How should one get the best out of the employees? What shall one do to enhance the productivity levels of employees? Is there any sure shot way to manage one of the most important resources in the organisation, the human resource? If you are looking for an answer to the above questions, you have reached the right place.
In today’s world there is cut throat competition in every business and the customers take an informed decision after evaluating several options. Thus many organisations agree that their employees are the only source of differentiation in the overall package presented to the customer. Undoubtedly, the enterprise which acquires new perspectives for human resources will accomplish its goals better than others in the industry. Several studies and researches prove that the quality of human resource and the way it is being managed has a considerable impact on the survival and growth of the organization. Bill Gates, the CEO of Microsoft once quoted that “Take our 20 best people away, and I will tell you that Microsoft would become an unimportant company”.
There is no denying to the fact that human resource is significant in achieving business goals. However managing it is a challenge and very few come out with flying colours out of it. Employees today are not motivated just by salary and bonus. There is a paradigm shift in the expectations of employees at work place. Organisations try several breakthrough techniques to acquire, develop and retain the key talent. Some companies try to help the employees in maintaining work and life balance and introduce fitness centres, child care subsidies, etc. This technique has shown good results in the past and is being adopted by several companies now. Other techniques include motivating employees by making them feel an important part of the venture, recognition from management, distribution of awards and titles, etc. The relationship with peers, superiors and subordinates also plays a major role in deciding the productivity of the employees. In view of this, several organisations intervene in the same and conduct activities at frequent intervals to promote healthy relationship amongst employees.
The adage holds very true “Pay fairly to the employees but treat them great”.