Matrix Organisation

What is Matrix Organisation?

 

‘Matrix Organisation’ refers to a company where the employees are a part of their designated teams as well as work with cross-departmental teams. These teams might be either temporary or permanent based on their work.

 

For example, consider a textile manufacturing company. It would have different teams looking after PR, R&D, manufacturing, etc. Specific individuals from each of these departments might be selected for forming a new temporary team to develop a new kind of textile product.

 

Some of the main advantages of matrix organizations include motivated employees, knowledge sharing, collaboration, etc. The disadvantages include higher complexity, lower level of accountability, etc.

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Employment Rate

What is Employment Rate ? ‘Employment Rate’ refers to the ratio of people employed versus the population of the location. In other words, it helps

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