Most Executives Give Workers Second Chances After Mistakes. - Business

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Business :: Most Executives Give Workers Second Chances After Mistakes.

We all make mistakes in our lives, in our working worlds, and in our personal lives. Often we do not get second chances with our families and with our lives. One mistake could change the course of events for ever. The good news is that a study finds that 88 percent of senior executives and managers stated that work place second chances are likely (Genn, 2005).

A study by the New Hampshire based NFI Research center sampled 2,000 executives from around the world and found that one of the main reasons why these executives do give second chances is because it is a learning process that improves organizational effectiveness. People make mistakes all the time and this is considered normal. When we terminate employees for mistakes we don’t take into consideration the loss of knowledge from those mistakes. These types of companies won’t be around long.

Another affect of quickly terminating employees for making mistakes is the perceived “brutal” nature of the work place. People will cover up their mistakes; they will undermine each other, and will feel tense at work. All of these feelings reduce productivity and increase turnover of workers.

The study shows that the American workplace has a humanistic approach and attempts to take advantage of employee failures by increasing organization effectiveness. The long-term advantages to the effectiveness of the company are worth more than the immediate gains of punishment. It appears that executives understand that business is about risk and as with all risk people make mistakes.

Murad Ali is a two time book author, a human resource manager, and a ph.d. candidate. For more articles written by Murad please visit http://www.thenewbusinessworld.blogspot.com

Author Info:

Murad Ali is a two-time book author, a human resource management professional, and a Ph.D. candidate. Please visit http://www.thenewbusinessworld.blogspot.com for more articles.

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