Turkey Day is only a few short weeks away. Fend off the urge to gorge on large amounts of turkey and stuffing early by reading these top five stories from Talentmgt.com for the week of Nov. 5.
1. It’s Time to Drop the Focus on Competencies: Performance management could use a back-to-basics approach. Pairing a coaching and development model with a social platform can help, writes Talent Management editor Jeffrey Cattel is this issue’s special report on performance management.
2. Also in this issue’s special report: From Feedback to Feed Forward: The move to a coaching and development model doesn’t mean companies throw out hard metrics, the cornerstone of the competitive assessment model. Instead, metrics are used more strategically. Jeffrey Cattel has more.
3. Tips to Fix Employee — And Voter — Apathy: Employers and politicians have at least one thing in common: trying to boost the engagement of others, writes Allan Steinmetz, CEO and founder of Inward Strategic Consulting, an employee brand engagement consulting firm.
4. How to Recruit on the Right Foot: What do employers value above all else when it comes to new hires? Immediate impact, writes Talent Management editor Mike Prokopeak.
5. A Framework for Better Coaching: For more than 100 years, global agribusiness Archer Daniels Midland, a company with 30,000 employees, had no official performance management process, writes Talent Management editor Jeffrey Cattel.
In Other News …
Is having your CEO double as the board chairman a good idea?
A report in The Wall Street Journal this week citing a forthcoming study from Indiana University says companies should proceed with caution. “How and when the two positions are separated can affect a firm’s stock performance, according to a study expected to be published in the Academy of Management Journal next year.”
The Journal article continued: “Researchers found that demotions — which comprised 10 percent of all splits — correlated with dramatic changes in stock performance. Companies that demoted their CEO-chairmen saw a reversal in their stock performance the following year, either from positive to negative, or negative to positive.”
Click above to read the full article.