The function might seem rather complex and getting it right might be harder than any of the other functions of management. These non-traditional rewards will prove fruitful not only in engaging existing workforce but also as an added benefit to attract new talent to your organization. What does a company value more, time or money? Maintaining and providing good working conditions not only motivates employees but also prevents employee from facing legal action by the court of law as they are mandatory according to labour laws. He should have higher level of intelligence as compared to other persons. We are discussing here some key challenges such as information technology, globalization and intellectual capital which have an impact on the job of managing.
The answer can be debatable, but one thing is for sure. While certain theorists and experts might disagree whether there are three, four, five or six functions, the consensus agrees on the detailed representations of the above skills, processes and structures. They felt the previous studies have been effective in describing the functions, but believed the division should be more detailed. Modern managers should be mentally prepared to face the global competition in the future. Further, he has to coordinate the activities of all his subordinates, which involves the activity of liaison. Seventy 70 percent of the time is spent in recording, searching, processing and communicating.
Managers must use technology to perform their work and achieve desired results. The system ensures that an appropriate data is collected from the various sources, processed and send further to all the needy destinations. However, this is only an indicative list. A manager has to develop consistency, firmness and conviction in his decisions. You look at the objectives and the plan you have set, creating a set of measurements that would tell you are on the right path.
The manager wants to be someone who can encourage and motivate the personnel and not fear them into submission. Realize that the most important aspect of communicating is listening. Incentive programs and rewards are a great way for a business to keep its employees happy and motivated. The quality of foresight will help in taking right decisions and face the coming things in right perspective. It is no longer confined to the culture or ethos of any single organisation; its keynote is a cross-fertilisation of ideas from different organisations. These responsibilities are diverse and far-reaching in most organizations and depend on the organization's goals and objectives. It helps indirectly to pull the entire organization in one direction towards the corporate goals and objectives by providing the relevant information to the organization.
The Indian producers are now trying to improve the quality of products and supplying goods at competitive rates. In case if an employer fails to provide statutory benefits to his or her employees such employer is liable for penal action and deprived employees can see court of law so as to claim their right to statutory or compulsory benefits. The monitoring process will depend on your standards and the ease of measurement. It involves responsibility to achieve the objectives and to fulfill specific organizational purposes through economical and effective planning and regulation. While keeping inter-personal relations with customers, the manager keep himself abreast about the competitors also. For example, if the warehouse manager knows that 500 customers have pre-ordered an item that is due to arrive on Friday, he may decide to have a few workers come in on Saturday to reduce Monday's workload. Negotiator Role of Manager In this tole, the manager represents the organization in bargaining and negotiations with outsiders and insiders, in order to gain advantages for his own unit.
Decision-making requires broad vision, imagination, experience and knowledge. Closely related to training, developing your employees professionally is an added bonus for the employee as well as the organization. In order to stay competition managers have to use the knowledge of workers which has been stored in their minds. Similarly payment of compensation or remuneration is the right of an employee for the work done and deprived employee can seek for justice in the court of law. The directing function is all about the day-to-day interaction between the management and the staff. Directors and shareholders must be informed about the financial performance, customers must be informed about the new product developments, quality maintenance, government officials about implementation of law etc.
Employees who have the job title of manager, as you can see, have diverse responsibilities for people and functions. A manager has to make a choice for using the best technology available. Conceptual Skills : Conceptual skills are the ability to integrate and coordinate various activities. The manager has to keep his superior informed of every development in his unit, who in turn inform the insiders and outsiders. The recruitment function comprises 2 main objectives: 1 Attract Talent Attracting talent starts with first planning the requirement of. According to principles of natural justice, and employer shall pay fair wages or equal pay for equal work which is constituted as fundamental right to an employee. There is never a dull moment much less time for quiet contemplation in the lives of most managers.
Secured Purchase The major role of procurement manager involves doing an analysis of the market for getting the best deals available. You can direct and lead your team by utilizing four key methods based on the findings of human behavioral studies. This role includes hiring, training, motivating and disciplining employees. Directing in essence is looking after productivity and ensuring productivity is going up instead of decreasing. An office manager is necessary for smooth, efficient and performance of office work economically in an organization.