Post on 14-Apr-2017
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Rig Veda says Aa No Bhadra Kratavo Yantu Vishwatah
Means, Let us receive good thoughts and ideas from all directions
GOOD IDEAS ARE NOT BASED UPON
EDUCATION : eg: Kabir Das, Tulsi Das, Meera Or Arya Bhat did not attend schools. AGE: eg: sant Gyaneshwar died at age of 23, Adi Shankaracharya and Swami Vivekanada died at the age of 32. PHYSICAL CONDITION: eg: Helen Keller was deaf, dumb and blind.
So let us not shy away from inviting ideas from young, illiterate/semi-literate and physically weak
Employees ideas are very important as:
They have real knowledge , because they work at grass root level
They encounter problems and they have probable solutions
They come from different backgrounds hence, management gets another perspective.
Inviting and using employees suggestions is very proven and widely adopted mechanism for improvement since long, all over the world.
EMPLOYEE SUGGESTION SCHEMEInternational Labour Organisation promotes this mechanism under its Factory Improvement Program (FIP)
Government Of India, under its Ministery of labour and employement, through Director General, Factory Advice Service And Labour Institutes(DFASLI), promotes this, and every year, declares 28 Vishwakarma Rashtriya Pushkaras (VRP).
TOYOTA MOTORS founded in the year 1937 by Kiichiro Toyota
It is an Automotive Manufacturer headquartered in Japan
As of 2015 first quarter financial report, the Japan branch alone has net revenue of 109 billion USD.
One of the best run companies in the world.
TOYOTA STORY Half a century ago, Economic crisis pushed Toyota near bankrupt It got difficult to compete with western rivals To do best with what is had, Toyota asked its employees to help rebuild the company and submit new ideas that will Reduce waste, Improve quality and Build linear operation
OUTCOMES By making employees integral part of the success, and valuing their input created a strong sense of worth in the employees. The employees transformed the small struggling company into an icon of quality and worlds most profitable auto manufacturer Hence, realizing the value of engaged workforce, many companies have started to value employees.
GM motors is a American multinational corporation that designs, manufactures, markets and distributes vihicles, vehicle parts and sells financial services Founders: William C Durant, Charles Stewart Mott Founded: September 16, 1908, United States Headquarters: United States Net Income: 9.687 billion USD (2015)
GENERAL MOTORS General Motors implemented employee suggestion system in its manufacturing operations
General Motors have pooled in 44,000 ideas within a day
Employee suggestion helped reduce the manufacturing time at General motors by 15%
It is the worlds third largest airline
Head Quarters: Fort Worth, Texas, US
Net income: 2.882 billion USD
AMERICAN AIRLINES American stands as an outstanding example of employee employee suggestion programs.
This Texas- based airline company earns about $55m per year
It conducts a employee suggestion program called Ideas In Flight
Out of $55m it spends $15m on its employee development
Southwest airlines is the major US airlines, the worlds largest low cost carrier.Head Quarters: Dollars, Texas, US Founded: 1967Founder: Herb Kelleher, Rollin King.Net Income: 2.18 billion USD(2015)
SOUTHWEST AIRLINES Southwest airline is one of the best example of employee suggestion programs
In the year 2000, the escalating costs of jet fuel became a cause a serious concern to its CEO, Herb Keller.
He then invited suggestions from each of his employees on ways to save at least $5 per day.
OUTCOMES OF AMERICAN AIRLINES After he invited the suggestions ,from each of his employees
There was a greater response from the employees as a result they saved up to $2m that year
The employees came up with an idea to reduce the cost of heating fuel
This once resulted in significant cost cutting for the company
ADVANTAGES OF EMPLOYEE SUGGESTION Better performance of the organization Happy customers Positive word of mouth Increased loyalty Improved brand reputation Innovative solutions Disengaged employees cost a lot and can sink the organization
These examples prove that organizations today are waking up to the fact that employee participation in solving organizational problems can be beneficial . Therefore, they are adopting novel ways of involving employees in the decision making process
By group 5
Vishwaroopa yadavVilma.M.BVidya.V.TNeiniPraveen KumarJatin SakariaThank you for your attention crew!!