Dan_Cardone
Losers make excuses. Winners find solutions.
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I'm currently in a long term consulting contract with a CEO of a medium sized company. One of the big areas he wants to focus on is getting his company culture right and instilling strong transparency and accountability for each and every employee. He wants to facilitate an environment where the real "rockstars" can rise to top and the lesser talent is weeded out and replaced.
One of the ideas I eventually came up with was firing the entire HR department and replacing it with a new Employee Development Department.
Some members of HR were invited to stay and join the new EDD, others were not.
His ultimate goal is to have a "rockstar" in every single seat in every single department of the company.
Every. Single. Seat.
No "B Players" allowed in his company from here on out.
So, what did we agree a "rockstar" is?
We settled on a pretty decent definition: A rockstar is someone who is within the top 5% of the talent pool at the compensation level offered.
Many things in his company has been revamped to make this a reality, one of which is letting go/reassigning of the HR department.
What are the functions of HR?
"The human resources department handles many necessary functions of your business. It is instrumental in providing labor law compliance, record keeping, hiring and training, compensation, relational assistance and help with handling specific performance issues. " - Source: Chron.com
What is the function of the new Employee Development Department? (Side note: I really wanted to call it the Rockstar Development Department...)
Simply Put: "The primary function of the new EDD is to coach top talent through intensive mentoring, reimbursed off site training, and 24/7 access to top performance based therapist."
My client is investing A LOT of money into this new idea. In addition to providing coaching and many paid opportunities for self learning, the following is being implemented:
Thoughts?
One of the ideas I eventually came up with was firing the entire HR department and replacing it with a new Employee Development Department.
Some members of HR were invited to stay and join the new EDD, others were not.
His ultimate goal is to have a "rockstar" in every single seat in every single department of the company.
Every. Single. Seat.
No "B Players" allowed in his company from here on out.
So, what did we agree a "rockstar" is?
We settled on a pretty decent definition: A rockstar is someone who is within the top 5% of the talent pool at the compensation level offered.
Many things in his company has been revamped to make this a reality, one of which is letting go/reassigning of the HR department.
What are the functions of HR?
"The human resources department handles many necessary functions of your business. It is instrumental in providing labor law compliance, record keeping, hiring and training, compensation, relational assistance and help with handling specific performance issues. " - Source: Chron.com
What is the function of the new Employee Development Department? (Side note: I really wanted to call it the Rockstar Development Department...)
Simply Put: "The primary function of the new EDD is to coach top talent through intensive mentoring, reimbursed off site training, and 24/7 access to top performance based therapist."
My client is investing A LOT of money into this new idea. In addition to providing coaching and many paid opportunities for self learning, the following is being implemented:
- Employee compensation will be tied into hitting certain objectives and hitting key metrics.
- The entire interview and hiring process is being completely reworked.
- Implementing a "60 day test drive" period designed to "aggressively" weed out lesser performers.
- Revamping the company culture to be more aligned with values such as: Energetic, Competitive, Fearlessness, and Selflessness.
- Replacing two members of the leadership team with current employees more aligned with the new company vision.
- The marketing and sales team will now be responsible for finding, attracting, and selling Rockstars to come join the company.
- Developing an Employer Value Proposition which outlines the value a prospective employee gets from working at the company.
- Resumes will no longer be accepted and the "Apply Here" button will be removed from the "Careers" page. Interested prospects will be instructed to send a short video instead.
Thoughts?
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