Employees are the assets. This is the most ridiculous and the old fashion Punch line. We have ever heard. In every speech in the corporate function or any other get together every manager every ceo’s are always mentioning employees are the assets.
They didn't know what an asset means?
An asset is an economic resource. Anything tangible or intangible that can be owned or controlled to produce value and that is held by a company to produce positive economic value is an asset. Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).[1]
According to the definition of asset it is represented the value of the ownership and can be converted into cash.
Another mean asset are lifeless, assets have no feelings. Assets mean representing of financial or economic value. This mentality has to be changed because in every major Organization’s owners are thinking that employees are not the assets. They are equally partners for the growth of the organization. Because assets cannot be make a decision on very on. Growth partners can make a decision; can handle the task very deliberately. Money employers think all the employees are assets, and therefore get repeatedly mentioning the same. Assets have economical or financial value just like your organization’s market share, manufacturing facility for the research and testing facility these are the assets, not the employees.
You cannot simply state that employees are the Assets of the company. This thing has to be very sounds ridiculous and most absurd. Today is the wave of the capitalism everybody has their own financial goal or another thinking to get higher reimbursement of the services.
Today's employees are smart goal oriented, and practically much more self-driven in compared to a decade ago corporate scenario.
In to the Great and Immortal words of Richard Branson.
Clients do not come first. Employees come first. If you take care of your employees, they will take care of the clients.
This shows that the scenario has been changed over the years; peoples are human being not as an asset. If you give freedom and proper guidance to employees they can be very good growth partners for the organization. Satisfaction and respect to the job they are the most important to any employee. Pay scale is always comes on a first priority but right now employees don't hesitate to go out from the door when they don't get any respect or satisfaction or a very small amount of appreciation.
After all they are the human beings they have feelings they do care about their job, tasks, and their companies. but eventually their boss or the managers are very terrible to do the job, they Constantly neglect importance of the employee. They humiliate many of employees, who deserve respect in their position, but the managers are very much afraid, they think employees get a very much higher position and his/her own position will be in Jeopardy, for that doesn’t give the employee a chance to work with their own freedom. The constant neglecting and the absence of appreciation leads employees to the frustration and this always are a main reason for the resignation an employee.
Nowadays a much more human approach is needed towards employee engagement and Management. Much more appreciation and recognition methods needs to be applied. In the world of capitalism today employee will not hesitate to end engagement in the organization.
In my view companies should change the approach towards it must be more human and ergonomic.
Companies’ respective heads the human resources managers and the Talent managers must be working very synchronization so they can monitor the employees satisfaction and the engagement towards job. Which can be leading to the higher productivity and higher profitness to the organization where employee satisfaction its put on a high priority. Client satisfaction is also important but organization cannot underestimate the engagement and the satisfaction of their employees.
Employees Satisfaction can be monitor with internal survey, with the time to time rewarding or incentive management program, talent recognition program when you can reward employees productive output, it's must be noticed with respective managers and their colleagues.
It can create a healthy competition and self-Awareness of self-evaluation of the employee’s engagement and their output.
You can't tell employee each and every day what do and what should not to do. With the recognition program and the rewarding mechanism its creating a healthy competitive surrounding which is very grateful, what I have observed in my 13 years of Corporate life. Recognition and respect of the Talent, significantly improves contribution towards the organization.
It creates self-evaluation process among others wish you cannot provide with the intensive and lengthy one way communicated training. Training is also important but the training does not work on full audience you can't expect every member in the training program is going to be excellent or they can understand a fully. Without talent recognition and rewarding program employee engagement surely compromise the competitive instinct.
Let's say if you are working in organization from a very large number of years. your engagement your output your profile is impeccable, when your engagement, your output is not be measured enough and it's going to be neglected for each and every year’s performance appraisal. What do you think the employee can stay longer in the situation? Of course not every employee is not the same most of the times people leaving within a 1 or 2 years of services when the talent is not be respected or their engagement is not rewarded.
It's a responsibility of the company’s think tank. I have seen only few of companies in the India are very much taking care of their employees. Other corporate houses are not smart enough to invest in employees. They just keep following old ideology.
It's really disappointing when you say that peoples are leaving organization with the lightning speed. It's not every time you can blame the employee it must be checked with the employer themselves. How they are treating the employees how to ensure they keep working and keep motivated. Indian corporate culture it's still now surrounded with the old philosophy its must be changed.
Employee engagement and satisfaction must be put on priority for even better of the organizations and the employee themselves.
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