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 […]
Employee Development refers to steps taken by an organization to enhance the skills of an employee and motivate him/her to acquire new knowledge and leanings.
Employee development activities upgrade an individual’s existing knowledge, sharpen his/her skills and also prepare him/her to take up new opportunities in the future.
As a result of trainings and employee development activities, employees face adverse conditions, unforeseen situations and challenges with a smile.
No amount of trainings would help unless and until an employee realizes the value. An individual must understand as to why trainings are being organized? Remember, no organization would like to spend its money on non productive activities or something which would neither help the employees nor the employer. Your manager would not know what all new skills you need to learn? The success of employee development plan to a large extent depends on the employee itself.
Organizations must encourage their employees to think about their growth chart in the organization and how would they achieve the same ? Each employee should be aware of his/her roles and responsibilities and how can he/she contribute more effectively towards the organization.
It is always better if employees come up with their own development plans and what all new they would wish to learn for them to become versatile.
Human resource professionals can prepare various questionnaires which can be circulated among employees to know their opinion. Let your employees suggest you activities which will help them develop further.
The questionnaire can have basic questions like:
Such questions help the management know the current position of an employee and what all areas he needs to be groomed and trained ?
Once you have a rough-cut idea of what your employees expect out of you, start preparing development plans. A common development plan would not work out for all employees’. Every employee is different.
Organize various internal as well as external trainings keeping in mind the employee’s requirements and how the training program would benefit him/her. Design the training programs in line with the organization’s needs and demands. Encourage employees to sit with an open mind and interact with the trainer as much as they can. Mere one way communication makes the training boring and nothing productive can be derived out of it.
Encourage employees to work in teams. Individuals do train their counterparts on jobs. Ask individuals to train their fellow workers. This would not only train other employees but also make the trainer proficient.
Motivate employees to learn from each other. Allow employees to discuss their work on an open forum once in a week. Such activities help in information and knowledge sharing.
Employers must sit with their employees to understand how certain jobs can be redesigned for an increased output. Let employees come out with innovative ideas. Acknowledge and appreciate their new concepts and suggestions.
Give additional responsibilities to employees. Ask them to represent their teams, prepare reports, track their team’s performances and so on. Make them accountable for their team’s performance or new processes. Let them take charge.
Let employees assist their managers in day to day work. Team leaders can take their team members for business meetings or crucial deals once in a while. Taking them out for meetings and providing them the chance of interacting with clients will give them the necessary exposure.
You need to keep a track of what your employees are up to? Proper feedbacks are essential. Sit with your employees after each quarter and review their performances.Give them necessary suggestions as to how they can improve their performance. If they have not performed well once, do not shout on them or demotivate them.
Trust your employees. Make them feel that you are there with them. Don’t always count their mistakes; rather appreciate them whenever they do something extraordinary. Support your employees to expect loyalty in return.
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