Ed Nangle is our guest blogger today. Ed has many years of HR experience spanning several industries such as electronics, manufacturing and management consulting. Ed has been a trusted mentor of mine for years as well as a valued teacher for Kennesaw State University.
Knowledge Management is a topic near and dear to my heart as my business partner, Barbara Hughes and I embraced this concept 15 years ago this month!
THREE PET PROGRAMS: PAY FOR PERFORMANCE, KNOWLEDGE MANAGEMENT AND TALENT MANAGEMENT
Over the years I have determined that these three programs (Pay for performance, knowledge management and talent management) could be the catalyst that makes Human Resource Practitioners more acceptable to the Executive Management Team in successful companies.
Talent management has become more important in the past few years since the demand for experience and skills has increased when the supply has declined substantially. We continue to educate students in curriculum that does not meet the needs of the growth in industry. Business needs are not the driving force when it comes to curriculum design and education programs. So given that, companies need to retain their human capital once attracted and educated to the culture of the companies. By combining Job Analysis, Recruitment, Staffing, Training, and Retention functions into one umbrella, Human Resource Practitioners can become more visible to Executive Management Teams. The executives can see the value in having the experience and skills on board instead of continuously turning over and recreating the wheel over and over again. The loss of productivity and negative ROI is very costly and very evident to executive management.
With E-Communications and all the advanced options of data storage we should all require that our companies initiate a job duty manual for all positions in electronic format. This should become one of the job expectations of each job and become part of the evaluation for performance issues. Come on salvage knowledge management as one of our contributions to the bottom line. Be a hero!!