Many a time candidates that appear to be perfect during interview turn out to be a misfit or incapable of performing up to the expected standards. To avoid such hiring mistakes, a new technique has evolved, known as behavioral interviewing. With time, behavioral interview is gaining much popularity as it helps the Human Resources identify the actual characteristics of the candidates and decide if their skill set matches the requirements. In effective behavioral interviews, candidates are often unaware about which exact behavioral trait the interviewer is verifying.
Every business undergoes a number of changes over time. Be it change in technology, office policies, team leadership, production procedures or anything else, change is inevitable. However, as much it is important to embrace changes to remain competitive, the process is often hard on the employees. Helping employees adapt to changes is one of the most crucial task that the management must accomplish with utmost care or it may bring downfall of the business. Employees are mostly too accustomed working a particular way or with a particular technology and even a minor change can fill them anxiety. That’s why many employees are resistant to changes and many are unable to handle them well. As a leader, you need to find out the right ways to help your employees adapt to change. Because, only a fully functional team that understands the policies and procedures well is capable of bringing positive results and growth to the business. Here are a few techniques to help your employees adapt to changes:
Majority of employees have admitted that finance is one of the biggest stressors in their lives. For some of them this stress is overwhelming while others experience deterioration in their mental and physical health in the form of reduced sleep, irritability and many other issues. And it doesn’t need mentioning that stress majorly impacts an individual’s performance and efficiency at work. Financial concerns aren’t always about how much money a person is earning. It could also be about retirement, budgeting, managing loans etc. It’s important that an individual achieves confidence in such money matters and this is what we call financial wellness. Employees with monetary worries not only exhibit diminished performance at work but also damage the business. Being an employer, you must be aware if your employees are under any kind of financial strain and should be proactive to maintain their financial wellness.
It’s important to respect the privacy of your employees but so it is to see if any of their behaviors is affecting the performance or relationships at work. Drug abuse in the workplace is a serious issue and employers and HR managers are often incompetent to handle it well. Also, until drug abuse poses evident impacts on the work of employees, management often chooses to ignore it. However, it’s important to realize that even a single employee with drug related problem can be a serious threat to the work performance and efficiency of the entire team. Identifying the signs and dealing with the problem of drug abuse in the workplace could be a challenging task. The management must take immediate action as soon as it detects signs of drug abuse but the task isn’t as easy as it sounds and involves a number of complicated steps.
Flexible work arrangements are getting popular day by day. Employers have realized that providing flexibility in work arrangement helps in attracting better quality resources, reducing absenteeism, increasing engagement and reducing turnover. Organizations, these days are opting for different types of flexible work arrangements like variable schedules, part time work, and telecommuting. However, along with the plethora of benefits, flexible work arrangements also come with a few issues. There still lies a stigma around flexibility and many believe that people working with flexible work arrangements are neither productive nor helpful. This implies that when organizational leaders implement flexible working arrangements, there often is a gap between what has been instructed and how the everyday work is being carried out. On the other hand, many employees also feel that they have access to fewer growth opportunities when they take up flexible work arrangements. Flexible work arrangements need to be handled strategically so that the organizations can reap the benefits.
Employee experience is one of the most critical factors that contribute to organizational success. Unfortunately, there are only a very small number of companies that actually understand the significance of enhancing employee performance and are working on it. Employee experience can be defined as the combination of physical, cultural and technological aspects of an organization. It’s important to design these aspects carefully in order to provide a healthy, comfortable and motivating environment to the employees. Employee performance is all about creating an environment of positivity and high productivity in the organization so that the employees are happy to work, contribute highly, grow professionally and succeed. Various studies have found that positive employee experience is directly linked to improved work performance.
Data analytics can bring much desired innovations to the banking industry, helping organizations perform better. With more and more banks and financial institutions emerging, those aspiring to gain competitive advantage need to make strategic use of data analytics. The technology has already changed the way traditional banks worked previously and has significantly improved the process of decision making. However, there still are many more aspects in banking industry which can be transformed by data analytics for achieving greater profitability and reduced risks. The data collected in banks are usually very complex and managing and analyzing them manually or through traditional data software isn’t easy. Analytical tools can, on the other hand, perform the task with high accuracy and efficiency. Here are the areas of the banking industry where data analytics can bring significant changes:
The Internet of Things (IoT) promises to bring revolutionary changes to a number of industries, including healthcare industry. The technology has already impacted the industry in significant ways and experts are working to turn more possibilities into reality. So far Internet of Things has mainly assisted in improving care with telemonitoring and remote monitoring applications. Additionally, some initiatives have also been taken in the field of tracking and maintenance of healthcare assets. However, this could be considered just the beginning and to make the use of IoT omnipresent in the healthcare industry more efforts are required. Researchers are working on more advanced approaches to use IoT for digital transformation of healthcare. Take a look at how IoT can make significant impacts on the healthcare industry:
Effective communication is important in every aspect of life and it is especially crucial in business. Be it a start up or an established organization, good communication skills are must to succeed. However, it’s important to understand what type of communication skill is required for which situation. Regardless of the industry, effective interactions drive the business towards success, for which you must have the right skills and expertise. Every member of an organization must be able to express his or her ideas, opinions or recommendations to the co-workers as well as to the people collaborating with the organization for business. And, being a successful professional means mastering multiple types of business communication.
Employees always expect feedback for their performances and as a manager or leader it’s your responsibility to provide them with effective feedback. Be it an individual employee or a team, feedback plays a crucial role in motivating and engaging your workforce. Letting your employees know how well they are doing or where they need improvement can go a long way in building an efficient workforce. However, feedbacks can sometimes have negative impact and not all managers know the technique of providing effective feedback that can truly help employees develop. Here are some important tips to make your feedback effective.