Economic downturns, financial difficulties, changing market conditions, mergers or other factors may suggest that reducing the workforce is the answer. This has been a very pervasive managerial practice for over decades, but the question that arises is – how successful is this practice in reality ?
In many cases the pain related to downsizing cannot be avoided but time has shown that such activities rarely deliver the anticipated results. The impact on the human element may in many cases outweigh the minor benefit gained in terms of reduction in HR costs.
Do the true assets of an organization, its employees, need to undergo development activities to help them grow and develop ?
Being optimistic is one of the most valuable traits that you can develop within yourself and it is a quality that will help you to live a happier life and in fact be a better liked person within your organization and even in your personal life. It is also a very important attitude to maintain when you are going through a tough patch or when you are up to facing difficult challenges.
The ability to execute effectively is key to the success of an organization as well as an individual. Designing the best strategy in the world is useless if the organization does not possess the ability to effectively execute it.
Motivating people to do their best work, is the greatest challenge being faced by Managers & executives in today’s corporate world. In fact it is a centuries-old problem which has been been addressed as far back as Aristotle’s time.
Times have changed and for most people the thought of a career for life is no longer an option. In fact Generation Y or Millenniums are known to be incredibly sophisticated as they are growing up in an age of rapid change technology wise. They have seen it all and been exposed to it all since early childhood as computers and internet has been with them since they opened their eyes in this world.
HR is first 