Articles
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 […]
Leadership Derailment – Lessons every organisation need to learn
General mental ability (42.3%) is the best predictor of individual employee performance followed by job knowledge (23%) and integrity (21.2%). All the other factors such as qualification and experience only contribute less than 3%. Despite this evidence from scientific research, we find that intelligent and very bright people do not always do well especially in […]
Competency Profiling – The First step in employee development
Competency profiling is the process of identifying, defining and assessing those competencies believed to lead to higher employee performance in a particular job within the context of your business. When you identify and define these competencies you are making a hypothesis that these competencies have the power to predict good performers in your business. You […]
Are millennials really lazy?
A total of 698 Zimbabwean employees participated in an online survey of protestant work ethic (PWE), internal locus of control and self-evaluated individual performance that we recently undertook. The purpose of the study was to find out if there is any significant differences between Liberators and Born Frees in work ethic as measured […]
Current market practice in setting employment contracts for Executive Staff
We recently undertook a survey on employment contracts for Executive staff. The purpose of this research was to understand the trends in executive employment contracts in Zimbabwe. We collected data from 39 organisations. The participants represented 15 economic sectors amongst them: manufacturing, mining, financial services, agro-processing and agriculture, transport and logistics, non-governmental organisations, quasi-government, and […]
Companies seriously need to reconsider their remuneration systems
The biggest challenge facing Zimbabwean organisations today is to manage wages and salaries against the worsening economic environment. This is the time for the country, industry and individual organisations to rethink their remuneration systems. The major problems which I have alluded to in my previous articles are that wages and salaries are based on grade […]
Why Zimbabwean Products are not Competitive- A Productivity Perspective
The OECD defines country or national competitiveness as “the degree to which a country can, under free and fair market conditions, produce goods and services which meet the rest of the international markets, while simultaneously maintaining and expanding the real incomes of its people over the long term.” In order for Zimbabwe to achieve this […]
Remuneration Challenges & Recommendations – A Country Perspective
Country Wage System overview Staff costs take a big junk of what every business generates in revenue hence the high level of attention it attracts from senior corporate leaders and shareholders. Despite the significance of optimal staff costs in running a successful business most organisation have no coherent strategy to harness the value from what […]
Why Performance Management is a waste of time and resources
In most organisations, performance management is a waste of time and resources. Whilst most organisations claim to use some form of performance management systems very few have realised the full benefits of such a system. The major reasons for failure of performance management systems is poor design and implementation and general lack of political will. […]
Public Entities Corporate Governance Bill: What can be improved?
While the government should be applauded for taking steps to address corporate governance issues in public entities through the Public Entities and Corporate Governance Bill, it should be noted that the major perennial problem with state entities has not been lack of legislation to deal with violations of standards, but lack of political will to […]
