Issue 23, May 2007
How to measure the non-measurable?
PwC HR Benchmarking Survey 2006
In current market conditions, chief executives, finance and human resources directors are under increasing pressure to “measure” their human capital. Stakeholders want clear, evidence-based explanations of how people are creating value for their organisation. The PricewaterhouseCoopers (PwC) HR Benchmarking Survey measures the impact of the Human Resources management system on businesses, to indicate performance gaps and to provide top management and shareholders with solid comparative data.
Optimal competency models, comme il faut
Until recently, corporate executives the world over had been primarily concerned with achieving set goals, but did not pay much attention to the means of achieving them or to the behaviour of those involved. Today it is evident that the demand for high-quality products and excellent client service has forced businesses to focus on how work methods can gain a market edge and keep it. What skills of employees will bring success in your company: the ability to delegate or negotiate? What qualities would you like to see in your staff: initiative or the ability to plan and organise work? The answer to these questions lies in the term “competency”, used to describe the skills, abilities, characteristics, knowledge and qualities that provide excellent work performance and are the prerequisites for the success of your business.
Russian Employment Code: what’s new?
On 30 June 2006, the Federal Law was passed “On Amendments to the Russian Employment Code, Recognition of Some Regulatory Legal Acts of the USSR as Ineffective on Russian Federation Territory, and Invalidation of Certain Legal Acts (Provisions of Legal Acts) of the Russian Federation” (hereinafter, the Law). As provided for in Article 3 of the Law, it enters into force 90 days from the date of its official publication. According to clarification issued by the Russian Ministry of Health Care and Social Development in its Letter of 25 July 2006 No.1556-12, this date is 6 October 2006.
