Key Challenges of the Current Workplace
Company owners often strive to make the working environment as pleasant as possible for their employees. They hope that in doing so, motivation within the firm will increase, which will boost employees' performance and raise productivity. However, there are still many examples of workplace challenges that affect employees. Company owners should make it a point to be aware of these challenges and set up policies to handle the different issues.
1. Employee Engagement
Employees who are engaged at work feel connected with their organisation. They believe that the work that they produce is important, which motivates them to work harder. Additionally, employees who are engaged to the organisation are enthusiastic in the work that they produce for it. This will lead them to contribute actively to the organisation; they may even come up with ideas to further its market standing and reputation.
However, the lack of employee engagement is a key issue in several companies today. According to Gallop, this costs American businesses from $450 billion to $550 billion annually when absenteeism, workplace accidents and higher healthcare costs are taken into consideration.
In order for company owners to get their employees to be engaged with the organisation, they need to communicate effectively. For instance, they can initiate a culture of communication where the managers and the employees under them share common goals that they hope to work towards as a team. It is also crucial that they organise training sessions and regular meetings with their staff. Essentially, these will be a good platform for them to get to know each staff member better. These gatherings are also a good opportunity for company owners to present the company's vision to employees, which will give them assurance that their work is important and valuable to the organisation.
2. Time Management
A difficulty that many employees encounter is prioritising their work, especially when they are faced with an overwhelming pile of responsibilities. For this reason, time management plays a critical role in the workplace. In fact, the ability to manage one's time effectively will make the individual more productive.
In order for employees to possess good time management, they need to first be certain of their own role and responsibilities in the office. This will help them to understand the urgency of each task, which will lead them to prioritise their work more effectively. Company owners must also ensure that new employees fully understand the tasks that have been assigned to them. Additionally, it is important that each staff member knows what is expected of them and is able to handle their responsibilities efficiently while making minimal errors.
3. High employee turnover
According to a global study performed by the management consultancy Hay Group, the employee turnover rate in Singapore is set to increase. Losing employees that performed poorly or were negative influences in the workplace will have positive effects on the company. However, unplanned and frequent employee turnover will reflect badly on any organisation. This is often because high labour turnover suggests that the company is not selecting the right employees, failing to provide employees with a positive work environment and/or losing out to other employers who are able to offer better pay and benefits.
To reduce employee turnover, company owners must set the suitable compensation and benefits. They should also try to provide employees with a rewarding work environment. Ultimately, staff members crave recognition from their managers. They are also likely to want to be offered a more challenging position in the firm that will allow them to realise their potential in their workplace.
In conclusion, companies need to deal with the key challenges the affect the current workplace effectively. This will help them to be successful even during seasons of poor economic outlook. It is also crucial to note that it is not only the duty of the company owner to help the firm to thrive amidst these challenges. In fact, a positive change in the firm can only be brought about when every employee chooses to brainstorm ideas on how it can work towards solving these issues.
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