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Job Architecture Frameworks Are Critical for More Consistent Job Titling and Organizational Growth, Says McLean & Company

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9 months ago

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Global HR research and advisory firm McLean & Company suggests that without a structured approach, job titles can quickly become confusing and meaningless. This confusion can lead to long-term challenges for internal equity and organizational growth. The firm advises that it is important for organizations and their HR teams to invest resources upfront in creating a solid job architecture framework that supports organizational priorities.

TORONTO, Feb. 15, 2024 /PRNewswire/ – As a challenging labor market and uncertain economic times continue to impact both employers and employees across a wide array of industries, the need for intentional and data-backed approaches to talent acquisition and talent management has never been higher. A job architecture framework is a crucial component of an effective HR strategy and plays an impactful role in job titling, lending itself to supporting internal equity and organizational growth. HR professionals seeking research-informed resources to strengthen their organizations in the unpredictable future of work can access Develop a Job Architecture Framework, an industry blueprint from global HR research and advisory firm McLean & Company.

In the data-backed resource, the firm explains that a defined job architecture framework aligns roles within the organization using job levels and provides the necessary foundation for the organization’s approach to job titling. Job titling refers to the process of assigning a name to a job that conveys the job family or function and the degree of responsibility associated with the specific role. Job titles are determined based on the organization’s job architecture framework, which is achieved through job leveling, the process of systematically applying job level criteria to individual roles.

“A job architecture framework provides foundational support for other HR programs, spanning the development of competency frameworks, career frameworks, base pay structures, as well as learning and development initiatives,” says Amani Gharib, PhD, director of HR Research and Advisory Services at McLean & Company. “Without clearly defined job levels and criteria, internal approaches to job titling, pay grades, and career paths can be subject to bias and favoritism. A clear and defined job architecture framework removes the guesswork, decreases liability, and supports internal equity.”

To help HR leaders develop and communicate a job architecture framework that supports the long-term success of the organization, McLean & Company has divided its blueprint into three easy-to-follow sections. The recommended approach for HR to help drive improvements to an organization’s job architecture is outlined below:

Section one: Prepare 
Identify objectives for creating a job architecture framework, define project roles, create an inventory of current jobs, and identify pain points or challenges with the organization’s current approach to job leveling.

Additional risks of an inconsistent approach to job architecture include job title inflation, pay inequity, and dissention among employees. Preparing to address these challenges requires significant resources and change management.

Section two: Build
Determine job leveling criteria and distinguish job levels, define the right approach to job titling and external job titles, and apply the job leveling criteria. Next, validate and explain the job architecture framework to key players.

Involvement from key players across the organization over the course of the framework’s creation is critical to generate buy-in and mitigate future reactions to changing job titles.

Section three: Execute
Set the job architecture framework’s transparency level, share titling expectations with people leaders, and develop a communication plan before evaluating and sustaining the framework.

Implementing and sustaining a job architecture framework is not a linear process, and every organization will have a unique starting point depending on the programs or practices currently in place. When executing, it is important to remember that a sustainable framework avoids adding job levels on an ad hoc basis and instead focuses on building a structure that can easily scale over time, as it is easier to add job levels than remove them.

McLean & Company advises HR leaders that using title changes to address pay discrepancies instead of making pay adjustments will negatively impact internal diversity, equity, and inclusion (DEI) efforts by perpetuating systemic inequalities.

To access the full blueprint, including the firm’s complementary guide, Use the Job Architecture Framework to Inform HR Programs, please visit Develop a Job Architecture Framework.

To register for upcoming free webinars on a variety of topics or to explore the publicly available archive of recorded sessions, please visit mcleanco.com/videos. Please note that a selection of McLean & Company’s research-based webinars are now offering professional development credits for recertification with SHRM, HRCI, and HRPA. 

Media interested in connecting with McLean & Company analysts for exclusive, research-backed insights and commentary on leadership diversity, DEI, generative AI in HR, HR trends in 2024, the future of work, and more can contact Senior Communications Manager Kelsey King at kking@mcleanco.com. 

About McLean & Company

Through data-driven insights and proven best-practice methodologies, McLean & Company offers comprehensive resources and full-service assessments, action plans, and training to position organizations to meet today’s needs and prepare for the future.

McLean & Company is a division of Info-Tech Research Group.

Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm’s Media Insiders program. To gain access, contact kking@mcleanco.com.

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SOURCE McLean & Company

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CCTV+: From Silk Road Gateway to Global Innovation Hub: Xi’an Advances Industrial Upgrades and International Cooperation

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3 hours ago

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November 2, 2024

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XI’AN, China, Nov. 2, 2024 /PRNewswire/ — Xi’an, an ancient capital and starting point of the Silk Road, is growing rapidly into a cosmopolis of technological innovation, industrial transformation and international cooperation. The city is becoming a global hub for innovation and economic cooperation and a destination that converges historical heritage with modern creativity. By leveraging initiatives in New Quality Productivity, the Internet of Things, high-tech industries, culture, and international business services, Xi’an showcases its dynamic blend of past and future.

Industrial Development: Technology and Innovation Drive Emerging Industry Clusters

Aiming to establish itself as an international hub with rapid scientific and technological innovation, Xi’an is now building a comprehensive national science center and a center for science and technology innovation.

The Silk Road Technology City is now home to more than 4,000 companies and has fostered two major industry clusters, in optoelectronics and automobiles, each worth tens of billions. Leading industry giants like BYD and Samsung have established themselves here, taking advantage of Xi’an’s robust policy support for innovation-led growth. LONGi, a world leader in solar technology, is actively building Shaanxi’s 100-billion-grade silicon-based solar PV industry innovation cluster, driving industry-wide growth through R&D and supply chain expansion; while BYD’s comprehensive new energy vehicle industry chain has also positioned Xi’an as a key base for new energy technology and electric vehicles.

Belt and Road Hub: Connecting Development Across Borders

As a central hub along the Belt and Road, Xi’an recently hosted the Belt and Road Forum for International Think Tank Cooperation, fostering collaboration and advancing connected, networked development through the trans-Eurasian transport corridor. With growing trade opportunities, Xi’an is also expanding its reach into international markets, particularly in Central Asia, exporting specialty agricultural products like kiwi fruit.

Through conventions and conferences, Xi’an has demonstrated its significant potential for international economic cooperation, establishing stronger ties in Central Asia and Belt and Road countries.

New Quality Productivity: Smart Technologies and Advanced Manufacturing Fuel Growth

New Quality Productivity is driving Xi’an’s high-quality development leveraging smart technologies and intelligent manufacturing. Local enterprises like SUNNYIT are promoting innovative applications of IoT technologies to tackle industry bottlenecks, Xi’an Chinastar M&C Limited is supporting real-time urban management with products including smart manhole covers and parking monitoring systems to support urban safety and municipal services.

Industrial robots and intelligent manufacturing are also accelerating Xi’an’s industry transformation. Xi’an Aerospace Automation’s 4,000-kilogram robot, designed for warehouse logistics, highlights the city’s advancements in high-load, high-precision applications.

High-Quality Development: Digital Technology Empowers Xi’an’s Smart City Ambitions

Xi’an is progressing in smart city development, enabling companies to utilize big data and AI for comprehensive traffic analysis, enhancing traffic management efficiency, and establishing a “transportation+” multi-scenario service system to improve travel experiences.

Xi’an looks to cooperate with more companies and research institutions in fields of environmental protection, water-related affairs, education, and urban management with the goal of promoting technological breakthroughs in areas such as intelligent video analysis and large-scale AI models, empowering city management and services through digital technologies and support the development and innovation of companies in the city.

Opening Up to the World: Xi’an Shares Its Story and Strengthens Business Environment

The newly established Xi’an International Communication Center shares Xi’an’s story in multiple languages, promoting Chinese culture and positioning Xi’an as a major platform for cultural exchange. Additionally, a legal service center in Xi’an Chanba International Port now offers comprehensive legal support, fostering a fair and just international business environment..

View original content to download multimedia:https://www.prnewswire.com/news-releases/cctv-from-silk-road-gateway-to-global-innovation-hub-xian-advances-industrial-upgrades-and-international-cooperation-302294628.html

SOURCE CCTV+

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UBS Asset Management launches its first tokenised Money Market Fund, available through DigiFT

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5 hours ago

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November 2, 2024

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SINGAPORE, Nov. 1, 2024 /PRNewswire/ — UBS Asset Management, launches its first tokenized investment fund “uMINT”, made available through authorized distribution partner, DigiFT.

With DigiFT, investors can subscribe to uMINT using their preferred custody wallet solution, gaining access to real-time redemption capabilities via DigiFT’s platform. uMINT, a Money Market investment underpinned by high quality money market instruments based on a conservative, risk-managed framework, is built on Ethereum distributed ledger technology and issued under UBS Tokenize, UBS’s in-house tokenization service, a full service offering for digital asset services, that seeks to open the door to the world of decentralized finance to a broader range of market participants.

“We’re honoured to be an authorized distribution partner for UBS Asset Management in launching their first tokenized money market fund. This is a significant milestone in the world of Web3, and a testament of our ability to transform capital markets. Not only does this partnership bridge traditional finance with digital and decentralized technologies, it also demonstrates our ability to deliver next-generation investment solutions on an open network – for a new generation of global investors,” said Henry Zhang, Founder & Chief Executive Officer of DigiFT.

As part of the partnership, DigiFT will provide infrastructure for managing and monitoring on-chain distribution activities and transactions for the new tokenized money market fund. Enabled by blockchain technology, DigiFT’s best-in-class, open infrastructure ensures all transactions are stored and recorded on an immutable ledger, providing real-time operational and audit visibility. Beyond streamlining administrative processes, DigiFT is able to leverage smart contracts and facilitate automated compliance and operational efficiencies, further allowing investors to invest and explore new financial Web3 use cases.

DigiFT is the first exchange deploying smart contract methods and processes, with an automatic market-making mechanism, to be recognized as a Recognised Market Operator (RMO) and awarded the Capital Markets Services (CMS) license by the Monetary Authority of Singapore.

Disclaimer: This article is not an advertisement making an offer or calling attention to an offer or intended offer

About DigiFT

DigiFT is the first exchange for on-chain real-world assets to be licensed by the Monetary Authority of Singapore. Find out more www.digift.sg

For media enquiries, please contact media@digift.com.sg

View original content:https://www.prnewswire.com/news-releases/ubs-asset-management-launches-its-first-tokenised-money-market-fund-available-through-digift-302294618.html

SOURCE DigiFT

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Celebrate 40 Years of the UAE and China’s Diplomatic Relations at the Upcoming ‘Building bridges for the future UAE & China’ Event in Abu Dhabi

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9 hours ago

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November 1, 2024

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Taking place on Abu Dhabi’s Corniche from November 1st to 3rd, ‘Building bridges for the future UAE & China‘ will host a series of interactive workshops, live performances, cultural displays, and culinary experiences

ABU DHABI, UAE, Nov. 2, 2024 /PRNewswire/ — The distinguished “Building Bridges for the Future: UAE-China” event, reflecting the spirit of unity and collaboration between the UAE and China, will be held in cooperation with the Department of Culture and Tourism – Abu Dhabi. Taking place over three days, from November 1 to 3, on Abu Dhabi’s picturesque Corniche, this landmark event commemorates 40 years of enduring partnership between the United Arab Emirates and the People’s Republic of China.

The event’s theme, “Reflecting on The Past, Present, and Future,” pays tribute to the deep-rooted ties, milestones, and collaborative spirit that have defined the UAE-China relationship since 1984. The UAE currently maintains two diplomatic representative offices in China, in Beijing and Shanghai, and this strong bond has continued to develop over the past number of years, with Sheikh Mohammed Bin Zayed visiting China in June of this year.

What to Expect

Visitors to the Corniche will instantly be immersed in a rich tapestry of Emirati and Chinese culture, with interactive workshops that invite attendees to explore traditional crafts from both nations. Through hands-on activities like calligraphy, fan painting, and basket weaving, guests can experience the artistry that has been passed down through generations, celebrating the shared values of craftsmanship and heritage.

Visitors can enjoy the soulful notes of traditional Emirati Oud music and the dynamic moves of the Tai Chi, and Kung Fu, with each display honouring the distinct cultural essence of its origin.

Artisan stalls situated along the Corniche will display handcrafted goods from Emirati and Chinese artists, providing an intimate view into each nation’s cultural richness. Adding to the vibrant atmosphere, a roaming Dragon Dance and Al-Ayyala performers will weave through the crowds, filling Abu Dhabi’s Corniche with the colours, sounds, and spirit of celebration, embodying the unity at the heart of the UAE-China partnership.

Join the Celebration

When: November 1st to 3rd
Timings: from 4:00 PM to 11:00 PM for all days
Where: Abu Dhabi’s Corniche
Buy tickets online here: https://abu-dhabi.platinumlist.net/event-tickets/95487/building-bridges-for-the-future

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SOURCE Department of Culture and Tourism – Abu Dhabi

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