Benefits of Having a Strong Executive Team in Your Organization

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According to a famous saying teamwork makes a dream work. These days teamwork has become very important because it contributes towards the success of the organization. Teamwork can be defined in many ways. One of the best definitions of teamwork is that it allows the company and the employees to work with each other. It is not only beneficial to the company but is also advantageous to their employees. It caters to the development of the employees and also enables them to work in a collaborative manner for the progress of the company. In today’s competitive world it is very important for the employees to work together as a team.

One of the newest trends in organizations is building a strong executive team. The major aim of HR recruiters of various companies is to build an efficient executive team so that they can contribute more to the profit earning motive of the organization. You can go through the following points to get an idea about the advantages of focusing on having a strong executive team in your organization.

  • Better Communication-The prime advantage of an executive team is effective communication. The employees might not share adequate information when they are working individually on a particularly project because then there is a sense of competition among them. It not only prevents the employees from working in opposite directions but also allows them to communicate so that they can all work hand in hand to reach the goals set by the company. Lack to communication among employees decreases efficiency also. Teamwork allows the employee to perform a task in much lesser time.
  • Ideas Flourish-Another benefit of executive teamwork is it allows ideas to flourish. When a team meets in a meeting room and discuss an issue, it is likely that if they work in an united manner there are more chances of the employees coming up with creative and unique ideas. When the employees are working as a team, they are more comfortable with suggesting new ideas.
  • Handles Crisis Situations Better-If the organization has an able executive team, they will deal with any crisis situation more effectively. The team would handle the situation in the right way by adequate brainstorming. Thus concentrating on building an able team also saves the company in times of a crisis.
  • Increased Efficiency-A good team understands that each member has their own set of strengths and weaknesses. Work should be divided among the members of the team accordingly. The members of the team respect and trust each other. As a result the work gets done accurately and that too in time. An executive team also allows sharing of responsibilities among the members. Sharing of responsibilities prevents from over burdening an individual since work is divided equally among all team members.

Now that you are clear about the various benefits of efficient teamwork, focus on building a strong executive team in your organization to add more to the success of your company. Having a good team will benefit both the employees and the employers.

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Collaborative Hiring and its Advantages

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The collaborative hiring process is a different approach to the recruitment from the traditional or conventional hiring methods. In this approach, the hiring managers do not make the entire decision of the recruitment. Instead the employees and other people such as the consultants also present their opinion regarding the process and the potential candidates. In modern times, many multinational and blue chip companies have switched to this initiative of recruitment for certain profitable reasons. The pointers that make such type of hiring beneficial are listed below.

  • There are companies such as Apple, Facebook and Google who have already shifted to this model of hiring and have established the fact that this approach is directly proportional to the profitable innovation. It is an advantageous approach to the business process as a whole.
  • The key selling point of this approach is the existing employee base. Involving them in the recruitment process means increasing the visibility of the process. This augments the transparency and decision making within organization. Due to this benefit, it is usually preferable by a manpower consultancy.
  • In this approach, the employees become the face of recruitment and they are the best sales person in this scenario. Candidates tend to get more convinced about the job role and the company and there is a higher chance of accepting the offer.
  • Since, the candidates interact with the future team members before hand during the interview process; they can understand the team behavior and attitude of the work environment. It reduces the chances of unwanted friction of attitude.
  • Since there are different opinions involved in the recruitment process, it is easier to identify any existing loopholes within the system. In this the evaluation of the candidate is also performed in a more structured and effective manner.
  • The referral program becomes much more effective through this approach. It shows the value addition of the employees in the recruitment process and the efforts are also recognized in the form of rewards. This in turn increases the quality of hire as well as the volume in a positive way.
  • It contributes towards employer branding that gives a significant competitive edge in the market or industry. This initiative showcases the employee involvement in major workforce building initiative and projects an employee centric work culture of the company.
  • This directly contributes towards the productivity of the new recruit. As the team members were involved in the hiring process, they are more involved in training the new recruit and bringing him or her up to the level of essential productivity. It is helpful for the entire business process in the long run.

The collaborative hiring process increases the level of knowledge of existing employees as well. During the interview process, the exchange of questions, answers and queries help in understanding the market conditions as well the company stand point in view of the outside world from the candidate. This aids in better implementation of business strategies.