Many business persons at a point in their business career may want to improve their enterprise, they may want to build and empire and the gradual process involves a number of investments and measures to take. It is quite a tough decision to make when you want to invest in your business. One must be in a position to take risks. But there is one good solution to all this. Investing in your employees. It is one big solution that many will ignore but a closer look into it will open your eyes. Louis Chenevert seconds the idea fully.
Louis emphasizes on creating working conditions that are optimum for employees. It is very important for employees to feel comfortable in their and to and toy enjoy being associated with their place of work. There is no need to stir up fiery conflicts and politics in places of work as this will draw your employees further apart leading to collapse rather than advancements.
The need to reward people who work tirelessly is key. It gives the sense of belonging and motivates other employees to work harder. Employees who go beyond their comfort zones to help out in the growth of the business will feel amazing knowing that their work can be recognized. Setting aside rewards and tokens will give the workers the zeal to be consistent in their efforts. Louis Chenevert insists.
Louis has come to a discovery that taking interest in employees will increase the productivity of an enterprise. Covering scholar programs for employees will help a great deal. This will not only enhance their intellectual skills but will also improve the quality of work in the company.
Louis Chenevert is the Chairman of the company, United Technology Corporation. He is based in Connecticut in the United States. He studied at Universite de Montreal and earned a degree in commerce. He also became chairman of the university’s International Advisory Board. He has had positions in a number of companies and has also influenced the progress of the same companies.
As a business owner and entrepreneur, one of the best ways of managing your business is by investing in your employees. Current employees are likely to help you record better results than newcomers. It will take time for a new employee to adapt to the new working environment, a factor that may hinder your business’ performance. One needs to make the workplace an enjoyable place where employees are can love spending their time. As an entrepreneur, you should avoid making your employees clock-watchers, who will take the slightest opportunity to be out of the workplace. Also, avoid office politics that normally pit workers against each other. As a business owner, you should spruce up your workplace and make it enjoyable.
Another factor that may contribute to good performance in the workplace is rewards to workers. Rewarding employees is a means of motivating them to work hard and achieve better results. Rewards make employees feel that they are recognized for the role they play in the company. Any form of reward, be it a gift or an off-day is a way of appreciating them. Workers will, in turn, reward your business through hard work.
A brilliant entrepreneur will not shy from spending some extra money on the employees. Another way of helping your employees is by initiating Employee Scholar Program. Such programs mainly involve helping employees with their education. By contributing to their education, they are likely to serve in your organization for a long time. The knowledge they acquire in the process of learning may also be of great importance to your company.
About Louis Chenevert
Louis Chenevert is the former chairman and CEO of United Technologies Corporation. If there is someone who knows how to run a business, then it has to be Louis Chenevert. During his time as CEO, he invested profoundly in the education of employees at UTC. The company spent billions helping its employees to farther their studies.
Louis Chenevert used the Employee Scholar Program in the company to assist his employees to earn a degree in a field of their choice. Through this program, UTC would cover the whole educational expenses for its employees.