This show is part of a 10-episode SAP SuccessFactors radio series that started on January 19 and will continue to air every three weeks on Thursdays at 11 AM PT / 2 PM ET on the VoiceAmerica network Business Channel, SAP Radio Changing the Game with HR. The series will run through August 2017. All shows will be recorded and available for download or live playing via the website. Our last show aired on June 1, 2017, titled: “Health and Wellness: New Call to Action for HR” is available here.
HR talent processes and reward systems have been focused on individual performance for many decades. This mindset is akin to professional sports where teams win yet individual playe performance is rewarded. HR practices – such as recruitment and performance management – tend toward the individual on the payroll, excluding both contingent staff, high performers who contribute to team impacts and teams overall. Yet the most critical business functions are performed has changed. Trends are showing HR work shifting toward supporting teams, including investments in collaboration tools and workplace design – yet cultural, policy and practice changes are slow moving.
When we think of business innovation and high profits, teams rarely come to mind. The face of innovation and success conjure up images of Steve Jobs, Bill Gates, Mark Zuckerberg, Warren Buffet, and Oprah Winfrey. Yet, these high-profile legends did not act alone. In fact, Bill Gates has long been quoted that his fast and sustaining success was not due to his intellect or personal capabilities. Instead, he cited his ability to find the right combination of talent and collective intelligence to lead his company as the key to his success.
Collective intelligence has been talked about for several years now but became mainstream with the onset of social media. Technology has enabled people to work together, even without them knowing it, to inform brands, politicians and other influencers on trends, product and service feedback, and on creating movements. This same technology enables leaders to harness the power of innovation that can only come from the collective intelligence of multiple sources: the workforce, customers, prospects, partners, policy makers, the community in which the company operates, and more. While companies, particularly in the B2C space continue to push the envelope on this topic, most companies struggle to truly cultivate and capture collective intelligence as a norm for talent strategy and operationalization.
The radio show will offer perspectives on how HR can catalyze change and market trends related to creating environments that favor teams as well as individuals. Topics include:
why collective intelligence is the way forward for innovation
how HR and business leaders can start to think about rewards and compensation aimed at teams, not just individuals
what trends are influencing succession planning, promotions, and rewards