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Social Capital in The Workplace

On the soft side of things, talent management within the workplace is important because diverse, mutually respectful, happy teams with shared values perform best. ref: Carol Long, Three Triangles Performance Ltd. This is beneficial for organisations at an individual level, but there is also an economic imperative for effective talent management. I recently read that Brazil now claims to be the fifth largest economy in the world. France is also a threat to Britain’s position. This means that Britain is now moving backwards and is potential ‘just’ the seventh largest economy in the world. Even if Britain has still managed to maintain its position at the moment, where will Britain be positioned in 10 years time if we do not become more strategic in our actions and approach to the management and utilisation of talent?

I believe that we are still in a privileged position where people look up to us and want to work with us or do business with us. There is therefore a need for businesses to create and implement strategies that ensure the effective and efficient development and engagement of the local and global talent offered by all within communities.

At a basic level there is a need for a clear, strategic understanding of where British industry plans to go within the next 5, 10 and even 20 years. Individual businesses both large and small need to have an understanding of where they fit within that plan and what their subsequent strategy to deliver and achieve results is. When we talk about strategy, more often than not, we tend to focus on the operational and financial elements of the business but we tend to play little attention to the people side of things until there is a more immediate need.

I think the shape of the economy and global talent market that is developing means that this must now change and we must start thinking about people management – or to be more specific skills – from a more strategic perspective.

I always advocate for a skills or competency framework approach which highlights both the immediate and future resource requirements of an organisation from a skills basis.

It means that industry can broadcast skills requirements such that the education system is best positioned to prepare individuals with the flexibility to meet actual and potential needs and professions that currently don’t exist but which may exist in the not too distant future. It also enables government to have a more strategic, pragmatic view on immigration so that it is aligned to the country’s needs rather than simply pandering to those who are simply and plainly against immigration with a big full stop. It also enables better planning for jobs that may be best outsourced, with the enablement of processes to prepare and redeploy individuals who will otherwise be rendered redundant by such structural changes.

I believe a skills/competency framework also better enables open engagement with the wider community. Where it is clear to people what the competency requirements to work at different levels within an organisation are, it is more difficult for them to claim that they did not get a job because they were discriminated against for one reason or the other. It also better enables people from within the different British communities to mentor and support people from within their own communities to enable them to develop the skills required to obtain jobs at different levels. In fact, I was impressed to go into a McDonald’s store recently and pick up a little booklet with the basic framework of the different roles within the organisation and requirements to work at each level.

As we are now what is popularly described as a ‘global village’, I believe Britain, with its vast diversity has an advantage as it should be able to use that diversity to effectively interact with and understand different cultures around the world. I believe that British organisations should be mindful of this and look to use this to their advantage.

This, however, will only work if workers also do their part. I believe there are currently too many organisations, especially in retail, where the workforce is highly multicultural but highly segregated. I specifically remember doing some work in one such organisation. I went to their canteen at lunchtime and found that a large proportion of employees sat together with people from the same background as themselves, often speaking in their own language. As highlighted with a recent case involving McDonald’s, you can’t legislate against this, but I don’t believe it is very constructive and would venture to say that it is a poor reflection of multiculturalism where the gains are minimal.

Copyright 2012. This document is the specific intellectual property of Susan Popoola. Content may not be reused or reproduced without the specific permission of the owner or a reference to the source.

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