People are important but are they cared?

The most talked about and the most neglected aspect in many companies is the “people.” Sounds ironic, isn’t it? Yes, I’ll explain. Companies spend enormous amounts of money, time, and resources on technology without realizing that the end users are the people. Managing people is a challenge and companies are slowly realizing that they are the assets in the long run. Top notch companies reward their employees and make them part of their success along with satisfying the customer. This has paid rich dividends in case of many technology companies wherein the concept of ‘Employee Stock Options’ is used as one of the instruments to keep the employee happy and committed. The key in people management is that there has to be a mutual trust between the employer and employee. Japanese companies pioneered the idea of lifelong employment, which makes sure that the element of job insecurity is ruled out. This makes the employee put in his heart and soul for the company.