Mohona Jahan Muna’s Post

Decoding Success: The Talent Equation in Contemporary Business Dynamics Ensuring exceptional service delivery is paramount for any company seeking to thrive in today's dynamic landscape. Adapting to ever-evolving technological advancements, shifting customer demands, and fluctuating labor market dynamics necessitates a strategic approach. The key lies in attracting and retaining top-tier talent, a cornerstone of sustainable business growth. Renowned scholar Zeynep Ton , serving as a Professor of Practice within the Operations Management domain at MIT Sloan School of Management and the co-founder and president of the nonprofit Good Jobs Institute, emphasizes a departure from outdated methodologies. The conventional tactic of minimizing wages and tolerating high turnover rates, once effective, is now outdated in the face of heightened competition and a tightening labor market. She advocates for a paradigm shift towards cultivating 'good jobs,' elucidating the profound impact they wield. Through fostering an environment of empowerment, fair compensation, and professional development, companies can forge a virtuous cycle of success, elevating their standing amidst fierce competition. #TalentDecoded #BusinessSuccess #ModernStrategies #CompetitiveEdge #TalentEquation #hiring #apac

Can your #compensation philosophy withstand #disruption? With roles and capabilities evolving faster than ever before, key pillars of #Employee #Value #proposition are constantly playing a catching-up game. There is always an organization that is challenging the status quo with its disruptive approach to #Talent #strategy. Therefore, it is incumbent upon the #HR leaders to be up for this challenge to attract and retain high quality talent. Compensation – one of the top two pillars of #EVP, needs to be stress tested regularly against the #emerging models in the market to enable necessary pivots in the compensation philosophy. The framework for this exercise needs to encompass elements such as #compatibility with #role design, optimal pay mix across bands, aspirational #benchmarks, market alignment for #niche capabilities, #wealth creation opportunities, and linkage to key performance indicators. Any compensation benchmarking exercise needs to go beyond just industry averages & conventions and should be able to generate genuine actionable insights for the wider talent strategy. The data points should allow for nuanced correlations between compensation models and role design, operating models, #KPIs, along with insights into #payout structures. Connect with Tarunesh Madan, Sr. Partner & Managing Director, and JITIN MANGLA, Principal at Amrop India, to explore more on the Compensation strategy for your organization. #CompensationPhilosophy #TalentStrategy #HRLeadership #EmployeeValueProposition #CompensationBenchmarking #RoleDesign #PerformanceIndicators #WealthCreation #TalentStrategy #HRInsights #AmropIndia

𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗶𝗻𝗴 𝗪𝗼𝗿𝗸𝗽𝗹𝗮𝗰𝗲𝘀: 𝗧𝗵𝗲 𝗞𝗲𝘆 𝘁𝗼 𝗙𝗮𝘀𝘁-𝗣𝗮𝗰𝗲𝗱 𝗦𝘂𝗰𝗰𝗲𝘀𝘀 Imagine walking into a workplace where every day is a chance to learn something new, to grow, and to innovate. This isn't just a dream; it's the reality of organizations committed to continuous learning, employee well-being, and inclusivity. In such environments, employees aren't just clocking in hours; they're evolving, bringing fresh ideas and renewed energy. This continuous journey of learning not only benefits the individuals but creates a ripple effect of growth and innovation throughout the organization. When employees feel genuinely supported and included, they don’t just work; they thrive, and in turn, the organization soars. Think about the difference regular, empathetic performance monitoring can make. It's not about keeping tabs but about truly understanding each person's unique path and potential. With timely and thoughtful interventions, what might seem like setbacks can turn into pivotal growth moments. This proactive approach, combined with a commitment to inclusivity and protection, keeps employees aligned with their personal goals and the company’s vision. In the rich tapestry of India's workforce, this tailored support system can lead to a deeply connected, highly productive team, where everyone feels seen, heard, protected, and valued. At the heart of this transformation are policies that are fair, inclusive, and designed for clear career progression. When employees see that their growth and protection are a priority, they form an emotional bond with their workplace. This connection fosters trust and loyalty, which are essential for sustained and accelerated growth. By embedding a culture of respect, fairness, and support, organizations can achieve extraordinary success, creating a vibrant, dynamic workplace where everyone is empowered to excel. #ContinuousLearning #Training #Learning #Diversity #Safety #Policy #EmployeeMonitoring #TimelyIntervention #RightPolicies #Inclusion #Protection

🔔 NEW REPORT! 🔔 Tightening of monetary policies in 2023 will likely have a negative impact on global growth this year. In our latest Workforce Trends Report, we connect the impact of the economic landscape to the trends shaping the world of work right now: “The Big Stay,” hiring temp versus full-time during an economic downturn, skills-based hiring and wage inflation trends. Read now: https://hubs.li/Q02vxwGP0

Employee Mindset in 2024, A Transformed Landscape in India https://lnkd.in/g8QPGthh Beyond just a paycheck, employees might increasingly seek work that aligns with their personal values and contributes to a larger purpose. #employeemindset #sightsinplus #humanresources

Read an insightful article in 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 on the workplace issues surrounding Gen Z, and there are a few things that stood out for me: ➡ There is a widening trust deficit between employers and employees, which leads to micro-management and, ultimately, a toxic workplace. ➡ A vast number of employees seem not to trust the grievance redressal processes at workplaces. Employees did not report the toxic behavior of managers for fear that their professional growth would be stalled. ➡ The churn at the global level is putting pressure on Indian companies. The top management feels it can maximize profits here due to the aspirational workforce and hence set unrealistic targets. ➡ Companies are struggling to deal with the demands of a multigenerational workforce. ➡ The clashing of the old guard and younger generation over work standards is leading to quiet quitting, where young workers disengage from work and deliver only the bare minimum due to their dissatisfaction with work conditions. ➡ There is a lack of professionalism in Gen-Z and a lack of understanding about the dynamics of different sectors. ➡ With a widespread lack of hard and soft skills, Indian companies are struggling with resource planning, increasing the pressure on existing employees who can perform. It’s clear that bridging these gaps requires a collective effort—from fostering open communication and building trust to redefining workplace policies that accommodate generational diversity. Organizations that proactively invest in skill development, transparent grievance redressal, and realistic goal-setting will not only retain talent but also create an environment where all generations can thrive together. The future of work depends on how well we address these challenges today. #workplace #business

Quick bite....The Never-Ending Race: From Cradle to Grave ... report revealed that 85% of Indian employees feel disengaged at work due to unclear job roles and unrealistic performance targets. This disengagement is a significant predictor of increased turnover rates and reduced productivity. From "cradle to grave" means from the beginning until the end of life. For example, someone might describe a life as "a life of hardship from the cradle to the grave". ...Must Read ..insightful...#HR #ESG #Quickbite

Why Typical DEI and HR Strategies Simply Don't Cut It Mainstream equates to comfort. Yet progress has rarely been a child of ease. In the realm of #DEI and #HR, it's time to push past the comfortable and question the status quo. Science based approaches are not just welcomed but essential. Change isn't a linear, tidy process. It's a jumbled, chaotic affair, filled with obstacles and detours. Yet, it's within this chaos that the most remarkable strategies are born. Why? Because they defy the common. They stir the waters. They challenge complacency, catalyzing real growth. Real progress in DEI and HR isn't about maintaining the well-trodden trails. It's about courageously charting new territories, embracing innovation, and pushing boundaries. It's on us to boldly reimagine our strategies, to be architects of change. To lead with a vision that dares to challenge conventions. Taking the familiar paths only leads us in circles. We have to blaze new trails, and not just incremental change, but transformational growth. So, are you ready to venture into the unchartered waters? To disrupt the status quo for the sake of lasting progress? Embrace the messiness of change. Dare to challenge, dare to change. _________________________ ➡️ Join 27,500 professionals to learn simplified, yet vital, science-based workplace, #DEI and people strategies by following: https://lnkd.in/gf4q2u7j ➡️ We do a deeper dive into the business of People Strategies in our weekly Newsletter - The Business of #DEI. Join here: lnkd.in/d_E8EuTp

"Today marks the successful completion of my #15Days #HRTrends challenge. Over the past two weeks, I have shared insights into various HR trends shaping the industry. The joint FICCI and BCG report highlights shaping HR practices in India GenAI-driven HR, ESG and sustainability, evolving talent management, employee well-being, diversity, equity, and inclusion (DEI) While 9 in 10 CXOs believe GenAI improves productivity, only 45% have implemented it in HR Resistance to DEI persists, and despite 70% of firms leveraging real-time analytics, only 47% use predictive modelling. ESG initiatives are becoming crucial for HR strategies. Jyoti Vij, Director General of FICCI, highlights the evolving business landscape driven by technological advancements, workforce dynamics, and sustainability imperatives. • GenAI Adoption : Despite 90% of CXOs recognizing the benefits of GenAI in enhancing productivity, only 45% of organizations in India. • ESG and Purpose-Led Culture : 84% of CXOs see ESG initiatives as essential for shaping HR strategies. • Workforce Well-being : Burnout is a major concern, with 58% of employees experiencing it. Only 23% of CXOs report high employee engagement. • Diversity, Equity, and Inclusion (DEI): Although 66% of CXOs agree diverse teams boost performance, only 49% have DEI metrics at all levels, and resistance to change is seen as the biggest barrier to implementing DEI initiatives. • Predictive HR Analytics : While 70% of organizations utilize real-time analytics for decision-making, only 47% have adopted predictive modelling, showing an untapped potential for workforce planning and future HR In the coming week, I’ll be introducing new challenges and case studies to explore these trends further. Stay tuned for more updates and engaging discussions!" #GenAIinHR #ESGinHR #TalentManagement #EmployeeWellBeing #DiversityAndInclusion #SustainabilityInHR #PredictiveHRAnalytics #FutureOfWork #HRTech #WorkLifeBalance

The ‘Great Resignation’ is on the rise again, with 28% of employees ‘very or extremely’ likely to move from their current roles, up from 19% in 2022. What’s driving this shift? Employees are overworked, and want workplaces that invest in their #skills growth. So, businesses need to prioritise #training and #upskilling to help employees keep up to date with emerging technologies like #AI and meet their evolving needs.