In the not so distant past, the management theory was about the employees working towards the organizations goals. Today, despite the increase in population, the labor is scarce, be it skilled or unskilled. Organizations can attract the best talent only if they change their attitudes to a different theory. Organizations have to realize their goals, by meeting the personal goals of its employees.
Yes, organizations should do everything it can to ensure that the personal goals of its staff are achieved. This achievement process motivates them to do what the organization expects from them, that too happily without boredom.
But this change is easily said than done. It’s a whole new game. The challenges it brings are as many as the number of staffs that you have. As the expectations of staff are not mere money related, as its social factors to a large extend. But if organizations are to address the varied needs of its staff, will it be practically possible, viable? This means organizations will have to provide such services en masse to benefit from the economies of scale. This again leads to selecting employees with similar tastes and desires. This is going to change the way we recruit and what we look for in a CV.
The challenges are not limited to these. It can be different and diverse in different industries and even within the same industry.
Interesting times ahead for the management team, and for their consultants.