Current Employment Trends and Their Implications for Business, Society, and Individuals
February 12, 2025
Years of research reveal that Emotional Intelligence is a critical component which distinguishes a high-performer from an average performer. Team members having high emotional intelligence contribute towards the development of high-performance organizations and successful systems. Research findings prove that emotional intelligence is twice as important as the IQ in predicting the performance outcomes and the […]
In one our write ups we mentioned the problem of succession planning in organizations. The basis was the SHRM survey of 2003 that found out that 60% of organizations have no succession planning at all. We discuss the phenomenon in detail here. What is succession planning and when did it emerge as a problem? What […]
Planning means looking ahead and chalking out future courses of action to be followed. It is a preparatory step. It is a systematic activity which determines when, how and who is going to perform a specific job. Planning is a detailed programme regarding future courses of action. It is rightly said “Well plan is half […]
Relationship Marketing is being spoken of as one key Business Philosophies of the progressive Organizations who are Customer Oriented or Customer Centric. Companies have realized that to be successful on the long term trajectory of successful business, they need to be closer to the market, get under he skin of the Customer, anticipate his needs […]
Causes of Failure of Job Order Costing: The following is the list of the most probable causes that would cause the job order costing system of the company to fail: Adequate System Not In Place: Job order costing requires an elaborate system in place. In earlier times this was done with the help of paperwork […]
The greatest and widely accepted benefit of participation is the increased work ownership of employee. An employee is better able to relate himself/herself with his or her work and this improves performance and efficiency at work.
John Newstrom and Keith Davis worked extensively upon the subject. They identified three variables that lead to increased performance. These variables are a part of participative management.
According to them, the three variables that collectively enhance performance are:
The reward system needs a revamp. Psychologically empowerment connotes increased responsibilities in the mind of an employee, a hike is required.
Finally, participation should result in either job enrichment or job enlargement. Job enlargement means expanding the job responsibilities - adding task elements horizontally. Job enrichment on the other hand means that the job becomes more rewarding - monetarily and otherwise.
Since training induces behavioral changes there is a need for reinforcing the new behaviors. It is this change in attitude and behavior that brings in increased efficiency. Each employee also requires support from those above him and people working his supervision. Support functions become important because the individual now himself delegates his own work. This trickles down to the bottom or the lower level and this is how participation happens across various levels.
Empowerment means more competence and value addition to work. It means that individual accepts the responsibilities with humility and fulfills them with grace and efficacy. It calls for increased use of talent. It is in wake of this that the concept of talent management is fast evolving.
One limitation of participative management is that the results or decision making doesn’t improve overnight. The above mentioned three variables have been effectively used in organizations implementing participative management. They can act as a catalyst in speeding up the results.
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