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Why New People Partnership?
New People Partnership is the full
implementation of the new realities that exist between the corporation and
its employees. While we talk about how fast the
business environment has changed,
probably no dimension is changing faster than the dynamics between employer
and employee. In
today's volatile times, companies can
no longer guarantee lifetime job security. "Specialized skills are
increasingly required by firms, yet these skills are what make employees
more mobile in the marketplace."
For instance, in the 40's people
held on average 2 jobs during their entire lifetimes. But today, that number
has risen to 14 and still growing.2
Thus, the New People Partnership that
establishes a new quid pro quo.
Harnessing the People Power
Today,
people are your firm's most precious and underutilized resource. They
are your firm's repository of
knowledge and they are central to
your company's
competitive advantage.
Well educated,
coached,
and highly
motivated
people are critical to the development and execution of strategies,
especially in today's
faster-paced, more perplexing world, where top management alone can no
longer assure your firm's competitiveness.
Establishing a New
Environment
At all levels, your company needs people who
can deliver at the frontier of performance. They must understand where your
company is going and be able to influence this path. They must share in your
company's fortunes and be motivated to push for greater achievements. "New
People Partnership" will help you attract this vital resource. Recognizing
that lifetime employment is no longer feasible, this "partnership" involves
a mutual commitment to establishing the environment for learning,
self-leadership, and for ongoing employability. In essence, the New People
Partnership is a fresh perspective that dictates that the company owns the
work rather than the employee's career.
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Key Principles
A successful people partnership is a coherent
set of people systems and processes that reflect the
business environment, the
enterprise strategy,
and
organizational values. Each one will be unique to an organization and
its employees, but there are some key principles
that are common to all the companies that are exploring the New People
Partnerships.
Sam Walton's
10 Rules for Building a Successful Business
Rule 2: Share your profits with all your associates, and
treat them as partners.
In turn, they will treat you as a partner, and together you will all
perform beyond your wildest expectations. Remain a corporation and
retain control if you like, but behave as a servant leader in your
partnership. Encourage your associates to hold a stake in the
company. Offer discounted stock, and grant them stock for their
retirement. It's the single best thing we ever did...
More
Case
in Point
Dell
Computer Corporation
"The best way I know to establish and maintain a healthy,
competitive culture is to partner with your people – through shared
objectives and a common strategy," writes
Michael Dell3, the Founder of
Dell Computer Corporation. "Connecting with the outside world
keeps you aware. Connecting with your people – your most valuable asset – is
the way to keep your business and your people healthy and strong."
"Once a reporter asked me which of our competitors represented the biggest
threat to Dell. I said the greatest threat to Dell wouldn't come from a
competitor. It would come from our people. It hasn't been easy, trying to
maintain the
entrepreneurial spirit that has characterized Dell as our company has
grown bigger (in terms of headcount) and more complicated (by way of
infrastructure). Nor has it been easy to
maintain the energy of a focused
team, as we expanded around the
world. But my goal has always been to make sure that everyone at Dell feels
they are a part of something great – something special – perhaps something
even greater than themselves."...
More
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Synergistic Organization
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Inspiring Corporate
Culture
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Inspired
Team
►
New Management Model
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25 Lessons from Jack Welch
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