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Posts Tagged ‘best practices’

Nancy Balkcom_Holding AwardDo you know what it feels like to be a rock star? I DO!

I just returned from yet another amazing WBENC Summit & Salute. In fact, I feel this was most-definitely the best one ever, for a number of reasons. I was surrounded by amazing women, many who have already become dear friends, and many new connections who I am sure will also have a special place in my life. The camaraderie among these women lifts me up and makes me proud to be a woman-owned business. I have been in situations where that wasn’t always the case, and yet, I know that when I participate in a WBENC event, I can say it is a “sure thing” that I will be inspired and motivated to become a better person and share what I can with others.

The matchmaker meetings were one of the best things about the week.  I truly appreciated the time with Blue Cross Blue Shield and the other companies who took the time to meet with us.

I must admit, the best part of the conference this year was the fact that I won such a prestigious award. The WBE 2014 Star Award overwhelmed and excited me. It’s hard to believe that when I was 15 years old and learning the business through my father, and then taking over at the age of 29, that I would have the opportunity to be up on a stage accepting an award in front of peers and my family who I respect deeply.

In fact, if you were there, it wasn’t a secret how happy I was – I proved it when I felt comfortable enough to show my enthusiasm by dancing on the stage. Yes, I may have felt a little silly afterwards, but, that is the beauty of WBENC isn’t it? You can be yourself!

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What does it take to be one of the best places to work for top talent? This is a common question that many employers ask as they seek to develop workplaces that attract, retain, motivate and engage top performers. To follow are some common practices spanning the full cycle of employment from recruiting for a position to planning for the future talent needs in your company.

Staffing & Workforce Planning

  • Align your workplace with the needs, interests, and preferences of top performers
  • Brand the workplace by promoting aspects of your organization and highlighting aspects of your local area by using attractive messages, images, and materials
  • Recruit talent by selecting effective sourcing, advertising, and marketing strategies aligned with definitive policies for hiring only top performers and a definition of what characteristics, competencies, and behaviors those top performers exhibit
  • Select top performers using a variety of effective selection processes and tactics including trained hiring personnel and a combination of valid selection tools, measuring the success of selection decisions, and amending processes as needed
  • Develop an effective on-boarding program and engage new-hires
  • Plan for the future workforce by engaging in succession and workforce planning practices

Compensation & Rewards

  • Compensate top performers competitively according to market rates and review compensation structures in order to maintain competitive compensation
  • Pay for performance by linking, differentiating pay according to performance,  offering opportunities to earn more pay based on performance
  • Recognize and reward employees in meaningful way and show appreciation using formal and informal programs to recognize top performance
  • Provide a competitive array of health, welfare, work-life, and retirement benefits that support employee well being, work/life balance, and wellness

Development & Training

  • Provide training opportunities and ensure that these training solutions meet the needs of employees and contribute to improved job performance
  • Develop and advance careers by providing developmental services and programs that help employees attain their career objectives
  • Build challenging, meaningful, autonomous, and empowering job experiences for employees’ by using their skills and abilities to their fullest potential

Organizational Culture

  • Be socially responsible by providing ways for employees to engage in community efforts and initiating environmentally-friendly workplace practices
  • Effectively supervise and manage performance by providing supervisors with a variety of tools to manage their employees and their performance, and having general philosophies/policies surrounding managing others in the organization
  • Foster coworker relations and teamwork by building a positive and collaborative work atmosphere, providing opportunities for teambuilding and peer recognition, and embracing a diverse workforce
  • Lead with talent integrity by engaging employees through communication, support for programs, positive interaction, and accountability
  • Celebrate success as an organization and recognize employees’ personal events

Organizational Innovation, Success, & Performance

  • Facilitate creativity and innovation by providing opportunities for ideas, suggestions, and feedback; developing both informal and formal ways to promote creativity and innovation; and initiating processes/initiatives for employees to enhance products or customer experiences
  • Measure and communicating organizational performance as well as customer, client, or product achievements

What are some successful best practices that you have used to build the best team? We would love to hear your comments below.

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