Perspective Newsletter


If you would like to receive Perspective - our monthly newsletter – which brings you all of our latest news and views as well as interviews and opinion pieces then please follow the link below...

Read more

HR managers 'should reward risk'

31 July 2013

HR managers should foster innovation in their company by encouraging employees to take risks, according to KPMG.

The organisation has published a report that highlights the need for UK businesses to adopt new ways of operating if they are to succeed in the global race.

It claimed HR can play a key role in this process, as it is well placed to encourage companies to make the cultural changes needed to be more innovative. 

One way of doing this is setting up reward schemes that recognise individuals who contribute new ideas, even if they then go on to fail.

Robert Bolton, the co-leader of KPMG's global HR Centre of Excellence, stated: "[Reward] can be used to reinforce the importance of innovation activity and outcomes." 

He added the role that HR plays in organisational design offers potential for encouraging creativity and new approaches, as it can be used to make the exchange of ideas across different boundaries and functions much smoother.

Mr Bolton claimed that by fostering innovation, HR can be held in the same light as other business-crucial functions like finance and IT.

Odgers Interim are UK leaders in Interim Management solutions for the Commercial Sector. We have offices in London, Birmingham, Leeds, Manchester, Glasgow, Aberdeen and Cardiff as well as over 50 offices globally. We are the only Interim Management providers who are part of a top tier international executive search firm. We work closely with our executive search colleagues to find candidates who can offer short term solutions with long term benefits.

Categories: Commercial, Human Resources


No comments have yet been posted, be the first to comment by using the form below: