Realizing the promise of employee engagement
Ensuring your Great Expectations don’t turn into The Good, The Bad, and The Ugly As the old joke goes, in a ham-and-eggs breakfast the chicken is involved but the pig is committed. That isn’t far off the mark for the difference between employee involvement and true employee engagement. Someone can be involved in something as a bystander, but they have to take action to be engaged. Today’s article is the first of a 3-part series for leaders who are considering making employee engagement an important part of their strategy. In today’s article – part 1 – we’ll talk about what...
Read MoreTwo practical ways to implement your strategic priorities FAST
In all my years as a management consultant, one of the funniest expressions I’ve heard is “it may work in practice, but it will never fly in theory”. Our last two articles on strategic prioritization were more theoretical and conceptual, but this week, let’s get practical. Senior managers may put a lot of effort into selecting the right strategic priorities, but it goes for naught unless they’re converted to action. This week we’ll describe two simple, practical ways to convert your priorities to understanding throughout the organization, and most importantly, ACTION at the front lines....
Read MoreAre CEOs really overpaid and mostly not worth it? Part 1
Are the highest paid CEOs really worth what they’re being paid? And does paying top dollar for a CEO add to the bottom line, where it really matters? CEO compensation has come under the spotlight in recent years like never before. Smoldering public outrage burst into a brush fire after the US government bailed out major financial institutions with more than 1 trillion dollars in taxpayer money only to see some of it doled out as bonuses to bank executives whose actions either caused the debacle or whose inaction allowed it to happen. The discontent this has sparked now threatens to spread....
Read MoreThe Weak Linkage Between Employee Engagement and Productivity
Look Before You Leap Managers often leap from the notion that “employee engagement is low” to “engaging employees will increase productivity and our strategic success”. While there may be a strong link between these ideas in some cases, it is far from universally true. Some will undoubtedly wonder how we strayed from strategic management to productivity. After all, isn’t productivity primarily about operations management? The answer is an emphatic no! Productivity is defined as “the value of outputs divided by the inputs required to produce them”. By that definition, an effective...
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