Employee as Business Partner
Should employees be business partners. There is an increasing change in how employees were and are managed in the confines of a business organization, it not about what they could offer but it has to start with what employers think of them, and how do they want them to be approached. If employees think of people who could be easily substitutable, something that is not valued as an irreplaceable resource then organization would fail in tapping out the best competency of employees.
Now the question is, shall employees be given share in business to add to their loyalty, research and knowledge from the business world increasingly suggest that employee shall be given ownership in business and organization can cut on the losses, increase their productivity, enhance employee engagement, result in a more committed workforce. They take care of the organization and business would cater for them.A loss to the organization is actually their loss, and a profit for the business would reap rewards for the employees. This is the point where employee become actual stakeholders into the business. For instance sainsbury, a renowned UK super market has its damages and losses in million, although they have chalked on their walls that treat every penny as their own, but requiring employees to show commitment when their is no effort of employer would make this just a statement with employees giving it a least amount of consideration, however john Lewis and Waitrose give its employees ownership in their company with profit sharing, the effect of it can be easily seen, with minimal losses, employees actually treating every penny as their own and showing the right attitude so that org does have any losses, since employees will feel an effect of losses.
It is suggested that businesses should take this plunge and treat employees as partners, the benefit of this approach if rightfully implemented could be far reaching.
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