How Regulations Have Affected Operational Risk?
Companies all over the world today acknowledge operational risk as a serious threat to the survival of their organizations. This is the reason that they explicitly mention operational risks in their risk policies and make efforts to reduce or eliminate these risks. It is important to note that this was not always the case. Just […]
Career Programs for Special Target Groups
Career development programs are designed to meet specific needs and requirements of a particular group of employees. They can be developed for a particular department of special target groups. Depending upon the group for which the program is to be designed, the activities and workshops involved in it also change accordingly. Therefore, before designing and […]
What are Successful Principles of Product Management
Companies that are responsible for the production and distribution of products have a lot on their plates. Every product has a particular lifecycle. In order for that lifecycle to last as long as possible, some considerations need to be made. A successful product manager is always vigilant in their efforts to do what’s best for […]
Designing and Managing Services
The art of brand building is through creating strong brand image and brand awareness with customer. However, the brand building process continues even after the product is sold to the customer. Company can come out to be a winner by showcasing differentiation in services at the point of sell and after sell customer service. Furthermore, […]
How do Pension Plans Work?
The main objective of the financial system is to allow the participants to meet their financial goals. One common goal which almost every financial system participant has is the goal of a comfortable retirement. Most people want to set aside certain sums of money in their productive years and invest this money wisely so that […]
A major percentage of employees find their work boring. Ask HR managers about employee engagement and they have only one answer: it is the biggest challenge that we are facing today.
Days of huge increase in wages or salaries even in highly productive organisations have gone. It is unable to retain employees within the organisation for long.
Due to this, the HR managers had to come up with other motivators such as offsite parties and picnics, cricket or football matches on anniversaries and birthdays, cultural festivals, painting and quiz competitions, creches for the children of employees, Friday bashes, movie tickets and discount shopping coupons and many more.
Google, the most famous and successful technology firm provide free, healthy and well prepared food to their employees.
The company appoints well qualified and experienced chefs so that their employees can relish awesome food at work. This is one of the strategies to make employees feel happy at work; however, it alone can’t retain employees for long.
There have to be something else that can motivate people to being involved enthusiastically in their work. They must have an emotional attachment with their job and company.
Beyond all the above mentioned popular techniques, there are other things that play an important role in enhancing the engagement levels of employees. The proposed 3 C’s of employee engagement are career, competence and care.
An organisation can provide its employees with opportunities to grow professionally through job rotations, indulging them in significant tasks, challenging assignments and promotions.
They should also be given a specific level of authority and autonomy to take their decisions on their own. The organisations prepare an entirely new breed of employees if they genuinely invest in developing the careers of their people.
Most employees after spending a few months look for competence-boosting opportunities with the organisation so that they can grow and move to the next level of their careers.
While the career focuses on the actual growth in terms of designation, wages and perks and authority, competence is the ability to grow utilizing the opportunities.
The managers need to be empathetic and sensitive towards people and understand their personal problems.
Showing small day-to-day caring gestures towards employees make them feel that they belong to the organisation and organisation belongs to them.
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Current Employment Trends and Their Implications for Business, Society, and Individuals
February 12, 2025
