Creative thinking has always been one of the main aspects in the successful implementation of any business strategy. In the prospect of business growth and development, it is necessary to establish an effective decision-making approach, which will help to outline the company’s strengths and decrease the negative impact of weaknesses. The Six Thinking Hats technique is a framework for thinking and decision making introduced by a famous expert in the sphere of creative thinking, invented in the early 1980s – Dr. Edward de Bono, and is licensed by Advanced Practical Thinking (APTT), of Des Moines, Iowa. Organizations such as Prudential Insurance, IBM, Federal Express, British Airways, Polaroid, Pepsico, DuPont, and Nippon Telephone and Telegraph use the Six Thinking Hats method.… Read the rest
Human Resource Strategies
Idea of Workers Participation in Management
Workers participation in management refers to the involvement of employees in the decision-making process and management activities of an organization. This approach to management is based on the belief that employees are valuable assets to the company and should be given a voice in the direction and operations of the organization. Workers participation in management can take various forms, including collective bargaining, works councils, employee representation on boards, and employee involvement programs.
The concept of workers participation in management has its roots in the labor movement of the late 19th and early 20th centuries. During this time, workers were organizing to improve their working conditions and wages, and were calling for a greater say in the decisions that affected their lives.
Work-Life Balance: Why it Matters and How to Achieve it
Work-life balance is a concept that has gained a lot of attention in recent years. It refers to the ability to balance one’s professional and personal life without either one interfering with the other. The goal is to maintain a healthy balance between work and personal life so that you can enjoy both without sacrificing either one.
In today’s fast-paced and demanding world, work-life balance is more important than ever. With the rise of technology, the boundary between work and personal life has become increasingly blurred. Many people find themselves working longer hours, answering emails after hours, and feeling overwhelmed by their workload.
The Alignment of Compensation and Business Strategies
Compensation is a key element in the success of any business. Although compensation plans were not always seen as a strategic business initiative, their huge impact on a company’s bottom line, recruiting, retaining and motivating people has led to compensation design being considered an important element to achieving success.
Compensation and Business Strategies AlignmentIt is essential that a fair, competitive and attractive compensation plan is created in order to ensure the future success of the company. If the compensation plan is carried out properly it can improve organisational effectiveness, support human capital requirements of a business, and motivate and reward achievement of key corporate strategic and financial goals.… Read the rest
Adoption of Strategic Human Resource Development (SHRD) Practices in Organizations
Management requires that all organizations and businesses get the available resources together to enable them to accomplish their goals, objectives, and aims effectively and efficiently. This means that there must be the act of planning, staffing, controlling, and directing the organization’s manpower for the realization of these purposes as set by the organization. The act of developing human resources is cited as an opportunity through which the employees can develop their own personal skills and other organizational skills needed for the successful operation of the business. Strategic Human Resource Development (SHRD) is the linkage between the strategic goals and objects with the resources available in the organization.… Read the rest
The Importance of Human Resources Management in Organizations
The functioning of modern organizations is highly dependent on the effectiveness of human resource management, which affects consistently organizational development. In actuality, human resources comprise important assets of any organization. In such a situation, many organizations are concerned with the improvement of the performance of human resources through motivating employees and developing effective approaches to human resource management. Traditionally, human resource management played an important role in the effective functioning of an organization. At the same time, the present epoch is characterized by the development of numerous human resource challenges which were practically unknown in the past. In such a situation it is extremely important to clearly identify the problem or problems and their major causes in order to be able to cope with the HR challenges and maintain the normal functioning of organizations.… Read the rest