11 Powerful Quotes Of Indra Nooyi On Leadership Success
From a quiet young girl in Madras (known as Chennai today) to becoming a ferocious leader in the boardroom, Indra Nooyi is the former Chairman and CEO of PepsiCo. Her journey showcases her persistence, passion, determination, and her hunger to achieve something big in her life that led to her huge transformation.
Here are eleven powerful quotes from the “Dragon Woman” Indra Nooyi that will help you become a successful business leader:
1. As a leader, I am tough on myself and I raise the standard for everybody; however, I am very caring because I want people to excel at what they are doing so that they can aspire to be me in the future.
2. I’m very honest – brutally honest. I always look at things from their point of view as well as mine. And I know when to walk away.
3. I pick up the details that drive the organization insane. But sweating the details is more important than anything else.
4. The distance between number one & number two is always constant. If you want to improve the organization, you have to improve yourself and the organization gets pulled up with you.
5. The one thing I have learned as a CEO is that leadership at various levels is vastly different. As you move up the organization, the requirements for leading that organization don’t grow vertically; they grow exponentially.
6. CEOs and leaders have to be life-long students. Not just students in the sense of attending courses or reading a book. You’ve got to learn how to read widely, walk the market, look at the trends in the marketplace, and make connections that don’t seem obvious. And start painting pictures of what the future could be. Then watch the consumer behaviors.
7. Most importantly, we want to create a company where every employee can bring their whole self to work.
8. Please help others rise. Greatness comes not from a position, but from helping build the future. We should pull others up.
9. Take a stand. Be known for your courage and confidence.
10. Bring together what is good for business with what is good for the world.
11. Whatever anybody says or does, assume positive intent. You will be amazed at how your whole approach to a person or problem becomes very different.
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 about our courses, visit: www.badabusiness.com
8 Powerful Yet Hard Truths That Will Change Your Life!
“Life is what you make of it”- we must have come across this adage millions of times, however, only a few of us must have understood the true meaning behind these golden words. Whether you are looking to achieve your professional goals or personal goals, understanding the mysticism of the universe and how it works can surely help you to become successful.
Many entrepreneurs want to turn their startup business into a large venture. But due to a lack of guidance and the inability to have the right mindset they seldom succeed in taking their business to the next level. While there are many business motivational speakers in India, very few small business owners and entrepreneurs think about consulting them. However, working with a business coach can yield fruitful results in the long term.
A good business mentor will not only guide you with their years of expertise that they have experienced first-hand but can also help you to navigate the uncertainties of the business world. Many people often give up easily as soon as the situations begin to go haywire. But only with consistency and determination, you can fulfill your dreams.
On World Mental Health Day, let us give you eight golden truths that might shake you, or might hit you differently, but will bring you closer to the reality of life.
1. Consistency = Success
If you type the word ‘Success’ on Google, you will come across thousands of articles talking about tips and tricks and smart hacks to become successful in your life. From making small changes in your routines to big changes in your lifestyle, you will come across various tips claiming to produce guaranteed results.
But truth to be told, success is 5% brains and 95% consistency! Often people try to achieve something but give up soon. Others do not even attempt to achieve because they think they are not equipped with the required skills or knowledge. However, it is the consistent efforts and determination of a person that helps him win the race. You can watch some of the most amazing videos by Dr. Vivek Bindra- the best motivational speaker on how to create and set your goals.
2. Energy Flows Where the Focus Goes
Your energy and focus can make anything possible. And hence, you must focus your attention and channel your energy in the right place. Finding multiple time management tips will not help unless you figure out what are the activities that are taking up most of your time.
Most often people waste a lot of their energy on overthinking and meaningless relationships which are not at all constructive. Another thing on which the majority of people waste their energy and time is social media platforms. Although social media platforms also have lots of benefits, very few take advantage of it. So, before you start trying to find out excellent time management tips to increase your productivity, try to stop your time and energy from leaking from these three cracks.
3. Lack of Self-Awareness is the Most Dangerous Flaw
To evolve and grow in life, it is very essential to be self-aware. When you know what your strengths and weaknesses are; only then you can try to be a better version of yourself. However, one of the most dangerous flaws is the lack of self-awareness. If someone can’t tell you what their flaws are, they can never outgrow them.
4. Invest Your Money Before Spending it
In today’s world, people try to impress the people they don’t like by purchasing the things that they don’t need by spending money they don’t even have. The irony of this situation is that many people die while paying their debts and installments.
Hence, it is very important to have your finances in place. If you spend more than you earn to buy the things that you don’t even need, you will end up struggling for money. Always invest your money in buying assets or investment plans that generate income.
5. Actions Speak Louder Than Words
People often boast about the kind of person they are or about their character. But actions speak louder than words. A person’s ability to resist material things speaks volumes about their character rather than their ability to obtain them. The things that you possess say a lot about the kind of person you are in real life.
Many entrepreneurs often use their profits in buying expensive cars and other luxurious things instead of investing in their business growth. This can stall the progress of their business and might result in limited business operations.
6. Know When to End Partnerships & Relationships
Sometimes the things that we tend to hold for a long time are the things that stop our growth- professionally and personally. Many times entrepreneurs carry the baggage of partnerships with investors and clients just because they have been friends for a long time.
However, know that it is not the duration of a relationship or a partnership that matters, but the quality of it. How much value is it bringing to the table? Is it helping you to keep your mental peace or you are struggling hard to keep it going? Analyze it closely and know when to forge new partnerships and when to end them.
7. People Pleasing Can Cost Your Self-Worth
Whether you are an entrepreneur or an employee working in the corporate world, networking can help you to grow and find new opportunities. However, people have built a culture of appeasing peers and seniors for professional gains and opportunities. But can we blame them entirely? Not really!
The culture of ego-massaging and people-pleasing has been encouraged from top to bottom. And people who have this skill ensure a comfortable professional journey in their organization. However, it may help you to achieve short-term goals. But in the long run, it will cost you your self-respect. You will never be able to respect yourself because you will become like a slave to external validation and people-pleasing just for a momentary gain.
8. You Are Where You Were Meant to Be
The world went digital for the convenience of human lives. Unfortunately, it has also caused a lot of mental health problems associated with too much consumption of information, negative feedback, criticism, and addiction to things that are filled with hatred and self-doubt.
Beautiful pictures on Instagram and Facebook make others believe that they are leading a life that is far from picture-perfect. This fills them with disappointment, self-criticism, envy, and dissatisfaction with their own lives.
But it is very important to know that you are exactly where you are meant to be. There will always be someone better, smarter, prettier, and more successful than you. But that does not diminish the struggles you have faced and the things you have achieved in your life. If you keep thinking that your happiness lies in a particular place, or you will attain happiness after achieving a particular milestone, you will never find happiness.
Stay happy and confident with whatever you have and wherever you are currently and keep aiming for more. 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
“Success is not final; failure is not fatal; it is the courage to continue that counts.”
Nothing in this world is impossible if you have the passion and determination for it. With sheer dedication and persistence, you can achieve anything that you want in your life. And Achinta Sheuli is the live example!
Achinta Sheuli with his outstanding performance in the Commonwealth Games won a gold medal for India in the men’s 73 kg weightlifting category with a combined lift of 313 kg (snatch 143 kg + clean and jerk 170 kg), creating a new CWG record. From embroidering necklines on women’s kurtas to working in fields Achinta Sheuli has come a long way to creating a record in CWG his journey was anything but smooth!
Followed His Brother’s Footsteps
Hailing from Deulpur in West Bengal, Achinta was first introduced to weightlifting by his brother. His brother Alok was fascinated by weightlifting after watching a body-building competition. Seeing his interest his mother Purnima took him to a gym run by Astam Das in 2010. Achinta followed his brother to that gym after a couple of years, and took to it, as a fish takes to water. Das trained them for free and provided nutritious food too.
But the turning point in Achinta’s life was the Junior National Championship held in 2013 in Guwahati, Assam. Achinta came fourth and was noticed by the Army Sports Institute. Alok said that Achinta was called for a trial by the Institute in 2014.
After his father passed away, it was very difficult for his family to survive financially. Their financial status was so poor that they did not have money to even perform their father’s last rites. To bring food to the table, his mother started doing needlework, and the kids joined in later. They would receive orders to embroider the necklines of women’s kurtas.
The family used to work for 12 hours a day, seven days a week. It was a hard job. On a very good week, they would make INR 1200. While on an average week, it was less.
Achinta and his brother also worked in the fields, harvested crops, and carried the loads on their head because they were given an egg a day and a kilo of chicken at the end of the day.
His Brother Was His Biggest Support
After his father passed away, Achinta’s brother Alok had become the breadwinner of their family. To support his mother, Alok gave up on his dreams. The training and food at Army Sports Institute helped Achinta get strong and gain weight. And he would train and embroider whenever he had the time while going to school.
And the Journey Began…
Achinta left his local school in class 6 and completed his further studies at the Army Sports Institute. He then participated in Youth National Games in Haryana and came third. He later joined the Army in 2015 and received a letter from the Indian camp. He won a silver medal in the Youth Commonwealth Games which was organized in Pune. He went on to win gold at the Commonwealth Championship in 2019 and silver at the Junior World Championship in 2021.
Thanks to the Army job and stipend, Achinta is now able to support his family. His mother does not need to do the needlework anymore and his brother Alok is focusing on his career now.
Achinta believes that a target, focus, and discipline are essential to succeed in life. And rightly so, he has made the entire nation proud by winning gold at the CWG after Mirabai Chanu and Jeremy Lalrinnunga.
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.
Want to read more extraordinary stories of ordinary people? Visit www.badabusiness.com.
Success Story Of The Youngest Self-Made Woman Entrepreneur
Summary: Co-founder and former chief technology officer of cloud company Confluent has become the youngest self-made woman entrepreneur in Harun India’s rich list.
Indian American entrepreneur Neha Narkhede (37) has made it to the list of India’s youngest self-made woman entrepreneurs on the Hurun India Rich List 2022. Born in Pune, Neha, co-Founder of Confluent- a streaming data technology company now figures in the IIFL Wealth list for 2022.
In June 2021, Confluent had risen to 25 percent on the NASDAQ, reaching a market valuation of US $11.4 billion. The eleventh edition of IIFL Wealth Hurun Rich List included 1,103 individuals this year, up by 96 from 2021, across 122 cities. With a net worth of Rs 13,380 crores, Neha is 8th amongst the top 10 richest Indian women on the Hurun Rich List.
The Kotak Private Banking Hurun Leading Wealthy Women List 2021, published by Hurun Report, is the third annual list of India’s wealthiest women entrepreneurs and professional managers. According to the list, nine of the 20 women under the age of 40 are self-made.
Her Educational Background
Born and brought up in Pune, Neha did her BSc in Engineering from SCTR’s Pune Institute of Computer Technology. In 2006, after graduation, she joined Georgia Tech and later joined Oracle where she worked till 2010.
In February 2010, Neha joined LinkedIn as a software engineer. In two years she donned various hats on the professional social media platform. In September 2014, along with her colleague she left Linkedin to build Confluent, a multi-billion dollar tech company. She was the CTO of the tech giant until January 2020. Currently, she is an independent consultant to tech enterprises and helps them scale.
Her Father Was Her Inspiration!
When she was asked about her biggest inspiration, Neha excitedly replies—‘My Father’. She shares that her father has been the single largest influence in her career. He would narrate her stories of trailblazing women and has cultivated a sense of empowerment in her.
Neha is also 55th on the 2022 America’s Self-Made Woman list by Forbes. In 2018, she was inducted as World’s Top 50 Women in Tech and also America’s Top 50 Women in Tech. Neha is also the winner of the 2022 Technology Entrepreneurship Abie Award.
Her dedication and self-belief are the major contributors that made her successful. If you too want to achieve something bigger in life, be persistent, passionate, and dedicated towards your goals.
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. These courses will act like tools meant for rising stars just like you. Our apps and services let you manage many aspects of your business with the minimum investment of time and money, leaving you free to focus on the larger picture. To know more about our courses, visit: www.badabusiness.com
Where non-stick utensils offer great comfort while cooking food, few people know about the harmful effects of using them at home. These utensils are not just harmful to our health, but also damaging to the environment.
But then what is the alternative? While the market is flooded with products claiming to be harmless to the environment, it is better to exercise caution.
Earthenware utensils that were once used by people before the modern utensils paved their way into the market and our household may seem like an alternative. However, there are lots of fake products in the market that are being made with a die-cast mold with a chemical coating on it.
Such earthenware might end up causing more harm than we know of. To provide a solution to this modern-era challenge, Neeraj Sharma- a resident of Dawla village in Jhajjar (Haryana) came up with his startup up- ‘Mitti, Aap Aur Main’. The business is now yielding a monthly turnover of INR 2 Lakh.
Neeraj completed his engineering from a college in Rohtak in 2016. After that, he got a job with an MNC in Gurgaon where he stayed until 2019. While living in Gurgaon, he experienced multiple health issues. After some time, he went back to his village and told his parents that he wanted to prepare for the civil examination instead.
Neeraj Quits his Corporate Job
Upon returning to his village, Neeraj decided going back wasn’t an option. He intended to find some business to engage in while staying in the village. At home, he started noticing various kinds of earthenware. While some utensils will break easily, others will sustain for a longer time. They were sturdy and environment-friendly because of their natural composition.
Intrigued by such observations, he made a trip to a nearby factory where their earthenware products were manufactured. He thought the factory would have many artisans working on these products, however, he was stunned by what he saw. Upon entering the factory, Neeraj saw there were various kinds of machines that were churning out these products with zero human input. Given there is much demand for earthenware, the sight gave him a business idea.
Initially, he started by using molds and dyes, but soon he realized how toxic chemicals like caustic soda and soda silicate were while making the products. He conducted some basic research and realized that these were harmful chemicals.
Made his way Back to Basics
Once he realized how harmful those chemicals were, he decided to find a way back to the traditional way of pottery. His search took him to some of the traditional potters from his village who had lost their jobs due to the advent of machines, but they were looking for an opportunity to put their skills to use again.
A Not-so-smooth Start
Initially, only two potters saw merit in his idea. They used to make products with absolutely no chemicals in them. However, it was difficult for him to compete with products that were all beautiful and shiny. It took a while for Neeraj to make people understand the chemicals that are being used in the manufacturing process of those utensils.
His products started building curiosity and more and more people began coming to see their work more out of curiosity than anything else.
Raised Awareness Through Social Media
To spread the word Neeraj used the platforms like Facebook and YouTube to raise awareness about his products and their qualities. Attending local fates, festivals and organic fairs also helped in raising brand awareness. At these events, Neeraj met doctors and nutritionists who were very impressed with the products and started speaking about them. Slowly, people from the city started visiting the unit to buy directly from Neeraj. He says that a lot of the traffic that his business gets is courtesy of the videos he puts up on his channel on YouTube which currently has 1,34,000 subscribers.
Neeraj takes immense pride in his decision of coming back to his village and working with these local artisans. The soil that is used to manufacture these utensils is sourced from Rajasthan and Haryana. The soil in the field is not used to make these utensils as they are contaminated by the use of fertilizers and chemicals by the farmers. One can buy planters, kitchen utensils, and even cookware at prices starting from Rs 250.
With his determination and passion, today Neeraj is earning lakhs per month. We salute his spirit and his fresh perspective toward the environment and society that led him to produce a product that is made from natural resources.
Do you have a startup idea too? Find out exactly what you need to turn that idea into a reality with Bada Business. To know more, visit www.badabusiness.com.
Summary: The celebrated comedian Raju Srivastav passed away at the age of 58 on 21st September 2022.
In 2005, India got its first stand-up comedian Raju Srivastav who participated in a stand-up comedy show which was broadcasted for the first time in the nation. Though the concept was new for the Indians, Raju Srivastav won millions of hearts with his excellent comic timing and simple jokes.
With his “Gajodhar Bhaiya” act, he became one of the most popular names in the Indian household. Although he didn’t win the show, he continued to entertain the entire nation with his jokes for 17 years.
Born in Kanpur, Uttar Pradesh on 25 December 1963, his stupendous comic talent was noticed since he was a young guy. Coming from a modest background his father Ramesh Chandra Srivastav was a famous Hindi poet known as ‘Balai Kaka’.
In an interview with Dr. Vivek Bindra, he shared a few glimpses from his past. He shared how his principal used to support his mimicry while others made fun of it. He was also invited to do commentary during local cricket matches. There he would talk much more about the players rather than the shots as he knew every one of them personally. And that is what attracted people to him.
Started his Journey to Mumbai in the 80s
Raju Srivastav came to Mumbai in the 80s to make it as a comedian; however, the road to success was anything but not easy. During his struggling days, he drove an auto for some time till he got work in movies. He had also done comedy shows for INR 50 when he was struggling to make it big.
Only in 2005, after 20 years, his years of struggle produced the fruit of success and he finally got recognition after participating in The Great Indian Laughter challenge.
He had small roles in Hindi films like Maine Pyar Kiya (1989), Baazigar (1993), and Aamdani Atthani Kharcha Rupaiya (2001). He made his debut in Tezaab in 1988.
After this, he never looked back. He continued to do various stand-up gigs with his clean comedy which is enjoyed by people across all age groups. He has done mimicry of many esteemed politicians and has done impressions of Indira Gandhi, Atal Bihari Vajpayee, Rajiv Gandhi, Mulayam Singh Yadav, Lalu Prasad Yadav, and even PM Narendra Modi.
He participated in many TV shows like Bigg Boss Season 3, Comedy Ka Maha Muqabala, Nach Baliye Season 6, and more.
The chairman of the Film Development Council of Uttar Pradesh and Brand Ambassador of Swachh Bharat Abhiyan, Raju was recently seen on India’s Laughter Champion.
Recently Raju Srivastav suffered a heart attack while working out in a gym on August 10. After 41 days in the hospital, he passed away on 21 September at the age of 58. In 2005, India got one of the best stand-up comedians, and in 2022, our nation lost him.
Summary: Chasing a long-cherished dream, 62-year-old Smita Surendranath Blaggan started Lake View Restaurant in Goa.
Who said after a certain age retirement is the only resort for elderly people? Inspiration can find you at any age! The only thing that it demands is that you recognize your calling. Discovering passion and rekindling your dreams at the age when people expect you to retire is the new ‘IN’ for senior citizens.
The person who we are talking about is Smita Surendranath Blaggan- a 62-year-old restaurateur based in Goa who after getting retired from her government job made her way into the hospitality sector chasing her dreams. Her lake view restaurant is the labour of love and passion of hers and her son Rohit (30).
A Blend of Diverse Culture
Born in Karnataka’s Dharwad district, Smita is a Maharashtrian who married into a Punjabi family. The stark contrast between the two cultures would have given a cultural shock to anyone. However, for Smita, it was a boon. With such a diverse family background, she received exposure to multiple cuisines and flavours.
Not only is she well-versed in different world cuisines such as Italian and continental, but also speaks multiple languages like Punjabi, Konkani, Goan, and Maharashtrian. Smita likes to make all the spices on her own that she uses in her lip-smacking dishes. When it comes to shopping for raw ingredients such as fruits and vegetables, she ensures to do it on her own.
However, the Journey was not Easy!
Smita and her son Rohit started their restaurant in March 2020. But before they could start their operations, the nation went under lockdown due to COVID-19. The following months were full of uncertainties, anxiety, and a sense of unease.
But as they say, good things and good coffee take time to brew, this mother-son duo waited patiently during that time as they were super-confident about their food cooked with delectable flavors and lots of love.
All Roads Lead to Good Food
Recalling her younger days, Smita says, “I remember cooking as early as 10 years old, making jawar roti for my father. Even after I got married and moved to Goa in 1986, food played a very important role. I am a foodie and so I’m always on the lookout for new cuisines and foods to try.”
She continues, “My mother and mother-in-law were both wonderful cooks and I have learned a lot from both of them. My love for good food was so strong that I enjoyed coming into a Punjabi family and learning so many new things. In fact, after eating my mother’s mutton curry, the smell would linger on my fingers for up to three days and I would love that.”
Soon after her marriage, her place became the favorite spot for everyone when it comes to relishing delightful food. From her husband’s colleagues and bosses or her children’s favorites, the food that she whipped attracted people like a magnet.
The 60s’ Gave a New Direction to her Life
For many people starting a new business post-retirement happens by chance. But Smita always wanted to own a restaurant. It was a conversation that she often had with her late husband as well. Every time she would host a bunch of people at her home, her husband would often suggest that food is her true calling.
The restaurant was started when her son Rohit returned to India from Dubai in 2020. Starting initially with a minimum investment of about INR 25 lakhs, her restaurant is located right next to a shimmering lake with a seating capacity of 150, which provides this place an edge over other cafes.
Fun, Food & Flavours
Along with a spectacular view of the beautiful lake, Smita ensures that her guests receive nothing but the best Goan food in Goa. She is particular about everything that happens in her kitchen. From making garlic and ginger paste to the freshly pound masala, everything is made once the order is placed.
Smita says that every day comes with its unique challenges which make life even more interesting. She says, “What is life without some masala and drama.”
From flipping the pages of a cookbook as a young girl to now becoming a proud owner of a restaurant enveloped in the aroma of her various recipes, Smita shares that she is living the dream of her life.
Do you have a business idea that you would like to turn into reality? Don’t wait! Start working on it today! 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.
3 Key Steps To Bring A Positive Lens To Workplace Mental Health
Summary:As employers are focusing more on mental well-being, they are still missing a crucial factor- positive conversation.
According to the World Health Organization (WHO), India accounts for nearly 15 percent of the global mental health burden. Deloitte’s Mental Health Survey states that the poor mental health of employees costs Indian employers around USD 14 billion annually because of lower productivity, absenteeism, and attrition.
The survey titled ‘Mental health and well-being in the workplace was conducted to analyze the current state of mental well-being amongst Indian employees by Deloitte Touche Tohmatsu India.
Around 47 percent of professionals surveyed consider workplace-related stress as the most significant factor affecting their mental health, followed by financial and COVID-19 challenges. The numbers are quite alarming. But despite the severity, there are a lot of stigmas associated with mental health and well-being.
While employers are turning their focus on mental health, they are still missing out on a crucial factor that can deeply impact the mental health of the employees which is- positive conversation. Though addressing stress, burnout, workload, and mental illness is critically important, highlighting new opportunities to move forward is the need of the hour.
Organizations should ask the question: how can we cultivate an inclusive work culture where employees actively participate and make genuine connections? How can work proactively help employees improve their well-being?
Various strategies can help both — employees and businesses. The key three strategies are:
1. Give Employees Opportunities that Promote Learning and Purpose
Every employee wants to make a difference in a fulfilling job. Also, when they have a sense of purpose and feel that their contributions are aligned with a larger purpose, they tend to perform better. Providing training and learning opportunities by the best business coach in India not only fuels employee performance and thereby company performance, but also boosts employee motivation and engagement.
When employees feel they have better opportunities to grow in an organization both- professionally and personally, they have a greater reason to stick to their current company.
2. Foster Connection and Collaboration
The pandemic has given rise to the culture of working from home. Despite having plenty of benefits, this new and profound culture also has a few drawbacks which include a lack of connectivity and collaboration. Emotional and social growth opportunities can empower employees as much as professional development opportunities. And these relationships can build better collaboration, communication, and trust within the company.
You can establish employee resource groups, mentorship programs, and other frameworks to encourage employees to feel more socially connected and comfortable bringing their authentic selves to the workplace.
3. Provide Tools to Support Overall Well Being
Rather than focusing just on employees who are facing mental challenges or experiencing stress and anxiety, you should take a holistic approach. Proactive mental health offerings such as meditation, sleep, and fitness programs, can equip all employees with the tools to take care of their overall well-being.
It can deliver benefits not only by helping employees avoid a mental health crisis, but also by empowering them to create, contribute, and collaborate sustainably. If you feel that your team lacks motivation, you can also hire the best motivational speaker in India to inspire them and boost their productivity levels.
By aiming to make work and the workplace a net positive for employee wellness, companies and management can offer people a more compelling and lucrative opportunity and a more effective working environment. Keep the conversation positive, clear, unbiased, and transparent so that everyone can bring their “whole self” to work and provide the resources and programs to become their “best selves” while at work!
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.
5 Key Components To Establish Powerful Performance Management
Summary: Performance management is an essential process to review the hard work and efforts of your employees. So how can you make it more effective and transparent?
Every business aims to make sales, generate revenues and bring in profits. Revenues and sales are made by employees that work in the company. Employees bring customers, and clients stay loyal because of your human capital.
Since so much is dependent on your employees, companies need to ask themselves how they can make their employees satisfied, valued, and happy in their workplace. Evaluating the performance of your employees is the first and most important system that you have to develop in your organization. Every lead or supervisor must be well-trained in how to evaluate the team. You can also consult with a business coach to establish effective performance management.
Many performance management models with different working models have been tested and implemented across organizations worldwide. But truly effective performance management consists of the following essential features:
Creates a clear picture.
It is a continuous process of communication.
It consists of evaluation with feedback.
It aims to motivate employees who are not performing much.
However, after COVID the work culture has undergone a huge transformation. And one of the most prominent changes is the global imposition of remote work. So how can you ensure to have performance management which is best suited to your organizational goals?
Here are 5 key components of a performance management system designed to ensure productivity in a remote workplace:
1. Revaluate Goals & KPIs
Due to the changed workplace scenario that the current global economy faces, role workloads have differed considerably, with not all equal roles having equal workloads. Thus, KPI and role should be realigned to save costs while extending support to cross-functional processes.
2. Implement Objective & Key Results Methodology
To set, communicate and track organizational goals, management can implement one of the most popular methodologies- “objective and key results”. As this is an overall approach toward goals and employee performance at various organizational levels, it can help incorporate accountability and quantitative proximity of realizable goals.
3. Set SMART Goals
With the remote work paradigm, goal-setting has become even more critical in the current economic climate. Poorly defined goals can become a cause of bad performance and future worries in a climate already marred by global crises and constant disruption.
Hence, the goals defined by the organization must be SMART- Specific, Measurable, Actionable, Relevant, and Time-bound.
4. Keep in Touch With Employees
Today when companies lay off their employees in huge numbers evoke fear within employees when it comes to their performance. Hence, management needs to understand the significance of maintaining regular contact with employees and keeping them updated on all relevant levels. Encourage them to share about their work, lives, goals, etc.
5. Place your Trust in Employees
It is important to trust your employees and subordinates and give them the privilege of clear communication, especially regarding personal matters. Whether working on-site or remotely, many aspects of human lives are unclear. Hence, having faith while everyone is struggling is a key success factor on all levels. As the remote working culture is prevalent, there may be a few employees who are unable to meet the deadlines. Assuming such employees are not being productive is a serious error of judgment.
Performance management and open feedback systems have become a core part of both our corporate and personal lives. In the end, open and transparent communication is the key to a robust and impactful performance management system, no matter what your physical location is.
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 CoachingProgram that comes with Foundation courses, specialized courses, and value-added courses.
Summary- Human resource department has evolved into a very complex and specialized discipline. But still, it is lagging when it comes to making development.
Manpower is the lifeblood of any business. Employees can either make or break the business. But small business owners often fail to see the value of prioritizing human resources as a strategy. They often focus more on business operations than hiring the right candidate for their company. But statistics show that employers who view their employees as their most important asset are always more profitable. Many business coaches often emphasize the importance of the Human resource department in an organization.
Getting business owners to embrace this concept is made more difficult by the fact that payback on HR investments is not immediate. It takes time and discipline to realize. Today, the human resource department does a lot more than just hiring and firing and keeping up with employee records. It has taken on a much more strategic role. As the company’s most valuable assets, employees require investment.
So how Human Resource Management can help attract and retain the best talent? By putting the focus on these five critical areas:
1. Bridge the Skill Gap
Upskilling plays a key role in retaining top talent. Technology solutions are uniquely suited to help companies train employees in new skills — not least because many of the required skills these days are digital. A company should adopt a business-driven, people-powered upskilling strategy that relies on technology as a delivery mechanism for skills assessment, training, and continuous development. You can also hire a businessmotivational speaker to keep your employees motivated and inspired.
2. Find & Retain the Right People
A company’s culture is composed of people. People are responsible for creating the culture of 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 foremost duty of HR professionals is to help managers bring in the most compatible candidates, maintain open communication, recurrent feedback, proper documentation for the right ones, and protections in place for when the wrong ones need to be sent out of the door.
3. Empower Your Workforce
Empowering employees means empowering your organization. The concept of employee empowerment is giving employees the tools that they need to fulfill their job responsibilities successfully. It not only gives them a sense of achievement but also instills the feeling that they have control over their career development.
The best way to do so is to give your employees autonomy so that they can work without being micromanaged. This also gives them confidence that their leader will go to bat for them if necessary.
4. Promote Transparent Communication
When it comes to deepening employee trust, transparent and empathetic communication plays a significant role. Communication is a two-way exercise, and that includes listening to employees, acting on what they tell you, and sharing information frequently and honestly.
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. Building and maintaining 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 about how business decisions are perceived.
As an entrepreneur, you will need the right talent to take your business to the next level. HR is the glue that helps to stick every department of a company together. Hence, you can take an online coaching program that focuses on the problems like retaining your best employees and how to keep the productivity of your workforce at an all-time high.
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
