Contingency Approach

What is Contingency Approach ?

The ‘Contingency Approach’ is the management style that adapts as per the situation. It is better at efficiently managing the employees than the rigid traditional management approaches.
The contingency approach is also helpful for the company as it helps in forming new experiences and formulating new solutions based on the problems at hand. This will help in the future if a similar situation arises.
It also helps in adapting to any kind of stress-inducing situation. This kind of adaptability and flexibility requires out-of-the-box thinking and the ability to quickly reach conclusions based on the data at hand. Hence, the managers practising the contingency approach generally end up as good leaders.

More HR Terms

Employer Value Proposition

What is Employer Value Proposition?   ‘Employer Value Proposition’ refers to the perceived value of an employee when one considers their performance and productivity with

Adverse Impact

What is the Adverse Impact?   ‘Adverse Impact’ is the bad outcome of any employment practice or regulation. Mostly adverse impact is found in the

Merit Pay

What is Merit Pay?   ‘Merit Pay’ refers to a payment mode in which the employees’ compensation is based on their performance in the workplace.

Contact Us

Contact Us

We use cookies on our website to provide you with the best experience.
Take a look at our ‘privacy policy’