INTERNAL BRANDING TO STRENGTHEN TALENT RETENTION STRATEGIES.ppt
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1、INTERNAL BRANDING TO STRENGTHEN TALENT RETENTION STRATEGIESABF Post-Conference Workshop,23rd April 2008Kenny OngCNI Holdings Berhad,www.myCNI.com.my,www.OOBEY.com,Basics of Retention,Regardless of Branding or No Branding,www.myCNI.com.my,www.OOBEY.com,The 51.28%Theory,Resign=Push+Pull 51.28%If staff
2、 is Happy:=0+Pull 51.28%,www.myCNI.com.my,www.OOBEY.com,Philosophy,Ultimate Objective of Marketing:“Get more people,to buy more things,more frequently,at higher prices.”,Sergio Zyman,“Retention and Loyalty are useless if No Conversion is happening.”,www.myCNI.com.my,www.OOBEY.com,Philosophy,“Retenti
3、on and Loyalty are useless if No Conversion is happening.”,“Retention and Loyalty are useless if No Performance is happening.”,www.myCNI.com.my,www.OOBEY.com,Philosophy,Loyalty is misleadingHeavy Consumption LoyaltyLoyalty Heavy Consumption,Good Performance RetentionRetention Good Performance,www.my
4、CNI.com.my,www.OOBEY.com,Philosophy,“In business after business,60%to 80%of lost customers reported on a survey just prior to defecting that they were satisfied or very satisfied.”,HBR March/April 1996,www.myCNI.com.my,www.OOBEY.com,Retention Groups,Retention,Experience,Swing,Ex,Oppose,www.myCNI.com
5、.my,www.OOBEY.com,Retention 1:Experience,Loyalty=Experience vs.Expectations,Solution Strategy:Expectations=Business,Boss(Q12),Job,www.myCNI.com.my,www.OOBEY.com,Loyalty 1:Experience,Clear expectationsResourcesMaximize talentsRecognitionCaring BossEncourage development*,ExpressionCompany MissionCo-wo
6、rkers*FriendsProgress updatesLearn and Grow,What“Expectations”?Refer Q12,www.myCNI.com.my,www.OOBEY.com,Loyalty 2:Swing,Loyalty=Best alternative at the current moment until I find another alternative,Solution Strategy:Improve your Q12,or Try Your Best,or Live with It,www.myCNI.com.my,www.OOBEY.com,B
7、rand Execution:Talent Sub-segment-Swing,Swing Talents are“loyal”because:Individual RelationshipsConvenience(at that point in time)Contractually tied-upDirect Incentives*No better alternativeSubordinatesNo known alternativeCV friendly,www.myCNI.com.my,www.OOBEY.com,Dangers of Direct Incentives,lessen
8、 internal motivation,switch to mercenary mode,do something and do not do something else,bribe and fraud culture,easier for competitors to recruit,lessen teamwork&helpful culture,less and less impact for same value,mockery of base salary and employment contract,rebellion from non-incentivised staff,e
9、nd up incentivising everyone for everything?,www.myCNI.com.my,www.OOBEY.com,Swing Talents:Try Your Best,Over PromoteLoansSpot BonusesBlock recruitersThe SpouseToysGlorified TitlesForced Ambassador,“Position”the competitionSell the DreamGive them a Best FriendInternal Trainer,www.myCNI.com.my,www.OOB
10、EY.com,Current Brand vs.Ideal Brand,Know the past to create the future,www.myCNI.com.my,www.OOBEY.com,Current Brand,Current Status,Background&Implications,Founders Senior leaders Age,Gender,Race not a barrierCustomer-focused,really focused,Flexibility vs.DisciplineAd-hocProject-basedEmpowerment Youn
11、g talents leaving,www.myCNI.com.my,www.OOBEY.com,Current Brand:The Four Desperates,1.Desperate Competition,2.Desperate Consumer,3.Desperate Achievers,4.Desperate Changes,www.myCNI.com.my,www.OOBEY.com,Components of Branding,Positioning,Execution,and Communication,www.myCNI.com.my,www.OOBEY.com,Objec
12、tive of Branding:Way back in 2004,Thomas Cup,Indonesia,www.myCNI.com.my,www.OOBEY.com,Objective of Branding:Now in 2007,CNI Beemax Factory Visit,ChinaTop LeadersProduct DevelopmentMedia,www.myCNI.com.my,www.OOBEY.com,Components of Branding,Positioning,Execution,Communication,www.myCNI.com.my,www.OOB
13、EY.com,Brand Positioning,Segmentation,Targeting,Basics,Differentiators,www.myCNI.com.my,www.OOBEY.com,Positioning,“Hope is not a strategy”John Maxwell,www.myCNI.com.my,www.OOBEY.com,Positioning,For who?Segmentation,TargetingYour Offer?Key Differentiator?,www.myCNI.com.my,www.OOBEY.com,Two Types of S
14、egmentation for HRM,Demographic segmentationTalent segmentation,www.myCNI.com.my,www.OOBEY.com,Demographic Segmentation-General,www.myCNI.com.my,www.OOBEY.com,Demographic Segmentation-others,Women,Working MothersYoutube generationWorking retiredSocial ActivistsWork/Life balancersIndustry(ICT,Adverti
15、sing,Engineer,Accounting,Lawyer,etc.),www.myCNI.com.my,www.OOBEY.com,Talent Segmentation,Who is your Talent?,:A Talent for others does not mean a Talent for you,www.myCNI.com.my,www.OOBEY.com,Talent Segmentation,Group I(Talent Pool),Identify,www.myCNI.com.my,www.OOBEY.com,Talent Segmentation,Group I
16、(Talent Pool),Group II(Potential),Group III(Performance),Group IV(Counseling),2,3,4,5,2,3,4,5,PERFORMANCE,POTENTIAL,Identify,www.myCNI.com.my,www.OOBEY.com,Talent Segment Targeting,Unwanted by big MNCsSmall companiesBoring EnvironmentNo Growth/LearningNo MBAPassion,Values,IQ(streetsmart)Appreciate C
17、haosMultitaskPassion to Learn,www.myCNI.com.my,www.OOBEY.com,Talent Sub-segmentation:Premium target,Definition of Premium staffSpecially selected from the TP.They have in addition,the following attributes:High-profile in the field or industryLoyalty provenProven high work-rate and great attitudeUnde
18、niable contribution and effortsHighly looked upon and respected by most staffAbility to multi-task and assist in various areasKey people in CNIs Succession Plans,www.myCNI.com.my,www.OOBEY.com,Talent Sub-segmentation:Specialists target,Definition of Specialist StaffHas competencies(skills&knowledge)
19、in a particular professional field of work.A staff is deemed to be a Specialist when all the following occurs:The particular Competency(Skills or Knowledge or both)is highly required by CNISupply for the competency in the market is low but demand is highThe competency is difficult to learn,transfer
20、and/or duplicate,www.myCNI.com.my,www.OOBEY.com,What needs work?,Current Brand,Importance to Target Segment,High,Low,Weak,Strong,www.myCNI.com.my,www.OOBEY.com,Activity Grid to determine HRM priorities,www.myCNI.com.my,www.OOBEY.com,Basics&Differentiators,Segments,Targets,Targets,Basics,Differentiat
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