Balancing Concepts and Best Practices

There are many important concepts and best practices regarding PEOPLE MANAGEMENT. We can can find them in books and in the truly successful companies. Here is a list of six of them, which, in my opinion, are the most important:

RESPECT FOR PEOPLE - The respect for others is expected to be followed by employees at all levels of an organization.

TEAMWORK - The work done by TEAMS is valued and rewarded.

TEAM means: TOGETHER EVERYONE ACHIEVES MORE.

DIVERSITY OF THOUGHT - Leaders ALLOW , RESPECT, and VALUE the different and diverse thoughts from employees at all hierarchical levels in their organization. They see this as essential for better decision making, and consequently, for achieving success in business.

TALENT MANAGEMENT :

- ATTRACTING, DEVELOPING, RETAINING and DEPLOYING
- COACHING and MENTORING
- SUCCESSION PLANNING FOR KEY JOBS
- GOAL SETTING
- PERFORMANCE MANAGEMENT

EMPOWERMENT - The adequate level of authority is delegated with a good coaching process in place.

TOTAL COMPENSATION MANAGEMENT - All compensation elements, such as base salary, bonuses, stock option plans and all benefit plans (medical, dental, retirement, life insurance etc..), are periodically surveyed to become competitive with the market in which companies compete in attracting the best talents. Good compensation plans are also key for the retention of these talents.

Ronaldo Costa Pinto