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 […]
Any individual who strives hard to accomplish goals and objectives of a particular organization is called as employee. Employees are hired to perform specific duties as per their specialization, interest areas and previous experiences. Employees earn their salaries in exchange for their hard work, labour, knowledge and expertise. It is rightly said that the success and failure of an organization depends on its employees. Employees are indeed the lifeline of an organization.
Management should know its employees well. You need to understand your employees and what they expect from the organization? How can you ignore someone who spends his/her maximum part of the day at workplace? Believe me, there are some organizations where managers don’t even know the names of their subordinates. Organizations of such kind always face problems like employee dissatisfaction, high attrition rate and frequent conflicts among team members and eventually fail to do well in the long run. How would you feel if someone addresses you by a wrong name or simply by “Hey or Mr. or Ms”? It is an absolute insult to an employee who is addressed by a wrong name.
As a manager; you need to know some basic details of your employees. Yes, you need to memorize the names of all individuals who are directly/indirectly reporting to you, their expertise, background, capabilities etc.
Management spends most of its time and energy in knowing the target customers, then why not know your employees as well who are so important for your organization? Employees who feel ignored at the workplace seldom contribute to the success of an organization.
Take out some time to sit with your team members to understand their expectations, interest levels, grievances or any other problems they face in their day to day operations and so on.
It is important for the managers to connect with their team members. You ought to have the contact numbers of all your team members with you. Wish them on their birthdays and anniversaries to make them feel special.
Trust me, knowing your employee not only strengthens your relationship with your team members but also make you a source of inspiration for them.
Let your employees know that you care for them. Make them feel valued. Find out what is important to them, understand where they see themselves five years down the line, know in which all areas they can contribute their level best.
Knowing employees not only helps managers extract the best out of staff members but also motivates them to perform exceptionally well everytime. As a manager, it is your responsibility to assist them in their day to day operations and help them achieve their goals and targets. You need to know what your employees are upto? A manager must be aware of the key responsibility areas and job responsibilities of all his team members.
Knowing your employee also enables you to have a control on your subordinate. If you yourself don’t know the job responsibilities of your team members, how can you expect them to respect and most importantly trust you. Find out whether they have any problems in the organization or not? Stand by them whenever they need your help.
Managers need to acknowledge the hard work of their employees to expect a brilliant performance from them always. Knowing employees gives them a sense of recognition at the workplace. One feels proud to be a part of the organization and eventually delivers his/her level best.
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