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Sovereign Wealth Funds |
In a recent study, Af identified 8 major SWFs within the MENA neighborhood, we also noticed that there is a strong competition for resources and opportunities. We partner with teams of consultants who can leverage Af’s workforce development tools to enhance a SWF’s structure and governance by enhancing workforce engineering. Af’s assessment platforms can be used to support a SWF’s People & Change internally (with the SWF) as well as at the portfolio level. Consider an example at the portfolio level,where during the due diligence process, a portfolio manager’s decision making can be enhanced by producing a talent map that highlights the skills present within the ecosystem. This will help the SWF to align its expectation on the ecosystem’s current productivity levels, which can then give way to a conversation on which skills to cultivate internally, and which skills to import. An effective workforce engineering strategy can continue to promote good governance during the post-investment era as well. Consider another example where a robust workforce evaluation and appraisal framework is custom built to allow key stakeholders to monitor, measure, and improve the skill set present in the ecosystem. Af’s skill monitoring system can alert decision makers, and the appropriate training interventions can be introduced early on the project delivery cycle. A skill monitoring system can also be successful in introducing a ‘skill-up’ culture, where the workforce is constantly encouraged to improve their skills. AF’s assessment platforms, which can be access through mobile devices, can be linked to 3rd party training providers such as SkillSoft, BlueDrop and others. If a worker scores low on an assessment, the worker is provided instant access to training programs. Such a training model can prove more effective than classroom training. A well thought out workforce engineering strategy will also promote greater transparency on the workforce recruitment process, and how individuals and teams are able to deliver on their KPIs. Stronger skill management results into stronger risk management at both the fund and the portfolio level. |
In a recent study, Af identified 8 major SWFs within the MENA neighborhood, we also noticed that there is a strong competition for resources and opportunities. We partner with teams of consultants who can leverage Af’s workforce development tools to enhance a SWF’s structure and governance by enhancing workforce engineering. Af’s assessment platforms can be used to support a SWF’s People & Change internally (with the SWF) as well as at the portfolio level. Consider an example at the portfolio level,where during the due diligence process, a portfolio manager’s decision making can be enhanced by producing a talent map that highlights the skills present within the ecosystem. This will help the SWF to align its expectation on the ecosystem’s current productivity levels, which can then give way to a conversation on which skills to cultivate internally, and which skills to import. An effective workforce engineering strategy can continue to promote good governance during the post-investment era as well. Consider another example where a robust workforce evaluation and appraisal framework is custom built to allow key stakeholders to monitor, measure, and improve the skill set present in the ecosystem. Af’s skill monitoring system can alert decision makers, and the appropriate training interventions can be introduced early on the project delivery cycle. A skill monitoring system can also be successful in introducing a ‘skill-up’ culture, where the workforce is constantly encouraged to improve their skills. AF’s assessment platforms, which can be access through mobile devices, can be linked to 3rd party training providers such as SkillSoft, BlueDrop and others. If a worker scores low on an assessment, the worker is provided instant access to training programs. Such a training model can prove more effective than classroom training. A well thought out workforce engineering strategy will also promote greater transparency on the workforce recruitment process, and how individuals and teams are able to deliver on their KPIs. Stronger skill management results into stronger risk management at both the fund and the portfolio level. |
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