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 […]
The Wirecard and Infosys Scandals are a Lesson on How NOT to Treat WhistleblowersWhat 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 […]
Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen MonksHow 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 […]
Why Indian Firms Must Strive for Strategic Autonomy in Their Geoeconomic StrategiesGeopolitics, 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 […]
Why Government Should Not Invest Public Money in Sports Stadiums Used by Professional FranchisesIn 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 plays an essential role in increasing efficiency of employees. Employees need to interact with each other more often to break the ice and feel comfortable at the workplace. Problems arise when information does not flow in its desired form. Effective communication facilitates free flow of information among employees and reduces misunderstandings and confusions. Effective communication ensures that everyone is on the same page.
Managers need to give correct download to their employees for them to deliver their level best. Employees need to understand what their superiors expect out of them. Employees should have the liberty to express their views and opinions, brainstorm ideas on a common platform to come up with unique solutions which eventually lead to an increased efficiency. Effective communication plays an essential role in motivating employees.
Managers need to interact with their team members on a regular basis for them to develop a sense of loyalty towards the organization. Make your team members feel important. Sit with them, give them correct feedbacks, guide them and help them deal with changes with a smile. Employees perform better when their grievances are addressed by their reporting managers.
Duplication of work decreases efficiency of employees. Team members need to communicate among themselves to find out what each one is up to? If you are working on a particular assignment, make sure your colleague is working on something else. Managers ought to interact with their subordinates to understand their expertise and interest levels. Delegation of work is one of the most crucial responsibilities of a team manager. Make sure work does not become a burden for your team members; else they would not stick around for a long time.
Remember, employees are human beings who need people around to talk to, share their happiness and discuss their problems as well. Gone are the days when superiors used to treat their team members as mere slaves. Do not stop your employees to speak to individuals representing other departments. There is no harm if one has friends at the workplace. After all, one spends the maximum part of his/her day at the office itself.
Individuals might not open up in front of their bosses but would definitely come up with their problems in front of their fellow workers. Let them gain from each other’s expertise and knowledge. Effective communication also reduces the stress levels and thus motivates employees to deliver their level best. Let them come up with their problems for you to help them find solutions.
As a manager, you need to know where all they are lacking and your guidance and assistance would help them perform better. Interaction is essential. Believe me, half of the problems evaporate when employees sit with each other and discuss issues on an open forum.
Employees should have the liberty to enter their boss’s cabin in case of queries. Only communicating through emails and messages is not enough to motivate an employee. Verbal communication is of utmost importance. Do not make your employees unnecessarily wait for your approvals. Call them, speak to them and immediately give them the go-ahead. Employees feel motivated this way and eventually yield better results and quality output.
Simple words like “Wow”, “Good Job Done”, “You can do it” go a long way in motivating the employees and increase their efficiency.
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