As Asia's markets continue to grow, companies are
finding it increasingly difficult not only to attract the best talent, but also
to motivate and retain key employees. As such, leading organizations are
striving to develop innovative and creative new ways to overcome the challenges
they face and ensure a strong talent pipeline for the future.
A seasoned creativity and innovations trainer and
author, Dr. Wayne Lotherington, CEO of Allsorts Habit Creation, will be speaking
at Mercer’s upcoming 16th Annual Asia Pacific HR Roundtable Conference,
delivering an insightful and educational workshop entitled “Innovate or
Capitulate”, during which he will explore how organizations can create an
innovative workplace culture. We spoke to him recently to find out more about
the impact innovation can have on HR practices.
Q. |
In
recent years, we have seen Asia’s leading organizations increasingly
exploring innovative new ways to attract and retain top talent. Is this a
new trend, and if so, why do you think this is
happening?
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A. |
It’s always been difficult to attract great
people, but this issue has intensified as Asia’s economies are growing
faster than anywhere else in the world.
Right now, there’s a shortage of good people, so you
need to find new ways to attract them to your organization. However, good people
are not necessarily attracted by something as simple as a salary, so the most
sensible strategy is to find more interesting ways to attract them. This could
include things such as stock options, more time off, learning and training
programs, or the chance to work in other countries or try different roles.
These are the types of rewards and opportunities that companies are using to
attract good people. |
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Q. |
Does employee behavior differ in terms of career advancement
between developed and developing markets?
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A. |
In developing markets such as China or India, an employee will leave an
organization after just six months if they are offered more money. People
tend to be more opportunistic, and I think that’s due in large to the fast
pace of growth those markets are experiencing.
In more developed markets such as Singapore, Japan and
Hong Kong, people are less inclined to make a drastic change for the sake of a
few dollars. They have a bigger picture in mind and personal growth and
development is probably more important to them. |
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Q. |
What do you think is the one attraction and retention
strategy that HR managers should evaluate most carefully before
implementing?
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A. |
Right now, we are living in a part of the world where people are
promoted too quickly; so many organizations have people in influential
roles who don’t have the necessary capabilities to do their job. In some
cases, employees are filling roles that are up to three levels higher than
they are actually qualified for.
Rapid economic growth has made it difficult to retain
high caliber employees, and as a result, some companies offer people new and
inflated titles in order to get them to stay. These people end up in a position
where they can't really contribute to the organization at the level they should
and everybody suffers in the long run. |
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Q. |
What advice can you give to organizations as they attempt to
overcome these challenges?
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A. |
It's becoming increasingly difficult to attract employees in Asia. If I
was an HR manager, obviously I would think about how I could do that in
more creative ways, and how I could make remuneration packages more
attractive, but I would also look for unique ways of finding the right
people.
One option could be to help university students with
their studies, which would expose them to the company earlier so they would
already know who we are and want to work with us when they graduate. Other
options include looking outside of geographical boundaries, advertising in
unlikely places, or maybe even looking for people with a slightly different
skill set.
Part of creativity is finding unusual alternatives,
which enables us to make more interesting choices. The world is changing, and we
need to change with it. But that’s just finding the right people. There are a
whole host of other areas in which we could develop a more creative approach.
What about your interview technique? What about building your employer brand?
Companies need to remember that it’s more
likely you are selling your company to candidates rather than the other way round
and adjust their approach accordingly. |
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Q. |
Your workshop title at the 16th Annual Asia Pacific HR
Roundtable Conference is entitled “Innovate or Capitulate”. What does that
actually mean?
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A. |
In today's highly competitive economic environment, companies must be
creative and innovative if they are going to be successful. I hope people
will walk out of my workshop understanding that, and having learned some
ways in which they might be more innovative.
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Q. |
You make a very clear distinction between creativity and
innovation. Why is this and could you tell us a little more about
that?
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A. |
Many people confuse these two words, and some people don’t think that
there is any difference at all. I try to separate them, explaining the
different meanings. I see creativity as idea generation, while innovation
is about putting ideas into practice. The idea generation stage is all
about freedom: freedom of the mind and freedom of expressions. Innovation
is all about deciding which ideas you want to implement and how to make
them work.
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Q. |
Are there any risks associated with thinking outside of the
box? If so, what are they and what should organizations be looking out
for?
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A. |
Box or no box, there are risks associated with everything we do, so perhaps a better
question is what are the risks associated with not thinking outside the
box. However, an essential part of the creative thinking and innovation
process is the evaluation of ideas. Without proper evaluation and due
diligence, it is easy to overlook potential pitfalls.
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Q. |
What role do you feel HR should play in
fostering an innovative corporate culture? |
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A. |
If HR is all about people and creative thinking is about people too, it
sounds to me that there might be a very big role for HR in creative
thinking and innovation. However, developing the right corporate culture
is not easy. Imagine trying to change a person’s personality. That’s no
simple matter. And neither is changing an organization’s personality or
culture. If you are determined to address culture issues in order to
enhance innovation, the effort must be wholehearted and you must be
prepared to invest the time and resources to make the change succeed. The
process will involve thorough analysis and the development of a clear
organizational mission, vision, core values and principles, as well as a
cultural plan.
Having said that, an organization’s culture does
influence how its people manage their staff, make decisions and beat out the
competition, and having a positive culture of innovation will encourage their
employees to generate creative new ideas and be innovative. |
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To learn how Dr. Lotherington can help your
organization employ innovative strategies to attract, motivate and retain
the best talent, register for Mercer’s 16th Annual
Asia Pacific Roundtable Conference, which will be held at the
Sheraton Hong Kong Hotel & Towers on 15-17 October 2007 in Hong Kong.
To register please visit our official website.
Places at the conference are limited, so please register early to avoid disappointment.
Alternatively, for more information please email
us at aphrroundtable@mercer.com or
contact your nearest Mercer consultant on the following numbers:
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