poster presentation
Introduction LLOYDS Bank has been delivering professional assistance and recommendations to British consumers, companies, and societies since 1765. Its understanding is based on this background, enabling our customers of all generations economic comfort and peace. It operates in the private sector. (Llyods, 2022).
This presentation is about the two areas of Management which are Motivating the employees during the time of unprecedented change and Ensuring employees’ readiness.
We will also be learning about the impact of covid on these areas and how the organization is making efforts to amend the consequences.
Employee motivation refers to the amount of enthusiasm, dedication, and invention that
employees bring to their professions. (Susilo, 2018). Finding strategies to encourage
employees is always a management priority, regardless of whether the economy has grown
or declined. Motivating employees at the time of Covid-19 is the biggest challenge for all
companies and organizations. (Przytuła, Strzelec and Krysińska-Kościańska, 2020).
Therefore, LLOYDS Bank is trying to –
• In the current situation, the bank is trying to understand its employees and let them
know that the organization is here for them to help in achieving the targets.
• By providing an unbiased review of present circumstances to them, and comfort them
that the challenges will be faced together.
• By allowing the employees to make decisions about their work as much as possible and
encourage them to share their expertise and talents.
• By taking opinions and knowing the perspective of the employees to make them feel a
part of the company.
• Rewarding the employees on little success, so that they can be appreciated and can work
harder for the bigger targets.
• Incorporating leaders to follow activities to the inspirational portfolio in order to enhance
trust and sense of safety in the company while decreasing the level of anxiety,
resentment, and skepticism.
• Starting the interaction directly and regularly with each member of the team,
understanding them and enabling them to get to know about the goals and objectives of
the company, and establishing the company’s enthusiasm and purpose in them. (Schall,
and Chen, 2021).
Employee readiness is described as the degree to which employees are
prepared or eager to take part in learning. It plays a significant role for the
organization in a way that the trained employees will contribute to the
decision-making process which will lead to the diversities of ideas and
hence will lead to better decisions for the organization. (Matthews, Daigle
and Houston, 2018). Employee’s availability for training is characterized as
having the necessary character qualities such as capability, personality,
commitment, and willingness. Developing functional adaptability will require
adapting employees' skills and positions to post-pandemic modes of
working. (Roemer, Sutton and Medvedev, 2021).
LLOYDS’s main focus is –
• Making the supervisors and managers capable of handling the team in
the virtual model and training them how to lead the entire team from
remote working areas.
• The new recruiters will be trained directly by the managers as they can
teach and train them.
• Mapping out the skills which are currently required for making up the
losses. (Budur, Demir and Cura, 2021).
.
This research has helped in learning about the management
issues of motivating employees and why training is important at
the current time. The effects on the productivity of the
organization.
Covid-19 has affected people’s lives in every aspect, therefore, it
is necessary for the bank to have reforms in order to grow and
develop which will help it in overcoming the losses incurred
during lockdowns.
Employee’s Readiness
Aims & Objectives
Conclusions
IMPACT OF COVID ON MANAGEMENT ISSUES AND ORGANIZATIONAL BEHAVIOR
Figure 1 (Source: Squareup, 2022) The above pie chart describes the ways to motivate employees such as a good leader, increments in salaries and making them believe in the company.
Motivating Employees
The purpose of this presentation is to learn about the impact of Covid-19
on LLOYDS Bank, as well as the reforms that the bank is making to
address management challenges such as motivation and readiness
(training and development) among employees.
References:
Budur, T., Demir, A. and Cura, F., (2021). University readiness to online education during Covid-19
pandemic. International Journal of Social Sciences & Educational Studies, 8(1), pp.180-200.
Matthews, B., Daigle, J. and Houston, M., (2018). A dyadic of employee readiness and job satisfaction:
does there exist a theoretical precursor to the satisfaction-performance paradigm?. International
Journal of Organizational Analysis.
Przytuła, S., Strzelec, G. and Krysińska-Kościańska, K., (2020). Re-vision of future trends in human
resource management (HRM) after COVID-19. Journal of Intercultural Management, 12(4), pp.70-90.
Roemer, A., Sutton, A. and Medvedev, O.N., (2021). The role of dispositional mindfulness in employee
readiness for change during the COVID-19 pandemic. Journal of Organizational Change
Management.
Schall Jr, M.C. and Chen, P., (2021). Evidence-based strategies for improving occupational safety and
health among teleworkers during and after the coronavirus pandemic. Human factors.
Susilo, D., (2018). Transformational leadership: a style of motivating employees. MEC-J (Management
and Economics Journal), 2(2), pp.109-116.
Figure 2 (Source: Businessjorgans, 2022) The above table describes the need for readiness among employees as it teaches them to use the resources in an efficient and effective manner, increases profit margins, reduction in turnover, and develops a positive reputation of the organization or company.
Student Name: TIAN JIARUI
Student ID: 21426048