Can a Robot Think Critically and Muse Philosophically? Skills for the Future Workforce
February 12, 2025
The Fourth Industrial Revolution and the Changing Nature of Work The very nature of work and employment is changing rapidly before our eyes. Since the times of the First Industrial Revolution when the modern day arrangements of work and employment were firmed up, office was a place to go to every day and between certain […]
How to deal with Paltry Hikes and Bonuses The gloomy economic conditions prevalent in the West and most parts of the world call for some specific strategies from professionals who need to deal with them. To start with, it is a fact that working professionals have not seen salary hikes and bonuses for the last […]
What is Technology Transfer and why is it so Important for Corporates? Technology transfer. This is a term that bedevils companies in various sectors when they place large orders and enter into joint ventures with other firms. To explain, technology transfer refers to the practice of the foreign firm transferring the technological knowhow and the […]
The Five Challenges of Determining Pay and Perks Challenges in Organizations Ensuring fair pay and perks packages across the organizational hierarchy can be challenging for Human Resources or HR Personnel. For one, they have to ensure that the Pay Gap between the Topmost and the Lower most levels is not too high to demoralize the […]
Differing Reward Systems and their Consequences The debate over whether entrepreneurs/owners should be rewarded at multiples that exceed those for the rank and file employees has been raging for some time now. What has added fuel to the fire in recent years has been the issue of executive compensation and shareholder rewards when compared to […]
Employee happiness is not a choice for today’s employers but it is a need which may directly impact the organization’s topline and bottomline profitability. Employers who have realized the importance of work-life balance are more profitable and successful, as such organization’s tend to have employees who are more happy, creative, love to take challenges fearlessly and deliver results in a much better manner without any fear of being reprimanded for making mistakes or compulsion from any authority. In a way, it can be implied that organizations that pay attention to the work-life balance goals, have better performers and deliver positive ROI.
To start with, it is important to analyze the causes of burnout or employee unhappiness before selecting and implementing the work-life balance strategies. This burnout could be due to lack of motivation, emotional turmoil or depression and lack of interest. Research investigations reveal that burnout is directly proportional to the employee turnover ratio; higher the burnout, higher will be employee turnover.
Employee burnout can be tackled by the following measures as given below:
By providing them the authority and autonomy to deliver results within the stipulated timelines and resources, will help the employees to work better and increase their loyalty towards their organization.
By strategically planning and implementing employee suggestion scheme, employee participation and involvement in the organizational decision making will enhance and quality of decisions along with the outcomes will improve. Few aspects which should be considered for successfully implementing employee suggestion programs:
Employees, who feel that they have been appreciated and recognized for their contributions, are likely to be more confident and committed towards their work. These rewards can be in the form of a monetary reward, promotions or a public appreciation of the hard work or may be in the form of a simple get together.
Besides the above factors, given below are the strategies by way of which Employee Work-life balance can be promoted:
Work balance means a lot to the millennial employees who are crammed with the day to day challenges at work, complex responsibilities and bugged by the pressure of responding promptly to the emails or different forms of electronic communication. Organizational policies, rules and well planned initiatives can help an employee in being most productive and happy in the workplace scenario.
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