Articles

 

The future of HR is in People Analytics

The human resources department is still struggling to assert its authority although tremendous progress has been made. Its biggest challenge is the inability to show its value through objective evidence. The key question always is how human resources practices are impacting positively on the business. While the human resources profession has tried to get representation […]
Developing Transparent Remuneration Systems

Developing Transparent Remuneration Systems

The issue of remuneration is an emotive one that both sides in an employment relationship need to handle with due care. Because of its significance in the lives of employees remuneration plays a key role in driving the performance of any business. A transparent remuneration system which can be defended should questions arise is a […]

Take note of these issues if you want to improve your company performance management practices

Most performance management system suffer from two main perennial problems, measurement problem and feedback problem. Regardless of what your system is called these are the main problems that make most performance and measurement systems useless.  I know a lot of organisations have different systems some very old and some new and with fancy names. Unless […]

Is the Balanced Scorecard Approach better than other systems of Managing Performance?

To those who have no knowledge of the balanced scorecard approach to performance management I encourage you to read my previous articles on the same subject. There has been debate in both the corporate world and academic circles on whether the balanced scorecard approach is better than other systems of managing performance. My answer to […]

WHY IT IS TIME TO DEVELOP A COMPETENCY MODEL FOR YOUR BUSINESS

Competencies refer to a combination of knowledge, skills, abilities and other individual characteristics that can be reliably measured and that are shown to differentiate performance. The concern for performance in the workplace has triggered interest in discovering what sets apart best performers from their average counterparts. This has given rise to the body of knowledge […]

Best Practice In Developing A Performance Management Policy

In a challenging economic environment like ours, the only way to ensure the continued viability of companies is to focus on performance and reward it accordingly. What should be on the minds of executives is how they can effectively measure and manage performance at all levels within their organisations. However, there are two challenges that […]

What the Best Company Boards Focus On

Non-Executive Directors are faced with several challenges as they do their work. The quality of the Board members significantly impacts the performance of the organisation.  The quality of Board members is largely depended on the selection criteria and process.  In some instances, the quality of the NEDs is influenced by the remuneration on offer. Organisations […]

Designing a Sustainable Pay Structure for your Organisation

An equitable remuneration structure is a key component of any business. Ensure your business has an equitable pay structure. A pay structure puts people in grades. Each grade will have a minimum, midpoint and maximum salary. The minimum salary reflects what the business is willing to pay for any position at entry into that grade. […]

Remuneration Outlook for 2019

The economy has experienced significant changes since July 2018. The introduction of the Transitional Stabilisation Program by the Minister of Finance and Economic Development followed by the monetary policy by the Reserve Bank has brought in new challenges for businesses. The subsequent business challenges emanating from the policy changes above have brought in new challenges […]
Payment of salaries in forex

Payment of salaries in forex

Industrial Psychology Consultants (IPC) carried out a survey on payment of salaries in forex. The aim of the survey was to determine the prevalence of payment of salaries in hard currency and how companies are financing these practices. A total of 83 HR practitioners from different organisations and economic sectors participated in this survey.Most participants […]

Take a look at the current cost of living dashboard, representing the real time costs incurred by the Zimbabwean citizens. The dashboard shows costs at different levels of employment that is Executives, Middle Management and Lower levels.

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