Tuesday, April 15, 2008

Just don't do it....

So many times I meet people who want to do things just because everyone else is doing it, at times without even thinking about the impact on their organisation. Recently I got asked a question saying 'I hear that stock options keep coming in favour or going out of favour with employers, so do you think I should do this for my organisation at this point in time'.

What most of us fail to understand is that no HR program works in isolation. If one is putting in a suggestion scheme in place then just putting the scheme in place and having financial rewards for the best suggestions does not lead to the success of the program. The intent of involving everyone in the success of the organisation also needs to be backed with a lot of communication about what the organisation is doing or trying to do and connect them with the reality of the business so that the suggestions that come are not ONLY towards improving the peripheral issues, like switching off lights and putting signages, but they also help resolve serious business issues faced by the organisation.

A stock program is an ownership program hence along with giving stock one also needs to create an environment of ownership through various behaviours that the owners, managers and peers need to display to get the maximum benefit from the program.

Hence 'Just don't do it...' because its the current fad right now, but seriously evaluate what you want to achieve and also what all you will need to do to make any of the HR programs successful.


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