Project Done for a Gaming Company Client
X, a dynamic gaming company, has established a strong footprint in various Southeast Asian and South American countries, including Thailand, the Philippines, Cambodia, and Brazil. With a workforce exceeding 200 employees, the company extends its influence across additional regions such as Singapore and Malaysia. Diversified into key departments like customer service, operations, finance, and Human Resources (HR), X faces the overarching strategic challenge of hyper-growth. This growth trajectory amplifies human capital issues, primarily revolving around recruitment, retention, and the absence of robust HR infrastructures. Navigating this period of expansion demands strategic workforce planning and the implementation of effective HR solutions. As X continues to evolve, addressing these challenges will be pivotal in sustaining its momentum and ensuring a cohesive organizational structure across its diverse geographical presence. The company's commitment to overcoming these hurdles will undoubtedly shape its success in the competitive gaming industry on a global scale.
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As a consultant, the project objective is to conduct a comprehensive review and enhancement of its Compensation & Benefits policies, ensuring competitive and equitable rewards for employees. Simultaneously, it seeks to refine Talent Management Policies to optimize recruitment, retention, and employee development, aligning them with organizational goals for sustained growth and success.
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Analysis Approach
Our initial step involved a thorough examination of the existing policies, delving into each element of Compensation & Benefits and Talent Management. To ensure a comprehensive understanding, we conducted extensive interviews with key stakeholders across various departments, seeking insights from employees at different levels to capture diverse perspectives.
Employing a mix of quantitative data analysis and qualitative methods, we gathered data on employee satisfaction, turnover rates, and the effectiveness of existing talent management strategies. This multifaceted approach allowed us to identify areas of strength and weakness within the current policies. Simultaneously, we conducted benchmarking against industry standards, analyzing best practices to ensure that the proposed policies would not only align with X's objectives but also position the company competitively within the gaming industry.
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By incorporating a forward-looking perspective, we anticipated future industry trends and potential challenges. This foresight was essential for crafting policies that could adapt to evolving market conditions, making X resilient in the face of uncertainties. This comprehensive approach, integrating both internal and external perspectives, laid the groundwork for strategic policy recommendations that not only addressed immediate needs but also anticipated and prepared X for the challenges and opportunities that lay ahead in the dynamic gaming industry.
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Deliverables / Implementation
1. Conducted a Comprehensive Organizational Structure Review: Undertook an exhaustive evaluation of the existing organizational structure, meticulously analyzing roles, responsibilities, and reporting lines. This review aimed at aligning the company for long-term sustainability, precisely identifying current and future talent requirements essential for meeting strategic objectives. The comprehensive nature of the analysis considered both macro and micro organizational dynamics, ensuring a holistic perspective on talent needs.
2. Established a Roadmap for Succession Planning and Career Development: Developed a robust succession planning and career development roadmap, outlining a strategic framework to nurture and advance internal talent. This initiative showcased a profound commitment to individual development plans, emphasizing a tailored approach to each employee's growth. The roadmap not only identified potential successors for key roles but also incorporated personalized career development trajectories, aligning individual aspirations with organizational goals.
3. Led the Talent Acquisition Team: Guided the talent acquisition team with a hands-on approach, providing expertise in recruitment strategies. This leadership role involved aligning recruitment practices with strategic business planning, ensuring that the talent acquisition process not only met immediate staffing needs but also contributed to the long-term organizational vision. Emphasis was placed on attracting, selecting, and onboarding candidates who align with the company's values and future objectives.
4. Developed Leave Policy: Crafted a comprehensive Leave Policy, outlining the process, timelines for application, and eligibility criteria. This policy not only clarified procedural aspects but also ensured transparency regarding the approving authority. By delineating roles and responsibilities, the policy aimed to streamline the leave application process, providing clarity to employees while promoting consistency and fairness across the organization.
5. Developed Retention Bonus Policy: Formulated a detailed Retention Bonus Policy, specifying timelines for payout, eligibility criteria, and the approving authority. This policy aimed at retaining key talent, aligning their interests with organizational goals. The transparent structure provided a clear framework for recognizing and rewarding employees' commitment, thus contributing to enhanced employee satisfaction and reduced turnover.
6. Conducted Salary Review Benchmarking Exercise: Executed a thorough salary review benchmarking exercise, comparing the organization's compensation structures with industry standards. This data-driven approach ensured that the company's remuneration packages remained competitive, attracting and retaining top-tier talent. The exercise considered market trends, regional variations, and skill-specific benchmarks, contributing to a fair and equitable salary structure.
7. Streamlined Cross-Boundary Transport Benefits: Optimized various cross-boundary transport benefits, including air travel allowance and air ticket claims. This streamlining effort aimed at enhancing the clarity and efficiency of processes related to employee travel. The initiative not only simplified administrative procedures but also ensured that employees received fair and consistent benefits across geographical boundaries.
8. Streamlined Relocation Benefits: Enhanced efficiency by streamlining relocation benefits, including accommodation allowances. This initiative sought to simplify and standardize processes associated with employee relocation, fostering a seamless experience for employees while ensuring compliance with company policies and legal requirements.
9. Streamlined Medical Benefits Across Countries: Consolidated and streamlined medical benefits across countries, ensuring a cohesive and uniform approach to healthcare coverage for employees. This initiative aimed at providing consistent and comprehensive medical support, addressing the diverse healthcare needs of employees working in different regions. The streamlining effort contributed to greater clarity, efficiency, and equity in the provision of medical benefits.
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Project Impact
The implemented initiatives, comprising a holistic review of organizational facets, leave and retention policies, talent acquisition strategies, and comprehensive benefits streamlining, have collectively forged a transformative impact on the company's human capital landscape. These strategic interventions reflect a nuanced understanding of organizational dynamics and a commitment to fostering sustained growth and employee well-being.
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Beginning with the organizational structure review, the company underwent a paradigm shift towards long-term sustainability. The talent requirements were intricately aligned with strategic objectives, ensuring that the organizational framework is agile and adaptive to evolving needs. This foundational review laid the groundwork for subsequent initiatives, setting the stage for a talent-centric approach to organizational development.
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The establishment of a succession planning and career development roadmap demonstrated a commitment to nurturing internal talent. This initiative not only identified potential leaders for key positions but also personalized career trajectories, aligning individual growth with organizational goals. The impact was evident in heightened employee morale, increased loyalty, and a dynamic workforce ready to take on future leadership roles.
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Leading the talent acquisition team with a strategic mindset resulted in a recruitment process that goes beyond immediate staffing needs. The alignment with strategic business planning ensures that new hires are not only skilled but also culturally aligned with the company's vision. The impact reverberates in the form of a diverse, high-performing workforce that contributes significantly to the company's overarching objectives.
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The development of comprehensive leave and retention bonus policies brought about transparency and fairness in HR processes. The Leave Policy streamlined the application process, designating clear authorities and criteria, enhancing overall efficiency. Simultaneously, the Retention Bonus Policy provided a structured framework for recognizing and rewarding employee commitment, leading to increased job satisfaction and a notable reduction in turnover rates.
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Conducting a salary review benchmarking exercise resulted in a remuneration structure that is not only competitive but also reflective of industry standards. This has positioned the company as an attractive employer, aiding in talent attraction and retention. The exercise ensures that employees are remunerated fairly, contributing to a positive organizational culture and employee satisfaction.
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Efforts to streamline various benefits, including cross-boundary transport, relocation, and medical benefits, have significantly improved the employee experience. These initiatives simplify administrative procedures, ensuring consistency and fairness in benefit distribution across regions. The impact is reflected in increased employee satisfaction, streamlined processes, and a strengthened employer-employee relationship.
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In summary, these strategic initiatives have collectively redefined the company's approach to human capital management. The impact spans across recruitment, employee development, retention, and overall well-being. The organization now stands as a beacon of best practices in talent management, fostering a workplace culture characterized by transparency, fairness, and a commitment to the continuous growth and development of its most valuable asset – its people.