Hiring a manager for your company isn’t enough. You need a great manager that can bring out the best in your employees, and motivate and empower them to achieve the company as well as professional goals. However, hiring a great manager isn’t always an easy task. On the other hand, an inefficient manager could lead to misunderstandings and miscommunications among employees which could be disastrous for your organization. No matter what industry you belong to and regardless of the size of your company, a great manager is an absolute necessity. There are a few traits that distinguish a great manager from others and while appointing a manager, you need to carefully analyze if your prospective candidate possesses those traits or not.
Workplaces are becoming increasingly diverse these days, where people belonging to different generations, cultures, and ethnicities are together trying to achieve common goals. A Inclusive workplace is beneficial for innovation and inclusion initiatives play a very important role in helping the organizations reap the benefits of workplace diversity. With Millennials and Gen Z increasingly taking up leadership roles, other generations of workers often run the risk of left behind. Also, difference of opinions among people hailing from different cultures needs to be addressed carefully. Inclusion is all about knowing and understanding the perspectives of different employees and creating meaningful solutions directed towards company objectives. Inclusive leaders make all of their employees feel that their perspectives are being valued, so that the organization can be benefitted from their insights. In the absence of inclusion initiatives, employees would eventually leave the organization or would start contributing less.
Like many other industries, healthcare is also embracing a number of new technologies and, consequently, some substantial transformations as well. Patient experiences and healthcare deliveries have experienced huge improvements. Digitization is transforming the healthcare industry in significant ways helping it to excel in every aspect and provide patients a safe and healthy life. Not only the healthcare organizations are now better equipped to take care of the patients,the patients also have become more involved and conscious about managing and monitoring their own health, as well as engaging with their healthcare providers. With the explosion of healthcare information technology, a number of devices have made their way into the market opening up endless opportunities for the consumers as well as healthcare professionals. Let’s have a look at the technologies that are, lately, transforming the healthcare industry.
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: