In this episode of The Shape of Work podcast, our guest is Ajay Kumar, Co-Founder & CEO of TheHouseMonk - a property management software platform that helps real estate businesses market, sell, and manage their portfolio.
Ajay has founded multiple companies within the same domain over the past decade. With years of experience being an entrepreneur, we picked his brain to share his learnings & thoughts with us.
Episode highlights:
- Organizing the future of work with technology.
- Hybrid work best practices to guide your new normal.
- Impact of the hybrid model on employee retention.
- Re-skilling and up-skilling: a strategic response to changing skill demands.
- Successful L&D strategy to improve employee engagement & performance.
Organizing the future of work with technology
Hybrid work culture requires engaged employees and regular motivation. For this purpose, structured planning and workflow are needed. It can be achieved through digital tools such as Google Tasks, Google Calendar, Cloud, Zoom, etc., which help one work, manage and communicate with the team online. Utilizing technology for the future of work is the new normal.
Hybrid work best practices to guide your new normal
Maintaining team alignment should be the top priority for every type of firm. One of the major challenges in this is communication. Things like aligning employees' daily activities to the company's macro objectives through digital software, planning physical meet-ups once every quarter or six months, etc., regulate the work culture and allow employees to understand each other well.
Hybrid model impact on employee retention
A reduction in in-office expenditure occurred due to the rise in the hybrid work model. Digital tools allow employees to focus on the task at hand. If there is a lack of it, organizations can fix it through practices such as fun activities, get-togethers, etc.
Reskilling and upskilling: A strategic response
Large firms tend to have a structured plan to train new employees. However, small-scale firms don't usually focus on training new employees and onboarding them directly. Training is necessary as it adds value. Therefore, small-scale firms must initiate training methods to reskill new employees. Large companies can conduct skill-updating activities to help keep employees abreast of the latest work trends.
Successful L&D strategy to improve employee performance
It’s a myth that people change jobs for a raise in salary. Work culture, team behavior, management, etc., are all reasons why one changes jobs. They also leave when there is a lack of learning opportunities. Firms must keep this in mind and focus on implementing a continuous learning policy, planning events and fun activities, maintaining digital tools, and focusing on employees' states of mind.
Follow Ajay on LinkedIn
Produced by: Priya Bhatt
Podcast host: Shradha Mundhra