Pankaj Deshpande

61% of the respondents in a survey by PwC’s innovation benchmark revealed their inclination towards innovation at the workplace. This clearly indicates the importance of innovation for employees. But have you ever wondered how is employee innovation a progressive step towards your business development?  Well, there are many perks of integrating employee innovation at your workspace other than increased staff retention and profitability. This involves supporting the latest technological innovations, staff efficiency improvement and changing the way to support business via the employee innovation program . Many organizations also carry out various activities to encourage innovation in the workspace and create an excellent environment. Some of these strategies to increase Employee Innovation are -  Bring in employee diversity:  The first step towards innovation is creating a diverse working environment. Your hiring approach needs to be more selective and unique if you wish t...

Innovation is more of a daily action required for a business to propagate and be successful. In this era of urbanization, it is a daily challenge to grow and innovate. Any business cannot thrive until it has unique concepts and ideology to attract potential customers.  Many businesses and organizations have managed to carry out several activities to encourage innovation among the employees and firm’s ideology. Real-time creativity should be part of the business environment with constant motivation to do better and something that would interest the clients or customers. If you are also planning to encourage innovation at the workplace, we have got you covered. The following activities will aid in promoting innovation at the workplace -  Market Adjacencies: Adjacencies can be understood as the potential segment of the market for the business to consider. It represents the new and latest products and ideas that are related to the company. The major prospect of business model inn...

Wondering how to stay productive and progressive in your workplace? Well, innovation is the primary factor responsible for sustaining your position in the market and set you apart from the competition. Not only it improves employee efficiency it also stimulates the overall operations of an organization. For example, regular meetings should be held with them, open debates or discussions should be conducted. This will instil confidence and encourage them to bring innovation and creativity at work .  There is a need to constantly promote the activities to encourage innovation directly proportional to employee engagement in an organization.As estimated via 2020 engagement and modern workplace report by Bonusly, the more engaged employees tend to work 2.9 times more innovatively and actively in their organization. Therefore, if you are looking for ways to be more innovative and creative for your organization, we have listed them down. They are -  Encourage the freshers:  The m...