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Quote of the Day

Success is a lousy teacher. It seduces smart people into thinking they can't lose.

Bill Gates

Employee Lift Out

Concept Briefing:

Employee Lift Out or Team Lift Out is an employment practice which entails hiring a high-performance team of people from the same company, usually a competitor. Because the group of people lifted out have worked well together, they can quickly come up to speed in a new environment. A more conventional strategy is to hire star performers individually, but it is often difficult for stars to work together effectively once they are separated from the conditions and resources that made them successful in previous environments. As a side benefit, lift outs often inflict financial and competitive damage on competititors.

Continue reading 13 Feb 2007 18:57:48

Succession Planning

A process for identifying and developing internal people with the potential to fill key, often top, positions in the organization. Succession planning is based on a belief that top talent in the organization must be managed for the greater good of the enterprise. Succession planning increases the availability of experienced and capable employees that are prepared to assume these roles as they become available. Effective succession or talent-pool management concerns itself with building a series of feeder groups up and down the entire leadership pipeline or progression.

Succession planning practice usually involves the followings:

30 May 2011 03:58:49

Co-sourcing

Concept Briefing: Co-sourcing is a method of procuring necessary skills by contacting an outside consultant to co-work with staff from inside an organization to perform a certain task. Co-sourcing has advantages over total outsourcing as it minimises sourcing risks, brings in transparency, clarity and better control over the processes outsourced. It may also help enhance internal skills.

Example of co-sourcing is outsourcing part of software development or software maintenance activities to an external organization, while keeping part of the development in-house. One of more aspects of internal audit function such as IT audit may also be a good candidate for co-sourcing.

30 May 2011 03:49:19

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