The footwear industry is booming with bright career prospects in technical designing and management. Read More
Career Prospects
About us
We believe an Institute equals the people associate with it. The legacy of innovative thinking and researching is the foundation of Institute’s operations and then spread its wings and has pioneered into the teaching of Shoe Designing Technology. Read More
Shoe Designing
Society of Sri Lanka Footwear Technology has been initiated by a small group of radical designers led by xxxxxx, The President of the Society with the objective of revolutionizing the Shoe Designing Technology in Sri Lanka and injecting it with new talent. Read More
Why employees are leaving Companies?
There is multitude of reasons for employees to leave an organization. Read More
Biometrics Types
Different biometric characteristics has been projected for identification purposes and traditionally they can be categorized in to two major segments and they are as follows; Read More
Stakeholders ii
Managing Expectations
Stakeholder management is the process of managing expectation of stakeholders who have interest in the Project. Read More
Becoming My very best
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Professionals always strive to be more successful. To be more successful, I have to focus on personal and professional development to ensure that we have all the ability to become our very best. Read More
Hyper Competitive Business environment
We are living in a hectic completive business environment where things are changing at rapid speed. In such an environment, it is vital to develop our services or products constantly for mere survival in business. Read More
Stakeholders
Introduction
An individual or Group which has direct or indirect stake in a project that can affect or affected by the actions, objectives and decisions of the Project can be identified as Stakeholders. Accordingly Creditors, Customers, Directors, Employees, Owners or Shareholders, Suppliers, Trade unions, Government and its Agencies are all included under the expression of Stakeholders. Stakeholder can be anyone who has interest in the project or will be affected by its dealings. Project Managers have to realize the values and issues that stakeholders have in order to involve everyone in the project. The sooner these issues are addressed positively the better it is for the smooth functioning and progress of the Project.
Different Stakeholders
Stakeholders are not equal and various stakeholders are entitled to different considerations. As an example company’s customers who comprise part of the stakeholders are entitled to fair trading deals but they are not entitled to the same consideration as the Project employees.
Stakeholder management
To put it into its context, stakeholder management is vital in order to achieve objectives of any Project. Creating positive relationships with stakeholders and proper management is a most unique feature which has pivotal importance in contemporary business environment.
Stakeholder Map
A stakeholder map is a supportive document in order to identify each and every stakeholder. This will ease the stakeholder management process. Recognizing stakeholders according to the influence or impact they can make on the project will also be helpful in the management of stakeholders.
Stakeholder Agreement
It is primarily focused at getting to know each other and engagement is the opportunity to discuss and agree to a set of values and principles. It is necessary that all stakeholders to abide by them. Stakeholder agreement is a document of consensus between and among stakeholders.
Human Resources
Human Resources Department has to presume itself as a strategic partner to assure that viability and ability to contribute to the organization. In this manner Human resources Department can contribute to the smooth functioning and development of the organization and accomplishment of company strategy and objectives.
In this regard Human resources Department has to be strategic and conversant with the work system in which people can be succeeded and contributed. In this strategic atmosphere human resources functions such as recruiting right candidates, motivating employees performance, evaluation of employees, career planning and growth of employees are required.
Today Human Resources Department Employees have to think like businessmen and should know accounting and finance and they are always responsible and accountable, prepare strategies to reduce cost and plan all human resource development programs.
Human Resources Department plays and pivotal role in any organization and for the success and progress of the organization it is the responsibility of the human resources department to create an organization with excellent working environment and motivate employees to contribute with increased productivity.
Further Human Resources Department to assists to establish the company’s culture and climate in which employees have the concern and commitment to exceed the expectations of customers who are the most import persons in any organization.. Fostering effective systems and keeping targets, working for deadlines, empowerment though responsibility are some of the functions of Human resources Department.
It is also the function of Human Resources Department to search and find employee growth opportunities, assistance programs planning, profit sharing strategies, development of the company process approaches and solving employees’ frustration problems etc.
The continuous evaluation of the efficiency of the organization results in the need for the HR department to regularly change. Both knowledge about and the ability to execute successful management strategies make the human resource professional remarkably cherished.
It is the duty of the Human Resources Department to continuously reviving efficiency and effectiveness of HR functions and changes are made accordingly and adjust work practices. In order to encourage overall success of the company it has to identify the shortcomings, setbacks and prepare action plans accordingly.
It depends of surviving and progressing of any company on employees performance and this is the truth even for mere survival in today’s market conditions. It is vital to motivate existing employees and recruit the best.
Under these circumstances following can be identified as necessary to enhance and increase the full productivity of employees.
- Job enlargement
- Job enrichment
- Job rotation
- Incentives to employees to motivate them