14 November PROCAPITA's FTIC Strategic Thinking Media Report November 14, 2019 PROCAPITA News ftic, hr consulting, procapita, strategic thinking 0 - Related Posts PROCAPITA Media Report - PROCAPITA Corporate Governance Media Report - ProCapita's Partnership with MenaiTech - The Netflix Culture: What’s the Big Fuss About? Several articles, pretty long ones too, have been written about how Netflix has a great work culture, and how it reinvented HR years ago. In 2018, Netflix announced a record-breaking $11 billion in revenue and in 2020, it has 158.3 million worldwide subscribers. They’re clearly doing many things right, and amongst those things is HR. Not only is it one of the greatest entertainment platforms to have existed, but it also turns out that due to its articulate workplace culture, it is a place where several employees would like to be (here’s where great employer branding comes into play). Netflix, like any other company, cares to hire only the best and place a lot of value on integrity, excellence, respect, inclusion, and collaboration. However, what makes Netflix’s culture special is how much they: encourage independent decision-making by employees share information openly, broadly, and deliberately are extraordinarily candid with each other keep only our highly effective people avoid rules Furthermore, Netflix has seven aspects of its culture, and amongst those aspects are values they actually value and apply at the workplace while also looking for people ... Why You Should Benchmark in HR What is Benchmarking? Benchmarking is a systematic process that uses quantitative or qualitative data to make comparisons between different organizations or sections of an organization. It is a continuous procedure in which organizations periodically identify, measure, challenge, and improve their practices for better ones. In accordance, HR benchmarking is done when HR policies, practices, and metrics are measured and compared with those of other organizations. What is the importance of Benchmarking in HR? Knowing where you stand in the market compared to your peers is critical in order to keep you in the game whether internally or externally. If used wisely and correctly, Benchmarking can transform an organization’s HR and workforce management strategies by proving that HR practices can impact affect an organization’s performance and success. What will Benchmarking assist in? Identifying areas of weakness and how to improve them Identifying areas of strength and how to maintain them Creating strategies for improvement New or alternative ways to perform activities What can be benchmarked? It’s crucial to wisely choose what you want to benchmark as benchmarking everything may end up diluting your focus and shifting your attention ... 7 Trends HR Departments Need to Prepare For in 2020 Not only is the global economy changing but so are the mentalities and habits of the working people, and hence why HR have the biggest challenge in 2020! Below are some trends that HR departments ought to be prepared for, or in other terms, consider applying to keep up with the dynamic business environment. 1. AI & Automation In recent years, most of the HR departments are relying more on automation to increase the efficiency of several HR processes that would use up lots of time and resources if done manually. The automation trend will still be seen in 2020 and will continue to grow; however, Artificial Intelligence will join the game even more so in the upcoming year. “According to a study by Forrester, 53% of global data and analytics decision-makers say they have implemented, are in the process of implementing, or are expanding or upgrading their implementation of some form of artificial intelligence.” This goes without saying that some jobs that needed humans, might now be lost to artificial intelligence, such as jobs that require manual operation of machinery and ... Comment (0) Comments are closed.