1. Safe, Healthy and Happy Workplace
Creating a safe, healthy and happy
workplace will ensure that your employees feel homely and stay with
your organization for a very long time. Capture their pulse through
employee surveys. |
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2. Open Book Management Style
Sharing information about contracts,
sales, new clients, management objectives, company policies,
employee personal data etc. ensures that the employees are as
enthusiastic about the business as the
management. Through this open book process you can gradually create a
culture of participative
management and ignite the creative endeavor of your work force.. It
involves making people an interested
party to your strategic decisions, thus aligning them to your business
objectives. Be as open as you can. It
helps in building trust & motivates employees. Employee self
service portal, Manager on-line etc. are the
tools available today to the management to practice this style. |
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3. Performance linked Bonuses
Paying out bonuses or having any kind
of variable compensation plan can be both an incentive and a
disillusionment, based on how it is administered and communicated.
Bonus must be designed in such a way that people understand that there
is no payout unless the company hits a certain level of profitability.
Additional criteria could be the team's success and the individual's
performance. Never pay out bonus without measuring performance, unless
it is a statutory obligation. |
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4. 360 Degree Performance Management
Feedback System
This system, which solicits feedback
from seniors (including the boss), peers and subordinates has been
increasingly embraced as the best of all available methods for
collecting performance feedback. Gone are the days of working hard to
impress only one person, now the opinions of all matter, especially if
you are in a leadership role (at any level). Every person in the team
is responsible for giving relevant, positive and constructive feedback.
Such systems also help in identifying leaders for higher level
positions in the organization. Senior managers could use this feed back
for self development. |
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5. Fair Evaluation System for
Employees
Develop an evaluation system that
clearly links individual performance to corporate business goals and
priorities. Each employee should have well defined reporting
relationships. Self rating as a part of evaluation process empowers
employees. Evaluation becomes fairer if it is based on the records of
periodic counseling & achievements of the employee, tracked
over the year. For higher objectivity, besides the immediate boss, each
employee should be screened by the next higher level (often called a
Reviewer). Cross - functional feedback, if obtained by the immediate
boss from another manager (for whom this employee's work is also
important), will add to the fairness of the system. Relative ratings of
all subordinates reporting to the same manager is another tool for
fairness of evaluation. Normalization of evaluation is yet another
dimension of improving fairness. |
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6. Knowledge Sharing
Adopt a systematic approach to ensure
that knowledge management supports strategy. Store knowledge in
databases to provide greater access to information posted either by the
company or the employees on the knowledge portals of the company. When
an employee returns after attending any competencies or skills
development program, sharing essential knowledge with others could be
made mandatory. Innovative ideas(implemented at the work place) are
good to be posted on these knowledge sharing platforms. However,what to
store & how to maintain a Knowledge base requires deep thinking
to avoid clutter. |
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7. Highlight performers
Create profiles of top performers and
make these visible though company intranet, display boards etc. It will
encourage others to put in their best, thereby creating a competitive
environment within the company. If a systems approach is followed to
shortlist high performers, you can surely avoid disgruntlements. |
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8. Open house discussions and
feedback mechanism
Ideas rule the world. Great
organizations recognize, nurture and execute great ideas. Employees are
the biggest source of ideas. The only thing that can stop great ideas
flooding your organization is the lack of an appropriate mechanism to
capture ideas. Open house discussions,employee-management meets,
suggestion boxes and ideas capture tools such as Critical Incidents
diaries are the building blocks that can help the Managers to identify
& develop talent. |
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9. Reward Ceremonies
Merely recognizing talent does not
work, you need to couple it with ceremonies where recognition is
broadcast. Looking at the Dollar Check is often less significant than
listening to the thunderous applause by colleagues in a public forum. |
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10. Delight Employees with the
Unexpected
The last but not least way is to
occasionally delight your employees with unexpected things that may
come in the form of a reward, a gift or a well-done certificate. Reward
not only the top performers but also a few others who are in need of
motivation to exhibit their potential.
EmpXtrack' is a composite HR solution
which helps in the institutionalization of most of these best practices
by utilizing software tools. EmpXtrack team is always available to
provide you with systems which are synchronized with your HR processes.
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