The Age of Oversupply: Why the Future Would be Demanding on the Present Generation
February 7, 2025
Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]
What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]
How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]
Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]
In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]
Communication helps living being (human beings, animals, even birds) share their feelings with others. Information sharing takes place through effective communication.
Communication plays an important role in development of employees. Communication helps in the exchange of ideas, thoughts and information through speech, signals, writing and so on.
How would you feel if you are not allowed to express your feelings to your family, your friends and infact the whole world? You would feel demotivated, neglected and a sense of frustration would soon develop. The same thing happens with the employees as well. Everyone would agree that an employee actually spends his maximum part of the day, striving hard to accomplish the goals and objectives of the organization. No organization gives salary for free.
What would happen if employees who give their heart and soul to an organization do not have the liberty to speak and express their thoughts? Trust me there would be dissatisfaction all around, no one would work sincerely for the organization. eventually affecting its performance in the long run.
Employees should have the right to express their opinions in front of others if you really want them to develop and grow professionally. No amount of trainings or employee development activities would help, if employees have no choice but to accept whatever is imposed on them. Let them speak. They would infact come out with better ideas as to what all skills and activities would help them perform better.
Encourage healthy communication among employees. An individual should be aware of what his fellow workers are up to. Let him speak to his colleague. Let him find out what all skills his colleague knows and he still has to learn. An employee acquires new learnings while on job itself. Employees should be motivated to work in teams.
Remember a manager’s role is not just to sit in closed cabins, shout on employees’ and communicate with them only through emails. Emails are an important medium of communication, but nothing can beat verbal or face to face communication. Managers must sit with their teams twice or thrice to review their work, share feedbacks and whenever required address their grievances.
An employee should have the liberty to walk up to his manager’s cabin in case of queries. If you do not allow your employee to speak, how would you know in which all areas he is lacking and what kind of training would help him? Be there for your team. Do not force anything on your employees. Let them come out with their problems for you to suggest the solutions.
Introduce the concepts of morning meetings. Meetings can be conducted department wise, branch wise and so on. Each and every employee participating in the meeting should have the liberty to express his/her view points. Respect other’s opinions. An employee should have the freedom to express his/her thoughts and share information irrespective of his designation or level in the hierarchy.
There are some people who do not open up easily in front of others. Install a drop box in the reception area and ask employees to write their feedbacks, opinions or any other query on a piece of paper and put it in the dropbox. Do not ask them to write their names but yes do ensure they mention their departments or functional areas. This would at least help you understand what all new training programs or sessions you need to introduce in the organization.
After every training program, do take feedback of employees. The feedbacks must be carefully monitored and implemented. Try to make your trainings more effective in the future.
Two way communication makes an employee more confident and one starts believing in the organization.
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