A Human
Resources department did not exist initially, as Bloomberg felt that if the
employees were to have any ideas, concerns or complaints they should not bring
them to the HR department but rather, Bloomberg himself. Efficiency is
increased when the decision-makers are close to the situation as this allows
the company to be more responsive to the fast-changing environment. Yet, after
tremendous growth in the organization, the company had to create their own HR
department.
Bloomberg tracks
and makes public all information concerning an employee’s professional life in
order to supervise and monitor individual employee activity personally; this
instills transparency and strengthens lines of communication. All Bloomberg
employees are expected to wear ID badges not just for security reasons, but for
observation. Records of “badge ins” and “badge outs” of employees along with
time and location is displayed on the their personal profile page, available to
all Bloombergers around the world. In a way, this restricts and prevents employees
from idling, lazing off and returning home as and when they like, as they are
aware that these records will not only be seen by all Bloombergers around the
world, but Bloomberg himself.
Instead of ID
badges being a tracker of employee activity, it can be a way to make all
employees approachable. In addition to personal webpages, employees have access
to a dedicated communication system that consists of chat networks, and video
conferencing services that allows face-to-face conference call with anyone,
domestically or globally without leaving their seats. Yet the two most unique
features are the calendar function and the slide shows. The calendar function
allows all employees to access each other’s monthly schedule of meeting and
appointment. The slide shows display upcoming or recent employee birthdays,
anniversaries, notable community service efforts, promotions and pictures—encouraging
camaraderie as a whole.
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