While on one hand the organizations are coping with the global
economic uncertainties, the other side of the coin shows a dearth of
good talent in the marketplace. Under such circumstances both hiring and
retention of talent becomes vital for the survival of any firm.
As we all know an establishment is made by its people. When these
individuals get together and collaborate as a team the organizational
vehicle functions in a smooth manner. Any glitches or slowdown means
that the vehicle either stops functioning or requires more push to
function. In contrast, like a well-oiled vehicle when the team works in a
better manner it ensures better output. The story remains similar of
organizations of any size. For smaller organizations and start-ups,
getting the right people and retaining them becomes even more crucial
due to the scale of their operations. Any gap which is not filled in
time can lead to immense lose in productivity and profits. Research
shows that companies are losing top talent by not adopting some basic
trade-tricks.
Communication
Communication tops the list due to obvious reasons. Many employees are
unable to understand their role and responsibilities as they struggle to
clearly understand their work expectation. A proper understanding can
be achieved through two way communication between the employers and the
employees. Two-way communication not only helps in clearing out doubtful
situations, it also enables employees to freely share their views and
opinions which can be beneficial for the growth of the firm.
Motivation
We all know that motivation is intrinsic to every activity and plays an
extremely vital role in maximising employee productivity and
efficiency. This in turn acts as a catalyst in the growth and
development of the company or the enterprise. Therefore, It is
imperative for any organization to constantly work towards keeping their
employees motivated.
Reward & Recognition
Rewarding and applauding are perhaps the easiest yet the most forgotten
means of employee motivation. Recognition brings with it a sense of
ownership and encourages employees to work towards their set goals. It
has been observed that team recognition enables groups to bond better
and create a positive environment. It works as an esteem booster and
makes employees liable for their work and subsequent growth.
It is important to note that contrary to popular belief, reward need
not always be in terms of incentives or allowances. A simple pat on the
back or a good job done mail can do wonders for an individual or a team.
Understanding employee aspirations & goals
For an establishment it is important to recognize the goals and
aspirations of its employees. By recognizing employee ambitions, the
firm can create a sense of loyalty and make individuals feel part of the
bigger establishment. People need to know that their future matters to
the firm and its management for them to stay back and put in their best
in their work. In addition it helps if the goals and aspirations of the
employees can be matched to those of the establishment.
Empowering Employee
A number of times firms give their employees the responsibility to do
some work sans the authority. Empowering the employees to make certain
decisions as well as take charge for getting the expected outcome is
essential. Merely by delegating work and not ensuring optimum freedom
can lead to management disaster. Empowering employees makes them feel
like an integral part of the working family and encourages them to go
that extra mile. Various surveys prove that employees that are able to
have control over the work environment have a higher level of job
satisfaction and tend to stay longer with a firm.
Conclusion
Employees are a company’s greatest asset and go a long way in making a
firm successful. Building a good team can be a task but constant changes
are required to ensure productivity and efficiency. Collective ideas,
feedbacks and enthusiasm for work can help a business grow and succeed
in today’s competitive environment. While many people naturally lead and
give their best to their work in any circumstances, others require the
guidance of skilled managers to lead them to growth. Employee
satisfaction is related to how connected an employee feels to the firm
and hence it becomes the responsibility of the management to keep
employees engaged and encouraged.
