Sunday reading for May 04, 2014:
1. When Josh Bersin, Principal and Founder of Bersin by Deloitte writes something about HR it usually gets my attention. And his piece on Linkedin about the need to re-design the function is no different. Bersin points out that while HR is perhaps best known for the work it does in employee relations, the biggest impact for HR “comes from its role in supporting, developing, and identifying leaders.” …Basically talent management. And as Bersin points out, to be strong in the talent management space one has to possess a deep understanding of performance management, how to conduct assessments, statistics and data analyses, and also I/O psych. To learn more about what the future of the Human Resources function looks like (and what you should be doing as an HR pro to get ready for it) check out Bersin’s full post here.
2. Dan Walter, President and CEO of Performensation has a great post up on Compensation Café that’s chock-full of ideas on executive compensation reform. Among them; in order to better align pay with performance (and the long-term best interests of a company), Walter proposes tying the voting power of shares to the length of a shareholder’s investment. He also proposes a share lockup provision that would expire at the same time that top executive’s equity grants vested – with the trade-off for the executive(s) here being that in exchange for more committed and engaged shareholders they would receive much smaller severance packages if performance was inadequate. These are some quirky ideas with probably zero chance of being implemented, but I love the creativity and hope that some organization gives one or two of these a shot (it would make for a fantastic def14a read). Check the full post out here.
As always, please share your thoughts in the comments below.