The Power of Helping Others

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What are the Strategies to enhance employee motivation?

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Strategies to enhance employee motivation An organization need to ensure employees are motivated enough. Motivation is linked with an organization attaining high performance hence competitive advantage. Motivated employees are more committed and are likely to be retained within an organization for a longer period. The followings are strategies that may enhance employee motivation; 1.       Information sharing Information empowers and motivates employees (information is power). Informed employees feel more important and valued by an organization. Employees should be given first priority in information sharing. It is important to share all quarterly, semi-annually and annually reports to employees. 2.       Compensation and rewards Employees who are compensated and rewarded for their outstanding performance are highly motivated. Performance appraisal with rewards motivates more employees. 3.     ...
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CONDUCTING RISK ASSESSMENT FOR INTERNAL CONTROLS

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CON D U C T RISK AS S E SS M ENT The a c hiev e ment of obj e c t i v e s and g o a ls i s d e p e n d e nt on how the organization m a n a g e ment a ssess e s a nd mon i tors risks a g a inst those obje c t i v e s a nd g o a l s . The organization f a c e s risks fr om both in t e rn a l a nd e x te r n a l fac tors. T h e f ol l owing a re a mo n g the c o n side ra t i on in ass e ss i ng a n d mon i toring r isk s : Choose Ap p r o p r iate R i sk Ass e ssm e n t M e thod Risk a ssessment c a n be done usi n g two main m e thods i.e. the u s e o f a su r v e y qu e st i onn a i r e or a wo r kshop. The s u rv e y , a te a m is fo r m e d to c ol lec t inpu t s f r om dif f e r e nt d e p a rtme n ts / uni t s of the organization . Ho w e v e r, the major l i m i tation with the surv e y a ppr o ac h is i t s inhe re nt s l ow p a c e a nd d e p e nd e n c y on p e ople to c omp l e te the...
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4 Behaviors that exhausts funds

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4 Behaviors that exhausts funds 1.       Imprompt purchasing This concept means purchasing without having proper arrangement and plan. Not having prior plan on what to purchase and when to purchase and at what resource to be used for purchases. Avoid purchasing everything you see near you.   If you purchase incidentally, it is likely to purchase at high price (no research made on prices) and also there is a risk of purchasing a low price product. To avoid this behavior, make sure you do not take huge sums of money. 2.       Spending more than you earn It is important to spend basing on the level/limit of your income you earn. Living a costful life with costly spending has been a source of huge borrowings that exhausts funds on loan repayment. 3.       Spending virtual money This concept means spending basing on income not yet received. Only a certain funds have been promised but ye...
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