Do Your Employees Feel What They Do Matters?

by blogadmin 8. April 2019 02:59

Increases in technology and employee management strategies have driven home an important point: EMPLOYEE ENGAGEMENT is important to business success, but yet woefully ignored. Gallup reports only 15 percent of employees worldwide are engaged in their jobs. A bit of good news is that American workers are twice as likely to be engaged, but even so, that leaves 70% of employees who are disengaged at work.

The cost of disengaged employees to US businesses is a staggering $350 billion per year. To put that in perspective, for every unegaged employee on staff you business will lose $2,246 per year. Disengaged employees take more sick days, miss deadlines, cause customer complaints, and complain. Turnover rates are higher when employee engagement is low, morale is low, and engaged employees find it difficult to work to their full potential.

Here are 5 trends that Human Resources Today expects to see gain traction in 2019:

(1) Do you provide purpose? It's often overlooked, but employees need to feel what they do matters. Not only millenials, but the iGeneration want their work to have purpose. Capitalize on this by ensuring employees understand company values, and how their tasks-big or small-affect company success. Recognition is closely related to feelings of purpose and boosts employee engagement.

(2) Do you focus on employee experience? Employee experience relates to everything the employee does or feels on the job. Technology, corporate culture, workspace, and support systems all factor in to employee experience. Companies who cultivate employee experience have 4 times the average profits of their nonexperiential peers and see 40 percent less turnover. By treating each employee as customers, you ensure a better experience from the bottom up.

(3) Do you adopt professional development into your employment strategies? Technology is evolving at an ever-faster rate. AI, automation, augmented reality, and software advances are all changing the job market, leaving employees concerned their skills will quickly become obsolete. Deloitte Insights reports traning and development rank as the number one job driver for employees under the age of 25 and number two for up to age 35.

(4) Do you provide performance feedback quickly to your employees? Traditional performance reviews were a trial for managers and a major stressor for employees. Today, the use of real-time feedback tools is key. Employees value feedback as it helps them perform better and improves their standing in the workplace. Effective performance managment helps employees align their personal goals with larger organizational goals, helping both employees and the company develop and grow.

(5) Do you commit to diversity and inclusion? Employees feel psychologically safe knowing their company is committed to fairness and equity. Companies who rely on diverse and inclusive work teams are more engaged, creative, and innovative. 

Personal Challenge:

Do your employees show up physically, emotionally, and cognitively every day? Are they enthusiastic about what they do and why they do it? Do they naturally find ways to excel and do you support them? Which of these questions have you answered yes? How about sometimes? How about no? Start with the no's and the maybe's this week. Outline a few initiatives and get engaged!

Have a great week! 

It's Okay To Hire From Competitors

by blogadmin 27. February 2019 02:03

  

Carol Helsel | Leadership In Action | February 27, 2019

Recruiting from a competitor or similar employer has several advantages. The position you're recruiting for calls for certain experience and knowledge and a person who already works in your industry likely has the attributes you're looking for. Your current employees may already know the candidate and can have a perspective on their fit with your organizational culture. The candidate may be known in your industry and have connections that are important in your company.

Although some may consider recruiting from competitors unethical, in reality what you're actually doing is prospecting candidates from a logical hiring source who may be looking for their next career move. If they're happy with their current job, they'll tell you and you can move on to other candidates. If they are ready to make a change, you may have an opportunity to hire someone who already understands your customers and your industry.

When hiring from competitors, there are a few things to be aware of. Employees may have signed a non-compete clause, which are legally-binding contracts that prevent employees form taking a position with a similar company for a certain period of time after resigning. Consult with legal counsel if you decide to proceed.

Legalese aside, you shouldn't strive to hire candidates strictly so they can tell you what your competitors are up to. You should ask them to join your team because you're impressed with their skillset and professional background and believe they'll be a talented addition to your team.

When you're looking to fill an opening, recruiting from competitors can be another strategy that might help you find your next great employee! 

CEO's Agree: 5 Emerging Talent & Team Trends

by blogadmin 18. February 2019 04:27
 
Rhoda Kreuzer | Team Edition | Leadership In Action | February 18, 2019 
 
One of the biggest challenges for today's business owners and executives is managing their people strategy. When prioritizing the next generation of leaders in the year ahead, attracting, developing and retaining top talent is no easy feat.
 
Here are 5 emerging talent and team trends successful executives need to be aware of in 2019 and beyond:
 
1. Treating Leadership Preparedness Like Disaster Preparedness. Continuously empowering employees to develop support systems, adopt resilient behaviors and shift mindsets before the unexpected occurs will build resilient teams.
 
2.  Replace Ineffective Conscious bias Training with a Focus on Conscious Inclusion. Diverse teams acheive higher levels of innovation, stronger client relationships through a better understanding of client needs, and attracting and retaining top talent.
 
3. Throwing the Boomerang:  Investing in Departing High Potentials. A shift in mindset about exiting employees can generate positive returns. View former employees as brand champions, future clients, or boomerang employees that you could re-hire. Emphasis on positive exit interviews are key.
 
4.  Move From Being An Authentic Leader to Cultivating Authenticity in Your Team. Leaders and teams who thrive will create space for thoughtful, genuine conversations about issues impacting employees to happen safely and sensitively in the workplace.
 
5. Planning For Success All-The-Time, Year Around. Actively involving the entire leadership team to identify and develop prospective leaders will also ensure important decisions about succession and the future of the company are not made during an abrupt departure.
 
Over the next year, we will see these trends pave the way to improve business processes, management, and the bottom line. 

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