Articles
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
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 […]
Perks Zimbabwean Employees Prefer
Zimbabwean employers have traditionally offered their employees a number of benefits as part of trying to attract and retain them. It is incumbent upon employers to periodically check if their perks are in line with what employees need and their ability to pay and sustain such benefits. We surveyed over 500 employees across all sectors […]
University student’s perception of industrial attachment
Industrial Psychology Consultants (IPC) recently carried out a survey to evaluate experiences and perceptions of students with regards to industrial attachment. Most degree programs have a mandatory industrial attachment period where students are expected to get hands on industry work experience for about twelve months. There has been a lot of debate over industrial attachment. […]
Career Tip: Get A Mentor
If you have had the opportunity to discuss with the liberators (the pre-independence generation) and the born frees (post-independence generation) about their work you will observe that there is a huge divide between these two employee groups in terms of motivation, values and perception with regards to work. You may have also noted that there […]
Performance Management Implementation Enablers
There is no credible denial that a well-functioning and appropriately implemented performance management system that is objective and comprehensive can deliver real, bottom-line business results. An efficient performance management system prompts and energizes people to take responsibility for their performance and should lead to the achievement of superior results. Indeed, winning organisations get their competitive […]
