Business & Economics Books:

Maximizing Human Capital in Asia

From the Inside Out
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Description

Organizations do not fully appreciate the link between people and business. They are too driven by short-term financial pressures, resulting in the failure to acknowledge the relationship between leadership, people management processes and business growth. Last but not least, employees? true needs are also not satisfied. What is the solution? As "growth" is the objective of all parties, HR must build an employee value proposition that would achieve this. This value proposition has to premise itself on satisfying employees? needs that will result in highly engaged employees, who in turn will deliver high-quality products and services, bringing about happy customers. This interactive process will maximize the human capital and business growth through a strong employer and product brand. In particular, to be successful in Asia, it is important to synergize East with West in all decision making. Three approaches are recommended: Global for Local, Local for Local and Local for Global. The first is having a mindset of a global framework allowing for local customization when necessary. The second is encouraging local for local initiatives to capitalize on local advantages. The third is sharing best experiences and strengths for global benefit. In the case of talent management, organizations should strongly encourage diversity and inclusion, to take advantage of the strengths of the talents that come from different cultures?to maximize the company's human capital, from the inside out. This is a unique opportunity and should not be missed.

Author Biography

Every business is a people business Throughout her career, Elizabeth Martin-Chua has advocated building an employee value proposition that comprises of good leadership, a clear corporate culture and four pillars: talent acquisition, people and talent development, performance management and reward management, complete with performance indicators to ensure results. Elizabeth joined Philips Electronics Singapore in 1971, and worked through the ranks of human resources (HR) management. In 1993, in addition to her Singapore role, she assumed the global human resource management responsibilities of the company?s audio business. She was also the founder of Philips Asian Talent Pool and its Diversity and Inclusion Champion for Asia. In 2006, Elizabeth relocated to Shanghai and was appointed Philips' Senior Vice President (HR) for Greater China. In the subsequent year, she also took on the HR coordination role for Asia. In the field of human resources, Elizabeth's primary interest is to help an organization "grow talent" and reduce human capital wastage by utilizing its human capital as a competitive advantage. In this respect, she firmly believes that businesses grow when people grow and advocates people development, talent management, leadership competencies, employee engagement and succession planning. Elizabeth was named best HR director in Singapore in 2005 and won the Robert Walters Award. In 2006, Philips Electronics Singapore was named the Best HR Team and Elizabeth was presented the Convergys Award for Outstanding Contributions to HR in 2007. These accolades were organized by HRM Singapore. Elizabeth was conferred a PhD in Management from the University of Southern Australia in 2002.
Release date Australia
August 28th, 2009
Audience
  • Professional & Vocational
Country of Publication
United Kingdom
Imprint
John Wiley & Sons Ltd
Pages
226
Publisher
John Wiley and Sons Ltd
Dimensions
152x226x12
ISBN-13
9780470824795
Product ID
3404205

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