Pharma Veterans

New Insights on Performance Management – Asrar Qureshi’s Blog Post #996 Dear Colleagues! This is Asrar Qureshi’s Blog Post #996 for Pharma Veterans. Pharma Veterans Blogs are published by Asrar Qureshi on its dedicated site https://pharmaveterans.com. Please email to aq.pharmaveterans@gmail.com for publishing your contributions here. Credit: Ahmed Credit: Alena Shekhovtcova Credit: Alwyn Dias Credit: Khris Kunta kUkU This Blogpost is based on a data published by McKinsey recently. Which came out of survey of 1200 employees at various levels in 11 countries across continents. Link at the end. Performance management stands on four pillars: goal setting, performance review, ongoing feedback, and rewards. Performance management systems are therefore, designed along these lines. Many years ago, the MNC I was working for, started MBO – Management By Objectives. We got training on how to make objectives that would be measurable, and how to give weight to them. As years passed by, many organiz...

Employee Disengagement and How to Address it? – Asrar Qureshi’s Blog Post #851 Dear Colleagues!  This is Asrar Qureshi’s Blog Post #851 for Pharma Veterans. Pharma Veterans aims to share knowledge and wisdom from Veterans for the benefit of Community at large. Pharma Veterans Blog is published by Asrar Qureshi on  WordPress, the top blog site. Please email to asrar@asrarqureshi.com for publishing your contributions here. Credit: Ketut Subiyanto Credit: Liza Summer Credit: olia danilevich This article is based on McKinsey research; link given at the end. In the last post, we saw that disengaged employees outnumber engaged employees; 56% vs 44%. We know from experience that in Pakistan, this ratio is even more unfavorable. Let us first look at the disengagement drivers and what can be done with these. It is important to first stop bleeding before starting the treatment.  In the order of occurrence, the research enlists 12 factors which cause financial cost of employee disen...

Focusing Short Term and Expecting Long Term – Asrar Qureshi’s Blog Post #842 Dear Colleagues!  This is Asrar Qureshi’s Blog Post #842 for Pharma Veterans. Pharma Veterans aims to share knowledge and wisdom from Veterans for the benefit of Community at large. Pharma Veterans Blog is published by Asrar Qureshi on  WordPress, the top blog site. Please email to asrar@asrarqureshi.com for publishing your contributions here. Photo Credit: Diva Palavalaguna Photo Credit: RDNE Stock Project Photo Credit: Thirdman James Heskett is UPS Foundation Professor Emeritus at the Harvard Business School. He is a regular contributor to HBS Working Knowledge, and his articles are always deeply thought provoking. Primary thought for this post comes from his August 2023 article titled ‘As Leaders, Why Do We Continue to Reward A, While Hoping for B?’. (Link at the end). His article focuses on corporates, which I shall take up in this post with particular reference to the working in Pharma Industry. ...