It is the desire of every firm to get the value for money in every factor of production, especially from the workforce. It is, however, one of the most frustrating moments in management to realize that ‘burning out’ is a reality. James River Capital is one of the few companies that are working to reverse this reality and make companies more productive. The CEO of this company, for instance, has been so passionate about this particular issue in the recent past.
Paul Saunders points out that the main reason why most employees are no more productive is mainly due to self-doubts. Self-doubt is common among employees in competitive career paths around the world. Saunders acknowledges that self-doubt is a complex human condition and therefore it is impossible to have a working environment free of self-doubt and work insecurity. He, however, points out that companies with the help of professional entities such as James River Capital can restructure. Restructuring, in this case, means that the companies must set reasonable individual goals. According to Paul Saunders, setting reasonable goals is not a way to reduce productivity but a smart move to a less self-doubting workforce.
If employees feel that they do not have control of their future within the company, their productivity is farfetched. Paul Saunders, therefore, advises companies to have clear structures on promotions, work expectations, and contracts. These three aspects according to Saunders are the most defining aspects of a successful company. Saunders points out as the part of the James River Capital; he has been active in helping the companies make these factors a reality. When employees have an opinion about their future at the firm, their productivity is not a farfetched reality. For instance, if the employee understands the criteria, the company uses to promote people and reward them; they are more likely to work hard compared to when the company has opaque policies.
Paul Saunders also points that emotions and attitudes have a significant effect on the company’s productivity. He points out that although people are emotional, the emotional aspect should never be a hindrance in achieving the company’s goals. He suggests a customized approach to the emotional issues within the company. James River Capital main suggestion is creating support systems within the organization. Support systems make people feel wanted, valued within the firms, and therefore more productive in the long last. The main advantage with creating a support system within the company is that they are a relatively cheaper remedy to unproductivity and they are customizable.
Operational issues such as productivity of the workforce, management of different investments and advisory on various topics in the corporate world are some of the problems Paul Saunders is passionate about and therefore the main reason for founding the company. Learn more: https://vimeo.com/272365860