Delivering Value Through Position Based Management
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Key Takeaways
⇨ Reliable position hierarchy (Position org chart is the source of truth) & robust position approval process (auditable trail of approval steps)
⇨ Proactive control of incremental positions and enhanced transparency of total workforce
⇨ Great things can be achieved when HR and Finance work together
Genesis Energy had low control and visibility of incremental positions. Disconnect between recruitment, HR systems, and finance (roles were being recruited where no budgeted headcount existed). The finance team spent significant time forecasting at the employee level.
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