How to Navigate Peer Feedback, OKRs, and Gamification Pitfalls (academic)
Objective Key Results (OKRs), peer reviews, and gamification are popular tools that can amplify productivity in the workplace. However, they come with their own sets of challenges. This article aims to provide small business owners in India with actionable insights on overcoming these limitations.
The Employees' Provident Fund and Miscellaneous Provisions Act, 1952 (EPF)
- Brief: Mandates contributions towards a provident fund for businesses employing over 20 people.
- Impact: In the apparel industry, where small units often employ many tailors, the lack of an EPF account can lead to legal complications.
The Payment of Gratuity Act, 1972
- Brief: Stipulates the payment of gratuity for employees serving for more than five years in various establishments.
- Impact: In a small IT firm, gratuity is an excellent motivator for long-term employee retention.
- Brief: Stipulates the payment of gratuity for employees serving for more than five years in various establishments.
- Impact: In a small IT firm, gratuity is an excellent motivator for long-term employee retention.
- Employee Recognition Programs: Regularly acknowledge and reward employees for their contributions.
If gamification is not the right fit, consider these alternatives:
The Gamification Conundrum
While gamification can boost employee engagement, it can also foster a competitive rather than a collaborative environment.
Solution: Team-Based Rewards
Move away from individual rewards to team-based incentives. This approach encourages collaboration and mitigates the negative impacts of competition.
Alternatives to Gamification
If gamification is not the right fit, consider these alternatives:
- Employee Recognition Programs: Regularly acknowledge and reward employees for their contributions.
- Learning and Development Opportunities: Allow employees to upskill, which can also benefit the company in the long run.
Conclusion
HRMS is more than just an acronym; it’s a critical tool for effective human resource management, especially for small businesses in India. The case studies illustrate that HRMS can be a game-changer, improving efficiency and ensuring compliance.