Few topics have captivated talent management discussions more intensely than potential. The obsession with predicting who may be a future star or the next top leader has influenced academic research and human resources practices alike. But how good are we at evaluating human potential? The answer is, it’s mixed. On the one hand, science has given us robust tools and powerful theories to quantify the key indicators of future career success, job performance, and leadership effectiveness. On the other hand, in the real world of work, organizational practices lag behind, with 40% of designated “HiPos” — high-potential employees — not doing well in the future and at least one in two leaders disappointing, derailing, or failing to drive high levels of engagement and team performance. The main reason underlying this bleak state of affairs is that HiPo nominations are contaminated by organizational politics. To be more precise, there are six dynamics that prevent organizations from identifying, promoting, and developing the right people for leadership roles. https://goo.gl/PzY5x4 #GlobalHR #HRTech
Florida’s Minimum Wage Rises in January
As of Jan. 1, 2018, Florida’s minimum wage will be $8.25 per hour, which is approximately a two percent increase and is due to the change in the Consumer Price Index. https://goo.gl/gBVjDg #GlobalHR #HRTech
For 2018, 401(k) Contribution Limit for Employees Rises to $18,500
Employee 401(k) contributions for 2018 will top off at $18,500—a $500 increase from 2017—while the “all sources” maximum contribution (employer and employee combined) rises to $55,000, up $1,000, the IRS announced. HR and payroll managers should plan to adjust their systems for the new year and to inform employees about the new limits in year-end open enrollment materials. https://goo.gl/Lov3En #GlobalHR #HRTech
