DAY 2
Topic of the day
Effect of a good HR policy in an organization
Expansion of organization
Keys for expansion or growth
Advantages and disadvantages of expansion or growth
Self regulatory manpower control
Ways to improve self regulation
Problem caused by expansion
EFFECTS OF A GOOD HR POLICY
As an HRM expert, employees will test limit and act creatively in workplace situations, so you need a strategy for developing, communicating and enforcing a set of policies and practices that reflects your standard of acceptable behavior which consequences will be attached when not followed.
A successful policy and practicing strategy do more in an organization as this enables you as the HRM to recognize and address people’s needs by identifying the weakness of the employees.
As an HRM, you need to implement as your duty, policies and practices that would serve as a guide for all employees for the growth of the organization.
There are 4(four) key elements that are related to the development of the policies. These are;
Roles
Rules
Consequences
Tools
As an HRM, your employees should be able to understand their roles, as a successful team has a well defined position for each members of the organization.
As an HRM, the managers and the employees need to share what is and what is not acceptable within the company. This is what we call the rules of the organization.
As an HRM, there must be consequences if an employee violates the law or rules. This is very important as consequences for violation of behaviors must be clearly stated.
As an HRM, you can use the tools to address the question of how you support the people in the company. This enables you to identify what is not done and what needs to be done in the organization in order to help the employees become better version of them. This can be done by analyzing the capacity, strength, and weakness of the employees.
Therefore, good HR practices satisfy employees and encourage them to contribute to a company’s success. Training, knowledge, and skills can increase a business competitive advantage. Effective organizations focus on this positive effect of HR by helping employees train, learn and improve. The establishment of these policies can help an organization demonstrate both internally and externally, the basic requirements to managing conflictual issues of diversity, ethics and training as well as commitment in relation to the regulation and corporate governance of its employees.
WHAT IS EXPANSION
Expansion or growth in the business organization simply means an increase in size and capacity. It also involves product diversification, machinery, a better package for workers, good network, waste reduction, disciplined workforce, less accident report, profit maximization, cost saving etc.
Without expansion or growth, organizations stand the risk of collapsing whenever competitions set in, the organization will be able to survive in the business.
KEYS FOR EXPANSION OR GROWTH
Good policy or decision making
Good planning
Research
Accountability
GOOD POLICY
Good policy or decision making can also help in the growth and development of an organization.
An organization with a good policy or decision making usually stands the test of time due to the type of policy or decision embark upon by its owners in the day to day running of the business. Therefore, if an organization embraces a wrong policy or decision in their business activities, it collapses the business. It is the responsibility a she HRM to establish good policies and work with the management of the organization to make right decisions for the development and growth of the organization.
GOOD PLANNING
Good planning is also key for expansion and growth. Any organization that does not plan well must collapse. It is very important that you plan well even in our day to day lives, planning has always been a key factor. This involves actions to take, when to take the actions and strategies to adopt in order to reach the set goals and objective of the organization. An organization with a bad planning method can never grow because it lacks the technical knowledge on how to achieve the required goals.
RESEARCH
Without research, no organization will stand. Technology, new invention of things has become the order of the day, therefore you have to be exposed as an HRM expert by making broad research on order to see what the world looks like and changes that are involved both in the world of possibilities and impossibilities as this can affects organizational progress and growth.
ACCOUNTABILITY
Any organization that does not embrace proper accountability in their daily activities is ruined. As an HRM expert, you must ensure the accountability statement of the organization is intact as proper accountability reveals the financial status of the organization.
THINGS TO WATCH FOR INA BUSINESS ORGANIZATION EXPANSION OR GROWTH
Motivation – every organization must motivate their entire workforce if it plans to embark on expansion, every true expansion or growth must start from the motivation of the entire workforce as it helps in bringing the best in them and making them work more efficiently.
Annual account – this shows a company profits, losses, access etc. it helps as a yardstick to ascertain the financial strength of an organization.
Affiliation – an organization that has strong expansion program usually affiliates with another company with such a policy in order to share ideas to attain greater heights.
Networking – without networking a company expansion policy is never complete. It tells about the location, involvement and your activities to the global world.
Product diversification – an organization with lots of goods and services in high demand credited with its name is without doubt expanding, therefore, it is very important as profits will keep coming in from different areas.
SELF REGULATORY MAN POWER CONTROL
As an HRM manager or expert, you need to practice what is called self control.
Self regulation simply means control of oneself by one own self.
Self regulatory learning is the process of taking control and evaluating one’s own learning and behaviors.
As an HRM expert, your employees must always push you to the wall by doing those things that will upset you and your ability to control and manage that situation or handle it is called self regulation.
Self recitation is what will keep you from yelling at your boss when they get on your nerves, slapping s a co-worker etc.
As an HRM expert, you must be able to approach situations in a matured way.
TIPS FOR SELF REGULATORY AND EMOTIONAL MANAGEMENT
What can you do when you are faced with such situations?
Take or do a breathing exercise, for example, mindful breathing.
Eat healthily, drink lot of water and limit alcoholic consumptions
Exercise regularly – this is very important in relaxing your nerves
Sleeping for at least 7 to 8 hours in the night as lack of sleep might affect proper functionality during the day
Laugh more often. Avoid your facial look to be moody
Spend time alone. Personal time, relax etc.
Make time for fun so it would not be just work, work, and work.
Manage your work and life balance
Walk away
WAYS TO IMPROVE SELF REGULATION
What can you do to improve self regulation?
Lead and live with integrity – this can be done by being a good role model, practicing what you preach, create a trusting environment and living with your values.
Be open to change – by being able to challenge one to deal with changes in a straight forward and positive manner because change is constant.
Indentify your triggers – by cultivating a sense of awareness, this will help you to know what your strength and weaknesses are and what triggers you in your difficult state of mind.
Practice self discipline – by committing yourself into taking initiatives, staying persistent in working towards goals and objectives even when they feel like the last thing to be done.
Keeping calm under pressure – this is very important mentally and physically.
Reframing negative thoughts – when you are able to take a step back from your own thoughts, and reframe all negative thoughts to positive thoughts and feelings in order to come out with something beneficial to you and the organization rather than staying negative all the time.
Believe in yourself – this will help boost self confidence and it helps disregards all negative thoughts or comments.
Consider consequences – always think ahead that what will happen when you shout at your boss or slap an employee because you will only be lucky not to lose your job.
PROBLEMS CAUSED BY EXPANSION IN BUSINESS
Lack of cash
Poor feedback from customers
Employee been overworked
Pressure from increased demand
Outgrow of office space
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