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Entrepreneur | IT & Business Consultant | Project Manager
As per most research carried out in motivating employees through intrinsic and extrinsic rewards, the traditional outcome has been that employees gets motivated and contribute more in increasing the productivity. However, an issue arises whether most employers consider factors such as markets rates for a particular job within an industry, impact on social standards specially within the Asian cultural context and long term impact to employees personal lifestyle in the case to unemployment due to instability of the line of business and various economic factors (E.g. Recession). Does Rewarding Vs. Productivity behave like a traditional bell curve in the long run.
Most organizations (Large, medium and small) send their employees for training programs as a habit or a result of an performance appraisal. And most don’t consider whether the employee’s really interested or is he/she the most suitable for the selected training. Despite the fact whether the training is going to be useful for the organization or to themselves, employees also tend to attend these trainings just for the peripheral benefits that they experience from it. Therefore most organizations have not been able to gain the expected benefit through train budgets.
So as a suggestion, what if the organizations let the employees come up with training programs, which will tally with their profession? This could be considered as an output of a performance appraisal. The employee gets the actual perk once the training is completed and successful knowledge sharing has taken place. To make sure the requested training benefits the organization, get the employee to demonstrate the selected training will be useful for the organization and also how he/she plans to share the knowledge. There are few small firm with low training budgets who practice this method and has been successful.
Of cause formalities such as training bonds can be consider as a standard training procedure.