May 19, 2020

Keep Employees Productive During Summer Months

business advice
business operations
business tips
work productivity
Bizclik Editor
4 min
Keep Employees Productive During Summer Months

 

By Dr. Srinivas Kandula, EVP & Global Head, HR, iGATE Corporation

 

As we head into the summer months, many organizations are looking for ways to keep employees productive, engaged and motivated. Of course, it is important to maintain a motivated workforce at all times; the long summer weeks, filled with trips to the beach and annual family vacations, is a prime time to begin working on your employee engagement techniques.

It’s important to take a comprehensive, integrated approach to people management. You must work to understand what truly motivates your workforce – using numerous surveys and studies will allow you to develop a best practices approach from leaders around the globe. This approach will garner you outstanding employee engagement.

To grow and maintain a clear record of excellence in people management, follow what we call the 5 C’s of HR: Compensation, Camaraderie, Career, Culture, and Competence. 

Compensation:

Employees must feel their compensation will protect their quality of living, and help them meet their long-term financial interests.  We recommend designing the compensation structure to ensure the basic salary meets the employee’s quality of living, and incorporating a bonus or stock option plan that is performance-based, to meet long-term financial interests.

Camaraderie:

Everyone needs a circle of friends – and when employees feel they have compatible peers at the workplace, the workplace is a more comfortable, pleasant, peaceful place to be.  It’s important to have many structured employee engagement programs developed internally to create a positive workplace environment.  You should always strive to preserve and maintain ‘positive psychological capital.’ This includes working to reduce meetings and meaningless paperwork, and creating peer groups for employees to interact, learn, and socialize. The aim should always be to create a high happiness index and add meaning to employees’ lives.

Career:

Every employee wonders: how will I grow in my career? As a company, help each employee address that important question and concern: make sure there are well-defined career and competency programs, as well as a personalized and individual focused development program. Career planning management systems should help employees chalk out their career paths for the next 5-10 years within the company. Each employee needs to have a clear roadmap of how they will grow in the organization, and what competencies they will have to acquire to move forward on their preferred path.

Culture:

Business culture must inspire and encourage positive interactions and growth. Employees should have the freedom to propose unconventional ideas, to be entrepreneurial and flexible. Treat people as assets, and work hard to build trust, creating a work environment that is beneficial for employees’ growth. Strive to create a more constructive work culture based on scientific study of tasks rather than rule-of-thumb work methods. It’s also important to have mutually beneficial relationships with your employees. That’s why we invest in people and work hard to keep turnover low and retention high.

 

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Competence:

Opportunities to learn are crucial – for the employee as well as for the company. For example, develop a competency framework, where employees are examined on the parameters of a number of competencies every six months. Then provide training to fill the skills gaps.  This should encompass technical training and growth efforts such as leadership development, communication skills, emotional intelligence – touching the many needs and desires of employees to create a high level of satisfaction, engagement, and involvement.

Focusing on these five areas will yield a more positive corporate environment where each employee feels engaged, involved and valued, not only during the long days of summer, but year-round.

Dr. Srinivas Kandula is executive vice president and the global head of Human Resources at iGATE Corporation, the first Business Outcomes driven integrated Technology and Operations (iTOPS) solutions provider.  iGATE delivers effective IT solutions to over 360 Fortune 1000 clients spanning such industries as:  banking & financial services; insurance & healthcare; life sciences; manufacturing, retail, distribution & logistics; media, entertainment leisure & travel; communication, energy & utilities; public sector; and independent software vendors. For more information, visit: www.igate.com.

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Jun 10, 2021

G7 Summit guide: What it is and what leaders hope to achieve

G7
G7Summit
Sustainability
EU
3 min
Business Chief delves into what the G7 is and represents and what its 2021 summit hopes to achieve

Unless you’ve had your head buried in the sand, you’ll have seen the term ‘G7’ plastered all over the Internet this week. We’re going to give you the skinny on exactly what the G7 is and what its purpose on this planet is ─ and whether it’s a good or a bad collaboration. 

 

Who are the G7?

The Group of Seven, or ‘G7’, may sound like a collective of pirate lords from a certain Disney smash-hit, but in reality, it’s a group of the world’s seven largest “advanced” economies ─ the powerhouses of the world, if you like. 

The merry band comprises:

  • Canada
  • France
  • Germany
  • Italy
  • Japan
  • The United Kingdom
  • The United States

Historically, Russia was a member of the then-called ‘G8’ but found itself excluded after their ever-so-slightly illegal takeover of Crimea back in 2014.

 

Since 1977, the European Union has also been involved in some capacity with the G7 Summit. The Union is not recognised as an official member, but gradually, as with all Europe-linked affairs, the Union has integrated itself into the conversation and is now included in all political discussions on the annual summit agenda. 

 

When was the ‘G’ formed?

Back in 1975, when the world was reeling from its very first oil shock and the subsequent financial fallout that came with it, the heads of state and government from six of the leading industrial countries had a face-to-face meeting at the Chateau de Rambouillet to discuss the global economy, its trajectory, and what they could do to address the economic turmoil that reared its ugly head throughout the 70s. 

 

Why does the G7 exist?

At this very first summit ─ the ‘G6’ summit ─, the leaders adopted a 15-point communiqué, the Declaration of Rambouillet, and agreed to continuously meet once a year moving forward to address the problems of the day, with a rotating Presidency. One year later, Canada was welcomed into the fold, and the ‘G6’ became seven and has remained so ever since ─ Russia’s inclusion and exclusion not counted. 

 

The group, as previously mentioned, was born in the looming shadow of a financial crisis, but its purpose is more significant than just economics. When leaders from the group meet, they discuss and exchange ideas on a broad range of issues, including injustice around the world, geopolitical matters, security, and sustainability. 

 

It’s worth noting that, while the G7 may be made up of mighty nations, the bloc is an informal one. So, although it is considered an important annual event, declarations made during the summit are not legally binding. That said, they are still very influential and worth taking note of because it indicates the ambitions and outlines the initiatives of these particularly prominent leading nations. 

 

Where is the 2021 G7 summit?

This year, the summit will be held in the United Kingdom deep in the southwest of England, with Prime Minister Boris Johnson hosting his contemporaries in the quaint Cornish resort of Carbis Bay near St Ives in Cornwall. 
 

What will be discussed this year? 

After almost two years of remote communication, this will be the first in-person G7 summit since the novel Coronavirus first took hold of the globe, and Britain wants “leaders to seize the opportunity to build back better from coronavirus, uniting to make the future fairer, greener, and more prosperous.”

 

The three-day summit, running from Friday to Sunday, will see the seven leaders discussing a whole host of shared challenges, ranging from the pandemic and vaccine development and distribution to the ongoing global fight against climate change through the implementation of sustainable norms and values. 

 

According to the UK government, the attendees will also be taking a look at “ensuring that people everywhere can benefit from open trade, technological change, and scientific discovery.” 

 

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