Tuesday, June 28, 2011

8 Key Dimensions for Employee Engagement in an IT Business

Why Employee Engagement?
  • An engaged employee is a person who is fully involved in, and enthusiastic about his work.
  •  Engaged employees care about the future of the company and are willing to invest the discretionary effort – exceeding duty’s call – to see that the organization succeeds.
  •  Engaged employees are more productive than their disengaged counterparts.
  •  Engaged employees believe that they can make a difference in the organizations they work for.
 8 Key Dimensions for Employee Engagement
  1. Work-Life Balance
  2.  Smart Compensation & Benefits structure
  3.  Job Security and Career Growth opportunities
  4.  Standardized Work Processes
  5.  Ethics and Integrity in Culture & Leadership
  6.  Fair Performance Management System
  7.  Training and Development Opportunities
  8.  Teamwork and Cooperation
Impact
¤ Increase Productivity
¤ Reduce employee turnover and absenteeism
¤ A more pleasant work environment (for both employees and company)
¤ Improve profits and overall growth

Friday, June 24, 2011

The Essential Ingredient of a Hard-to-Leave Workplace

RESPECT

Because employees spend many hours on the job, they need an atmosphere in which they are held in high regard—especially by their managers. When respect is absent, being at work feels uncomfortable. Every potential job represents an opportunity to get the respect an employee wants.

Simply, respecting employees matters more than anything else does. Without respect underlying your actions and communications, even your best efforts to improve the workplace will have little effect.

Respect is not a series of handy tips you can apply on occasion; it’s something that must underlie your relationships with your employees. Treating employees with respect takes time, effort, patience, and self-control. You will find the investment well worth while in increasing employee retention and satisfaction.

Thursday, June 23, 2011

Employee Retention in an IT Business

High turnover of employees is a major obstacle affecting company’s growth in Software Industry. To retain talented workforce and keep commitment high, Management need to implement each of the three Key dimensions of employee retention: RESPECT, RECOGNITION, and REWARDS.

RESPECT is esteem, special regard, or particular consideration given to people. Respect is the foundation of retaining your employees. Recognition and Rewards will have little effect if you don’t respect employees.

RECOGNITION is defined as “special notice or attention” and “the act of perceiving clearly.” Many problems with retention and morale occur because management is not paying attention to people’s needs and reactions.

REWARDS are the extra perks you offer beyond the basics of respect and recognition that make it worth people’s while to work hard, to care, to go beyond the call of duty. While rewards represent the smallest portion of the retention equation, they are still an important one.

Impact
  • High commitment/Increased productivity
  • Reduced absenteeism
  • A more pleasant work environment (for both employees and company)
  • Improved profits