1.Recruiting and Onboarding
Logically, companies need to design their recruiting and onboarding process in such a way that ensures the best talent is hired and is productive as soon as possible. This means creating clear job descriptions, compliant compensation, setting recruitment KPIs, designing efficient compliant processes, ensuring effective onboarding plans are in place, ensuring diversity of talent, ensuring compliant employment documents, etc.
2.Workforce Development
Companies need to provide employees with an equal opportunity for growth by offering appropriate tools, training sessions, and mentoring programs so employees can constantly improve and develop their skills.
3.Performance Management
Companies should have at a minimum an effective Performance Improvement Program. But should avoid implementation of traditional performance review process and utilization of rigid, robotic feedback culture, instead should design a more human-centric performance approach that resonates with a unique company culture mix.
4.Retention
Companies must strive to offer appealing benefits & work practices such as flexible working hours, remote work & travel options, compensation equity, retention bonuses, enabling fun at work, designing meaningful- competent-realistic OKRs, etc…
5.Employee Wellbeing
To be sure of an engaged workforce and compliant business companies should also implement strategies aimed at taking care of their employee’s well-being such as work-life balance policies, sick days and family care PTO, health & safety measures both onsite (if applicable) and online.
6.Ethics & Compliance Education
Companies should also strive towards providing their staff with up-to-date ethical training modules related to topics like information security & data protection, workplace harassment, discrimination laws & codes, whistleblowers, business etiquette & antibribery rules, disciplinary policies, so that all staff – share a common respect for basic standards, compliance requirements & ethics regularly. This ensures that organizations yield beneficial outcomes derived from ethical imperatives.
