Do not adopt best practices just because others are using them. Best practices only
work if they are focused on employing targeted human capital actions relevant to
your business.
Discovering and emulating other companies’ best practices has been very popular—
especially in the last ten years. Unfortunately, the best practices of another company
are often irrelevant to your own company. They generally add no value.
It is not until you focus on what you are doing specifically in your business and taking
targeted human capital actions relevant only to your situation, that best practices
becomes meaningful.
You need to go through a human capital planning process where all practices are tied
concretely to your business goals.