“Time is Money.” You must have heard this popular saying before. It clearly indicates that the real cost of poor time management is more than a billion dollars. It leads to performance issues and affects overall business productivity. What is the solution to this problem? Is there a way to motivate people to change their […]
Gen Z – The True Digital Natives Who Use Technology as Their Superpower Technology Savvy. Spontaneous. Emotionally Intelligent. Digital Natives. Practical. All these terms define Generation Z, or iGen, and their behaviour. In a Forbes post, Gen Z has been referred as Post-Millennial generation categorizing people born from the mid-1990s to early 2000s, comprising of […]
Who wouldn’t love being able to work remotely from home? Isn’t this an attractive job perk? With the rise of digital independence, the working landscape has changed dramatically. Employees are demanding better work-life balance, and most employers have adapted and offered occasional work-from-home days to meet employee needs. Work-from-Home – The concept is extremely meaningful […]
In the past few years, the term “Performance feedback” has become as important as Client Satisfaction. Feedback sessions are essential to keep employees informed about their strengths and weaknesses. Feedback provides guidance, lead people to perform better. Providing constructive feedback is imperative. Having meaningful and insightful conversations with subordinates to discuss their performance and behaviour […]
“Employees are the most important asset of an organization.” You must have heard this catchphrase before. In fact, some of you are already tired listening to this age-old phrase repeatedly. But hold on and think for a moment! What have you done to nurture and retain this asset? Does your organization offer best work culture […]
Introduction: This article addresses one of the major concerns of a CEO: ‘How to improve employee productivity?’ It is to be read in continuation with my previous article on ‘Organizational Climate: Managing Business Performance’. The approach below is based on experience and suggests the launch of corporate initiatives based on employee feedback. It also proposes […]
Traditional Performance Management approach is broken! Experts believe that old school performance management approach is inaccurate and unfair, as it limits managers and HR to a time-consuming review process and does not yield clear improvements in organizational or individual performance. It has been more about measuring employee performance to meet ranking purposes, rather than focusing […]
According to a Harvard Business Review study, only 15% of the company’s workforce are difference makers. That means, roughly only 1 out of 7 employees is a real player! Well, the “Star” employee is not the subject matter here, it’s the remaining six! Companies face various issues when it comes to overall company efficiency, and […]
Well, we humans have been labeled with the tag of being social animals for a reason. And the biggest execution of that tag can be clearly seen at an organizational level. Believe it or not, the success or failure in communication at a workplace determines the future of an organization. Undeniably, success is the ultimate […]
By 2020, millennials will form the largest part of the entire U.S. workforce. Reports say that millennials constantly change their jobs, if they don’t feel valued or find no career growth at their current workplace. To meet their expectations, companies are trying to figure out ways to engage and retain millennial talent. Out of many […]
In today’s global economy, companies prefer appointing employees across various locations based on business needs. Talented and skilled workers can competently meet project deadlines and work towards achieving organizational objectives, even if they are working remotely. Such remote team members not only help in saving business costs but also help increase overall productivity. Use of […]
Are performance reviews making any difference in your workforce productivity? Is it even effective in optimizing an employee’s performance? Not sure? You’re not alone! Ideally, performance review is a systematic process to evaluate and document performance of an employee. If an appraisal process is designed and implemented carefully, it can help managers and HR to […]
CFOs estimate that ineffective performance management processes result into thirty percent loss of company’s performance potential. And only 8% of organizations drive high value from these processes. In Brandon Hall Group’s 2016 Performance Management study, 72% of organizations found their performance management process to be “some – what effective” or “not at all effective”. [Source] […]
Gallup, through their research found that only 31.5% of U.S. employees and 13% worldwide are actively engaged in their jobs. Lack of engagement and low productivity cost up to $550 billion every year to the employers. People are an important asset to an organization and managers can get the best out of these people by […]
The role of a manager has always been demanding and ever evolving. Managers enable their team members to achieve their goals, maintain high levels of productivity, and ensure a focused and aligned effort. Multiple responsibilities and continually changing workplace trends, make the work of a manager more challenging than that of an employee working for the […]
Organizations use employee performance appraisal as a tool to determine the effectiveness of employee goals and provide feedback against these goals. Employees’ performance is an essential factor in an organization’s ability to meet its objectives. Appraisals often cause stress, anxiety and dismay amongst employees. It is one of the most dreaded tasks that employees and […]
Rapid developments in technology have impacted human resource practices in more ways than we can imagine. Bersin by Deloitte has stated that companies with newly upgraded HR systems see cost savings of 22% per employee. Businesses are making significant investments on cloud-based HR solutions than on-premises HR software. A Gartner report shows that cloud-based HR […]
Employee retention and workforce performance are two major challenges for nearly every organization. For achieving better business outcomes, companies need to engage top talent and create a work culture where each employee adds value to the business. Since employees take time to deliver results, it is important to retain experienced and high capability employees. The […]
As we are nearing the end of 2016, each one of us must have made some New Year resolutions. For many, the most common personal resolutions are to eat healthy, exercise more, spend less time on phones and other gadgets, and give more time to family/ friends. But, have you thought about the improvements you […]
Hitting a target that you can’t see isn’t cool. Did you hear that? To achieve your aim, you need to focus on your goals and objectives! Do managers in your company use goal setting and tracking effectively to ensure organizational and employee performance? I am sure only half of you would answer a ‘Yes’! This […]
