Human Resource Management in 2017
“One of the key success factors of high performing organisations is putting their people first.” – Deloitte Should we do away with HR? This is a highly controversial statement that companies and consultants have been debating about over the past few years. Much as over years, roles of HR has evolved (refers to article on “Challenges of Traditional Human Resource Management“), HR management often remains ineffective, incompetent and costly. The uncertainty in global politics and the incessant business risks have implied that HR is in fact more necessary than ever. One of the first step towards implementing an effective HR strategy…
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How Damaging Is A Cyber Breach To An Organisation?
“Four biggest challenges the tech industry faces in coming years are security, security, security and security.” – Pierre Nanterme, CEO, Accenture Cyber attacks and data breaches is one of the pressing issues that organisations faced today. Organisations are at risk of IP theft, cyber espionage, data destruction, business disruption, etc. According to Lloyd[1], it was estimated that cyber attacks cost businesses as much as $400 billion a year due to business disruption and fixing damages by the attacks. Here are four case studies of companies that had fall victims to cyber attacks. 1. Target, 2013 In 2013, Thanksgiving is not…
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Challenges Of Traditional Human Resource Management
“Change is the only constant in life” – Heraclitus, Greek Philosopher Businesses are constantly adapting to volatility and uncertainty as a way of life. The ever evolving market conditions and threats have challenged organisations, big or small, forcing them to go beyond their limits to find growth and to stay competitive – improving operational effectiveness, expanding into new markets, etc. This has a direct impact on the Human Resource Management of an organisation. Today, global workforce diverge in age, gender, education and culture, and human resource strategies need to draw on these differences and successfully incorporate them into the organisation…
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Undermining Cyber Attack In Workplace
“Every minute, we are seeing about half a million attack attempts that are happening in cyber space” – Derek Manky, Fortinet Global Security Strategist Cyber attacks have proven to be a medium for hackers and state-sponsored organisations seeking to level the playing field with competitors. While the digital age has brought about numerous benefits and conveniences to organisations in terms of operations and processes, it also exposed them to the threat of fraud or intellectual property theft. Cyber threats have piled a hefty cost of US $5 trillion annually, and a good 90-95% of them begins with a phishing email.…
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Defining Leadership in Workplace
“Effective leadership is not about making speeches or being liked; leadership is defined by results not attributes” – Peter Drucker Leadership is more than a specific position or job title in an organisation. A true leader needs to have a strong sense of self, know what are the qualities to spread positive influence to other people, and are flexible with the qualities they possess. Leadership ≠ Management Often, people equate leadership to managers, but unfortunately, that is not usually the case. It is required for managers to be goal-oriented, ensuring that they have the most effective and efficient processes to…
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What Is The Impact Of Globalisation On Business Landscape?
“Globalisation is the process by which the world is becoming increasingly interconnected as a resultof massively increased trade and cultural exchange.” – BBC in GSCE Bitesize Globalisation has stemmed all the way from the first Industrial Revolution back in 1700s, with the introduction of steam engines. Although globalisation has been around for centuries, it has sped up over the last few decades. Generally speaking, globalisation has contributed in the increase in international trade, the ability for a company to diversify its business to other countries, facilitated and ease the movements of capital, goods, information and services, and many more. While globalisation…
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Environmental Sustainability In Oil & Gas Industry
“Sustainability is based on a simple principle: Everything that we need for our survival and well-being depends, either directly or indirectly, on our natural environment.” The issue of environmental sustainability is a major concern for governments and players from oil and gas industry worldwide. The negative impacts as a result of activities carried out by oil and gas companies have been a major toll not only to the livelihood and health of people, but more so to the environment, such as pollution. The risk of environmental pollution is apparent throughout oil and gas activities. Wastewaters, gas emissions, solid waste and…
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Industrial Disasters & How They Are Managed
Oil and gas disasters, also commonly known as industrial disasters are a result of accident, negligence or incompetence of organisations. Organisations incur huge cost from these incidents that are not limited to monetary terms, but casualties and a hit on the environment as well. Here are three examples of infamous industrial disasters that have occurred in history, and the lessons derived from these unfortunate accidents. Chernobyl Nuclear Explosion The Chernobyl accident occurred on April 1986, it was a consequence of flawed reactor design coupling with inexperience and untrained personnel handling operations. Chernobyl was the first nuclear power plant in Soviet Ukraine.…
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6 Tips To Raise Workplace Productivity
An organisation pretty much depends on their workers for survival and sustainability. Efficient and productive workers create a conducive environment which can ensure the running of the organisation. Disengagement of the workers creates dire problems for the organisation such as high turnover, low productivity, bad company culture and your business will suffer. 1 – Carrot & Stick It is important to note that there will always be differing personalities in your organisation. A carrot and stick is a common way to make sure that there is a standard procedures to drive employees’ behaviours and actions. For example, rewarding them with monetary…
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Safety Case Regime in Singapore
“These problem areas could be easily rectified if companies pay sufficient attention. Guardrails and barricades can be installed. Safe and proper stairway with walkway access can be provided. But because they did not do so, the companies had exposed their workers to unnecessary risks.” – Mr Sam Tan, Minister of State for Manpower, Employment and Employability Institute, at Construction Safety and Health Seminar, 2016 Minister Tan pointed out that workplace safety is one of the concerns that the government place emphasis on. The government has attempted a stick approach when it comes to legislating workplace safety, by placing heavy penalties on…
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