Role of HR in Employee Retention
An organization can’t survive if the top performers quit. It needs employees who are loyal and work hard with full dedication to achieve the organization’s objective. It is essential for the management to retain its valuable employees who think in favour of the organization and contribute their level best. An employee who spends a longer […]
Assessment Methodologies to Evaluate Competencies
Both assessment and development centers use a number of simulation techniques to evaluate competencies however any other effort for competency assessment can also use same methods or look for other appropriate ways to evaluate behaviors. It would be interesting to explore a little about some of the most used methods and best practices for assessments […]
What is Second Chance Hiring and Why It Matters in the Present Times of Distress?
What is Second Chance Hiring and why it has emerged as a Trend in the Present Times? We consider it an axiom that once someone is fired from a job or has done time in prison or otherwise, have a bad or blotted record, then chances of such people finding jobs is difficult and almost […]
Benefits of a Performance Management System
A good performance management system works towards the improvement of the overall organizational performance by managing the performances of teams and individuals for ensuring the achievement of the overall organizational ambitions and goals. An effective performance management system can play a very crucial role in managing the performance in an organization by: Ensuring that the […]
Role and the Importance of Human Resource Managers in Recessionary Times
How HR Managers Have to Deal with the “People” Side of Recessions With the Indian Economy as well as the Global Economy in deep recession, it is important for organisations to deal with the effects of the recession. They might have to lay off workers and professionals as well as cut down on costs, in […]
The purpose of organization assessment programs is to evaluate the potential of employees for growth and development within the organization. Many organizations such as Johnson & Johnson, Ford, Intel and IBM use such programs to fulfill their staffing requirements. Since these organizations are known for continuous innovation, they need special target groups in order to handle their very special department. These specially formulated teams consist of those individuals who have greater employability and are able to work under pressure. To speed up high-priority development of new products and innovation of entirely different products, highly competent individuals are required. In order to fulfill their staffing requirements, these organizations take help of assessment programs.
The process involves continuous review top executives and the next lower level employees in order to determine whether he or she is the right backup for the senior executive or not. This is the most important exercise which often takes several years in grooming the next person for the senior position.
It includes overall development of the selected individual and continuous review of his or her performance. This is a common assessment tool in Fortune 500 companies that choose their CEO by the same process. Organizations create a pool of talented employees who have high leadership potential. They are put to different jobs in different situations and are evaluated by a panel of experts. The process is usually restricted to senior level management only.
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Current Employment Trends and Their Implications for Business, Society, and Individuals
February 12, 2025
