Employee compensation typically consumes 40 to 70 percent of operating costs for Canadian employers. For most firms, compensation is their single largest operating expenditure. Last year, according to Statistics Canada, employers in Canada spent nearly a trillion dollars on wages, salaries, and benefits – imagine a stack of $100 bills more than 1,100 kilometers high!
Month: April 2015
The literature on change management contains a lot of advice about formulating a change idea and planning it at a high level but much less on how to implement the idea once it has been created. For example, although strategy implementation is viewed as an integral part of the strategic management process, little has been written or researched on it. Likewise, in the public sector there is a great deal of advice on how to formulate public policy, and many academic courses teach this.
Do you encourage collaboration between departments? Are you ready for a changing demographic in your workforce? Do you know how technology will change your organization in the future? The world of work is shifting. Centralized systems and hierarchies are giving way to more fluid environments. With innovation, not efficiency, as the aim, success comes from harnessing and connecting talent and knowledge through technology.
Two groups are crucial to any change project: planners and implementers. The planners, typically more senior than the implementers, must answer some important questions before they hand over the initiative for implementation. When these questions are not dealt with adequately, the initiative can get off to a shaky start. In this paper, I will give you those key questions and also advice for overcoming what I call the "iron curtain between planning and implementation."