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What has the world come to when an employer seeks to force employees to ‘shop' their friends' and family's negative feedback? Draconian and Victorian management just cannot work in such an open and transparent world. Management of organisations must realise that it is up to them to monitor and react to both positive and negative feedback in our flat and transparent world.
What are the hidden costs being seen to be dragged through the court of public opinion and then to surrender a partial position to what are basic employee and human rights? It not only must leave a sour taste for all concerned but further enhances a negative public image.
Be bold! Embrace social media, it is here to stay and no one can turn back the clock. Regulated entities can easily work within jurisdictional guidelines and also make the internal tweeters, bloggers and facebookers a part of their marketing effort and message.
The old adage remains correct. Every day your most important asset walks in through the front door in the morning and out again in the evening. Every one of those assets has the potential to enhance your brand, products and bottom line.
Along with common sense, we must uphold the values of respect and transparency. With basic principles in place the boards of all organisations will suddenly find that their colleagues can be a powerhouse that drive their business forward dynamically.
The big question is which bank will really open up first?
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Roman Eloshvili Founder and CEO at XData Group
31 January
Prakash Bhudia HOD – Product & Growth at Deriv
30 January
Ritesh Jain Founder at Infynit / Former COO HSBC
29 January
Carlo R.W. De Meijer Owner and Economist at MIFSA
27 January
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