“To win the marketplace, you must first win the workplace.”
- Doug Conant
Losing a good employee is always expensive for a company, but there are methods to reduce unwanted rotation. The basis of their effectiveness is systematic monitoring of employees attitudes, forecasting the number of departures and identification of groups most at risk of rotation. This information allows you to prepare an effective development program.
Diversity management is currently a fashionable term in the HR industry. It is a strategy that allows you to build a competitive advantage on the market. Companies that focus on diversity and social integration are doing better.
Who! - this is the number one problem. Not that.
In the 80s, Jack Welch, CEO of General Electric, described a system for categorizing employees - “20-70-10.” 20% are the most productive, 70% were middle peasants, and 10% are worthless workers who should be fired. Using this system, Welch was able to increase General Electric's profit by 28 times. Later, the system was renamed to "ABC-players." Interesting? Let’s go.
Characteristics of the Z generation
Actually, from birth these young people are familiar with the new technology and it is a natural environment for them. Today, a 5-year-old can learn how to use a smartphone or laptop faster than many adults. That is why the generation checks the Internet with any doubt, to which they usually have permanent access. They can search, know how to navigate it, there are no problems with virtual communication. Often, these people have many friends from distant corners of the world, because thanks to the network there are no barriers. In addition, Generation Z engages in discussions on forums and social media more than other generations.
Today, companies employ people from up to three generations. Each of the generations has different demands on the workplace. Employee retention is therefore one of the greatest challenges for employers. In order for companies to communicate effectively despite the diverse needs and expectations of their workforce and at the same time to attract, retain good employees, they need to be more innovative than ever.
We are happy to inform you that new Rewards Module has been added to the BrainyHR - smart human resources management software.
Engaging everyone across your teams, departments, and locations with social recognition, Rewards Module helps people understand what it means to embody your company core values and how contributions of all kinds support your mission.
People are the most valuable and at the same time the most problematic asset of any organization. How to make a person feel good at work? How to achieve full return? How to protect the company from “brain drain”? How to get the most talented, bright and productive employees themselves, and save money on salaries? “Everything is possible”, says Bob Nelson, because money is not the main thing.
Praise, recognition and criticism are important and effective management tools in daily work.
Employees whose managers know how to adequately appreciate good performance are demonstrably more motivated. However, many managers struggle to award praise and recognition - or, in contrast, criticize unacceptable behavior.
The heart of every company is its employees. Sustainable corporate success depends to a large extent on the way employees work. How motivated the employees are and how connected they feel with the company often determines the results of their work. But especially when it comes to motivation, companies often neglect opportunities that would often only mean little effort.