Great companies should offer financial and health and wellness benefits, as well as community outreach, employee engagement, travel and training and development opportunities. Southwest in particular always seems to be looking for ways to engage, grow and foster employee development. When a company communicates appreciation for its employees, those employees, in turn, are likely to appreciate the company. According to Gallup, they also tend to demonstrate increased productivity and loyalty.
The 2014 Volkswagen emissions cheating scandal is another example. The car manufacturer attempted to fool North America emissions tests. Trying to deceive the test itself was a meta-example of this phenomenon, but more insidious was why this cheating occurred. What perverse influence or mandate was handed down to cause the development and deployment of an emissions cheating device? Multiple layers of management must have been aware of, if not outright, approving of this subterfuge directly. If and when issues arise, do not have a one-size-fits-all approach to performance management.
Let Your Intangible Assets Know Their Value
In fact, for those with ADHD, the attention deficit for certain tasks is often offset by particular brilliance in other competencies. “We will outperform and outpace many of our neurotypical (‘normal’) peers when conditions are right and the support we need is in place,” asserts Mayer. “Along with millions of my neurodivergent brothers and sisters, I have endured this unfair treatment for the majority of my career,” says Mayer. He cites his inability to effectively complete administrative functions in past roles, despite the fact that he put in extra time outside of office hours in an attempt to finish these tasks.
Employees, as stakeholders, are more likely to be invested in the company’s success, to offer innovative ideas, and to go the extra mile to ensure the organization’s prosperity. In this article I will challenge this traditional view, taking a more nuanced approach to analyze the complexities of the employee-employer relationship. Keeping track of all the wonderful things people do throughout the year is great, and covering them all in a performance review is nice, yet it just does not have the same effect on the human psyche. In my experience, real-time recognition is a much better way to meet people’s needs and the desire of feeling wanted and needed.
- These employees usually don’t take responsibility for their poor attitude or behavior, work, and organizational productivity.
- Because engagement is linked to greater productivity, retention and sales — even safety — those GGWA winners’ employees are genuine assets.
- Having grit in your personal life can get you far, but having it in the workplace can probably get you further.
- They will gladly engage in the organization to overtake competitors and stand or grow with the company.
You won’t find someone to replace these employees, especially with their knowledge and experience. If the organization does not have happy and satisfied employees, they will not deliver performance-oriented results, leading to the reduction of the profits of the organization. Here are four tips for treating your employees well, improving their performance and demonstrating that you know that people are your greatest asset. What many people miss about ADHD and other learning and attention differences is that they’re not all bad.
The Power of Human Resource : Nurturing Attitude, Mentors, and Effective Communication
In the workplace specifically, Mayer says that ADHD can present significant challenges in time management, organization and completing tasks in a timely manner. Employers value employees who are punctual, as it shows that they care about not only their jobs but also the company. When you regularly arrive to work late, though, or you take too many breaks and deliver projects past their deadlines, you risk missing out on promotions or, worse, losing your job. No manager wants an employee who dislikes challenges and comes running every time something goes wrong. There will always be situations at work that require resolution, and bosses want employees who can execute effective solutions.
If you have a good jeweler then it will turn out as ‘asset’ otherwise it is ‘liability’.
Since Pandemic, ‘Employees Have Become a Company’s Most Valuable Asset’
You could then value employees with these qualities higher because other employees may want to work with them more, customers may want to buy from them more, banks may want to lend to them more, etc. This does mean there would be bias and subjective grading for this intangible asset. You could use salary and benefits as a baseline financial standard for all employees, adjust up or down based on the grading of the attributes above, and then assign a value. In accounting terms, assets are company resources which have future economic value. Instead of seeing employees as a problem, these leaders see them as a valuable resource.
Employees are a company’s best asset, and building that rapport, connecting the workforce is important to why people want to come and work for you. Employees want to work with organizations that have the same values, but more importantly, employees want an emotional connection. Employees are in the frontline and have the information on the customers’ needs. This enables them to anticipate customer needs, identify new trends, and improve current services or products based on the customers’ feedback. Also, if your employees are happy and satisfied, they will perform their jobs well and convey that cheerful feeling to the customers. All in all, the employees, working at any level, are the eyes and ears of any organization.
Experience
Later, the owner of the pet business agreed, saying he most enjoyed being with the dogs. Being ethical at work not only benefits you but also your employer, and this is why companies value this trait in their employees. Being honest and following policies and procedures (even when no one’s watching) shows employers that you’re trustworthy and that you have integrity and a strong work ethic. In fact, 82% invoicing best practices of executives surveyed by Forrester (PDF) agree that companies benefit from creativity. If you can think outside the box and produce unique ideas and results for your company (especially in today’s highly competitive landscape), you’ve already established your job security. Innovative thinking can enhance teamwork, increase problem-solving and improve the ability to attract and retain clients.
These employees usually don’t take responsibility for their poor attitude or behavior, work, and organizational productivity. Their skill may consist of training and development programs, expertise in a specific field, a keen understanding of the procedure of work, work culture, and overall system. Satisfied and happy employees deliver high performance and productivity, thereby increasing the profits of the organization. Their employee’s skills, abilities, knowledge, and experience are intangible and invaluable assets in securing the organization’s future. Valued employees’ positive mood will directly impact the processes, profits, and productivity of the organization.
While all employee skills are important, their tribal knowledge of your business is worth emphasizing. This is the knowledge and experience they gain from decades of working with your company. But all too often the actions of a business fail to match those fine words. Rather than look at themselves, owners blame their employees for the problems they encounter in business or fail to invest in their human assets. When Marcus met the owner of a California dog grooming and boarding business several years ago, he found several competent employees were on the verge of quitting. They told Marcus they were tired of being criticized for their actions, while their suggestions for improvement were ignored.
This does not mean you need an electronic recognition program; however, you should have an electronic human resource information system program (HRIS). The types of programs are very useful to house employee files, performance reviews, requesting time off, compensation information, years of service and so on. One critical lesson any leader learned in 2020, and one target that should exist for all businesses is the importance of recognizing their employees. Reflecting on the last year, if you are still in business, if you are still employed or if you are still able to employ others, gratitude is in order.
Competitive Advantage, HR Management Practices and a People Based Strategy
Solely rewarding behaviors that drive short-term corporate wins over long-term customer benefits can cause severe damage to a company’s reputation. He noted that this turns employees into commodities, rather than individuals, from an accounting point of view. Many frequently deployed phrases about employees indicate that employees are assets. “My key assets go home at night,” managers may say, or management teams may reward employees for the assets they bring to the table in terms of talent and expertise. The traditional view of employees as assets fails to capture the essence and complexity of the employee-employer relationship.
