Motivation Matrix by Mr.Krishna Varadharaj

In a recent meeting, Mr.Krishna Varadharajan - HR Consultant spoke about managing manpower. He touched upon various topics like empathy, growth opportunity, motivating your employees etc. He used a simple grid to explain the attitude of an employee and gave probable solutions to it.

He called it as Skill - Interest matrix. While it is desirable to have skilled-interested employees for maximum result, in many a times such an employee is created over a period of time by proper handling.

As per the above mentioned matrix,

• The first quadrant : Skilled-Interested employees are the best of lot - deserving promotions, retentions and remuneration revisions. It is these involved employees who shoulder your responsibility and see the organization grows. These employees are usually ready for higher responsibilities.
• In the next quadrant, you have Interested employees but with less skills. These employees can be trained and made skilled. Once they are technically sound, they could be assets for the organization. You need to spend on traning these employees.
• The 3rd quadrant employees are skilled - but not interested. They lack motivation. They need more of counselling. They might feel insecured since some junior employee could have got recognized. He may suspect partiality treatment given to some of his collegues. Once assured of their growth and understand their responsibility in the organization, this employee could be asset. Salary revision could be one of the answers but not entirely. You need to sit with them and motivate them. Demotivated employees are contagious. Hence it is better to solve it at earliest.
• The 4th quadrant employee does not have the skill - nor is interested. It is wiser to chuck out this category of employee and replace them with deserving candidates. Usually these category of employees are the trouble mongers.

'I' Squared 'R' Squared

'I' Squared 'R' Squared stand for

• Information
• Involvement
• Responsibility
• Results

To succeed as an enterpreneur, you need all the inforamtion, you need to get fully involved, you need to take responsibility and deliver the results.

YES Club : Orientation Meeting on 22nd October 2012

Whenever you wish to start a business or start off as an enterpreneur, you need to evaluate the following before commencing the business:

·         Scope of the Business

·         Profitability of the Business

·         Scalability of the Business

·         Economic Implications of the Business

·         Financial management of the Business

The health of your business is determined by its Year on Year growth and profitability. A sustainable business should deliver atleast 20% return on capital employed. Anything less than that could easily be generated out of a combination of investments including bank deposits, stock market investing etc.

Growth and profitability are two sides of the coin. For an entrepreneur to be successful, he needs to be a strategist in promoting growth and he needs to be sound in operations to maximize his profitability. To win, you need cost leadership and product differentiations. If you donot differenciate, your business will perish – it is only a question of time.

While most of the entrepreneurs would be familiar with tangible assets like fixed assets and infrastructure, most of them may not be aware of intangible assets like Brand, Goodwill, Copy right and talent pool. It is important for an entrerpreneur to identify and retain these assets.

Charting out a Business plan is the first step to success. Without a road map, you reach nowhere. Once you chart out a plan, you would know your SWOT. If there is a short fall you could rectify them. And if there is a strength – you could exploit them.

Delivering the Orientation lecture, YES Chariman Mr.Neethimohan welcomed the 50 odd New members to participate actively in the activities of YES Club. Present with him were the entire crew of YES Club.

Free Higher Education

In the orientation meeting for new members, Chairman had touched upon the following website which offers free online courses. You can specialize yourself in your field of interest and get your skills honned. You can study at your own convenience, without any inhibition. Do visit this site and benefit.

www.coursera.org

Educative Website

Following website was quoted by YES Chairman Mr.Neethimohan. This website contains lots of basic educative articles. Ranging from computer science to modern art to finance and what not. The website has 20,14,31,303 lessons (20 Crore plus) delivered. Anyone can visit the following website and get educated - at your convenience. This is a free website aimed at imparting right knowledge. So make use of it and visit this website.

www.khanacademy.org

YES - Contact Persons

Just Started...

YES - Young Enterpreneur School - is a forum for young, enthusiastic enterpreneurs who wish to hone their skills and widen their network. Rightly Inagurated on 15th August 2004 by Dr.Justice.AR.Lakshmanan, His Excellency, Dr.A.P.J.Abdul Kalam visited on 27th August 2004. Founder chariman Shri.Neethi Mohan with his able set of YES Team have been spearheading this novel concept - which is the only organization for those who wish to attain greater heights in their area of interest.

Though late, better late than never, I joined YES on its 8th Anniversary. I was thrilled by the sincearity and dedication of these young businessmen. Meeting once in a month is ok for any forum. But attending the meeting attentively which lasts for 4 hours plus is not an easy task. But it happens only in YES - that too willingly. Audience are glued to the speaker. Concepts are simplified and communicated to reach the grass route level. Diverse subjects from marketing to finance to HR etc are covered in great details. YES is ready for any new novel idea and implements them at stroke of pen. And no doubt - there is lots of learning happening in every meeting.

I was stunned by the quantum of information shared - be it a book review or personal experience or solution to problems. Not many in the forum would be able to absorb these vital informations. The delivery was so fast and swift, if you miss the attention for a minute you are bound to miss it for ever. Ofcourse I was taking notes since Day One.

But having missed YES for past eight years, I enquired if the knowledge gained in the past - in its regular meetings or industry visits or international delegations have been documented. This information pool would be gold mine for anyone who wish to get clarity at any point of time. YES activities are published in Tamilnadu Chamber of Commerce website, but with limited information.

Having learned from the Everybody-Somebody-Anybody-Nobody story, I thought "Let me do it." Hence this blog was born on this Vijayadhasami day 24th October 2012. Now I have a commitment to attend each meeting and document maximum information I could gather (with my own limitations). This blog is from listeners perspective. No doubt I could have missed some information - which if the readers could notify, can be included.

Hope you find this Blog interesting, informative and as a useful referral point to which you can come back and get clarrified. Be generous to post your comments at the end of each article. Together - Let us make YESCLUBS Happen.