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New People Partnership New Company-Employee Relationship for the New Knowledge Economy |
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Source: "The Centerless Corporation", Bruce A.Pasternack and Albert. J. Viscio. Executive summary by Vadim Kotelnikov
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"Treat employees like partners, and they act like partners." – Fred Allen |
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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 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.
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.
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. 10 Roles of an Inspirational Leader
7 Principles of Toyota Production System (TPS)
Best Practices Colin Powell's 18 Leadership Principles Organization doesn't really accomplish anything. Plans don't accomplish anything, either. Theories of management don't much matter. Endeavors succeed or fail because of the people involved. Only by attracting the best people will you accomplish great deeds... More Case in Point General Electric Some years ago, in locations throughout GE, local managers were operating in an insulated environment with Chinese walls separating them, both horizontally and vertically, from other departments and their workforce. Employee questions, initiatives, and feedback were discouraged. In the new knowledge-driven economy, Jack Welch, CEO, General Electric, "viewed this as anathema. He believed in creating an open collaborative workplace where everyone's opinion was welcome."3 He wrote in a letter to shareholders: "If you want to get the benefit of everything employees have, you've got to free them - make everybody a participant. Everybody has to know everything, so they can make the right decisions by themselves." |
The Tao of Employee Empowerment
Bibliography:
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"The Centerless Corporation", Bruce A.Pasternack and Albert. J. Viscio.
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"The 10 Commandments of Power Positioning", Michael Fortin
