Workplaces

4 Changes Cyrus Mistry Envisaged To Get Young Talent Onboard

4 Changes Cyrus Mistry Envisaged To Get Young Talent Onboard
Image credit: tcs.com
Former Staff, Entrepreneur.com
2 min read
Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

When you hear that multinational conglomerate company’s chairman is thinking about bringing cultural change in its workplace, doesn’t it come as a shock for you? And that is what exactly Cyrus Mistry is thinking of. But if Mistry, the sixth chairman of the Tata Group, won’t think this, then who else you would expect to think about it?

Described as “the most important industrialist" by The Economist, Mistry had suggested a few changes that needed to bring in the workplace to keep up with the changing time.

1. Goal Should Be One:

Chairman believes that for the better functionality of the organization, it is essential that the goal of the company and employee is aligned. Alignment of the goal would help company to reinforce their understandings of the facets that define them.

2. Finding New Leaders:

Mistry emphasizes on finding few leaders for the defined role which will help company in its future growth. He believes that it is important to chalk out what kind of leaders are needed for the next stage of growth therefore, it is important to research well about the person before hiring it for a particular role.

3. Keep Workplace Ethics in mind:

Another thing which he suggested is the work ethics. It is important for an organization to keep them and their employees updated about the market scenario. Every organization needs to ask the question to themselves that would the fundamental facets of culture continue to endure the changing market?   

4. Rewarding:

Another most important thing which he suggested is rewarding. He suggested that it is important to provide the salary structures that will attract the best talent in the industry. Timely appraisals and incentives encourage employees to give their 100 per cent to the organization.

Hope these changes, suggested by the Tata’s Chairman inspire other business tycoons and startup founders as well to bring greater productivity at their workplaces......

Do leave you views and comments @EntrepreneurInd.

More from Entrepreneur

Kim's expertise can help you become a strong leader, pitch VCs for capital, and develop a growth strategy.
Book Your Session

For a limited time only, get this bundle of Entrepreneur PressĀ® titles for less than $30 (60% OFF) on our bookstore when you use "LEAP" at checkout.
Buy Now

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.