Practices in staffing organizations and developing base

Question

What are the practices in staffing organizations and developing a strong knowledge base of companies?

Answer 1

Intellectual capital is critical in making a strategy-able organization; companies have instituted a number of practices in developing a powerful knowledge base and staffing their organizations:

i. Spending significant effort in screening and evaluating work applicants.

ii. Putting employees through training programs that persist throughout their careers.

ii. Provide promising employees with interesting, challenging, and skills-stretching assignments.

iv. Rotating people through jobs that not only have huge content but also span geographic and functional boundaries.

v. Encouraging employees to be innovative and creative.

vi. Fostering an engaging and stimulating work environment such that employees will consider the organization a great place to work.

vii. Exerting efforts to preserve high-performing,  high-latent employees.

viii. Coaching average performers to enhance their skills while weeding out benchwarmers and underperformers.