As economic activity and growth increase, the market is also prompted to see accelerated employee turnover and all those organizations that fail to devise consistent and systematic people management techniques will be affected the most. HR strategies that were once the most coveted options have almost become obsolete in today’s corporate world owing to the new business challenges. Moreover, the multi-generational expansion of workforce calls for great managerial skills by team leads to manage and provide people with all that is required to accomplish given tasks.
The workforce today is in sharp contrast to the corporate world of the past whose objective was to get the task accomplished without much focus on employee welfare. Organizations today emphasize more caring and empathizing for its people while also focusing on its goals. In this light, effective people management has taken precedence in most MNCs where employees are cordially motivated to overcome their roadblocks and give their best in achieving the firm’s goals. One of the biggest advantages of effectively managing people is the long-term commitment of employees towards the organization.
Until a decade or two ago, the primary responsibilities of an HR included basic functions such as recruitment and selections, trainings, appraisals and assessments. However, that is not the case today. People managers, apart from devising plans to achieve optimum organization goals also take into consideration factors such as employee wellness, compensation and benefit management, conflict negotiations and encourage learning and development of the people working for their organizations.
Employees are said to be the life blood of any organization and their management is what will be a go or a no go for the firm. Organizational leaders who do not pay attention to the proper management of people are more vulnerable to higher employee turnover that generally arises because of disorganization and inadequate communication that will eventually lead to lower productivity rate because employees do not understand their role and responsibility. Furthermore, they will also lack corporate growth and development resulting in conflicts because of the unalignment of the organizational goals and resources against employee expectations. As an illustration, Honda India faced a disastrous failure because of the reluctance of its managers to address the issues of its employees until it reached a breaking point while also having little or no respect for its employees and disregard for their requirements.
It is therefore imperative for organizations to effectively manage people at all levels of the organization by implementing a continuous learning culture and career development plans so that employees feel safe and secure in approaching the senior management to get feedback in an amicable two-way communication manner. Providing employees with the needed resources with improved flexibility will always ensure a comprehensive and optimal performance that will in turn lead to the organization’s success.