HR Innovation - MIT ID Innovation

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5 Innovative Ideas For HR MITID Innovation
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HR, as the manager of the workforce in the
company, has a big responsibility to manage.
Therefore, to keep up with the changing time, it
is essential to upgrade the game with HR
innovation for implementing amazing and
innovative ideas, new ways, and efficient
technologies to meet the organization's upcoming
requirements.
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It's about anticipating future requirements and
circumstances instead of simply finding a
response to a current changing situation.
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From hiring the new and best employees
efficiently, keeping them on the job
enthusiastically, training them strategically for
various purposes, and engaging all the hired
employees thoughtfully, there are too many
opportunities to stand out with creative HR
innovation. Therefore, to help you with it, we
have covered some fresh, innovative ideas -
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Want to Keep Your Best Employees? Offer Them Cash
to Quit
If you want to keep your best employees, use the
'offer them cash to quit.' When it comes to
hiring and firing, there is a non-written rule
that most companies follow, which is to hire
quickly and fire slowly.
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Cash to quit is a unique idea that ensures only
those employees who actually want to stay, remain
with the company.  Creating a positive and
healthy work environment allows you to develop a
great work environment for employee satisfaction.
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Develop Mentorship Programs To Engage Employee
The Deloitte Millennial Survey 2016 stated that
the millennials who plan to perform the job for
more than five years at a company are two times
more likely to have a mentor. Having someone as
your mentor is a good innovation culture.
This innovation framework is better for
understanding the business environment.  
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Welcome New Hires With High-Fives
As per the Academy of Management Journal study,
when people start a new job, they have a higher
level of potential and support they're more
positive and more productive. The amazing idea is
to greet the newcomers on their first day at the
office so that it feels home for them. This
proves to be really useful when it comes to
entrepreneurship. 
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Increase Retention with Company Sponsored
Personal Development
Heavy Salary, bonuses, accessible transportation
services, and various insurance benefits are just
a few of the items in a classic package. But
things are changing, as modern companies have
developed new and creative ways of attracting top
talent.
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Create Feedback and Evaluations to Help Your
Employees
Forget about previous outdated 360-degree
feedback systems. Hoping to improve a company's
standards simply by supplying anonymous feedback
on a leader's shortcomings without any detailed
info won't work anymore. When providing feedback,
make sure that it must be Specific, Measurable,
Actionable, Relevant.
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The data clearly underlines that the best
innovation strategies for employees will help to
quickly adapt to changes to support innovation
culture. With a similar perspective, many
institutions are offering courses to
promoteinnovation, and MIT ID Innovation is one
such elite educational institution known to offer
excellence in knowledge and exposure for
students.
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So, if quality and excellence are your ambitions,
MIT ID Innovation is the decision you should
make.
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Conclusion
MIT ID Innovation Programme curates knowledge and
experiences that challenge the very paradigm of
evolution. And that's why we have set out to
define the future of industries, communities,
cities and ecosystems. MIT ID Innovation offers
the best Innovation Courses.
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