Growth and profitability are an outcome of productivity which in turn is influenced by employee happiness and satisfaction. Studies by independent financial analysts show that publicly traded ‘100 Best Companies to Work For’ consistently outperform major stock indices by a factor of 2* . This points to the fact that companies that aim at high performance cannot afford to ignore measuring employee happiness. Technological advancements have now made measuring this key metric all the more easier and accurate.
Technology has changed the way we live our lives. With each passing day, there is some new change we have to adapt to, and accept as a norm. We are dependent on our computers to T get our work done. Even operations that have traditionally required human interaction, paper work, analysis, and number crunching, have eventually moved towards digital technology
As a function, human resources has quietly and unassumingly transformed itself to better our work lives.
It may have started with something as simple as a leave management system. But now, HR teams from all over the world are leveraging the power of digital technology to help companies create an admirable work culture—an initiative that entices future employees, while fulfilling the professional and personal needs of the present ones. Concepts such as employee engagement, employer branding, work-life blend, and workplace flexibility have evolved into necessities. Cultural changes have mandated that company policies, welfare programs, and benefits reflect our new progressive world. The interlinks between technology, lifestyle, and culture are undeniable. The fusion of these vital elements has resulted in a dynamic workforce that has needs and demands that are more evolved and complex than of the generations before.
This story is from the September - October 2017 edition of The Smart Manager.
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This story is from the September - October 2017 edition of The Smart Manager.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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