This document provides 10 principles for managing human resources as an entrepreneur:
1. Recruit carefully through thorough personal interviews and assignments rather than just objective tests.
2. Thoroughly orient new employees on the company's philosophy and mission.
3. Carefully place employees in jobs that suit their passions and enable extra effort.
4. Judiciously provide training when it will benefit the employee's performance and their retention.
5. Regularly appraise employee performance.
6. Motivate employees daily through rewards, examples, and support.
7. Fire employees rarely and be tolerant of mistakes.
8. Know employees personally to better support them and earn loyalty.
9. Share profits
The Critical Role Coaching Plays in Developing Your EmployeesCenterfor HCI
Each day, leaders spanning the globe are discovering the positive impact that coaching employees can have on their organization (and bottom line). Managers are discarding outdated notions of being ‘the boss’ and instead, they are creating an increasingly nurturing environment by offering support and regular feedback to their employees. Not only is this an approach that employees want (dare say desire), it is also proven to be one of the best ways to improve individual and collective performance.
Keep Employees Engaged, Happy, Productive, and Loyal to an Organization. Be flexible: Not just with hours but how you treat them. Motivating employees is an important component to a successful company.
Educaterer India is an unique combination of passion driven into a hobby which makes an awesome profession. We carve the lives of enthusiastic candidates to a perfect professional who can impress upon the mindsets of the industry, while following the established traditions, can dare to set new standards to follow. We don't want you to be the part of the crowd, rather we like to make you the reason of the crowd.
Today's Effort For A Better Tomorrow
The Critical Role Coaching Plays in Developing Your EmployeesCenterfor HCI
Each day, leaders spanning the globe are discovering the positive impact that coaching employees can have on their organization (and bottom line). Managers are discarding outdated notions of being ‘the boss’ and instead, they are creating an increasingly nurturing environment by offering support and regular feedback to their employees. Not only is this an approach that employees want (dare say desire), it is also proven to be one of the best ways to improve individual and collective performance.
Keep Employees Engaged, Happy, Productive, and Loyal to an Organization. Be flexible: Not just with hours but how you treat them. Motivating employees is an important component to a successful company.
Educaterer India is an unique combination of passion driven into a hobby which makes an awesome profession. We carve the lives of enthusiastic candidates to a perfect professional who can impress upon the mindsets of the industry, while following the established traditions, can dare to set new standards to follow. We don't want you to be the part of the crowd, rather we like to make you the reason of the crowd.
Today's Effort For A Better Tomorrow
Kabir Kassam provides 5 quality tips on how to boost employee morale. A low morale can lead to a lack in cooperation, low productivity and a heighten in turnover rates, Ultimately, a low morale can hinder a business from reaching its goals.
Employee Motivaton is the key factor to help up the
capacity of an association. In the globalization stage, each
organization needs to continue itself in a furiously focused
market. Representatives are the fundamental elements to show
the business objectives into the real world. Subsequently, in
the present world each association attempts to deal with its
human asset office to keep its representatives inspired. In that
specific circumstance, some of the administration speculations
have been rehearsing by them. Business work or their
presentation in the market can be assessed by surveying the
degree of inspiration of representatives. Inspiration can
assume a lead job to get the expert achievement in each
budgetary year in a less exertion way.
While trying to find what inspires representatives,
representative inspiration inquire about papers report that
what spurs laborers today is fundamentally connected to the
qualities and objectives of the person. Starting in the 1970's, it
appears that there was a sensational move in the qualities and
needs of the ordinary laborer. As individuals turned out to be
progressively taught and the economy saw a sharp decay of
the Protestant hard working attitudes, what representatives
needed from their managers changed also.
Are you affirming or sabotaging your employees ? Are you defining them as able or not able to fulfill what is required to reach company goals? What does that say about your leadership?
Top 10 Tips for Motivating Your EmployeesMark Wardell
When business owners try to change the behaviour of their employees, they often use money as a motivator but rarely does it work and when it does, the changes are typically short-lived because the old habits eventually return. Today’s business tip is to make sure you’ve got the right people in the right positions with the right set of goals first, then you can worry about compensation…
References:
Mathis, Robert L. Jackson, John H (2010). Human Resource Management 13th Edition. South-Western Cengage Learning. ISBN 9780538453158
Employee Retention. Retrieved from: http://www.whatishumanresource.com/employee-retention
How to Build a Stronger Happier Workplace - whitepapersmartOne Prepaid
The first thing employees refer to when rating their overall job satisfaction is their "work environment". Creating the right work environment is crucial to your brand within the corporate community.
Read "How to build a stronger, happier workplace" for insight and suggestions that can help you make a difference.
This chapter clarifies the traditional concept of Human Resources with Human Capital. Human Capital views people as assets for what knowledge and skills they bring to a company. While the term, Human Resources, seems like a synonymous definition with Human Capital, over the past few decades, HR has developed into a term used to describe the management of people. Human Capital, on the other hand, recognizes a business leader’s need to surround themselves with other knowledgeable people who possess experiences in specific areas of specialization to help their company succeed. In short, business managers manage projects, materials and time. Business leaders inspire and guide people.
Kabir Kassam provides 5 quality tips on how to boost employee morale. A low morale can lead to a lack in cooperation, low productivity and a heighten in turnover rates, Ultimately, a low morale can hinder a business from reaching its goals.
Employee Motivaton is the key factor to help up the
capacity of an association. In the globalization stage, each
organization needs to continue itself in a furiously focused
market. Representatives are the fundamental elements to show
the business objectives into the real world. Subsequently, in
the present world each association attempts to deal with its
human asset office to keep its representatives inspired. In that
specific circumstance, some of the administration speculations
have been rehearsing by them. Business work or their
presentation in the market can be assessed by surveying the
degree of inspiration of representatives. Inspiration can
assume a lead job to get the expert achievement in each
budgetary year in a less exertion way.
While trying to find what inspires representatives,
representative inspiration inquire about papers report that
what spurs laborers today is fundamentally connected to the
qualities and objectives of the person. Starting in the 1970's, it
appears that there was a sensational move in the qualities and
needs of the ordinary laborer. As individuals turned out to be
progressively taught and the economy saw a sharp decay of
the Protestant hard working attitudes, what representatives
needed from their managers changed also.
Are you affirming or sabotaging your employees ? Are you defining them as able or not able to fulfill what is required to reach company goals? What does that say about your leadership?
Top 10 Tips for Motivating Your EmployeesMark Wardell
When business owners try to change the behaviour of their employees, they often use money as a motivator but rarely does it work and when it does, the changes are typically short-lived because the old habits eventually return. Today’s business tip is to make sure you’ve got the right people in the right positions with the right set of goals first, then you can worry about compensation…
References:
Mathis, Robert L. Jackson, John H (2010). Human Resource Management 13th Edition. South-Western Cengage Learning. ISBN 9780538453158
Employee Retention. Retrieved from: http://www.whatishumanresource.com/employee-retention
How to Build a Stronger Happier Workplace - whitepapersmartOne Prepaid
The first thing employees refer to when rating their overall job satisfaction is their "work environment". Creating the right work environment is crucial to your brand within the corporate community.
Read "How to build a stronger, happier workplace" for insight and suggestions that can help you make a difference.
This chapter clarifies the traditional concept of Human Resources with Human Capital. Human Capital views people as assets for what knowledge and skills they bring to a company. While the term, Human Resources, seems like a synonymous definition with Human Capital, over the past few decades, HR has developed into a term used to describe the management of people. Human Capital, on the other hand, recognizes a business leader’s need to surround themselves with other knowledgeable people who possess experiences in specific areas of specialization to help their company succeed. In short, business managers manage projects, materials and time. Business leaders inspire and guide people.
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1
Observation Paper
Observation Paper for Equity Management
Taihessa Lee
Organizational Leadership
Professor Stephen D. Griffin
June 30, 2013
The purpose of this paper is to describe the observable aspects of my current organization’s culture. I will address my perceptions using the following three viewpoints: vision, mission and core values. I am currently employed at Equity Management Corporation, which is a leading third party management company throughout the property management industry. It is a highly competitive organization that works on creating opportunity for their employees and managing with integrity. On the grounds that I work for Equity Management I know first-hand the extent they will go to meet their expectation out of every department and one thing they will always strive to be number one in the housing market. The greater part of these things are expressed inside Equity Management’s vision and mission statement. Their vision and mission are similar as it precisely what the company does and how it plans to develop.
The Mission: Managing with integrity. The Vision: Creating opportunity. The Core Values: will focus on the heart of our company. There are many other parts of Equity. Leasing Agents are the face of Equity. Property Managers are the arms of Equity. Regional Directors represent the head of Equity. But it takes one fundamental body part to keep all this going- the heart. Ultimately, the heart has to beat to make the parts all function together. The heart is where love, care and concern reside evidenced by our commitment to the job, one another and the people we serve. As Equity pays attention to the condition of our personal and corporate heart they can experience a deeper commitment to our everyday activities. The owner’s vision is to improve the heart of Equity in a deeper way. The owner realizes that our hearts inspire us to be our best, and create loyalty in ourselves. Becoming #1 in the industry means being financially strong and growing. But being #1 is also found in a company filled with loyal employees with high integrity, stellar performance while showing you care. I have witnessed this in my current employment with Equity.
Working at the corporate office was hard for me at times because of how clan culture the company is however it likewise has numerous motivating forces as well. I started my employment with Equity Management three years prior. This employment has been assisting me to develop passionately and also professionally. They are showing me to strive to be passionately and the best constantly. The major lesson I am learning while at Equity Management is their Core Values which is the heart of an employee to keep it functioning properly.
A great deal can be learned about an organization by analyzing and exploring the various aspects of organizational observation. My observation of Equity’s leadership and organizational culture would be healthy organization culture. .
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1. ENTREPRENEURS' GUIDE TO MANAGING HUMAN RESOURCES
Simple 10 principles for managing HR
11/28/2013
(Dr. T.K. Jain’s series for entrepreneurs)
Dr. Trilok Kumar Jain
2. ENTREPRENEURS' GUIDE TO MANAGING HUMAN
RESOURCES
by :
Trilok Kumar Jain
Dean, ISBM Suresh Gyan Vihar
University, Jaipur, India
jain.tk@gmail.com
Mobile : 9414430763
Author of book on: Human Resource
Management
for whom?
Are you an entrepreneur?
- this will help you
thow who have become entrepreneurs
those who aspire to be entrepreneurs
those who aspire to train entrepreneurs
thow who aspire to support entrepreneurs
3. Entrepreneurship is all about managing team and
transforming team to out-performing organisations.
Entrepreneurship is to convert 2+2=4 to 2+2=5. This is
not easy. It is to reinforce and build commitment among
the employees. It is to build their sense of commitment.
It is to create aspirations among them. The task of
entrepreneur is not just to manage enterprise; it is also
to support the entire team during their personal
difficulties also. The entrepreneur of tomorrow will have
to go beyond the typical roles of a manager and extend a
helping hand of a friend, philosopher and guide to the
employees.
It would be wrong to treat employees as employees only.
It would be better to elevate the employees as partners
in progress, partners in growth and partners in
organisation's profits. Organisations will be able to grow
if they are able to have people who aspire to change the
organisation as per changing times.
Organisations are build on five fundamentals : a. shared beliefs & culture: organisation is a belief
4. system. You have to believe in your organisation and its
eternity. You have to have faith in the work of the
organisation. You have to trust your organisation. You
have to bring the best out of yourself for the organisation
because you have to believe that it is for a good cause.
Beliefs have to be shared, discussed and evolved,
organisation has to be built around beliefs. As an
entrepreneur, you have to create a culture of excellence
and re-create it. You have to create a system where
people are able to support each other and are able to
develop a culture of mutual support and teamwork. It
also means a well established hierarchy, division of work,
clarity in roles and mutual support. Take honey-bees for
example, they are great organsation – because they work
in a culture of excellence. Take Geese for example, they
develop leaders, and leaders help others and give way to
others to take leadership roles.
b. ideas : the ideas differentiate organisation from other
organiation, products from other products, services from
other services. The ideas build the reasons for the
existance of the organisation
c. process innovations: Innovations are the way through
5. which the organisations are able to improve their
working constantly and bring out the best from the
teams. The collective synergies are possible due to these
innovations and processes.
d. superordinate goals : organisations create
superordinate goals - more important goals than our
individual goals. Employees pursue these goals vigorously
and love them. The employees must imbibe these goals
and follow them religiously.
f. systems and procedures : Organisations create systems
to
ensure
stability,
fairness,
transparency,
professionalism, stability, order, and discipline. These
systems are created and re-created regularly and they
give the backbone to the organisation.
10 Principles that will help you manage your HR
1. Recruit Carefully
People will tell you to adopt objective tests, written tests,
and aptitude tests for recruitment. You may adopt these.
But more important than these are the detailed
6. personal interviews and assignments. You can judge
employee on the basis of his score in written test. Its not
his capability, but its his willingness, his commitment and
his aspirations that will help you the most. So more than
the objective tests, you have to rely on subjective tests your own ability to judge people. You have to invest your
time with the candidate and see that you are able to
explore the person thoroughly. Probe deeply and ask
questions like Why, what for, how, to know about the
psychology of the employee. Recruiting good employees
will enable you to take the organisation to rocket hights.
7. 2. Orient Thoroughly
Before putting an employee to task, give him orientation.
Its about briefing them about your philosophy, your
ideals, your beliefs and your mission. The employees
must be glued to your way of working before he starts
working. He must really respect the organisation as a
great place - not because it is looking great, but because
of its soul - which is in the shared vision that you are able
to create.
3. Place Properly
Square peg in square hole, round peg in round hole. Put
the employees in the jobs for which they are best suited.
Place employees carefully. Give them assignments that
can enable them to work great. Every employee is not fit
for every assignment. Give employees the assignments in
which they will enjoy the most and will exert extra
efforts. Every employee can put in at least 100% more
efforts in some or other sector - provided the work is
related to his passions. Identify the areas where the
employee will click. Periodically assess and re-assess and
rotate employees to check their suitability. Identify the
hidden potential of the employees.
8. 4. Train Judiciously
Training is an investment. But before sending the
employee for training - ensure that employee is going to
stay in your organisation. First take a feedback from
other employees that this employee will become your
asset and will work here - then decide to send him for
training. Employees must aspire for training and let the
employee approach you for a training programme. Send
the employees only if you are sure that the employee is
really hungry for the training programme. Training has
following costs : - 1. cost of training 2. cost of employee
(his manhours) 3. cost of replacing employee 4. cost of
travel and other related costs.
Training must generate returns after training. The returns
will be possible only if there is proper planning before
training. I have seen in public sector that an employee is
given training in X and given assignment of Y. His training
gives him no help in his job. This cannot be tolerated by
an entrepreneur. An entrepreneur has to ensure that
each training is reflected in the performance of the
employee.
There are some practical suggestions: -
9. a. give online training to the employee - so that there is
no man-hour loss
b. give shorter duration trainings rather than long
duration training
c. give practical training rahter than theoretical training
d. give on the job training rather than off the job training
5. Appraise Regularly
Only public sector organisation can afford to not to have
performance appraisal system in place. Entrepreneurs
have to establish a fair, transparent, effective
performance appraisal and periodically assess the
performance of the employee.
6. Motivate Daily
Motivation must be a regular process. You can avoid
food for a day or two. You can avoid water for a day or
two. You can avoid other work for a day or two.
Motivation is a constant process. Motivation can come
from various modes, a few examples are as follows : a. rewarding good employees
10. b. sharing a good book on motivation with the
employees
c. sharing a good example
d. sharing your personal achievement with the
employees
e. sharing success stories
f. just a supportive smile
g. motivational talk by some outsider
h. attending webinar by motivational speaker
i. reading and sharing e-magazine on inspiration and
motivation (take for example IU e Magazine).
7. Fire Rarely
Entrepreneurs generally command very high power in
organisations and they are widely respected, but they
11. should not use their power negatively too often. It is
human to make mistakes and employees will make
mistakes. Entrepreneurs must give them a chance to
make mistakes. They have to be tolerant to the small
losses that are caused due to mistakes by employees.
8. Know Personally
Entrepreneurs must know the employees personally, and
must be prepared to extend a helping hand to the
employees in all their difficulties. If you know that an
employee is facing financial difficulties, extend your
helping hand to the employee so that the employee
remains loyal to you for ever. If you know that an
employee is going to have some personal engagements,
do enable him to execute his personal responsibilities. It
would be great of employees if you call them and greet
them on their important days (like birthday, anniversary
etc.). Knowing employees personally will enable you to
manager your organisation better.
9. Share the Profits Annually
Convert your employees into business partners. Share
you profits – in the form of bonus, profit sharing plans
12. etc. These will help the employees to change their
perspective from being employee to being owner. Once
their perception changes from being employees to being
owners, they will become the true pillers of your
organisation. Organisations are built on such pillers, who
care for the organisation and are passionate for its
success. As an entrepreneur, you have to spark the
entrepreneur in every employee and convert him into
your mirror – for some or other segment of the business
enterprise.
10. Gift Lavishly
Employees expect the entrepreneurs to give lavish gifts
during new year, Diwali or other such occasions. The
entrepreneurs must show their generosity by giving gifts
that the employees would always love to preserve and
show off. Gifts connect the entrepreneurs to the families
of the employees and it creates a sense of belonging
among the employees.
Pl. do read my other articles also - which are freely available on the net : 10 Point Orientation Programme for the Future Entrepreneurs
Beginners Guide to Career Enrichment
13. Biographies of Great Scholars from Bikaner
Bikaner’s Greatest Role Models of our times
Sujit Lalwani – An Inspirational Leader and Social Entrepreneur
Abhay Jain Granthalaya Bikaner
Harakh Chand Nahata – The Great Social Entrepreneur
I also need your support - I also need your network - I also need your patronage - I also need you.