The grAde

Literature review

In every business/organization the employees contributes the greatest percentage to the success or the failure of a business/ organization. However, many companies believe that a business success is determined by the capital and technology used. As a result, they use modern technology and machinery but mistreat their employees. The employees end up feeling less valued and respected resulting to poor performance and productivity. Therefore, the management should ensure that the employees are always satisfied, motivated, well trained and retained in their working environment for maximum productivity. To achieve this, The management should treat all its employees equally and fairly to ensure that their working morale is always positive (John ,2018). When the supervisors and managers treat their workers with fairness, the employees corporate with one one another and own the company, which translates to efficiency and effectiveness in their operations. When employees realize that they equal to the management, they can easily share their views on the company’s operations and the management can easily assess the employee’s performance. As a result, the management can also provide their feedbacks on the employee’s workability, which determines whether an employee deserves to be appraised or not (Riesty, 2016). Hence, performance appraisal is very important in every organization because it evaluates the employee’s performance against the company’s standards. If an employee meets the company’s working standard, the employee receives a pay rise or a promotion. Knowing that best employees are rewarded equally without discrimination or favoritism, employees give their best which affects a company’s performance positively (Riesty, 2016; John 2018).

When a company treats employees equally and appraises them accordingly, it becomes easy to retain them since the working conditions motivates them to achieve more. However, there are other ways of motivating and retaining employees in a business/ organization. For example, Tech giant, which is one of the successful company, motivates and retains its employees by offering pension to its employees and allowing them to buy stock from their company in bulk at a discount. This makes the employees feel appreciated, valued and part of the company. They therefore, ensure that their services and products meets the market standard (Rogers, 2018). In addition, tech giants genuinely gives their employees paid maternal and paternal leaves. Unlike other companies, tech giants also offer their employees with dental insurance along with general health insurance plans. This creates a big difference between employees working for tech giant and employees working in companies where they are denied sick, work leaves, health insurance cover, or promised comfortable life ones they retire. Apart from motivating, effective performance appraisal and fairness treatment to workers, a company should ensure that it employee’s skilled employees.

Employing skilled employees is a way of employing creativity, effectiveness and innovation because the visionary, educated and open minded. In addition, it reduces training period, time and financial resources spent in seminars and conferences. The company only ensures that employees attend seminars and training that involve improved performance and introduction of use of a new technology in their performance. For example, tech giant employee’s skilled personnel and encourage4s them to work on personal projects that expands their knowledge and skills (Rogers, 2018).