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 […]
Management plays an important role in helping employees to prepare for the future. You need to motivate your employees not only to think about their present but also future. Make your employees realize the importance of taking future seriously.
Organize various training programs and seminars which would help them upgrade their knowledge and sharpen their skills. You need to make them understand as to why such programs would not only enhance their knowledge but also prepare them for the future.
If you feel just sending a mail to your employees and intimating them about the training is your job, you are sadly mistaken. In such a case, employees attend training programs out of compulsion and simply to mark their attendance.
Make sure training programs are relevant and would actually make a difference in their career.
It is the responsibility of the superiors to ensure employees are able to gain as much as they can from the speaker’s/trainer’s expertise.
The trainer’s profile needs to be impressive; else the audience would sit just for the sake of it. Do not invite any Tom Dick and Harry to train your employees.
Sit with your employees at least once in every week to find out where they are lacking and where all they need improvement. No one except the employee himself knows what all additional skills and knowledge would help him perform better in future.
It is the responsibility of the superiors to monitor their team member’s performances. Give them the correct feedback.
Remember, preparing them for the future does not mean the individual concerned would move on but ensure he/she becomes an asset for the organization. Moreover, it is the moral responsibility of every organization to look after the career growth of all individuals associated with the same.
Encourage your employees to inculcate the habit of reading. Rather than spending the entire day on Facebook and Twitter, it is always beneficial if they register themselves with various sites which would provide them ample information about the latest technologies and upcoming developments or changes in their respective fields. Employees tend to follow their superiors in whatever they do.
Be an inspiration for your team members. Ask your technical team to give a presentation say once in a month on what all new softwares and technologies they feel would make their lives easier in the near future. By doing so, you are actually motivating them to at least go through related websites; else they would never find the time. The marketing team can be asked to prepare few slides on innovative sales strategies which would not only double but triple the sales.
Give them additional responsibilities from time to time. This way, they will learn to handle pressure which would eventually benefit them in the near future. You need to trust them and believe in them. Let them commit mistakes. Trust me, they would learn from their mistakes. Once they are in the system for say a year, let them handle a team. Remember, handling a team and also making them work is not a cakewalk. You need tremendous patience for the same.
Encourage them to see the positive sides of things. It is the responsibility of the management to make their employees tough and guide them not to mix their personal and professional life. Teach them not to take things too seriously. As you grow in life, responsibilities do increase, but if you fail to enjoy your work, you will soon end up being frustrated and demotivated. Employees must be taught to lead from the front. Make them independent, it would help them do well in future.
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