Current Employment Trends and Their Implications for Business, Society, and Individuals
February 12, 2025
A good performance management system works towards the improvement of the overall organizational performance by managing the performances of teams and individuals for ensuring the achievement of the overall organizational ambitions and goals. An effective performance management system can play a very crucial role in managing the performance in an organization by: Ensuring that the […]
The modern business world is dynamic and fast changing, and today’s consumer is smart, informed, and savvy. With an abundance of information available at the click of a button, they can see straight through flimsy marketing campaigns and overpriced duplicate products. A strong product value proposition that instantly communicates the unique and authentic value of […]
In the previous articles, we have already studied the basics of start-up valuation. We are also aware of the basic concepts such as pre-money valuation and post-money valuation which commonly affect the funding received by startups. However, the cases mentioned until now were very simple. These cases are only presented for the student to gain […]
Pension funds are large investment funds that control trillions of dollars worth of investments worldwide. Pension funds exist in almost every important economy of the world. Hence, pension funds are controlled by many different types of regulators. Despite this heavy policing of the activities of pension funds by regulatory bodies, they still face a lot […]
Introduction The emergence of the network-based organizational structures and a movement away from the hierarchical structures that were the hallmark of the earlier era presents its own set of challenges to Human Resource Managers (HRM) as well as Executive Leadership and Senior Management. The key aspect of the transition from hierarchy to network and from […]
The management must understand the difference between a dedicated employee and an employee who comes to office just for the sake of fun. The employees who really are concerned about the organization must be retained for better output and a healthy environment at the workplace.
Let us go through few steps to avoid talent drain:
An individual must be made to do something which really excites him and most importantly matches his background. The employees must be asked to accomplish the tasks in the most innovative way for them to enjoy their work. No one should be asked to do anything out of compulsion.
The team leader must not force anyone to work. Let them accept assignments willingly. The moment work becomes a burden for the employees, they look for a change.
Discussion is important but one should not irritate anyone. The team manager should also not make his team member’s life hell. Just give them deadlines and ask them to complete the assignments within the desired time frame. Motivate them to deliver their best but don’t be after their life. Remember everyone is mature enough to understand that work comes first, and everything later.
The human resource department must take the initiative to celebrate birthdays of employees at the workplace. This way people come closer, make friends, develop trust and are thus reluctant to go for a change. Major festivals should also be celebrated at the organization for employees to get attached to the organization.
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