Curious Observation – First Step in Decision Making Process
February 12, 2025
In the previous article, we learned about financial freedom or financial independence. However, in the traditional financial planning world, financial freedom was only considered to be a goal that is to be reached towards the end of one’s career. The general opinion was that financial freedom has to be reached when a person has attained […]
Lisa works as a Brand Executive with a reputed multinational firm. She was asked to deliver a presentation on her assignments and achievements. Her appraisal was due that month, and she did not get her promotion. No points for guessing, her presentation played the culprit. Her thoughts were not at all clear and she could […]
Finance and sustainable business practices have traditionally been considered to be separate fields. It was common for companies all over the world to participate in activism related to sustainable business practices. However, this activism was more a part of their social responsibility and would not have any impact on their bottom line. This has changed […]
The process of needs assessment happens at three stages or levels, the organisational, the job and the person or the individual. This is the basis for any needs assessment survey and remains the same more or less in all organisations around the globe. There are however many techniques for collecting the data for training need […]
The world is changing before our eyes and whether one actively participates in that or is a bystander, the changes affect all of us. This is true in the business world as well where resource crunch, power outages and labor unrest means that companies have to take extra precautions to survive the present times. When […]
In case of traditional co-located teams, pizza parties, lunch/dinner outings etc. are common approaches to celebrating team success while cash or non-cash awards such as public appreciation, customized merchandise or certificates are used to recognize individual performance. But when the teams are globally distributed, it becomes a challenge to reward and recognize their triumphs in an encouraging manner.
Such celebrations are more vital in a virtual team environment because the feeling of isolation is experienced much more by their members as compared to that of co-located teams.
Some managers realize this and in order to make up for the distance, send congratulatory emails or do a quick 5 minute praise over the phone. But these gestures actually lack the true spirit of recognizing employee’s or team’s performance. These draw a wet blanket on the people’s enthusiasm.
As a virtual team leader one has to think-of-the-box and come up with creative ideas for recognizing good performance to keep the morale of the team high. Below are some meaningful ways to recognize individual and team performance that makes them feel in valued and appreciated:
It is notable to mention here that even though a part of R&R program should regard individual performance to inspire each member towards higher productivity but at the same time major emphasize should be placed on group efforts because then only will people unite and collaborate together to deliver results.
Virtual team members perform in a unique cross-functional, cross-organizational and multi-cultural work environment, therefore their key performance indicators should also focus on working across organizational boundaries, sharing knowledge to support group tasks, ambiguity as well as adaptability to different cultures.
The key to unlock the full potential of virtual team’s performance management system lies in both modified performance objectives and distinct rewards & recognition programs.
Virtual team members need constant reinforcement that they are important asset of the organization and their contributions go a long way in determining the organizational success.
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