WORKFORCE
I have not been through many companies. I was for 9 long years in my previous company, however I had many experiences. And the current company that I working for, is an all new experience.
There is an important fact that I learn't through all the 9 years, 3 years prior to that and now in a new era altogether. The most important factor about making a company, being a company and making it successful,are the people.
Who are the people that make the company and their rating according to me on the scale of 1-5, 1 being the lowest and 5 being the highest.
Top Management -- 3
Middle Management -- 3
Workforce -- 5+
Maybe because I have been very close to the workforce. Not that I have not been close to the Middle Management or Senior Management. I have been a part of Middle to Senior Management team.
However lets look at the structure or rather the composition of the structure. "The Pyramid"
The Senior Management is almost 5% of the company's total population
The Middle Management is almost 10% of the company's total population.
The workforce is almost 80% to 85% of the company's total population.
So majority of the people are part of the workforce hence welfare of the workforce is the most important factor. I have always believed that keeping the workforce together, motivating them, and rewarding them is the highest priority makes the company grow.
Keeping the Workforce Together
I have not been through many companies. I was for 9 long years in my previous company, however I had many experiences. And the current company that I working for, is an all new experience.
There is an important fact that I learn't through all the 9 years, 3 years prior to that and now in a new era altogether. The most important factor about making a company, being a company and making it successful,are the people.
Who are the people that make the company and their rating according to me on the scale of 1-5, 1 being the lowest and 5 being the highest.
Top Management -- 3
Middle Management -- 3
Workforce -- 5+
Maybe because I have been very close to the workforce. Not that I have not been close to the Middle Management or Senior Management. I have been a part of Middle to Senior Management team.
However lets look at the structure or rather the composition of the structure. "The Pyramid"
The Senior Management is almost 5% of the company's total population
The Middle Management is almost 10% of the company's total population.
The workforce is almost 80% to 85% of the company's total population.
So majority of the people are part of the workforce hence welfare of the workforce is the most important factor. I have always believed that keeping the workforce together, motivating them, and rewarding them is the highest priority makes the company grow.
Keeping the Workforce Together
This I feel, needs to be on top of everything. A company that Works Together, Stays Together, GROWS Together. The company, in all circumstances in all stages of the life cycle of any project whether external or internal MUST be together. Team work and ample contribution from each team member ensures that all projects are taken to completion. This calls for every team member been taken care of.
So how does one take care of the team.
Motivating the Workforce
It is Ultra important that all members of the team are motivated at all times. Managing a team whether large or small is an uphill task. Keeping them motivated at all times is further more difficult. At any given moment of time the mental and physical status of each and every member is not the same. It needs to be recognized and managed accordingly. Recognition is one of the most important factor of motivating the team members. And not just recognition helps, recognition at the right time and acknowledgment at the right time is as important. How does one recognize a team member?
Rewarding the Workforce
Rewarding the workforce is also a major factor of making a company grow. Rewarding can be look at as multi -faceted activity. Rewarding can be in terms of Monetary, Emotional and/or Material.
Monetary Rewards--Can be in the form of Salary Review to a higher scale, one time monetary review like bonuses or plans like retirement plans, or money saving plans.
Emotional Rewards--Can be in the form of growth within the company, by promoting to higher designation.
Material rewards--Can be in the form necessary materials being given out as rewards, or rewards that normally a person would not acquire in day to day life
Next post: Workplace
Rewarding the Workforce
Rewarding the workforce is also a major factor of making a company grow. Rewarding can be look at as multi -faceted activity. Rewarding can be in terms of Monetary, Emotional and/or Material.
Monetary Rewards--Can be in the form of Salary Review to a higher scale, one time monetary review like bonuses or plans like retirement plans, or money saving plans.
Emotional Rewards--Can be in the form of growth within the company, by promoting to higher designation.
Material rewards--Can be in the form necessary materials being given out as rewards, or rewards that normally a person would not acquire in day to day life
Next post: Workplace
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