tag:blogger.com,1999:blog-30737146084271658702024-03-05T16:26:57.194-08:00Resource ManagementThe one stop shop for all your HR (Human Resources) needsTheHumanCapital™http://www.blogger.com/profile/04644909962091245241noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-3073714608427165870.post-18241275268824226372015-09-15T06:21:00.000-07:002015-09-15T06:27:06.776-07:00Hire People Who Aren't Like You (and Other Tricks We've Learned While Transforming GM)<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-size: x-small;"><span style="font-family: Georgia, 'Times New Roman', serif;">Excerpt taken from </span><a href="https://www.linkedin.com/pulse/how-i-hire-people-who-arent-like-you-other-tricks-weve-mary-barra?redirectFromSplash=true" style="font-family: Georgia, 'Times New Roman', serif;" target="_blank">Linkedin</a></span></h1>
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The road to transforming transportation begins with hiring the best people and empowering them to succeed. “If there are obstacles preventing you from doing your best,” I’ve often told our team, “then you’d better be in my office jumping up and down.”<br />
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This industry’s future is in the hands of change agents and risk takers — those who can imagine the possible, and then take bold steps to realize it. Of course like anything, it’s a balance: New hires should recognize why companies do things a certain way, and know the difference between pushing the envelope and ripping it to shreds.<br />
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At GM, we compete with other industries for top talent. Given the importance of building the best team, we hired a global talent acquisition director – Bill Huffaker – who joined us from Google, known for its entrepreneurial culture.<br />
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He’ll admit that for some people, it takes leaving their own comfort zone to work for a car company. However, Bill assures potential hires that we act a lot like a startup these days, albeit a large, global one. Detroit’s ongoing renaissance and its vibrant downtown also are helping us win new talent. An influx of fresh thinkers will push us tobe more; it’s a contagious mindset that will help us win.<br />
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Want to join us? Here’s some advice:<br />
<b><i>Be an agile, smart leader:</i></b> We want a team that’s eager to learn, lead and inspire other people to excel in a variety of domains — because change is constant. The auto industry will be radically different just five short years from now, so we’re looking for people who have built a portfolio of experiences rather than worrying about the next promotion.<br />
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<b><i>Be confident, yet humble:</i></b> If you constantly use the word “I,” you probably won’t make it. Here, we put our collective efforts toward finding new ideas and solutions for our customers.<br />
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<b><i>Be true to yourself: </i></b>Sheryl Sandberg, who has built a high-performing team at Facebook, shared great counsel when we met earlier this year: Understand your biases, and hire people who are not like you. Diversity of thought shapes our culture.<br />
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<b><i>Show your thinking and contributions, not just your resume: </i></b>The most productive and insightful interviews, are often more like conversations. I want to hear stories about your accomplishments and brainstorm issues facing our industry.<br />
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<b><i>A relentless desire to win:</i></b> If you are going to suit up, you should play to win! At GM, we are continuously raising the bar across all facets of our business. The reinvention of the Cadillac brand is just one example. The Cadillac team is relentlessly challenging thousands across the organization who touch the brand in any way to aim higher, stretch conventional wisdom and make it an intensely personal endeavor. This sort of transformation is not for the timid, and the Cadillac team won’t rest until there is a shared sense of urgency in creating a true luxury experience for our customers.<br />
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For all the work going on throughout our company, we know success in any area hinges on having the right people. Think about that the next time you fill an opening.</div>
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TheHumanCapital™http://www.blogger.com/profile/04644909962091245241noreply@blogger.com0tag:blogger.com,1999:blog-3073714608427165870.post-10780168969334497822014-10-22T04:12:00.000-07:002014-10-22T04:12:49.159-07:00How to Make Creative Graphs <div dir="ltr" style="text-align: left;" trbidi="on">
Creating the presentation is an art and how information & converted to insights and insights are converted to actionable imperative show the intellect & creativity of a professional. Presentations are vividly becoming important for every professional in any profession. Be it for the usage for presenting it to clients, internal or external stakeholder or wider audience on web-conferences you need to ensure your presentation needs to be crafted to cater the audience to it best.<br />
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In this regards, the visual representation of data which in turns alludes to intuitiveness of content become paramount important. A professional is perceived a lot how he/she presents self and the content. Especially while dealing with large amount of data, the graphs becomes very important.<br />
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Choosing a right kind of graph is nightmare to even best of presentation maker. In our blog today we will share with you the easiest way to choose right kind of graphs for making your presentation more impactful and effective.<br />
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<a href="https://drive.google.com/file/d/0Bxp9guUL2zR9SEZmQTFRa0hFODA/view?usp=sharing" target="_blank"><img alt="Download" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg21-2WL7i0pifZ5WbHxunupE8niU8WvQzLTu416BOrBHks-fS2hEUUwTIbsrxUqA3gftwsBPz7-yznLcv_QvIbzMGJRGzKXz2pefv8vTXxciaBzug4qNmIFGRuDCKv1QHtxd4jBbBxTEo/s1600/Chart+Suggestion.jpg" height="476" width="640" /></a></div>
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We have taken this excerpt from <a href="http://www.extremepresentation.com/">http://www.extremepresentation.com/</a><br />
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If you liked our blog, please leave a comment. Thanks for your time for reading.<br />
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TheHumanCapital™http://www.blogger.com/profile/04644909962091245241noreply@blogger.com0tag:blogger.com,1999:blog-3073714608427165870.post-73716715862702545822014-07-22T02:54:00.000-07:002014-07-22T02:54:00.386-07:00Resource Management and Financial Impacts<div dir="ltr" style="text-align: left;" trbidi="on">
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<b><span style="color: #0b5394; font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Introduction</span></b></div>
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<b><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></b></div>
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">As discussed in our previous post, today we shall discuss about impact of resource management on the bottom line - the Financials.</span></div>
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Let's understand some key jargons which we use in day to day RM world.</span></div>
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<b><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></b></div>
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><b><span style="color: #0b5394;">Manpower needs/Staff/Resource Size</span></b> — As
Resource Managers, we have a keen awareness of upcoming headcount changes.
Financial analysts perform projections based upon planned headcount changes so
it is important to share this information with them.<o:p></o:p></span></div>
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><span style="color: #0b5394;"><b>Billing Rate</b> </span>— The rate which are charged to client for doing activities and tasks for them.</span></div>
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><span style="color: #0b5394;"><b>Realization</b> </span>— The
resulting % of Billing rates earned after discount determined by
negotiations w/ client. Some companies follow this rules while some does not as they work on Fixed price deal.<o:p></o:p></span></div>
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><span style="color: #0b5394;"><b>Utilization</b> </span>—
Utilization = Client service hours/Standard hours, where, Standard Hours = (40
hours/week * # of active weeks)<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">·
<!--[endif]--> Typically
2080 hours/yr (i.e. 40 hours/wk * 52 weeks in a year) for most of the organisations around the world<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">·
<!--[endif]--> New
Hires should calculate 40 hours/wk * # weeks since start of employment.<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">·
<!--[endif]--> Utilization
calculation is not adjusted for leaves or Holidays in most of the firms.</span></div>
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-size: small;"><span style="color: #0b5394;">To maximize utilization </span><o:p></o:p></span></h3>
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<ol style="text-align: left;">
<li><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Time
sheet Follow up : </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Practitioners
report client service hours in timesheet portal, which feed into the financial statements.</span></li>
<li><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Timely
time sheet submission relates directly to revenue/plan/forecasting, etc.</span></li>
<li><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Run
utilization reports</span></li>
<li><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Shows
billable and non-billable time, by resources</span></li>
<li><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Information
should closely align to allocation of resources in their respective projects</span></li>
</ol>
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<span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;"><b><span style="color: #0b5394;">How can Resource Management help Business</span></b></span></div>
<ol style="text-align: left;">
<li><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Know
our Business Terminology</span></li>
<li><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Understand
our financial results</span></li>
<li><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Provide
information regarding headcount</span></li>
<li><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">Provide the man</span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">agement insight into staffing trends</span></li>
<li><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Run RM Analytics : </span></li>
<ul>
<li><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Additional
professionals needed by level?</span></li>
<li><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Any
levels overstaffed?</span></li>
<li><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Encourage
practitioners to project all planned activity (i.e. leaves, Training, Recruiting,
etc.) that impacts their availability for billable hours.</span></li>
</ul>
</ol>
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<div class="Bulletlevel1">
<!--[if !supportLists]--><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">The above tips will surely help you become a better resource management and will be adding a lot of value at bottom line (revenue).</span></div>
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
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<b style="color: #333333; font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif; font-size: 13px; line-height: 20px;">©2014 - TheHumanCapital</b><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"> <!--[endif]--> </span></div>
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TheHumanCapital™http://www.blogger.com/profile/04644909962091245241noreply@blogger.com0tag:blogger.com,1999:blog-3073714608427165870.post-88458589684749218162014-07-17T02:27:00.000-07:002014-07-17T02:27:00.350-07:00Role of a Resource Manager (RM) ( #Resourcing #Talent Management)<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-size: small;"><span style="color: #0b5394;">Role as a Resource Manager</span><o:p></o:p></span></h2>
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">The key role of RM is Deployment & Staffing. RM are responsible for deploying practitioners while balancing the
following factors:<o:p></o:p></span></div>
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
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<!--[if !supportLists]--><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">·
<!--[endif]--> Understanding
our Business<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">·
<!--[endif]--> Knowing
our Client Needs<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">·
<!--[endif]--> Maximizing
Utilization<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">·
<!--[endif]--> Balancing
the Goals, Interests and Development of our people<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">·
<!--[endif]--> Help
leadership in making decisions by providing timely information and correct
reporting.<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">·
<!--[endif]--> Partner
with leadership to help make the best deployment decisions and can better serve
them with a basic understanding of the financials.<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">·
<!--[endif]--> Resource management professionals have a direct impact on the financial performance as a practice.<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">·
<!--[endif]--> Watch
for unethical behavior and raise it to the attention of leadership. Example:
Project manager asks a resource/professional to reverse a large number of chargeable hours
for a project that is over budget.<o:p></o:p></span></div>
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-size: small;"><span style="color: #0b5394;">Resource Management and Financial Impact</span><o:p></o:p></span></h2>
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">There are five key drivers which determine our
financial performance:<o:p></o:p></span></div>
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
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<!--[if !supportLists]--><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">·
<!--[endif]--> <b>Staff Size</b> — How many resources we have
on staff?<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">·
<!--[endif]--> <b>Billing Rate </b>— How much we charge for
each resource’s time?<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">·
<!--[endif]--> <b>Utilization</b> — How busy is each resource
during the year split into periods and weeks?<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">·
<!--[endif]--> <b>Realization</b> — How much do we actually
bill and collect for the work we do?<o:p></o:p></span></div>
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<div class="Bulletlevel1-end">
<!--[if !supportLists]--><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">·
<!--[endif]--> <b>Overhead Cost</b> — How much does it cost
to run the business?</span><o:p></o:p></div>
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">In our next post, we will discuss these key drivers in details. Stay tuned.</span></div>
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span></div>
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<b style="color: #333333; font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif; font-size: 13px; line-height: 20px;">©2014 - TheHumanCapital</b></div>
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TheHumanCapital™http://www.blogger.com/profile/04644909962091245241noreply@blogger.com0tag:blogger.com,1999:blog-3073714608427165870.post-16532831478300760932014-07-14T03:52:00.000-07:002014-07-14T03:54:46.715-07:00Mantra for Running Effective Meetings<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">One of the aspects of true human resources professional is
on how you manage your time especially the meetings. The resources managers are always frequent telecons & meeting organizers as one of the critical aim of such meetings is to bring
leadership the right kind of insights and recommendations. The true value or
ROI can come if you are able to manage the meeting effectively i.e. the recipient
of information clears receives / acknowledge the information. Hence planning your
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixTC1lmJVSTwEX0DFabAXUCiBLn9OfEKzdz48_pNuJImr93ODT_GRKLiCmeJFl0VkpJEScxoOyyumqjtBnPaoV5syBvq4M975VzYEaK-PsWfxU-mkBRYia7UxMtIsNKzKOtTkbZV8LWvs/s1600/MEETINGS.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixTC1lmJVSTwEX0DFabAXUCiBLn9OfEKzdz48_pNuJImr93ODT_GRKLiCmeJFl0VkpJEScxoOyyumqjtBnPaoV5syBvq4M975VzYEaK-PsWfxU-mkBRYia7UxMtIsNKzKOtTkbZV8LWvs/s1600/MEETINGS.png" height="320" width="307" /></span></a></div>
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<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">The above techniques/tips from us will surely try to help you
in becoming better organizer and will infuse some of the key leadership skills
by running effective meetings.<o:p></o:p></span></div>
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TheHumanCapital™http://www.blogger.com/profile/04644909962091245241noreply@blogger.com0tag:blogger.com,1999:blog-3073714608427165870.post-82549591819104368752014-07-05T20:46:00.000-07:002014-07-06T09:56:17.444-07:00Resource Management - An Introduction<div dir="ltr" style="text-align: left;" trbidi="on">
<a href="https://blogger.googleusercontent.com/img/proxy/AVvXsEic-3n3ChQXS7ovwf5oqea5R_rs3R92nIS2vIYka4S3qgbqoq-G3Olnhg50pIYMhuuAEWlEnBDXsnenPUc7sSEUWd0HejuEiGYzWTDRUjRM_IFM5NzHcOY6pw-1uLykoSjeQXoqWe0XWwo7Bh8f9spUPRt1zjC_Fj7KJF9AFBJh=" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" border="0" src="http://sr.photos3.fotosearch.com/bthumb/CSP/CSP733/k7337613.jpg" height="176" id="irc_mi" style="margin-top: 185px;" title="" width="200" /></a><b><span style="color: #6fa8dc;"><br /></span></b><br />
<b><span style="color: #6fa8dc;">Resource Management</span></b> is one of the most commonly used terminology in today's Human Resources world. Wikipedia definition states that "<b>Resource Management (RM)</b>
is the efficient and effective deployment of an organization's
resources when they are needed. Such resources may include financial
resources, inventory, human skills, production resources, or information
technology (IT)."<br />
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In layman's language for somebody who is just starting his/her career in Human Resource Management, RM is all about deploying/allocating/staffing right professionals, at right job, at right time, at right cost & at right utilization to meet business goals and develop human capital of the organization. <br />
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The inception of RM, started since early 20th century when industrial revolution was just kicking in and need for mass production arose. The factories started hiring human resources in bulk and hence effort to effectively utilize them became paramount necessity. Those factories and companies started over burdening the resources/workforce with just one intention - being ahead of competition. The human aspect was getting lost, no body seemed to be bothered about labor welfare and words like "work-life-fit" did not exist then.<br />
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Gradually as we moved from Industrial revolution to new kind of revolution known as Information Technology & Telecom, with increased use of computers, software and related infrastructure, the workforce was transitioning from factory workers approach to knowledge worker approach. Just than in late 90s with Internet boom, the whole paradigm shifted and the need for software & IT services grew, and the birth new world of eCommerce was taking place. <br />
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The need for knowledge worker grew - the sudden surge of IT and Computer science professionals was instrumental in shaping up next gen. companies like <b><span style="color: #6aa84f;">#Amazon, #Google, #Facebook, #Mircosoft, #SAP, #Oracle , #Ericsson , #AT&T, #Vodafone, #TATA</span> </b>etc.<br />
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These were the companies which hires thousands of professionals each year to stay in business and have competitive edge. Some of these firms have over ten of thousands of professionals across multiple locations around the world. Hence the challenge of managing , deploying and developing them started becoming a challenge. This lead to a golden era of what we know as Strategic Human Resources - the new HR where its no longer perceived as a cost center/ support function, but was rather being recognized as Business Partners (the strategic advisor). Since professionals or resources are most important assets of all,the Resource Management (RM) started carving out of Strategic HR Management.<br />
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Next the next blog we will discuss on understanding resource managements in details and how does it impacts the business.</div>
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