For years we have been making a purchase by physically visiting the store. However, in recent years, there has been a major shift in consumer buying behaviour. With the advancing technology, availability of devices, and increasing eCommerce stores, several shoppers have reduced visiting stores and started making purchases online. Especially during the pandemic period, almost everything has changed...
There are so many companies that are growing today and many of these companies though they garner huge profits and income, the main reason that they are thriving as an industry is because they are taking care of their people. These are the types of companies that really consider the whole enterprise as a family, rather than as a means to gain profit and use people for their gains.
But businesses really use people for their gains, and this would be good if and only if the exchange of benefits versus the profit is equal, simply put as long as the employee gets a just payment for a day’s work, then it will not be considered exploitation. So, what then are the factors that really make a company great? Here are some points to consider.
Values Human Labour
Companies that value the effort and sees the gem in human labour are the companies that usually thrive for long period of time. The reason behind this philosophy is that if employees are valued, they mostly likely become loyal and loyal employees tend to be more productive, and more efficient and they are an asset more than an accountability for the company. They tend to exert more effort for a company that they feel is looking out for them and does see their effort as a great contribution to the company functions.
Take Care of Employee Mental Health
Another trending movement today is the mental health movement where companies tend to emphasize the need for a department and each of its employees to become psychologically well and mentally sound to function well.
Some of these people never had the chance and opportunity and time to go to counselling clinics to take care of their mental health, thus companies install counsellors and psychological first-aiders to help with whatever they can when it comes to an employee’s mental well-being. There are even departments whose sole function is to keep and maintain executive health management to a certain administrative or executive department.
Good Communication System
Another good characteristic of a company is that it values input from the bottom up and from the top down. Simply put companies must hear what the employees from the bottom has to say with management and production processes and that there must be an open line of communication from the top executives down to the lowest ranks. This is not micromanaging but rather this is maintaining respect for the input of what each employee has to say whether it is positive or constructive.
Companies must also try to give more to its employees especially if they truly deserve it. The thing is, reward is much more efficient than punishment, and that has been proven to be true from child rearing to keeping a company working. If you over-punish a group of people they tend to revolt or rebel and that will cost the business a huge loss of income and resources but if reward is given for credits and withheld for unwanted behaviour employees tend to become more motivated and less resentful towards their boss.
All in all taking care of a business must also mean taking care of the employees because they are as much a part of the company as the owner is.