Building and sustaining a truly employee-first organisation begins at the top. However, as this trickles through levels to reach the junior-most employees, mid-level managers will possibly need the most amount of support in creating such a culture.
ARTICLES
The purpose of transfers is to stabilise employment in the organisation. Transfers should be made as a matter of policy after an employee has stayed on a job for a specified period. Such rotation from one job to another serves as a tool for developing versatile workers.
The increasing prevalence of Gig talent as a necessary part of organisations talent continuum will further accelerate the evolution of the Performance and Rewards landscape in a direction where it is technology enabled, data driven and progressively customizable to an individual level.
It is one thing to condemn a system and criticise it for its dysfunctionality; it is a different thing to offer a viable option that guarantees success, especially to a system that has been deeply rooted.
Ideal assessments should include 360-degree feedback alongside continuous manager-employee check-ins, appreciation & recognition moments spread year-wide, and inclusive performance reviews.
Given the recent exodus of talent, this may be a great time to fix the anomalies of the past, to be seen as making sincere an attempt to create a meritocracy.
Performance & Rewards
Make sure that employees understand the link between rewards and the organisation’s performance
This can be an excellent time to revisit and reset the performance management and reward systems in organisations along with various other OD interventions that can help strengthen the leadership framework at a time when there is acceleration of all digital transformational initiatives.
Rewarding employees correctly based on how they perform is a tricky area for companies, but if they get it wrong then productivity and motivation levels can nose-dive.
Performance & Rewards
Align reward system with individual satisfaction and organisational effectiveness
How do you see the performance and rewards systems landscape across organisations at present? RM In current scenario especially post pandemic era, the performance and rewards systems landscape across industries are rapidly changing and evolving. Companies are increasingly prioritizing employee...
Boosted employee recognition and greater employee rewards are the very first steps - and if each and every employee feels valued, they'd be more productive.
