Any company that is either in the manufacturing industry or service industry try to keep their company working for survival and gain profits. It’s only normal that any business situation that we could think of will be dealing with a cost with the expectation of a good return and this cost element has several components in it. In the basic economics we learn that cost of production is the value of the resources that we will input as a part of the process. This could be in terms of human resources, material, financials, land and the part that creates the magic will lie in the role of entrepreneurship.
This component of human resources plays a vital role in any business situation as they are the type of resources that become highly competent and unique. Most businesses today that grow into becoming well-established firms end up being financially stable to buy the kind of machines or technology they need but one thing that remains ever competent is the process of hiring skilled employees. These resources are so important to a company so once they hire some good set of employees they always try to make sure that they stay in good, positive attitude towards the company and committed to whatever they work on. In order to do this, they will not only give them good extrinsic packages but also intrinsic packages while some companies actually even hold workplace well being workshops to keep them emotionally stable and happy.
A healthy set of employees is a plus for the business to really achieve what they wish. Look at yourself for instance, imagine the kind of work capacity you have and the effort you are willing to put into something that you do when you are totally happy and the amount of effort you are ready to invest when you are emotionally unstable. There is always a fine gap between these two conditions which is why most companies do training stress management workplace. No matter how much we say that people should not mix up their personal life with their professional life, there can be situations where our personal life situations go out of hand. Another good thing to do to keep the employees productive is to have team outings and annual dinners where they get to bond more with colleagues and really feel like a part of the company.
A happy employee is one that can actually work in the kind of way that you expect them to and it’s in the hands of the management to make them feel like involved in the process and decision making to improve their commitment.