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:
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:
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.
Workplace diversity is becoming more and more common today as organizations are focusing on hiring top talents irrespective of age, ethnicity, race or geography. It has also been found to be the reason of high productivity and success in an organization. Diverse employee base brings different experiences, perspectives and skills to the organization which, in turn, brings innovation and creativity to work. However, workplace diversity also brings in some unique challenges which, if not handled properly, can lead to major organizational issues. Different views and outlooks can, sometimes, result in conflicts and chaos. Therefore, to take the maximum advantage of workplace diversity and minimize its shortcomings, it’s important for organizations to adopt a strategic approach to handling employees.
Research suggests that the number of people stressed at work is getting higher with passing time. CDC’s National Institute of Occupational Safety and Health has recently reported that about 29 to 40 percent of Americans are “extremely stressed at work”. However, be it any industry or any job profile stress management has become a common issue. And, it has a significant impact on health and may lead to a range of disorders, some of which could be serious. Also, it can interfere with your work efficiency and productivity. There are a number of reasons which lead to stress at work like customer pressure, co-worker relations, work environment and others. No matter what your ambitions or working conditions are, it’s important to understand the source of your stress at work and to deal with it in the right manner to live a healthy professional as well as personal life.
Employee wellness program is a growing trend these days. Organizations are realizing the fact that healthy employees are more efficient and productive and, thus, designing an effective employee wellness program is essential. However, even if the organizations are aiming the right thing, not many have the right knowledge and experience to implement a successful program. Often the employee wellness programs look good on paper – organized, streamlined and calculated – but not all succeed practically. Switching to a healthy lifestyle isn’t easy and employees often do not consider such ideas of change. For an employer it’s a challenging task to truly influence the lifestyle and behavior of employees in a way that it changes them for good.