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.…
DetailsEmployee motivation, in my view, is key to creating long term successful companies. While there are no magic bullets out there, here are 9 tips that we’ve gathered over the years that can help any manager improve the motivation of the people working for him or her.
A corporate leader’s job is hardly easy. He or she must efficiently manage employees, account for outside competition, note any changes in the industry landscape and if necessary, profoundly modify the operational model a business should employ. Ironically, most leaders shrug in defiance at such duties due to their seemingly complex nature. However, there are…
DetailsNearly every company revolves around the central idea of team performance. The synergy created by having multiple personalities and motivations can help any project be completed with efficiency and with quality results. Naturally, there are some times when things may not go as smoothly as planned. Indeed, if every effort always resulted in superior results,…
DetailsRecently, consulting firm Emergent partnered with a Fortune 500 apparel company to undertake the biggest business transformation in the company’s history. Below is a mini case study that provides insights from that project. Building upon its solid performance in 2012, the company chose to implement a new global structure designed to fuel its long-term, international growth. The project…
DetailsI can’t stand it when a manager, hearing me broach the importance of building trusting relationships with their employees, blurts out the tired old term, touchy-feely. To dismiss the complex role of relationships in fostering sustained high performance is to just not get it as a leader in the 21st century. In a recent posting…
Details“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?
DetailsIt’s the end of regulation time in a soccer game and the score is tied. It’s time for the shoot out to determine the victor. You are the coach. How should you advise your five shooters, each of whom will get one shot at close range? “I want you all to concentrate on our scoring…
DetailsJust cause you got the monkey off your back doesn’t mean the circus has left town. – George Carlin In a Peanuts cartoon Lucy demanded that Linus change TV channels, threatening him with her fist if he didn’t. “What makes you think you can walk right in here and take over?” asks Linus. “These five…
DetailsHow leaders can impact employee’s motivation using the 4-Drive Theory The 4-Drive Theory of Employee Motivation states that there are four main drives that motivate employees, these are the drives to: Acquire & Achieve, to Bond & Belong, to be Challenged & Comprehend, and to Define & Defend.
DetailsRichard Florida is a provocative thinker around social and economic issues. He first became noticed from his book, The Rise of the Creative Class. In his latest book, The Great Reset, he shares data that the future growth of jobs will be in two areas: (1) knowledge, professional and creative jobs and (2) lower paying,…
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