A different aspect to Appraisals- AMBITION
Recently I attended the NHRD, Chennai, October meet.The guest speaker was Priya Gopalakrishnan, Director- HR, ING Vysya.She spoke on Talent Management where she covered all topics from acquisition to retention. When she touched upon Appraisals, she mentioned something very ineteresting. She said like all other companies we measure the Performance, Leadership etc but she added a new parameter which was AMBITION.
They adjudged the AMBITION of the employees which helped them to undertsand the willingness of the worker to stick to the company and sacrifice for the company. They have a signalling process called RAG( red, amber, green)which tells them which employees are planning to stay and which are set to leave.Some advantages are:
-Companies facing high attrition problems can be prepered with fresh talent when required.
-It will also aid their Succession Planning especially for the business critical roles.
- There will be no need to maintain a bench for evry function. This will also reduce their unnecessary expenses.
-The signalling process is done by the line managers thus by putting in efforts they can turn the amber to green instead of red.
They adjudged the AMBITION of the employees which helped them to undertsand the willingness of the worker to stick to the company and sacrifice for the company. They have a signalling process called RAG( red, amber, green)which tells them which employees are planning to stay and which are set to leave.Some advantages are:
-Companies facing high attrition problems can be prepered with fresh talent when required.
-It will also aid their Succession Planning especially for the business critical roles.
- There will be no need to maintain a bench for evry function. This will also reduce their unnecessary expenses.
-The signalling process is done by the line managers thus by putting in efforts they can turn the amber to green instead of red.
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