Saturday, 18 October 2014

Business Manifesto …..Increasing the Equality between different Segments of Society

Are you one of those employees who sit in your office; sweat, work and then find out that you have very little to gain from doing your work successfully? In short the fruits of the task that you do are enjoyed by senior employees. You thus remain at the lower end of the economic ladder in terms of reaping the economic benefits that are due to you.  

A management consultant and writer, Tarun Agarwal recently authored and released a ‘Business Manifesto’ discussing these problems. The 10-page document was released at Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE) by Icon Business Forum (a collective of consultants, writers, entrepreneurs and investors)

Millions of white-collared employees across the country face this constant sense of economic dissatisfaction, where they work long hours, but neither getting sufficient salary or job security. A stake in the company is a dream that we read about only in the papers. This dissatisfaction should be taken seriously by employers who need to realize that businesses are becoming fragile. Wouldn't it be said in fair justice that an incentive would be required to provide employees with a sense of job satisfaction? This would not only increase their inclination to work, but they would also feel far more happy to give in their best.

This is exactly where the Business Manifesto comes into the picture. A fulcrum for debate on how different businesses can meet the dual demands of overall growth and inclusion, it is a platform to provide the opportunity for businessmen to think in lateral and divergent manners.

Dealing with a very critical issue where employees neither have job security or job satisfaction, the Business Manifesto aims at bridging the gap between the two. Of course this issue is not a new phenomenon and has existed since decade’s altogether.  However, this is important as we seem to have entered into an age high unemployed, great dissatisfaction and companies battling survival. So, wouldn't you want to do something about it? Wouldn't you want to be a far more motivated employee or as an employer have a far more enthusiastic employee hired to work in our company?

Many renowned Indian thinkers and philosophers have discussed these aspects in various ways. As quoted by Uppaluri Gopala Krishnamurti (known as U. G. Krishnamurti) an Indian thinker in Inner Quest “Since I don't have any rights, I don't have any duties either.” So, here lies the center of our debate, of Business Manifesto; and that is, as an employee if we don’t have rights, where can duties arise?

Whether a content writer at a digital agency, a research associate at a financial company, a banker or any other job that we hold; it is always about attaining a senior position in order to win a ticket to a higher salary. Why can’t this change? Why can’t the one’s at the lower end of the economic ladder, who are also involved in high demanding jobs where they work long hours also reap similar benefits and get a piece of the pie? Wouldn't this boost their morale and lead to better performance and higher job satisfaction? 

The Business Manifesto lays down several points on how this motivation can be obtained. These may be in the form of monetary and non-monetary incentives. 

Some of the Non-Monetary incentives include (suggested if employers are unable to pay due to economic distress etc.):

1)    Giving all permanent employees a listing on their website (where their name is mentioned).This not only provides recognition but also a feeling of pride for employees.      
2)    Analyzing the time commitment given to the firm & reducing it by 10%.
3)    Listing all contract/temp staff on the website (if they have served for more than 3 months i.e. beyond internship period)
4)    (For blue-collared employees) Providing periodic training to employees to help hone their skills 

Some of the the Monetary incentives could include:

1)    Permit employees to pursue additional sources of income (as long as it does not interfere with their work at the company)
What separates this Business Manifesto is its attempt to unify all segments of the society. Whether it is an industrialist who is having difficulty in running his business or a blue collared employee, the manifesto is sympathetic to everyone. It offers an economic restructuring recipe for all segments of the society – industrialists, employers, white-collared employees, blue-collared employees, the unemployed and even the unemployable (disabled etc.)

The Business Manifesto is a 10-page riveting, must-read!

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