People Management Strategies for Business Success

December 29, 201611:21 am4355 views

How do you manage people in your company? Are they put in the right place at the right time? How do they perform? How do they contribute and provide impact to the organisation? Are they motivated to achieve business goals? Do they meet company expectations? Does company meet theirs? A couple of these questions tend to hover every HR personnel’s minds.

Money is not the sole determinant to guarantee employee satisfaction and company growth. Rather human capital is the most important asset for every company. Along with other elements, human capital forms a powerful force that will support business sustainability.

However, many employees see this notion as mere empty words to please their ears since leaders do not put these words into real action. Considering the importance of human capital, good people management strategy is highly crucial for every leader to make business thrive and succeed in the competitive times.

See: HR Challenge: Meeting Evaluation and Promotion Expectations of a Diverse Workforce

Below are some people management strategies for business success:

Recruitment

Recruitment is the early process before candidate enters the company’s operational zone. To optimise capital utilisation, HR professionals should recognise what position, knowledge, skillsets, and expertise are needed by the company before advertising a job opening. Unless you want to hire interns, make sure that this position will be beneficial for long-term projects.

Take advantage of modern and creative recruiting methods such as job sites and social media to reach wider talent pools across the world. Rather than traditional one, conduct behavioural interviews which is more effective to screen out candidate’s potential.

Onboarding

Onboarding plays an important role to help new hires adapt sooner and transition smoothly to the new workplace culture and environment. First day at work, creates first impression for a new employee to decide whether they like the new place or not.

Successful onboarding would assure new joinees to stay, whereas the chaotic workplaces will push them to leave quickly. Use people management strategies by inviting everyone in the team to greet new hires onboard with utmost hospitality.  

Training and development

Training and development for every employee should be done continuously to retain top talent with the company. As HRs, you should have keen eye for detail in identifying employees with high potential and provide them with proper training to develop their performance.

If you think HR department cannot facilitate advanced training and development, then the company should consider hiring professional trainers and consultants as a good alternative.  

Engagement

Engagement is critically needed in this era, especially when skilled talents have the freedom to move easily from one company to another. To make the right talent stay in your company, you need to initiate engagement as a people management strategy.  

Know about their expectations on job and whether they are satisfied with their jobs. Make employees feel involved in the company decision-making process by inviting them for formal meetings on the company’s future, ask for feedbacks, and perform follow-ups to seek their inputs.

Performance review

Performance review should not be seen as mere bureaucratic formality, which is conducted once in a year. It is a moment to assure that the team has met company expectations and evaluate each individual’s working and determine their progress growth graph through periods of ups and downs.

If some problem arises internally within the organisation, do not let it linger for long. Summon team members to talk it out and resolve the problem together.

Rewards

Rewards are a form of appreciation for employee’s achievement. Giving rewards and recognition has many positive advantages. Not only does it make the employees happy, but it also boosts productivity, inspires others to work harder, and improves overall team performance.

Read also: How Can HR Managers Assess Company Culture?

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