Competition is always a good thing. It forces us to do our best. A monopoly renders people complacent and satisfied with mediocrity.”Nancy Pearcy
Competitions, in our opinion, are extremely necessary for entrepreneurial organizations! They help promote the growth and expansion of the organization as a whole and also of each employee on an individual level! Competitions are a great way of encouragement for the employees too!
Research shows that about 63% of the employees would prefer encouragement and appreciation from their employer instead of a $500 bonus! This, right there would exhibit the kind of significance encouragement holds in the millennial era of employees of today!
If you, as an organization are looking to create a healthy competitive environment at your workplace, this article is just for you!
We bring to you the topmost tips to create a healthy environment in the workplace!
1.Create awareness about the difference between healthy and unhealthy conflict
Many employees and corporate professionals are even to this day unaware of the difference between a healthy and unhealthy competition! Basic rules like not going personal or not getting swayed by emotions and keeping up the spirit of a sportsman during the competition are still unknown to many. Therefore, conducting workshops or promoting the significance of healthy competition is the start of actually creating a healthy competitive environment in the workplace!
2. Give away rewards
Rewarding the employees is another way of creating a healthy competitive environment! Giving rewards is a sign of showing appreciation. The employee who bags the award is encouraged to perform better at the workplace because they are satisfied and happy. The other employees also are encouraged to perform better to be able to compete for the next reward. Also, the organization sees better growth due to satisfied and happy employees in the workplace! It’s a win-win situation! So, as an organization in the corporate world, it is highly recommended that you give away rewards, incentives and show your sign of gratitude and appreciation towards the employees.
3. Set goals and follow up
An individual’s true competition is themself! An employee doesn’t necessarily have to compete with their co-workers in order to become a better professional. Therefore, you, as an organization can set goals for all your employees and offer appreciation or incentives once these goals are achieved or targets are met. This will not only help you grow as an organization but will also avoid wastage of valuable employee time since everything is calculated and maintained. Along with providing the employees achievable goals and targets, it is also necessary that you keep a check, monitor the growth and follow up on the progress!
4. Performance feedback
Providing employees with performance feedback will show that you care about them, that you care about their growth. Performance feedback is also a proven method of increasing productivity. It will also help the employees analyze themselves better and will result in a much better work environment. An added benefit of issuing performance feedback is that it will provide you with valuable data that can help you strategize your upcoming ventures. Not to mention, it will obviously put things on paper removing the barrier of any communication gap pr ambiguity!
5. All work and no play makes Jack, a dull boy!
A widely accepted technique of creating a healthy competitive environment in the workplace is to provide an entertainment space in your premises. Encouraging employees to cool off and helping them get through deadlines and to achieve their targets will help with your growth and expansion in the market. With every employee wanting to work in your organization, your value will increase and your market share will break the market itself! All you have to do is make sure you do not insist only on work. Did you know? The productivity of a workplace would increase if you gave a half-day off in the middle of the week? It is a proven technique! So, remember to not make it all about work alone!
So, there you have it! The top 5 ways to create and promote a healthy competitive environment at your workplace!
You do not have to follow the standard techniques and methods of functioning in the corporate world. Take risks, perform experiments and make your organization, a unique place to work where the employees are not just working but are happily working.
Keep going. All the best!
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