HR Digest

MAY 6, 2024

Consolidated HR Operations What is an HRIS? An HRIS consolidates HR data and processes in one place, enabling cost savings and streamlined operations compared to using disparate tools. Involve key stakeholders from IT, payroll/finance, HR, operations, and other relevant departments.

Human Resources 52

Human Resources System Information Resources 52

HR Digest

OCTOBER 17, 2020

These key areas include: Manage operations with minimal loss and disruption to daily business flow. According to a recent survey in USA Today, Americans are far more worried about their finances than their health amid the COVID-19 outbreak. Remuneration and Compensation Committees. When it comes to short-term incentives….

Short-term 59

Short-term Committee Incentives Long-term 59

HR Digest

OCTOBER 17, 2020

These key areas include: Manage operations with minimal loss and disruption to daily business flow. According to a recent survey in USA Today, Americans are far more worried about their finances than their health amid the COVID-19 outbreak. Remuneration and Compensation Committees. When it comes to short-term incentives….

Short-term 52

Short-term Committee Incentives Long-term 52

HR Digest

NOVEMBER 9, 2023

Diverse Compensation Committee Ensure that the compensation committee or team responsible for making decisions about compensation includes individuals from diverse backgrounds and perspectives. Designing compensation systems based on tips right from the source can cut down on the work to deduce what is needed.

System 52

System How To Benchmarking Diversity 52

Chartered Management Institute

NOVEMBER 15, 2023

Other key events we hosted included an in-person networking event with the HKU SPACE GMBA students and alumni, and four webinars on different topics: “Future Leadership in the Fourth Industrial Revolution”, “Deep Dives into STEM and Finance” as well as “Skills for New Employment Landscape” with the UNESCO HK Glocal Peace Centre.

Webinar 98

Webinar Education Conference Industry 98

Harvard Business Review

DECEMBER 6, 2010

Today, the guild mentality persists within companies, where functions such as marketing, sales, finance, IT, human resources and R&D all have their own area of special expertise. Marketing, sales teams and the DSD force itself operate with tremendous coordination to ensure that they are consistently aligned in their business objectives.

Operations 15

Operations Competitive Advantage Supply Chain Retail 15

Harvard Business Review

OCTOBER 22, 2015

One of the team’s central findings is that TDABC cannot be delegated to the finance function. The clinic created a high-level steering committee to oversee all its costing and value-improvement projects. Establishing this committee signaled that implementing value-based health-care delivery was an institutional priority.

Mayo 8

Mayo Health Care Committee Project 8

Harvard Business Review

MARCH 7, 2017

But with the departures of a number of high-level HR leaders in late 2016, head of operations Ryan Graves largely took on the head HR role in addition to his other duties. As Pete Ramstad and I note in Beyond HR , leaders often have far better developed frameworks for the value proposition of the finance function than for HR.

Compliance 12

Compliance Hedge Human Capital Finance 12

Harvard Business Review

AUGUST 13, 2012

A terrorist incident, a breakdown of the London rail system, power blackouts, volcanic ash clouds , flooding, an outbreak of infectious disease—the London organizing committee (LOCOG) and the International Olympic Committee (IOC) spent years thinking about every scenario they could imagine.

Risk Management 15

Risk Management Management Committee Insurance 15

Harvard Business Review

SEPTEMBER 11, 2017

And they count on well-intentioned, smart people sitting in a committee to decide which ideas are worth pursuing. Instead of having a committee vet ideas, they need a process that operates with speed and urgency , and that helps innovators and other stakeholders to curate and prioritize problems, ideas, and technologies.

Process 14

Process Innovation Incubator Committee 14

Harvard Business Review

DECEMBER 23, 2016

This leaves operating managers, the ultimate “consumers” of talent, to choose between two talent acquisitions methods (or “sourcing channels”): Either engage HR to acquire employees or engage Procurement to acquire contingent workers. Create one integrated workforce strategy.

Strategy 8

Strategy Span of Control Finance How To 8

Harvard Business Review

OCTOBER 20, 2016

As a practical matter, for example, these changes in the global policy regime are forcing multinational corporations to scale back and sell parts of their international operations. Meanwhile the Institute of International Finance forecasted net capital flows for emerging markets in 2015 would be negative for the first time since 1988.

Globalization 8

Globalization Banking Policies Politics 8

Harvard Business Review

OCTOBER 6, 2016

Hearings last month before the Senate’s banking committee and the House’s Financial Services Committee point to further dangerous cultural dynamics inside Wells Fargo. According to Stumpf’s testimony, a board committee became aware of the fraud “at a high level” back in 2011.

Banking 11

Banking Leadership Committee Ethics 11

Harvard Business Review

MAY 15, 2014

The report describes the company’s governance response and changed compliance framework — from holding 20 audit committee meetings in 2014, to substantial organizational restructuring, to enhanced education and training. The Audit Committee on behalf of the board sets key compliance objectives for the next calendar year.

Compliance 8

Compliance Committee Globalization CEO 8

Harvard Business Review

DECEMBER 4, 2017

Sales could be developing a behaviorally informed strategy, while operations looks for ways to cut costs. If you plan for the team to be self-financing after an initial period, how long do you have to make it work — a couple of months, or a couple of years? Find the Right Home for the Team. Engage functional representatives.

Company 8

Company Committee Ethics Project 8

Harvard Business Review

DECEMBER 12, 2016

Although this can present leadership challenges related to shifting strategy, culture and operations, it certainly isn’t rocket science. Engaging leadership in the finance domain – representing the denominator of the value equation – is helpful as it will ensure dedicated resources. Pick a High-Yield Pilot Site.

Health Care 8

Health Care Committee Compliance Project 8

Harvard Business Review

JULY 20, 2015

This advice, adapted from the book Finance Basics , will help you better understand how to create a useful budget. Instead, ask yourself what the budget shows about last year’s operations. Finance Basics (20-Minute Manager Series). Finance & Accounting Book. Budgets should be ambitious but realistic.

Budgeting 8

Budgeting Finance Cost Price 8

Harvard Business Review

JANUARY 20, 2012

The letters also warned that "the regulatory agencies involved hold powerful leverage through their ability to cut off financing to groups that fail to comply.". On February 6th, the State's Standing Committee on Investigations and Government Operations is holding a hearing. Cut to present.

Execution 14

Execution Letter Committee Policies 14

Harvard Business Review

FEBRUARY 2, 2016

You’ll often find customer relationship management within marketing, budgeting within finance, supply-chain management within operations, outsourcing within procurement, training within HR, and new product development within R&D. Some of the first business functionaries were railroad telegraph operators who managed schedules.

Development 8

Development Supply Chain Incentives Outsourcing 8

Harvard Business Review

MAY 10, 2016

This idea has led to regulation such as the Sarbanes-Oxley Act (2002), as well as requirements by the NYSE and NASDAQ that boards have a majority of independent directors and that members on the audit committee have financial expertise. But is this a realistic expectation for directors? .”

Company 8

Company Committee CEO Chemicals 8

Harvard Business Review

MAY 31, 2012

Such determination is subject to ratification by (and for an award to the CEO would be made by) the [Board's] Compensation & Management Development Committee. Dimon is scheduled to testify before the Senate Banking Committee in early June. There can be little doubt that the trading fiasco has harmed JP Morgan.

CIO 9

CIO Committee Risk Management Banking 9

Harvard Business Review

DECEMBER 2, 2011

What are the operational objectives which express those purposes? What are the operational objectives which express those purposes? How should executives be compensated based on success or failure in attaining the operational goals? customer satisfaction, risk audits, adherence to company ethics).

Politics 15

Politics Execution Report Risk Management 15

Harvard Business Review

AUGUST 2, 2018

.” Even if you cannot change your circumstances, “you might be able to change the microenvironment in which you operate.” “Eventually, I joined a company that wrote articles about legal operations and management, but I was incredibly bored and frustrated,” he says. Finances were a consideration.

Career 15

Career How To Learning-by-Doing Constraint 15

Harvard Business Review

JANUARY 27, 2017

But only the human oversight committee approves what gets “autonomized” and how it is implemented. In reality, “handoffs” and transitions prove to be significant operational problems. Autonomy is both the organizational and the operational center of gravity for innovation and growth.

Outsourcing 8

Outsourcing Software CAPEX Competitive Advantage 8

Harvard Business Review

MAY 26, 2014

How much time should the corporate executive committee spend on this new activity? New ventures, for example, often complain that the corporate finance function requires them to meet budget or lose bonuses or funding; or they can’t recruit the talent they need because of the corporate job evaluation approach.

Mass Marketing 9

Mass Marketing Brand Disruptive Innovation Advice 9

Harvard Business Review

MAY 23, 2017

This model doesn’t leave patient choice to chance; it’s hardwired into clinical operations. A proposal for a national demonstration of the advanced care model is now before the Physician-Focused Payment Model Technical Advisory Committee (PTAC) created by the Medicare Access and CHIP Reauthorization Act of 2015.

Health Care 9

Health Care Sharpe Document Cost 9

Harvard Business Review

MAY 25, 2015

So she decided to become an entrepreneur, and started a baking business that is financing her trip to Korea — one $5 loaf of hot, homemade bread, and $12 fresh-out-of-the-oven pan of cinnamon rolls at a time. My teenage daughter is going to Korea for two weeks this summer. Which meant she needed to earn nearly $3,000.

Entrepreneur 8

Entrepreneur Rogers Committee Technology 8

Harvard Business Review

SEPTEMBER 20, 2012

So as the industry developed and more than two-thirds of the successful social-networking apps turned out to be games, it was not surprising that the most popular ones — created by Zynga, Playdom, and Playfish — were operating from, and enriching, Facebook's site.

Strategy 8

Strategy Organization Committee Environment 8

Harvard Business Review

FEBRUARY 8, 2013

Business units come and go, but finance, HR, IT, marketing, legal, and R&D are forever. For example, Walmart doesn't succeed just because of a strong operations group. Nonetheless, many CEOs and top executives struggle with their functional organizations, and some question whether the established functional model is still relevant.

Supply Chain 9

Supply Chain Real Estate Short-term Merchandising 9

Harvard Business Review

NOVEMBER 20, 2017

Executives today must operate under the assumption that they will experience a cyber incident that will require them to notify their customers, investors, and regulators. House committee. More recently, it came to light that the SEC waited a full year before disclosing information about its breach. Insight Center. Sponsored by Varonis.

Execution 8

Execution Press Release Report Reputation 8

Women on Business

JANUARY 24, 2011

But many businesswomen are so overwhelmed with running day-to-day operations, there is little or no time to do a good job at casting the net of promotional effort out—whether through community activities, donations, networking events, promotional campaigns, public relations initiatives, or advertising—it is NEVER enough!

Press Release 100

Press Release Discount Advertising Sharpe 100

Harvard Business Review

APRIL 28, 2015

Note that this inclusive process is not decision-making by committee or by consensus. “We were Abelson-Frankel, yet operated as two separate agencies.” Then, after making the decision, I explained it fully to all stakeholders to reduce the stress of change among those affected.

Open-book 8

Open-book Career Rogers PR 8

Harvard Business Review

OCTOBER 1, 2013

Some people I interviewed said that some talented managing directors now decline joining operating or risk management committees or being designated as “Material Risk Takers” because of the accompanying liability and restrictions on their ability to sell stock. Compensation Finance Organizational culture'

Banking 10

Banking Risk Management Constraint Finance 10

Harvard Business Review

JUNE 13, 2012

At a meeting on April 8, Drew assured Dimon and the operating committee of JPMorgan that the trades were being well managed and would work out. Dimon likely would not have approved of the bets if he had known they were occurring.

Banking 11

Banking Kahneman Document Simon 11

Harvard Business Review

APRIL 24, 2017

At the other end of this dimension is the broader context, where politics operates at the organizational level. It might also include political capital that arises from membership of or strong ties to a high status group such as the finance committee, a special task force, or the senior management team.

Politics 14

Politics Bureaucracy Long-term Short-term 14

Harvard Business Review

DECEMBER 17, 2015

Medicine is fraught with anachronistic administrative structures, as well as competing and redundant decision-making processes involving many stakeholders (the hospital, doctors, nurses, compliance, finance, and others) who often work in silos and have differing goals. The data were startling.

Health Care 8

Health Care Diversity Proposal Document 8

Harvard Business Review

FEBRUARY 9, 2015

Among their trophies in 2014 was a complete housecleaning at Darden Restaurants, the largest operator of full-service restaurants in the U.S. In its 2013 proxy statement , GE announced that it is searching for director candidates who will bring technology, marketing, finance — and “leadership” experience to the boardroom.

Airlines 8

Airlines CEO Automotive Long-term 8