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While it wasn’t known at the time of formulation, the HR practices shaped by Netflix, have gone on to get accepted as the norm across industries. These practices have such widespread adoption, that documents pertaining to the same have been viewed millions of times online. It was jointly curated by the then Chief Talent Officer and by Reed Hastings, the Founder- cum- CEO. Freedom and responsibility are the two major maxims followed by Netflix. While a lot of companies rely purely on technical qualifications to hire new people, Netflix’s procedure entailed identifying the holistically developed individuals. Once the new hires do well, they are quickly rewarded. Performance reviews are authentic, as the truth is spoken. It is the managers’ responsibility to hone the best of teams. The top management though is responsible for the overall company culture. The HR practitioners here, put greater focus on talent management and innovation.

Source:https://hbr.org/2014/01/how-netflix-reinvented-hr

Uploaded Date:24 June 2019

The Champions League final was recently held at the Wanda Metropolitano in Madrid, with Liverpool defeating fellow English club Tottenham Hostpurs. While Liverpool may have picked up the winner’s gong, it has had to share the glory with Madrid tourism. Madrid ended up the displaying an exemplary performance in terms of hospitality. The level of booking crossed above ninety percent in the city, as per business intelligence supplied by AEHM. Most hoteliers were in fact searching for British tourists, as they formed the bulk of the football visitors. This hallmark event proved to be a major platform for showcasing the city to an external audience.

Source:https://www.tourism-review.com/champions-league-boosted-madrid-tourism-news11081

Uploaded Date:12 June 2019

The workforce is increasingly becoming integrated with the gig economy. Freelancers, part- time workers and independent consultants are becoming the norm. This is true for both the skilled blue- collar jobs, as well as the top professions. Companies will similarly need to rework their talent management systems, to ensure the long- term viability of this un- tethered workforce. Digital nomads are solo entrepreneurs or location- specific independent consultants, who now need a way out to get access to formal banking, insurance, housing and other essentials. This is because all utilities are geared towards the older style of business processes. One country which has reworked its entire policy is Estonia, which is in north- eastern Europe. Estonia will not let digital nomads live in the country for up to one year. The trend is not only restricted to the millennials, but has also caught on with the older generations, including the baby boomers. Thus, workplace registration norms will need alteration worldwide.

Source:https://www.strategy-business.com/article/Designing-a-Future-for-the-Untethered-Workforce?gko=d0baf

Uploaded Date:12 June 2019

People who have worked their way up in life, tend to have a more perfectionist nature. This also arises out of any natural anxiety. Perfectionism need not always be a virtue. Instead, it could lead to some sort of self- sabotage. Research has confirmed that women generally have more such perfectionism tendencies than do men. There is a lot of overlap between simply having high standards, versus the stance of perfectionism. The first group prioritizes as per the need, while the latter has this tendency to keep self- ruminating. Those who have high standards, are the kind of people ideal for setting up organizations’ corporate strategy, as they can see the bigger picture. The other lot mentioned however, tries to please every single stakeholder, something that is clearly not possible in any competitive environment.

Source:https://hbr.org/podcast/2018/10/perfect-is-the-enemy?utm_medium=email&utm_source=newsletter_daily&utm_campaign=dailyalert_activesubs&utm_content=signinnudge&referral=00563&deliveryName=DM16476

Uploaded Date:08 June 2019

A job change of any kind is an exciting period for a lot of professionals. However, it can also some with its set of unexpected emotional tumults. Job changers need to change themselves as well at such times. This is true in case one was there at the previous job for long or even a short period of time. The process of becoming an ‘ex’ can often get painful. Companies too need to understand this, so must equip new joiners with the right tools to cope with such an emotional stress. The right talent management practices need to be incorporated so that the new employees can get familiar with their new surroundings. Self- reflection usually takes place after one has joined at a new place. This will help cope with the uncertainty and unpredictability.

Source:https://hbr.org/ideacast/2018/11/how-your-identity-changes-when-you-change-jobs?utm_medium=email&utm_source=newsletter_daily&utm_campaign=dailyalert_activesubs&utm_content=signinnudge&referral=00563&deliveryName=DM19479

Uploaded Date:08 June 2019

There are several ways in which the hidden talents of any company’s staff, may be nurtured. This was studied by PwC’s 22nd Annual Global CEO Survey. To start off, one needs to gamify the process of business innovation. Hackathons need to be organized to nurture the practice. To further develop them, innovation incubators need to be set up. Agile work approaches have to be adopted. The talent recruitment process, must keep the concept of diversity in mind. A diverse team is best to elicit a variety of responses among the people. And finally, companies must never be afraid of or blame failures. Instead, they need to be embraced.

Source:https://www.strategy-business.com/blog/Uncovering-the-hidden-talent-on-your-staff?gko=0c244

Uploaded Date:08 June 2019

The number of people opting for freelance or independent job roles, is growing substantially. Over the last five years alone, nearly four million workers have gone independent in the USA, as per business intelligence supplied by Upwork. Though the practice of gig workers is associated with blue- collared profiles at Task Rabbit or Lyft, the vast majority of such professionals, are knowledge workers. A study was conducted by the management consulting firm Eden McCallum and the London Business School, to understand what are the skills that such workers must enhance, to ensure a steady supply of assignments. They need to be proactive and build psychological resilience. They must also have mental agility to shift work. Some challenges also inherently creep in. One is on managing security. Another is to manage back- room activities. Another is how to deal with loneliness. Giving up on a known brand is another such challenge when one leaves a stable job at a big firm.

Source:https://hbr.org/2019/05/are-you-ready-to-go-freelance?utm_source=twitter&utm_medium=social&utm_campaign=hbr

Uploaded Date:08 June 2019

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