Accounting for Reinsurance Contracts
Reinsurance contracts tend to be very complicated. As we have already studied in the previous articles, a wide variety of complicated structures with various cash flow probabilities are associated with reinsurance contracts. Hence, it needs to be understood that the complicated nature of these reinsurance contracts sometimes ends up creating complicated accounting policies as well. […]
Modern Theories of Motivation
We all are familiar with the classical theories of motivation, but they all are not empirically supported. As far as contemporary theories of motivation are concerned, all are well supported with evidences. Some of the contemporary/modern theories of motivation are explained below: ERG Theory McClelland’s Theory of Needs Goal Setting Theory Reinforcement Theory Equity Theory […]
Communication Skills and Personality Development
Personality refers to an individual’s characteristics, style, behavior, mindset, attitude, his own unique way of perceiving things and seeing the world. Genetic factors, family backgrounds, varied cultures, environment, current situations play an imperative role in shaping one’s personality. The way you behave with others reflects your personality. An individual with a pleasing personality is appreciated […]
Attention – Meaning, Types & its Determinants
The concept of Attention is studied in Cognitive Psychology with focus on explaining how we process the environmental information with the help of our sensory receptors. The term attention is used for various perceptual processes, which involves selection and inclusion of certain sensory inputs as a part of our conscious experience. The process of attention […]
Between Two Paradigms: The Changing Role of Management
From the Smokestack Era to the Digital Era The role of management has changed over the decades as the paradigm shift from manufacturing to services and then to the emerging view of organizations as a holistic whole interacting with its environment in a symbiotic manner. This paradigm shift has engineered and engendered a corresponding shift […]
Organization culture reflects the working conditions, behaviour of employees, their thought processes, beliefs and so on. Organization culture in a layman’s language is often called as work culture and plays an essential role in extracting the best out of employees.
Work culture needs to be healthy for employees not only to enjoy their work but also deliver their level best and develop a feeling of loyalty and attachment towards their respective organizations.
Negative attitude and ego are in fact two biggest threats to organization culture. Individuals who find it difficult to look at the brighter sides of life often crib and complain and spoil the entire work culture. They themselves hardly work and on top of it also influence others.
Problems are in fact everywhere. Can you name one organization where there is absolutely no tension or stress? Believe me, you would find peculiar characters in every organization. You just need to know how to deal with them.
How many organizations would you change? Employees who think that fighting is the only solution to solve issues are sadly mistaken and in fact pose a major threat to organization culture. Remember, strikes, unions, mass bunking not only spoil the organization culture but also bring a bad name to the organization. Develop a positive attitude and learn to ignore things if you really want your organization to do well and outshine its competitors.
There is no place of ego at workplace. Employees who carry their ego to work find it difficult to adjust with their fellow workers eventually affecting the work culture. In today’s business scenario, people expect you to drop “Sir”, “Maam” or “Boss” attached to a name in both written as well as verbal communication.
Corporate culture gives you the liberty to address individuals by their first names only irrespective of position and age. Now, there are some individuals who would really not appreciate their juniors calling them by their names.
You need to understand that there is nothing which is more important than your work and output. No individual would like to work in an environment where juniors are not treated with respect and care. Would you ever like to leave an organization where all employees are treated as one? Ask yourself.
Favouritism is another big threat to work culture. Problems arise the moment you start giving special treatments to few employees. Do not favour someone just because he/she is your friend or you like the other person. Such behaviour is absolutely unacceptable and unethical. Favouritism not only spoils the work culture but also demotivates those who genuinely want to work and carve a niche for themselves. Employees who work hard need to be motivated and appreciated irrespective of their position in the hierarchy.
Lack of communication among employees is another major problem faced by organizations. Employees need to communicate with each other to discuss work, various issues and also reach to innovative solutions. Employees need to work as a single unit for better results. Bosses need to communicate effectively with their team members. Do not always expect your secretary to pass on information to your subordinates on your behalf. Let employees feel special. Treat them as indispensable resources of the organization.
Individuals taking their organizations for granted also spoil the work culture. You need to genuinely feel for your organization. A feeling of loyalty is essential. Don’t work for anyone else but for yourself and obviously your organization. Things would never improve unless and until employees take pride in representing their respective organizations.
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