Development of Compensation System
Compensation system involves the total rewards that are given to the employees for the labour and services they provide to the organization. Compensation includes direct monetary benefits as well as indirect monetary benefits. Wages and salaries form the direct financial benefits that an employee receives from his or her company. Besides, wages and salaries, bonuses […]
How Human Resource Managers can deal with Difficult Employees
Introduction One of the key challenges that HR (Human Resource) Managers face in any organization is how they respond to employees violating organizational policies and plain disgruntled employees who are angry with their appraisals and consequent pay hikes and bonuses. Indeed, how astutely and adroitly the HR Managers deal with such employees determines their competency […]
How Does Employee Engagement affect Financial Performance of a Company ?
Experts say that the engagement, involvement and satisfaction of the employees should be the biggest concern of the organisations. When they are actively engaged, it can directly affect the productivity and financial standing of the company. While it may not directly add to your profits but it certainly helps in several indirect ways. There are […]
Human Capital Management – Meaning and Important Concepts
To understand the meaning of Human Capital Management let us first find out the meaning of “Capital”. What does the word “Capital” stand for? Capital refers to already produced durable goods which further contribute to the production of goods and services. In simpler words, capital refers to any produced good/service which enables an individual/organization to […]
Challenges for a Better Employee Relationship Management
The relationship between employees working in a common organization is called as employee relationship. Every employee should ideally be comfortable with others to stay motivated and stress free. No conclusion has ever come out of disputes; instead it is just a mere wastage of time and lead to a negative environment at work. The employees […]
A team is defined as a group where individuals with similar skill sets, knowledge, specialization and expertise come together on a common platform to perform same or related tasks. Team work encourages employees to contribute as per their capabilities to reach to a common goal i.e. accomplish tasks within desired time frame.
Individuals, rather than working alone should work in teams to ensure timely delivery of work. Employees, working in teams are found to be efficient, reliable, confident, satisfied and proactive as compared to individuals who prefer working alone. They tend to deliver quicker results as compared to employees who have to do everything on their own. An individual who is handling multiple responsibilities would never be able to deliver results on time.
Team work plays an essential role in increasing efficiency of employees eventually benefitting the organization and yielding higher profits. Team work leads to proper delegation of responsibilities as per employee’s expertise, skill sets and knowledge. Employees are supposed to do what they can best do. When employees contribute as per their experience and specialization, targets are achieved within the desired time frame and tasks are accomplished on time with minimum errors.
Individuals working in teams can interact, discuss, brainstorm ideas to reach to unique solutions and also gain from each other’s expertise. Work gets finished on time when individuals with similar knowledge work in unison. A single brain sometimes fails to think out of the box whereas few intelligent brains together can actually make a difference. If you do not have the required skills to work on a particular project, take the help of your team members and vice-a-versa.
No human being can work in isolation. We need people around to talk to. Believe me, half of the problems evaporate when employees voice their concerns and discuss with co workers and superiors.
Problems and grievances need to be addressed on an immediate basis. Greet your fellow workers with a smile. Wish them in the morning and you would be surprised to see that you would feel fresh and happy the whole day.
Employees do not feel like working if they have no friends at the workplace. Work becomes a mere source of burden for them and eventually their efficiency decreases. Let individuals have friends, open up, discuss their problems and also find a solution. Employees, this way also come closer, avoid getting into useless fights and eventually lead to a healthy work culture. It also reduces the stress level at the workplace, thus employees are able to concentrate on work rather than indulging in nasty politics.
Encourage morning meetings at workplace where employees can come together on a common platform along with their team managers to plan the entire day. It is essential for the manager as well as team members to know what the other member is upto.
Duplication of work is absolutely pointless. Make sure your team member is not working on the same project which you have already started working on. Ensure everyone is working on different assignments.
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