Companies are turning to employee recognition as an internal strategy to boost employee engagement and positively impact such metrics as productivity, ROA, ROE, and retention of both employees and customers. For example, companies that have a formal strategic recognition program in place had a voluntary turnover rate (i.e. people choosing to leave) of 14%, vs.…
Have you ever heard the phrase, “horizontal turnover”? This is where the jerk stays and the team around him or her leaves. This happens more than you think, especially in a sales driven culture where top producers are god-like Rock Stars to management. How can it happen? Easy: They get hired, and once in, their…
Leaders are celebrated, while managers are often criticized, but a combination of the two could be just what the economy needs. There’s been an ongoing debate for the past five decades and I’m not talking about Medicare or why the Chicago Cubs haven’t won a title since 1908. This debate has to do with leaders…
Managers typically are more competitive than average employees. So it’s natural for managers to want to create a competitive spirit between employees, shifts, divisions and locations. And some employees respond really well to this competition. It can even get carried away to include gaming the system to improve your score over your colleagues, and other…
You’ve likely heard the expression, “What gets measured, gets managed.” And companies have improved their capability to measure dozens, or sometimes hundreds of data points that reflect how the business is performing. Unfortunately, managers are falling into the trap of “teaching to the test” which means that they harp on the metrics without coaching the…
I am always asked what makes a great leader. We are all different. Some people have exceptional product knowledge while others know how to fill in strategy gaps. There are those who inspire their team and others who keep their team honest. While every individual has their distinct areas of expertise, there is a method…
The CEO prowled the stage like a panther. He had total control of PowerPoint, was animated in sharing his experience and made the thousands in the conference hall feel as if he was speaking directly to them. The team left the keynote feeling inspired to produce great things, confident in their decision of joining the…
This has been a hotly debated issue among those of us who work in the so-called “soft skills” area. Our clients, understandably so, want a high degree of certainty that their investment in training will generate certain outcomes. In particular, that their trainees will learn and successfully apply the skills taught. And they would prefer…
I recently had the great pleasure of interviewing established business author Dan Pink. One of the questions I asked him was how important Empathy is to Leadership….to which he replied: It’s hugely important. It’s very hard to lead without being able to see the world through the eyes of those your leading. That’s especially true…
A client organization of mine has a culture that values measuring everything. This makes good business sense. It enables you to monitor, recalibrate and optimize your processes and results.
You’ve likely heard the expression, “What get’s measured, gets managed.” And yet, if you pay attention to the wrong metrics or measurements, it can distract both management and employees from desired behaviors. Metrics provide management with the key information needed to make decisions and assess performance in the business. Paying attention to the wrong metrics or…
Google, I’m sure you will agree, is a business built on metrics and analytics. Well, they recently completed an comprehensive, rigorous internal study about what made great managers…at Google. The New York Times article says that Google wanted to build better bosses. Now, that certainly strikes a positive chord for me and boy does it…
City councils, boards of administrators and other governing systems demand a performance management framework that focuses on what outcomes employees will achieve, and how success is going to be measured. This tool reveals how to construct an integrated performance management framework that takes into account the many different functions which a city or a county…
The Institute for Corporate Productivity recently came out with four recommendations for putting in place an effective, robust process for managing and recognizing individual performance. Focusing, as is their wont, on the practices of high performing organizations, their research found that:
“Don’t they get it?” said the executive, “If we don’t generate a good return to our shareholders, there won’t be any investment in the company. And, without investments, there won’t be any more company to give them their job. What more motivation do they need?” Do you hear a faint echo of your parents here?