The ultimate goal of every company when hiring workforce is, increasing work efficiency and productivity that eventually contributes to the profitability of the firm. No company ever invested on employee trainings, sessions, recruitment and rotation with different incentives in the back log. Moving forward, the challenging and competitives times have driven some very innovative approaches in work life, and the aim of these approaches is to retain the best talent and keep employees motivation level high enough to produce excellent results. Here is an extract of the 5 innovative approaches that are widely being adopted and applied by some of the most preferable companies:
1) Having a daycare for the kids
Even the most strongest economy of the world sees a lower percentage of working women when compared with the opposite gender. To inculcate an environment that is positively motivating for mother to carry on with their careers without compromising on family life and harmony, child care facilities have been opened up in some of the best companies. This little contribution has driven up productivity levels and added another dimension of worklife for women, the quest between balancing career and family has been made a little easier with this convention.
2) Allowing work hours outside of the 9 to 5
Traditionally, from the era of 1980’s to roughly 20 years later, there were hardly any companies that used to offer flexible working hours facility for its employees. The advent of technology and internet has encompassed many work occupations and made the idea of working from home in flexible hours possible. This gives an added benefit to those who have to juggle between several responsibilities, may it be educational commitment, traveling needs or looking after children or elderly of the family.
3) Hiring globally, not just locally
Some of the best companies have raised bar graphs of productivity, profit and results to a great level through reducing costs and increasing quality. This has been made possible with the advantage of the differences in currency. In some countries, lower amount of pay equals to higher value according to the currency it would be paid in. Hence, hiring people by decentralizing job tasks not only provides monetary value but also increases the results in terms of profits. Managers now work with team members across the globe.
4) Adapting to online marketing with social media
From the many innovative changes that have taken place over the years, some of the companies that are seeking ways to adopt employee friendly yet profit making practises have leaned on the advantages posed by social media marketing. SMM gives off flexible working hours advantages, no boundary and limit audience reach out and extensive marketing opportunities for a company in low cost. Where marketing specialists needed time and money to conduct market researches, SMM provides targeted reports automatically. This has indeed taken off huge labor work pressure and marketers have more time to invest in actual strategy formulation activities.
5) Management communicating with employees on an equal level
The protocol that Gen X CEOs and managers used to receive has reduced down to more friendly, open and communicative terms with Gen Y. This has more positive implications rather than negative ones. It has lead to a more cohesive corporate strategy, employees feel more part of the firm and have also inculcated excellent communication paths that lead to optimum performance and profitability for a company.