Human Resources Issues for Senior Management
Issue link: https://digital.hrreporter.com/i/699912
CANADIAN HR STRATEGY/29 A look at the stats and trends that matter when it comes to organizational excellence HR BY THE NUMBERS For 39 per cent of organizations, change management efforts fail during the post-implementation phase, according to a Ca- nadian survey of 300 senior managers. Thirty-three per cent say the process fails most often during execution, while 13 per cent say it fails during strategy development. SOURCE: ROBERT HALF MANAGEMENT RESOURCES By the numbers THE MOST DIFFICULT PART OF BECOMING A MANAGER IS BALANCING INDIVIDUAL JOB RESPONSIBILITIES WITH TIME SPENT OVERSEEING OTHERS, ACCORDING TO 38 PER CENT OF 270 CANADIAN CFOS SURVEYED. SOURCE: ROBERT HALF MANAGEMENT RESOURCES CFO BALANCING ACT BIG DATA CHALLENGES PREDICTING CHANGE meeting higher performance expectations is the most dif cult adjustment 89% OF HR PROFESSIONALS SEE FINANCIAL WELLNESS AS EQUALLY IMPORTANT TO AN INDIVIDUAL'S OVERALL WELL-BEING AS THEIR PHYSICAL OR EMOTIONAL HEALTH 63% SAY THEY SEE THE ISSUE OF FINANCIAL WELLNESS AS AN EMPLOYER RESPONSIBILITY 71% FEEL A FINANCIALLY WELL EMPLOYEE IS ALSO A MORE PRODUCTIVE ONE RAISING ENGAGEMENT ONLY 36 PER CENT OF EMPLOYEES SAY THEY ARE "HIGHLY ENGAGED," ACCORDING TO A GLOBAL SURVEY OF MORE THAN 7,500 BUSINESS AND HR LEADERS IN 107 COUNTRIES. AND THE VAST MAJORITY — 87 PER CENT OF RESPONDENTS — FEEL LINKING SOCIAL RESPONSIBILITY EFFORTS TO LEADERSHIP DEVELOPMENT WOULD POSITIVELY IMPACT ENGAGEMENT. HOWEVER, ONLY 59 PER CENT SAY THEIR ORGANIZATION ACTUALLY LINKS THE TWO. SOURCE: KORN FERRY/HAY GROUP motivating the team prioritizing projects managing friends or former peers 56% 78% nd decisions based on data analytics, as opposed to experience and intuition, tend to deliver better results. somewhat agree that a business leader must go with her gut and intuition when an important decision needs to be made quickly. Fifty-two per cent of executives say they rely too much on data and analytics when making decisions and not enough on their intuition, while 41 per cent say the reverse, according to a Canadian survey of 250 senior leaders. SOURCE: SMITH SCHOOL OF BUSINESS MOST IMPORTANT FACTORS IN SUCCESSFUL CHANGE MANAGEMENT: 28% CLEAR COMMUNICATION 26% DELEGATING EFFECTIVELY 25% OUTLINING GOALS 22% MANAGING EXPECTATIONS FINANCIAL WELLNESS The average employer is losing $500,000 per year because of employees' nancial problems and resulting productivity losses, ac- cording to a Canadian survey of more than 400 HR professionals. SOURCE: LIFEWORKS