Category: HR & People Management

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HR & People Management

Human Resources – 10 Reasons to Invest in HR

Importance of HR in Company.
Importance of HR in Company.

Investing money in the human resources (HR) department is essential for several reasons that contribute to the overall success and sustainability of an organization.

Let me share a story to illustrate the importance of investing in the human resources department.

Once upon a time in a bustling town named Prospera, there was a thriving company called XYZ. XYZ was known for its innovative products and services, but its success wasn’t just a result of cutting-edge technology. The company’s leadership understood the value of investing in its human resources department, and this commitment became evident in a tale that unfolded within its walls.

In the early days of XYZ, the HR department was often overlooked and considered a mere administrative necessity. However, as the company grew, the leadership realized that its greatest asset was not just the technology it developed, but the people driving that innovation.

One day, the CEO, Mr. ABC, took notice of a concerning trend – a decrease in employee morale and downfall in turnover. Worried about the impact this could have on productivity and the company culture, Mr. ABC decided to reevaluate the role of the HR department.

He brought in a dynamic HR director, Ms. PQR, who understood the importance of nurturing a positive work environment. Ms. PQR implemented various initiatives to enhance employee engagement, starting with regular communication channels and feedback sessions. She introduced training programs to help employees develop their skills and provided resources for career growth within the company.

As time went on, the positive changes in XYZ became evident. Employee satisfaction increased, and the turnover rate increased significantly. The company began to attract top talent, and existing employees became enthusiastic advocates for the company culture.

One day, a major crisis hit the tech industry, affecting many companies, including XYZ. The resilience of the company, however, lay in its strong workforce. Employees felt a sense of loyalty and commitment, knowing that XYZ cared about their well-being and development.

In the end, XYZ not only weathered the storm but emerged even stronger. The investment in the human resources department had paid off, as the company retained its talented employees, maintained a positive culture, and continued to innovate in the face of challenges.

Here are some key reasons why such investments are crucial:

  1. Talent Acquisition and Retention: HR professionals play a vital role in attracting and retaining top talent. Investing in recruitment strategies, employee benefits, and professional development programs helps the organization build a skilled and motivated workforce.
  2. Employee Engagement and Satisfaction: An engaged and satisfied workforce is more productive and committed. HR departments invest in creating a positive work culture, conducting employee engagement surveys, and implementing initiatives that enhance job satisfaction, resulting in higher retention rates.
  3. Training and Development: Continuous learning and development are crucial for employee growth and adaptation to evolving job requirements. Investing in training programs, workshops, and educational resources helps employees acquire new skills and stay relevant in their roles.
  4. Conflict Resolution and Employee Well-being: HR professionals handle conflicts, grievances, and issues within the workplace. Investing in HR ensures that there are mechanisms in place for effective conflict resolution, promoting a healthy work environment and prioritizing employee well-being.
  5. Compliance and Risk Management: Employment laws and regulations are ever-changing. HR departments ensure that the organization complies with legal requirements, minimizing the risk of legal issues. This investment helps avoid penalties and fosters a reputation as a responsible employer.
  6. Diversity and Inclusion: Embracing diversity and fostering an inclusive workplace is crucial for innovation and creativity. HR investments in diversity and inclusion initiatives contribute to a more dynamic and representative workforce, which can lead to improved problem-solving and decision-making.
  7. Succession Planning: Preparing for the future is essential, and HR plays a role in succession planning. Investments in identifying and developing potential leaders within the organization ensure a smooth transition of responsibilities and maintain continuity.
  8. Technology and HR Systems: Investing in modern HR technologies and systems streamlines processes, making HR functions more efficient. Automated systems for payroll, benefits administration, and employee data management contribute to overall organizational effectiveness.
  9. Brand Image and Reputation: A well-managed HR department contributes to a positive employer brand and corporate reputation. A company known for valuing its employees is more likely to attract top talent and maintain positive relationships with clients, customers, and other stakeholders.
  10. Adaptation to Change: In a rapidly evolving business environment, HR helps the organization adapt to change. Whether it’s a restructuring, mergers and acquisitions, or technological advancements, HR investments ensure that employees are supported through transitions.

In summary, The story of XYZ teaches us that investing in the human resources department is not just a financial commitment; it is an investment in the heart and soul of the company. A well-cultivated workforce contributes to a resilient and thriving organization, capable of navigating challenges and sustaining success over the long term.

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HR & People Management

Time is Money: Maximize Your Productivity with Time Management

time is money
Time is Money

Time management is the process of organizing and planning how much time is spent on various tasks and activities to maximize productivity and achieve one’s goals. It involves setting priorities, creating a schedule or to-do list, and allocating time for specific tasks and activities.

Effective time management helps individuals to be more efficient with their time, reduce stress and avoid procrastination. It can also lead to increased productivity, better decision-making, and greater satisfaction with one’s work and personal life.

Some common techniques for time management include prioritizing tasks based on their importance and urgency, breaking down larger tasks into smaller, more manageable pieces, and using tools such as calendars, timers, and reminders to stay on track.

Why Time Management is Important?

Time management is essential for anyone who wants to be productive and achieve their goals effectively. Here are some reasons why time management is important:

  1. Increases productivity:
    By managing your time effectively, you can get more done in less time. This allows you to be more productive and accomplish your tasks more efficiently.
  2. Reduces stress:
    Proper time management helps to reduce stress levels. When you manage your time effectively, you can avoid procrastination, meet deadlines, and complete tasks on time. This reduces the pressure and stress associated with rushing to complete tasks at the last minute.
  3. Improves decision-making:
    When you have a clear understanding of how you spend your time, you can make better decisions about how to prioritize your tasks. This allows you to focus on what is most important and make better decisions about how to allocate your time.
  4. Enhances work-life balance:
    Effective time management allows you to achieve a better work-life balance. By managing your time properly, you can ensure that you have enough time for work, family, and personal pursuits.
  5. Helps achieve goals:
    Time management is critical for achieving your goals. By setting clear objectives and allocating your time appropriately, you can work toward your goals more effectively and efficiently.

Time management is essential for everyone, including the common man. Managing your time effectively can help you accomplish your goals, reduce stress, and improve your overall productivity and well-being.

Here are some tips on how to manage your daily schedule:

  1. Make a to-do list:
    Write down everything you need to do in a day, including appointments, tasks, and errands. Prioritize the items on the list based on their importance and urgency.
  2. Set realistic goals:
    Break down your tasks into smaller, manageable tasks that you can accomplish in a specific time frame. Be realistic about how much you can achieve in a day.
  3. Schedule your day:
    Use a planner, calendar, or digital tool to plan your day, allocating specific times for each task. Try to group similar tasks to maximize your productivity.
  4. Eliminate distractions:
    Minimize distractions such as social media, email, or phone notifications. Turn off your phone or put it on silent mode if possible.
  5. Take breaks:
    Take regular breaks throughout the day to recharge and avoid burnout. Use this time to stretch, meditate, or take a walk.
  6. Review and adjust:
    At the end of each day, review your to-do list and assess your progress. Adjust your schedule for the next day accordingly.

By implementing these time management strategies, you can maximize your productivity and achieve your goals more effectively.

In summary, time management is essential for productivity, reducing stress, improving decision-making, achieving a better work-life balance, and achieving your goals.

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HR & People Management

Salary Negotiation Tips to Help You Reach Your Goals

Negotiation Tips
Salary Negotiation Tips to Help You Reach Your Goals.

Negotiating your salary is important because it can impact your financial and professional well-being. Negotiation is a skill in the modern world that can fetch many fruitful results not only for your salary but in your daily life as well.

“Salary negotiation is the process of discussing and reaching an agreement on the compensation you will receive for your work.“

You can learn some key elements of negotiation by watching this video by Dr. Vivek Bindra:

Why Salary Negotiation is Important?

Salary negotiation is important for several reasons:

  1. Fair compensation:

    Negotiating your salary allows you to ensure that you are being fairly compensated for the work that you are doing. It can help you avoid being underpaid and ensure that you are earning what you deserve.

  2. Career growth:

    Negotiating your salary can also have a positive impact on your long-term career growth. By earning a higher salary, you can save more money, invest in yourself through education or training, and even take on more responsibility at work.

  3. Confidence building:

    Salary negotiation can help you build confidence in your abilities and value as an employee. It can also help you develop your communication skills, which are essential for career advancement.

  4. Setting a benchmark:

    Negotiating your salary can also help set a benchmark for future negotiations. If you accept a low salary now, it may be more difficult to negotiate for a higher salary in the future.

Overall, salary negotiation is an important part of career development and can have a significant impact on your financial and professional well-being.

Here are 5 Tips that will help you in negotiating well and reaching to the point of your desired salary:

  1. Research and prepare:

    Before negotiating your salary, it’s important to do your research and gather information about the industry, job market, and the specific company you work for or are interviewing with. This will help you understand what the typical salary range is for your position and give you a better idea of what to ask for.

  2. Know your value:

    It’s essential to know your worth and the value you bring to the company. Make a list of your skills, accomplishments, and contributions to the organization. Highlight how your skills and experience have helped the company grow or succeed. This will give you the confidence to negotiate a higher salary.

  3. Practice your pitch:

    It’s important to practice your pitch and have a clear idea of what you want to say during the negotiation. Be assertive but respectful, and make sure to emphasize the value you bring to the company. Consider rehearsing with a friend or family member to get feedback and build confidence.

  4. Be flexible:

    While it’s important to have a specific salary range in mind, it’s also important to be flexible during the negotiation process. Consider other forms of compensation, such as stock options or bonuses, that may be beneficial to you. Be open to compromise and finding a solution that works for both you and the company.

  5. Don’t be afraid to walk away:

    If the negotiation doesn’t result in a salary increase that you find acceptable, it’s okay to walk away. Remember that you have value and other job opportunities available to you. Don’t be afraid to advocate for yourself and your worth.

Remember that negotiating your salary is an expected part of the job search and hiring process. By preparing beforehand and advocating for your worth, you can increase your chances of receiving fair and equitable compensation.

You can tell us your thoughts and suggestions about this article by commenting below. If you are looking for ways to start earning money or want to multiply your current income, you should register for the ANYBODY CAN DEFINITELY EARN Webinar by Dr. Vivek Bindra right now.

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HR & People Management

9 Worst HR Policies Which Should Have Been Removed Long Back!

9 Worst HR Policies Which Should Have Been Removed Long Back!
9 Worst HR Policies Which Should Have Been Removed Long Back!

Contrary to the common notion, a human resource department is a crucial part of every organization. Many believe that the human resource department is a liability; however, the success of an organization depends on it. Hunting and recruiting the right candidates while keeping the current employees happy to maintain all the records is no easy task. And we surely respect them for carrying out all critical tasks so smoothly. However, there are some HR policies that not only do not make any sense but are also downright unethical.

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Here are nine of them that we think should have been removed from the HR policies long back:

1. Three Month-Notice Period

If you are working with a multinational company, you must be aware of this policy. A notice period of more than 30 days is considered to be unethical by employees who are willing to leave the organization for some reason. When companies hire a new candidate, they expect him or her to join immediately. Hence, they should not make their employees serve a notice period of three months.

2. 45 Days for the Full & Final

When an employee decides to leave an organization, he or she does not receive a month’s salary, thanks to an F&F of 45 days. The period of 45 days is completely unjustified as the process can be taken care of in less than 45 days. The forty-five days might still be okay, but when that duration increases and becomes 60 days then it becomes a problem. On top of that, no response from HR despite continuous emails and calls makes the entire experience even worse. If there’s a system that needs to be followed by every employee, it’s HR’s responsibility to ensure that that system is being followed.

3. Fixed Time for Coffee & Loo Breaks

Now there is a reason why the act of going to the washroom is called “Nature’s call”. It simply means that humans have no control over it and should address the call wherever and whenever it is required. The HR policy to put a tab on coffee and loo breaks should be termed illegal. An employee is a full-grown adult and it is extremely annoying to be told how many times they are allowed to use the washroom.

4. Unfavorable Leave Policy

Where some companies allow their employees to take a few days off, with the managers being understanding and accommodating towards their teammates, some companies treat their employees like criminals when they ask for a leave. Well, if an employee is entitled to have annual casual and sick leaves, they should also be allowed to utilize them. The unfavorable leave policy should be removed for a healthy work culture and work-life balance.

5. Working Weekends

Weekend…..what weekend? There is a thing called work-life balance, but sadly many organizations do not understand the concept of giving their employees a day off to enjoy family time. It is not surprising that millennials are frustrated and are suffering from depression and burnout due to workload. Asking your employees to work on weekends or anytime which is not their official working hours, without even compensating them for the same, is unethical.

6. Terminating an Employee For Being Late

If you have not been living under a rock, you must remember the incident when a man got fired for being 20 minutes late for the first time in 7 years. Yes, this is the injustice we are talking about. If companies expect their employees to work for late hours just to show their dedication, they should also expect that a person can be 20 minutes late. RIGHT?

7. Offering Less Salary to Prospective Employees

If you have ever received a call from the recruiter, you must be aware of how HRs talks when it comes to disclosing salary information. It is more of a practice than a policy, but either way, it is not conducive to a person’s growth. When you have a talented prospect that perfectly fits the bill and surpasses all your criteria and asks for a salary that comes under your budget bracket, then it doesn’t make sense to offer a lower salary without disclosing the budget.

8. Firing Someone for Moonlighting

What an employee does outside their working hours should not be a concern for any organization (except if they are indulged in criminal activities). A couple of weeks ago, Wipro terminated more than 300 employees because of moonlight. Moonlighting is a term used for employees who have taken on additional projects through freelancing. Of course, employees should not trade company secrets or policies with direct competitors. But other than that a company should mind its own business.

9. Making Employees Pay for Breach of Employment Bond

First of all, it is completely illegal to make anyone sign a bond. On top of that making, your employees pay for breaking the employment bond is completely unethical. No employer can ask employees to pay for breaking the employment bond if they haven’t incurred any expenses in the special training of an employee.

These HR policies do more harm than good to employees who are investing their 9-10 hours in the growth of an organization. We believe these policies should be removed, what do you feel? Share your thoughts with us in the comment section.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses. To know more, visit:www.badabusiness.com

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HR & People Management

5 Tactics To Retain Top Performing Employees In The Organization

5 Tactics To Retain Top Performing Employees In The Organization
5 Tactics To Retain Top Performing Employees In The Organization

Summary: The great resignation is an opportunity for employers and businesses to reassess, re-engage, and redefine strategies and make them more employee-friendly.

The time that we all have spent during the pandemic working remotely has played a key role in the revolution of ‘The Great Resignation.’ It has given some time to the people involved in a rat race to think about their work-life balance in a way never before possible.

According to an estimate, around 4 million workers per month are quitting their jobs. This is a revolution that is causing great disruption across the globe. While many companies, business coaches, corporate trainers, and leaders are trying to address the problem, many will continue to struggle because they don`t understand the reason behind their employees leaving in the first place.

The majority of the workers are quitting their jobs because of low pay, lack of growth opportunities, toxic culture, and feeling disrespected. Employers and leaders should look at this as a challenge and start reassessing, redefining, re-engaging, and adjusting direction by using the following strategies:

1. Begin By Hiring the Right People

Hiring a person who aligns with your company`s goal and core values typically leads to long-lasting, mutually beneficial hires. It helps to build a team that can work together and employees who feel valued and share values with the company they work for are more likely to stay. Quick or bad hiring practices will leave you in a sticky situation where you will be subject to more resignations.

2. Show Genuine Appreciation

According to one report published in Mckinsey, employees want to feel valued by their managers and their company. Of course, they seek sufficient pay, benefits, and perks, survey data shows that it’s the appreciation and respect that they want from their seniors.

The best motivational speaker in India– Dr. Vivek Bindra says, “Every action which is appreciated, gets repeated.” But how do you show appreciation? If your team is handling a challenging project, send personalized “thank-you” gifts to every member. While people do like bonuses, the key is linking the gift with genuine appreciation. If your employees are feeling burn-out, close the office for an unplug-and-recharge day.

3. Offer Training

Training and professional development are two important keys that can help an employee to grow in his career. You can arrange a few sessions with a business motivational speaker or can provide online training and other coaching tools that can prove to be effective in showing your team members that they are valued. It will not only increase the person`s value but will also their career marketability.

4. Be Generous with Pay & Benefits

Many companies in India still do not feel comfortable with the idea of giving their employees a ‘five-day-working’ culture because they feel why they should pay to give their employees paid offs. However, this is the worst mistake that they can do. Many employees often leave their companies not because of the better pay but because of work-life balance.

Also, offering competitive salaries and benefits packages will give you a fighting chance to land and retain top-performing employees. Practices like bonus plans, compensation reviews, and annual benefits will ensure that your top talent feels appreciated.

5. Offer Work-Life Balance & Flexibility

Thanks to the pandemic, many companies have adopted a “productivity over time in the office” philosophy. However, many companies still have not learned about the hybrid work culture. This is one of the major reasons behind employees quitting their jobs. Adopting a hybrid culture can be a major factor in retaining staff.

While organizations will always face a percentage of resignations each year, smart and committed companies can take real steps, including the ones mentioned above, to overcome the “Great Resignation” by valuing, inspiring, engaging, and retaining employees — especially top performers.

The idea of managing a business is easier said than done and we completely agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses.

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HR & People Management

Build High-Performing Team With These 4 Simple HR Practices

Build High-Performing Team With These 4 Simple HR Practices
Build High-Performing Team With These 4 Simple HR Practices

Companies that invest in their human capital achieve their business goals and promote a positive culture. A study by Darwish, T.K., Singh, S., & Mohamed, A.F. (2013) and Huselid, M.S., Jackson, S.E., & Schuler, R.S (1997) published in Forbes indicates the importance of aligning human resource strategies to achieve business goals and improved business performance.

Your business may face severe consequences because of the lack of skills and knowledge. But it is entirely unrealistic to build a successful business without building people, especially in a startup.

So whether you are a solopreneur, an entrepreneur, or a wantrepreneur, if you want to create a professional and efficient culture in your company, here are three best HR practices that will guarantee a more productive culture in your organization:

1. Find the Right Fit for the Right Role 

Wrong hiring can harm an organization in the long term. Along with the essential skill set and a positive mindset, it is also crucial to consider the cultural fitment of the candidate.

Hiring the right candidate with a positive approach can help to create a culture in the organization where everyone feels welcome and participate.

Ensuring that the purpose of the position is met with the desired candidature of the job applicant is very important. It provides personal and professional aspirations are being met. Select people who are self-motivated, goal-oriented, talented, and driven by passion and also share your vision. An improved and enhanced team will remain motivated. This will eventually accelerate your business growth.

2. Build Employee-friendly policies

The employees should be empowered to mold their work environment within the defined boundaries. Also, a set of policies that limit the border within which it is to be carried out should be defined clearly.

The Policy or the handbook forms the foundation of the agreement on service conditions with the hiring candidate. This needs to be signed during the acceptance of the offer, and every time the request is amended. You also consult with a business motivational speaker to keep your team inspired.

Looking for a bit of expert advice on building a high-performance workforce? Click here:

3. Create a Performance-driven culture 

Business owners who invest in their employees, in turn, invest back in the business. Performance drives the success of any organization.

An agile and motivated man force is every organization`s biggest strength. Whether you are an entrepreneur or an HR working in a large organization, it is necessary to ensure that your staff members are delighted with their role in the organization. You can conduct a training session from time to time and a session with the best motivational speaker in India, Dr Vivek Bindra, to increase your team’s productivity.

Employees should clarify their current job role and growth opportunities as ambiguity can lead to non-performance. Encourage your employees to do self-evaluation. Try to nip the problems at the early stages.

As an entrepreneur, you must retain good employees and promote growth within the organization by making the entire staff skilled. An employee’s development could be vertical as well as horizontal. Make your employees trained and more capable.

One of the most standardized and joint initiatives that entrepreneurs can implement is new employee orientation. An orientation program will inculcate a sense of commitment in the employees and encourage a sense of ownership.

4. Conduct Systematic Performance Review  

If the business size is small, it is advised to have a systematic performance review. A quarterly performance check would make more sense in a startup. If you want to scale up your business and promote its growth, be honest about the performance.

The idea of managing a business is more straightforward said than done, and we agree with you. This is why to help you move forward with your business goals, we at Bada Business offer an exclusive Business Coaching Program that comes with Foundation courses, specialized courses, and value-added courses.

To know more, visit: https://www.badabusiness.com/

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HR & People Management

3 Soft Skills Every Company Looks In A Candidate While Hiring!

3 Soft Skills Every Company Looks In A Candidate While Hiring!
3 Soft Skills Every Company Looks In A Candidate While Hiring!

People often spend their entire lives honing their industry-related skills. But they often miss out on developing soft skills. Soft skills are how an employee interacts and relates with other people. These are the traits that involve teamwork, listening, and communication and are extremely valuable to employers.

Do you want to know how to get your dream job? Here are the 10 best tips to get your dream job:

Whether you are a fresher who has just graduated from college, a mid-career professional who is looking to take a leg up in your career, or a working professional looking to secure your next promotion; there are few important soft skills you will need to achieve your career goals.

Though the importance of hard skills can`t be neglected, soft skills are priceless. Where hard skills are teachable and easy to quantify, an employee must cultivate soft skills as well. If employees don’t have these basic soft skills, it can hurt the overall success of the company.

Here are three soft skills that must possess if you are looking to accelerate your career:

1. Positive Mindset

Failures and setbacks are part of life. But how you choose to get past them is what determines your success. It is the ability to bounce back in the face of obstacles and failures that help you succeed.

Professionals with a growth mindset are highly motivated to achieve higher levels of success by continuously learning new skills to keep pace with a changing market. You can listen to the best motivational speaker in India Dr. Vivek Bindra to learn how to develop a positive mindset.

2. High Emotional Intelligence

Managing work-related roadblocks by producing innovative solutions requires a positive mindset and a creative approach. Building meaningful relationships in the workplace is one of the most important skills. It is also important to be curious and passionate about learning new skills so that you can give your best performance and distinguish yourself.

3. Curiosity to Learn

The ability to grasp and learn new things is another important soft skill of the 21st century. Whether you are an entrepreneur, solopreneur, or a job-seeker, it is this one skill that will keep you ahead of the crowd.

The illiterate of this century is not someone who does not know how to read and write, but a person who is not willing to learn, unlearn and relearn. In this fast-paced world where new trends fade as quickly as they emerge, success is more about adapting your skills by growing and adapting and less about what you already know.

There are many other skills that hiring professionals look for in a candidate. But the three soft skills that are mentioned above are in great demand. Showcase your positive attitude and the skills above by mentioning times when you took the initiative to learn a new skill to improve your performance.

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HR & People Management

3 Effective HR Practices Every Organization Must Adapt

3 Effective HR Practices Every Organization Must Adapt
3 Effective HR Practices Every Organization Must Adapt

We all have heard about the old metaphor, “jack of all trades and master of none”. But the fallacy of this idiom does not fit in the modern world. In doing so, it may lead entrepreneurs to make costly mistakes in terms of money and time.

Not only will your business face some serious consequences because of the wrong hiring. But it is completely unrealistic to build a successful business without building people, especially in a startup. Companies that invest in their human capital achieve their business goals and promote a positive culture.

So whether you are a solopreneur, an entrepreneur, or a wantrepreneur if you want to create a professional and efficient culture in your company, here are three best HR practices that will guarantee a more productive culture in your organization:

1. Find the Right People

The hiring of the wrong candidate is detrimental to the startup business. Ensuring that the purpose of the position is met with the desired candidature of the job applicant is very important. Hence, along with the essential skill set and a positive mindset, it is also crucial to consider the cultural fitment of the candidate.

Hiring the right candidate with a positive approach can help to create a culture in the organization where everyone feels welcome and participate. Select people who are self-motivated, goal-oriented, talented, and driven by passion and also share your vision.

2. Build Employee Centric Policies

The employees should be empowered to mold their work environment within the defined boundaries. Create a set of policies that defines the boundary within which it is to be carried out staying in alignment with the values professed by the organization.

You can also create a policy. The Policy or the handbook forms the foundation of the agreement on service conditions with the hiring candidate. This needs to be signed during the acceptance of the offer and every time the offer is amended.

3. Develop a Performance-driven culture

When you invest in a financial scheme, you get returns! Similarly, when business owners invest in their employees, they, in turn, invest back in the business. Performance drives the success of any organization.

An agile and motivated workforce is every organization`s biggest strength. Whether you are an entrepreneur or an HR working in a large organization, it is necessary to ensure that your staff members are fully satisfied with their role in the organization.

Employees should have clarity about their current job role and growth opportunities as ambiguity can lead to non-performance. Encourage your employees to do self-evaluation. Try to nip the problems at the early stages.

One of the most standardized and common initiatives that entrepreneurs can implement is new employee orientation. An orientation program will inculcate a sense of commitment in the employees, and thereby encourage a sense of ownership.

If the business size is small, it is advised to have a systematic performance review. A quarterly performance check would make more sense in a start-up. If you want to scale up your business and promote its growth, be honest about the performance.

Creative ideas, proactive solutions, emerging trends, and innovation stems out of a fully engaged workforce and not otherwise. Looking for a bit of expert advice on how to build a high-performance workforce? Watch here :

You can also take LFP Bada Business which will provide in-depth knowledge from starting a startup to expanding your business. Learn from the top industry leaders on the front line. To know more click here: www.badabusiness.com.

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HR & People Management

6 Effective Ways HR Can Help Create A Sustainable Company Culture

6 Effective Ways HR Can Help Create A Sustainable Company Culture
6 Effective Ways HR Can Help Create A Sustainable Company Culture

Whether it is a startup or a big organization, solid company culture is the key to success for the business. Having a healthy company culture determines how engaged your employees are and for how long you can retain them. And one department that plays a vital role in maintaining company culture is its Human Resource Management.

In simplest terms, how a company performs is directly related to how well HR empowers employees to give their best at whatever they do. The pandemic has taught entrepreneurs many harsh lessons, but chief among them is that if you don`t take care of your employees, they won`t take care of your business.

An HR professional`s job is to develop and maintain a company culture that is sustainable for the long run. Hence, the HR department needs to enhance a company`s culture that makes every employee come to the workplace every day.

So how can Human Resource department help to create a sustainable company culture? Here are five ways to do that:

1. Be Proactive

The major role of the HR professional is to be an active organizational culture consultant to the teams. HR professionals need to analyze and understand the current company`s culture. Post that they should come out with a strategic cultural plan that also aligns with the organization`s values and goals and then collaborate with leaders to enhance and implement the plan.

2. Define & Communicate Clearly

HR leaders need to define a clear understanding of sustainable company culture. What does it mean? How can they improve on it? How is it measured? What role will leaders play? How will employees have an impact?

Once it is defined, they must involve everyone at all levels in the communication. Developing and fostering a transparent environment engages both employees and leaders in ownership of achieving these goals.

3. Make Employees an Integral Part

HR leaders must foster a company culture that was derived from employees` feedback, and not from something that they heard at a round table conference held inside the ac rooms. Just like every individual is different, each company`s culture is different. Hence, the Human Resource management must include employees when deciding how to build a culture in the company that can contribute to their as well as the organization`s success.

4. Enable Strategic Alignment

The HR department can play a pivotal role in an organization when it comes to building roles and sustaining a company`s culture. They can consult and collaborate with the leadership to align the organization`s mission, vision, values, and core principles with the performance management process.

They can also encourage leadership to cultivate recognize and reward programs to reward positive behaviors. Lastly, HR should be a great role model, easily approachable, and should coach other leaders.

5. Identify Key Areas

It is vital for HR to identify the best practice areas of focus that can help to cultivate and promote the desired culture. Once it is clear and defined, HR needs to assure the value proposition for the change is clear. It simply means that the leaders and the employees must have a clear idea about what`s in it for the company and the employees.

A company`s culture is defined by the environment and how it feels when you walk through the door and interact with employees. To build and maintain a sustainable culture that feels positive and empowering takes the whole village.  Hence, it is the responsibility of the HR department to talk to the top management leaders and remind them how business decisions are perceived.

6. Find & Retain the Right People

A company`s culture is composed of people. People make the culture in a company. No matter how capable leaders or the operational processes are in place, if the right people are not hired, the organizational goals will never manifest into reality.

The sacred and the foremost duty of HR professionals is to help managers bring in the most compatible candidates, maintain open communication, recurrent feedback, proper documentation for the rights ones, and protections in place for when the wrong ones need to be sent out of the door.

If you are an entrepreneur and feel that you do not need an HR professional, you couldn`t be farther from the truth. HR is the glue that helps to stick every department of a company together.

If you want to start a startup, you can take our ‘Entrepreneurship course’. This course is an online business course that prepares you to face the challenges of the business world. It also helps you to build a startup from the scratch.

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HR & People Management

After Infosys and Reliance, OYO Hotels & Homes To Cover Cost of COVID-19 Vaccine of Its Employees, Families in India

OYO (Photo Credits: Wikimedia Commons)

OYO Hotels & Homes will cover the cost of novel coronavirus vaccines of all its employees in India and their family members, the hospitality major announced on Thursday. In a statement, the company said that its employees and their families can get the vaccination at any vaccination centre convenient to them. The company would compensate in full, it added. COVID-19 Impact: 5 Tips to Help Your Businesses Recover from Coronavirus Pandemic.

“As part of our commitment to keep our employees and their families safe and show our gratitude to them, we are happy to facilitate the cost of their Covid-19 vaccinations. We encourage employees to take the vaccine after reading up about its benefits and making an informed decision,” Dinesh Ramamurthi, Chief Human Resources Officer (CHRO), OYO Hotels & Homes said.

“We have always believed in providing equal opportunities to everyone irrespective of their age and gender and our new gender-neutral parental policy is a testament to us levelling the playing field both at home and at work,” he added. Business Confidence in India Improves As Economic Activities and COVID-19 Vaccination Drive Gathers Pace: NCAER Survey.

Earlier, companies such as Infosys, Tata Consultancy Services (TCS), Reliance Industries (RIL) and Accenture have also said that they will cover the vaccination costs for their employees.