SBF- Hay Group "Building World-Class Human Capital" Seminar
Various human capital related strategies to unleash the potential of the workforce and the organization were unveiled at the above-captioned seminar co-organised by Singapore Business Federation and Hay Group on 18 January 2011 to help Singapore companies to adopt best HR practices.
In his welcome address to some 90 participants comprising business leaders and HR practitioners, Mr Victor Tay, Chief Operating Officer of SBF said "Over the course of the next decade, there will be increasing cross-border movements of people and organisations in search of optimum business environments as well as mergers and acquisitions which will inevitably impact your business and your human resources management. To remain competitive, companies should place more emphasis on people strategies to keep abreast of unending human capital related challenges."
Sharing similar sentiments, Mr Angel Blanco, Regional Director, Building Effective Organisations, Hay Group said, "There is no short-cut to success - making your human capital world-class requires that you first deal with four key areas: management structure & governance, people & competencies, performance for growth, and engagement/climate/branding. By doing these well, you will bridge the gap between your company's global aspirations and the actual outcomes. Whether you're a small company with global aspirations or an established company seeking a new stage of growth, the same principles apply."
Other speakers included:
- Mr Liew Meow Koon, Director, Human Resource of ITOCHU Corporation shared insights on ITOCHU Leadership Model and corporate philosophy that are aligned to driving the organisation's aspiration to grow global;
- Mr Andreas Raharso, Dean, Global BEO R&D Centre, Hay Group who briefed participants on the significance of Corporate Centre Model and the assessment of its configuration to generate strategic growth.
Mr Raharso said, "The Corporate Centre Model is as relevant to SMEs as it is to global companies. There are areas of the company where the top management can add tremendous value. The key question is how the right balance of centralization and intervention is achieved. The optimal balance will vary according to the market and products which the company is targeting to develop. Business leaders owe it to themselves to think this through, as this will have a profound impact on the company's ability to grow sustainably and be successful globally."
The seminar outlined the series of thematic workshops that will be organized throughout the year, namely Structuring the Corporate Centre Model for Growth, Building a Globally Competitive Team, Rewarding for High-Performance Growth and Growing the Family-owned Business.
SBF Mentorship Programme Luncheon
The seminar was complemented by a "Meet-the-SBF Mentors" Luncheon hosted by SBF Chairman Mr Tony Chew, at which 25 SME business leaders networked with successful business mentors from the SBF Mentors Club. Mentors who attended the networking luncheon included Mr Ernest Wong, Chairman and Director of the Board of Invida Pharmaceutical Holdings Pte Ltd, Mr Joachim Ihrcke, Managing Director of Droege & Comp. Singapore Pte Ltd, Mr Kuah Kok Kim, Executive Chairman of MTQ Corporation Limited, Mr Vijay Iyengar, Managing Director of Agrocorp International Pte Ltd and Mr Quek Keng Liang, Chairman of Singapore Logistics Association. The SBF Mentorship Programme offers a robust platform for good growth companies to receive valuable professional guidance to grow their businesses effectively.
For more information on the SBF Mentorship Programme and the SBF-
Hay Group
Human Capital Series, please contact
Linda Christina/ David Setiawan
Capacity Building
Singapore Business Federation
Email: mentorship@sbf.org.sg
Tel: 6827 6893/ 6827 6835
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