necessary resource support for team innovation." Enterprises stimulate team innovation through the creation of systems and environments.

In the future, family businesses will continue to face numerous uncertainties in terms of talent strategy and team building. For example, the rapid development of industry technology may lead to changes in talent demand, and emerging business models may place higher demands on teamwork.

"We continue to pay attention to industry trends and changes in the talent market, and make talent reserve and training plans in advance; we continuously optimize team building models and methods to adapt to the new needs of corporate development." The company's senior management always maintains a forward-looking mindset and actively responds to future challenges.

Despite numerous difficulties, the family business firmly believes that by continuously upgrading its talent strategy and strengthening team building, it can build a high-quality, innovative and cohesive talent team, providing a continuous driving force for the company's sustainable development.

When it comes to attracting high-end talent, companies have discovered that their competitors are also increasing their salaries and benefits, and that simple material attraction is unlikely to highlight their advantages.

"Deeply explore the unique charm of the company, such as its sense of social responsibility, good working atmosphere, rich corporate cultural activities, etc.; provide high-end talents with customized career development plans to meet their personalized needs." The human resources department continues to enrich the means of attracting talents.

At the same time, during internal training, the company found that some employees did not pay enough attention to training and were perfunctory.

"Link training with performance appraisal and promotion to increase employees' enthusiasm and attention to training; establish a long-term tracking mechanism for training effectiveness, and continuously evaluate and apply training results." The training department ensures the effectiveness of training through system construction.

In terms of team activities, companies have found that the sense of competition among teams is too strong and the sense of cooperation is relatively weak.

"Adjust the design of team activities, increase the proportion of cooperative projects, and cultivate the cooperative spirit of team members; set an example of teamwork, publicize and reward teams with outstanding cooperative results." The team building leader guides the team to form a good cooperative atmosphere.

In addition, in cross-departmental project teams, companies have found that communication costs are high due to differences in working habits and culture among different departments.

"Carry out cultural exchange activities between departments to enhance mutual understanding; formulate unified project communication standards and language to improve communication efficiency." The project management department strives to reduce cross-departmental communication costs.

Although the work of upgrading talent strategy and strengthening team building is full of hardships and challenges, family businesses have continuously overcome difficulties by attaching importance to talents and carefully building teams, laying a solid talent foundation for the future development of the company.

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