Organisational culture is turning out to be the last competitive advantage for businesses. One of the most important aspects of great organisational culture is engaged employees. Many studies have indicated the state of employee engagement and it doesn’t look good. One of the ways that organisations can increase employee engagement is by ensuring that they are engaged with their employees and recognise & celebrate good work. It is important to have a program for employee recognition that works. Some key characteristics of such a program are as follows: Catch them Doing something right: One of the habits that Sir Ken […]
EY recently announced the results of a Contingent Workforce Study that unearths key insights into the nature of the freelance or contingent workforce (the “gig economy”). Some of the key insights from the study regarding the future state of the Gig economy that they quote are as below: By 2020, 25% of organizations expect to use 30% or more contingent workers and the proportion using less than 10% will fall from 35% in 2016 to 22% in 2020. The gig economy is going to continue to grow, by 2020 almost one in five workers will be contingent workers. Two in […]
This post talks about how can corporations get ready to thrive in a world which is projects based and consultant driven.
Hiring the right people in your organisation is by itself a monumental task, but the process doesn’t end once the hire ins your organisation. It is extremely critical to train and engage these employees so that you can help them attain peak performance. Apart from this, you also need to have a strategy in place to retain your talent. And this is not HR departments responsibility. In fact, the responsibility of retaining the best employees rests with the CEO or the leader of the organisation. Table stakes Having a good compensation and benefits package is table-stakes. If you falter here, […]
Today I was travelling from Bangalore to Mumbai on an airline. I had a upgrade voucher that I used and got upgraded to Business Class. As soon as the flight took off, I realized that 6 of the 16 business class seats were un-occupied. That is such a waste of opportunity. The airline could have used this opportunity to delight at least 6 of their loyal customers. All the airline had to do was the following: Include the Frequent flier status/miles of the passengers in their manifesto. Once the boarding is completed and if there are vacant seats in the […]