5 ways you can get the most out of your people in 2015

With the Cambodian economy still surging ahead, skills shortages and the war for talent, it is vital that you manage your human resources well. Below are some of the best ways to increase the performance of your people and your organisation in 2015.

(From Internet)

Improve policies, procedures, compliance and information:  Many businesses struggle to develop and maintain strong human resource systems. From effective human resource strategies, policies, inductions, performance management systems, legal compliance, accurate job descriptions, employment contracts, salary and benefits reviews etc. These are all necessary for you to manage and motivate your team, and help staff to be clear on roles, rewards, responsibilities and legal requirements.

Focus on your core business:  Many of the world’s most successful business understand that focusing on their core business can often lead to greater performance. Outsourcing non-core services can allow you to focus on what you do best. Look at areas of your business that drain your time and effort, and review if they can be outsourced.

Staff development:  Developing your team is vital in terms of company performance and also staff retention. Training can be delivered within the organisation or by external training providers. Take the time to understand the key skills required for your staff to perform well in their role.

Hire the best talent available within your budget:  We all know that we need quality staff for your business to reach it’s potential. Unfortunately not every organisation has the budget to offer market leading salaries. With so many companies vying for limited talent, a good recruitment strategy or recruitment partner is vital to enhance your talent pool and access to talent. Take the time to really understand what you can offer the candidates regarding salary, training, promotion opportunity, benefits, work environment etc. When considering salaries for key positions, don’t look at cost. Look at value. Achieving a saving on salary can cost you a lot in terms of performance.

Understand your market better: Good decisions require good information. In developing markets, there is often very little public information about particular industries, making it very hard to develop good strategy. With so much time, money and resources allocated to building a business, good information can help pick winning strategies and also avoid disasters.

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The article extracted from the marketing message of HRINC, Cambodia

By Adrian Low, Managing Partner HRINC