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Showing posts from May, 2022

Employee Retention

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In any organization, People have become very important stakeholders. But as the benefits take superseded loyalty and professionalism creep into the organizations and it becomes an unyielding task to retain talented people in the organizations (SRIVASTAVA & RASTOGI, 2008).  In this process Securing and retaining skilled employees plays an important role. And as employees’ knowledge and skills are the key factors to companies’ ability to be economically competitive. This confirms that employee retention is very important for the functioning and competitiveness of a company (Kyndt, et al., 2009). When there is a high employee turnover in an organization, it causes an increase in the resources cost, extra efforts and costs for new recruiting regularly, and the cost of time when having to replace major positions (SRIVASTAVA & RASTOGI, 2008).   Employee retention strategies became more and more important and majorly they will be considered an essential factor to b...

Employee Motivation

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Managers’ most challenging job is getting people to do their best work, even in trying circumstances. (Nohria, et al., 2008), stated that “deciphering what motivates us as human beings is a centuries-old puzzle”. Motivated and satisfied employees will have a committed approach toward organizational objectives and in return, the organization will also have to show similar commitment toward employee expectations. The HR of the organization can achieve this by creating an inspiring work environment that promotes and addresses employee requirements for development (VARMA, 2017). Most employees need the motivation to feel good about their jobs and perform preferably. Some employees are money motivated but some find recognition and rewards motivating them personally. Employee productivity directly impacts on Motivation levels within the workplace. Workers who are motivated and excited about their jobs are more productive and act with more responsibility to the best of their abilit...

Training and Development

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  Training and development is a systematic process initiated by the organization resulting in relatively permanent changes in the knowledge, skills, or attitudes of the members of the Organization (KRAIGER, 2003). To make a cohesive workforce and the measure of the loyalty to the company of its employees will vary with their motivation level. Training and development are effective ways of making the employee motivated. A company substantiated the need for continued support in employee training and demonstrated its effect on employee development. As an effective retention strategy, training and development are really important (Heathfield, 2008). Organizations can conduct training and development alignment with their employees according to their job content and assigned responsibilities. By looking at the job content of each employee and their responsibilities and considering those as an opportunity to expand the roles of the employees within the department in the company (Heathfi...

Rewards & Recognition

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For productive manpower, job satisfaction is really essential. In earlier days, the employees were satisfied with the extrinsic rewards, extra payments like incentives, overtime payments, and fringe benefits in their jobs  (Schultz, et al., 2012) . Nowadays employees have different needs & expectations with regard to satisfaction in their job roles. Job satisfaction is identified as a great retention tool commonly among all employees over the world  (Schultz, et al., 2012) . It indicates that the organization has to create different aspects for the employees, to balance their personal life and work-life to get the maximum deliverables from the employees while satisfying them. Few examples, high salaries, immediate values, KPI integrations, and instant gratification. Those will be identified as employee rewards to keep them retained with the company  (Schultz, et al., 2012) . As a common theory, there were many discussions held by presenting the link between the satisf...

Performance Evaluation

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  Organizations are in continuous improvement of their human resources (HR) processes to achieve business excellence, one of the most critical being employee performance evaluation, which includes assessing current performance, identifying high and low performers, and providing feedback to employees (FOGOROS, et al., 2020). In the field of performance management, Performance appraisal is a broadly discussed concept. The importance of the performance appraisal systems depends on the nature of the relevant business environment, which is set up according to the organizational (Idowu, 2017). Performance appraisal aims to recognize the current status of skills of the employees. A standard appraisal system is consist with a collection of data in which information is gathered from and then transferred into a real number which is called performance rate. The employees’ contribution towards the organization depends on the evaluation of the relevant employee’s rating (Shaout ...