Monty Majeed With Tata Sons recently unveiling their enviable maternity benefits policy, the conversation around attracting and retaining women employees has resurfaced.
Fortunately, the innovation discussion in business is progressing. Yet although most organisations acknowledge the desperate need for change, they are still at a loss when it comes to taking action.
Workforces are a goldmine for the insight needed to drive change in an increasingly competitive business environment - but this knowledge must be captured to unlock innovation.
Organisations therefore need to work on a clear innovation strategy. This includes ensuring the necessary processes are put in place to filter ideas; clarifying the business objectives around innovation; and creating a culture of collaborative idea sharing. Large organisations with high numbers of employees and a distributed workforce can find it particularly hard to innovate due to their sheer size.
Capturing and evaluating the ideas generated by employees can therefore be an overwhelming task. Organisations are beginning to realise that a company-wide system to capture ideas will pave the way for innovation. Integrating idea management software into existing IT systems can help incorporate innovation into everyday working practices of employees, allowing for them to share ideas easily for review.
These ideas can then be evaluated, filtered and the most valuable can be implemented. An effective process for harnessing ideas can also improve employee retention and job-satisfaction.
Attracting and retaining top talent is becoming increasingly difficult in many sectors but making workers feel valued can really help. Measuring the impact of innovation Investing in innovation means finding tangible ways to drive a measurable return on investment.
Employees must be made aware of the objectives the business is trying to achieve through innovation so that the ideas submitted are as relevant as possible.
Making company goals clear at the outset will facilitate the process of using employee knowledge to drive targeted results. It is also important to remember that necessary change can come from the smallest ideas. In fact, focusing too heavily on the big ideas can be counter-productive for some organisations.
Innovation need not only be at polar opposite extremes of radical or incremental, as it makes innovation inaccessible.
Medium-scale changes, with low to medium risk which are not difficult to implement and create a competitive advantage, are often preferred by companies. It is therefore important to encourage employees to make any good suggestions for change, as long as it is in line with company objectives.
Involving the wider business and putting innovation at the centre of everyday working life can help uncover ideas that may never have before been thought of, developed and implemented significantly faster. Waitrose is a prime example of a company who has made significant cost-savings through embracing innovation.
It has received over 22 innovative new ideas a week over the last 18 months, demonstrating just how engrained innovation now is into everyday working life across the organisation.Two of the world's top marketing experts reveal the next level of breakthrough success -- transforming your marketing strategy into a standalone profit center.
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Here are some of the ways we attract, educate and develop our workforce. TITLE: INNOVATIVE WAYS OF ATTRACTING AND RETAINING GOOD QUALITY TENANTS. BACKGROUND The evolution of the commercial property market with trends like shorter lease lengths and competition for new tenants in the market for example, means that landlords can no longer rely on traditional ways of attracting and retaining tenants.
Get In Touch With Us We’re always on the lookout for ways to improve and would love to hear from you. Compensation is often critical to attracting, retaining, and rewarding high-performing employees. While businesses think of innovative ways to reward employees, from investing in systems that make work easier to offering more flexible and comprehensive benefits packages, addressing issues related to.