People are a company's greatest asset and have to be analyzed in order to run a company with high satisfaction rate, low turnover and high job performance. Many companies believe that the key to making their employees happier and more efficient is an increased salary. However, it has been proved that social recognition equally makes staff more enthusiastic and passionate about work.
Passion in what a person does brings a whole knew level of efficiency to an organization. Companies have to be careful who they let go, as they are also throwing away the training they have put into that employee, the culture they have created around him or her, and the need to allocate their job to someone else.
The real question is, what is it that the company's look for in an employee? The top 5 qualities are:
3) being interpersonal
5) strong work ethic
In order to differentiate yourself and stay on top when a promotion is a possibility, make sure to:
1) refresh your skills
2) master at least one of them
3) be technology savvy
4) embrace ambiguity, you never know what opportunities will open up
5) network with anyone and everyone
Many companies, such as Whole Foods, Cisco, Intel, ask if employees are okay with taking a slightly lower salary instead of layoffs or if they would prefer to shut down the company a couple days and not get paid. However, not laying off people and cutting corners can mess with ethics. Maybe a corporation decides to cut wages when outsourcing products or switch their packaging to a cheaper, less environmentally safe material. Ethics goes a long way when creating a company culture as well. Employees that understand how to make a moral decision can save a company from losing a lot of money, or worse, bankruptcy.