RETENTION & MOTIVATION

    The New Trend of Work- Gig Economy. Is it the Future and Challenges that come with it   Source: The gig economy and worker safety | November 2017 | Safety+Health (safetyandhealthmagazine.com)   Let us first define what is the Gig Economy before we go into our analysis. According to the UK government it is the exchange of labour for money between individuals or companies through digital platforms that actively facilitate matching between providers and customers on a short-term and payment-by-task basis (Charlton, 2021). Examples of the gig workers include short-term contracts, freelance work and independent projects. Companies such as TaskRabbit, Fiverr and Handy are famous in the Gig Industry (Lavri, 2023).This blog will focus on discussing its advantages, drawbacks, its effect on traditional businesses, its future and   and its challenges.   The Advantages and Disadvantages of the Gig Economy   Arguments For 1. The Flexibility its br...

  Should Companies focus on Financial Incentives or Intrinsic Motivators?     Source: IDE 736: Reflection 3: Intrinsic vs. Extrinsic Motivation (olieide736.blogspot.com)   Usually, we think that the best way to boost productivity is by of monetary incentives. Many organizations are focused on financial incentives that serve as extrinsic motivators. However, extrinsic motivation becomes a way to manipulate behavior rather than inspire desired outcomes. Nevertheless, to achieve the goal of leading an innovative, collaborate and adaptive workforce, intrinsic motivation is important (Cohen Bendon, 2021).   Just what is Extrinsic Motivation. It is behavior driven by external rewards such as money, fame., grades and praise. Using financial incentives as a motivator assumes that people are economically driven and completely rational. However, assumptions are often disproved by empirical findings and facts. Even if money is a motivating factor, it is more ...

  Employees should have autonomy or be micro-managed?   Source: (Ross, No Year) Before we delve into the subject, let us first understand the two terms: Autonomy is when the employees have the freedom to work on their own without any or very little interference from management. Employees decide how and when their work should be done (Wooll, 2021). Organizations that practice autonomy will have benefits that I will be discussing in the following paragraphs. Micro-Management - This is really quite the opposite of autonomy. The micro-management is when the boss supervises the entire tasks within the team. They do not give any decision-making power to their employees and obsessed with information gathering (Petrova, 2023). Now let me say which approach is ideal. Whether it is autonomy or micro-managing? From the definitions told above, it is quite obvious that micro-management will have a negative connotation. However, it has its own purpose. We should never jump ...

  Is Office Politics Good or Bad? Is it Prevalent Everywhere? Obviously Yes. Well. Let us first put the context of what actually is Office Politics. Source: (Nzalambi, No Year) Corporate Politics is the use of power, influence and networking within an organization to achieve personal or group goals often at the expense of others or the overall organizational goals. Moreover, it has a greater impact on organizational climate, employee morale, decision-making processes and career development opportunities within an organization (LinkedIn, 2023). Now that we have see what actually is Corporate Politics, let us now delve into the interesting aspect. Is workplace politics actually good? Is there something called Good Office Politics? Yes, there is. Good politics is all about building networking and building stakeholder relationships around the corporate hierarchy and across the industry (Corporate Finance Institute, No Year). All across the organization work in tandem in the...

  Does Trust Matter At Work Place? Also, does it have a positive Correlation With Motivation and Retention- Absolutely!!! Trust takes years to build, seconds to break and forever to repair (Grossman, 2022). Is this statement true or false? True. Trust is built on being honest, mutual respect, collaboration, being authentic and having empathy. When organization culture is built on such a structure it will foster strong bond among leaders and employees. This will improve employee engagement, retention and business results (Grossman, 2022). An environment built on Trust will have the following: Trust will enhance productivity, reduce stress and anxiety, and increase innovation. On the other hand, low trust will make businesses incur unnecessary costs, lower productivity and followers feel anxiety and stress (Patmore, 2020). Source: (Ulusoy, 2023)   Moreover, additional benefits of a positive trusted environment will bring (Martic, 2023): Enhanced teamwork and collab...