When your company is undergoing change, you already face plenty of challenges. One issue that might not make it to your short list of priorities is actually crucial: the need to maintain employee engagement. Organizational change efforts have a startling failure rate of 70 percent, and one major reason for this failure is that executives don’t do what it takes to get buy-in from their employees. An Aon Hewitt study found that the number of actively disengaged employees rose by more than 50 percent during situations where job duties were impacted by their company being acquired.→ Read More
We have some stellar thinkers in the HR field today, so we decided to present a sampling of their pithy advice. Each of the people profiled below have their own unique take on managing your human capital, and you may even find a favorite or two whom you want to follow.
“You can’t prevent attrition if your organization doesn’t attend to employee experience.”
When a critical piece of business technology suddenly stops operating properly, your first reaction is to find the problem and get it up and running at full-capacity, as soon as possible.
Yet, when it comes to your most valuable business asset, your employees, many company leaders aren’t as quick to react. Unfortunately, according to a new SHRM report, 38 percent of employees feel overwhelmed by how much they have to get done at work. What’s more, a January 2017 report by Kronos and Future Workplace found that 46 percent of human resources professionals blame burnout for up to half of their staff quitting each year.→ Read More
What types of commuting issues do your workers have? All possible perks and benefits that address those problems (such as public transit vouchers, parking permits, vanpool arrangements, and bike storage) add extra costs to your bottom line – except for one: telecommuting.
On average, businesses save about $11,000 per year for every employee they shift to remote work status for half the week, according to Global Workplace Analytics. At the same time, individual workers save between $2,000 and $7,000 annually.→ Read More
The title of “manager” makes it sound like your entire responsibility is simply keeping track of your employees and maximizing their performance. Of course you want to elicit high-level productivity from your team, but your fastest route to success is to offer something back to the people who work for you. The most successful managers enter into a mentoring, or “coaching,” relationship with their direct reports. Here’s a look at why mentoring is so important, together with some best practice tips for putting together a mentorship program that really works.→ Read More
When I think of optimism and resiliency in people, I think of our “greatest generation” and people like Louis Zamperini. Zamperini faces extraordinary trauma, as depicted in the book Unbroken, and he has leadership lessons for all of us. If you haven’t read the book or seen the movie, Unbroken, you must add it to your list.
Zamperini’s story is unbelievable that one person could survive so much and live a healthy life to age 97. He was born in 1917, and he competed in the 1936 Olympics as a champion distance runner, and then joined the American Air Force at the outbreak of the second world war.→ Read More
Traditionally, a six-figure salary and 401k options were enough to attract and retain top talent. We no longer live in a traditional world—and the modern workplace has come a long way from what it used to be. While these benefits are still important to employees, they’re not prioritized like they once were. Today, employees are more focused on finding a company that has a positive, strong company culture revolved around learning and growth.
To cater to the “modern” employee and remain competitive in your respective industry, you have to focus on the development of a strong company culture that supports learning and employee growth.→ Read More
Job satisfaction is at the heart of employee engagement. And as early as 1959, it received decisive momentum when Psychologist Frederick Herzberg published the Two Factor theory of motivation. Herzberg’s research suggests that fulfilment at work is due to two set of factors:
- Motivators – intrinsic conditions of the job
- Hygiene factors – extrinsic factors causing in dissatisfaction if absent
With more advancements in brain science over past decades, Herzberg’s psychological studies have been given deeper scientific substance. Today, neuroscience (the study of the nervous system) can explain the fundamentals of human motivation at a molecular level.→ Read More
Great management is essential to your company’s bottom line, but leadership skills are often considered to be inborn. The fact is, though, that these attributes can all be identified and strengthened. Moreover, a skill set that accounts for over 70 percent of the variations in employee engagement scores should not be left to each manager’s instinctive talents. While you probably rely on your own familiar set of great management skills, it never hurts to itemize what you’re already doing. If you’re still on a learning curve, these 12 traits can supply a roadmap to professional excellence.→ Read More
Knowing what makes employees quit — and then heading off those problems — is the goal of every HR department. While you’ll never be able to avoid individual events that disrupt the lives of workers and their families, it’s helpful to have an overview of preventable causes for employee churn. People leave jobs for several classic reasons, according to Harvard Business Review, all of which are somewhat predictable. The key is to understand each reason well enough to defuse it with a proactive intervention.→ Read More
I was at the ACE conference hosted by Achievers in San Francisco a few years ago, and the keynote speaker was Dan Harris, a correspondent for ABC News, an anchor for Nightline and co-anchor for the weekend edition of Good Morning America and author of the book, 10% Happier. I didn’t know much about Dan except for the title of his book, and I had seen him on the news. I thought he was going to share his personal success story and how he became so accomplished in news media and found his 10% of happiness through his work.→ Read More
In the sharing economy era, technology not only influences our lives at all levels, it reshapes our workplaces completely.
Digitalization, creative disruption, and automation are here to stay. In The Economist’s special report on Artificial Intelligence it shared:
“Bank of America Merrill Lynch predicted that by 2025 the “annual creative disruption impact” from AI could amount to $14 trillion-33 trillion […] Far from killing every job on the planet, such disruption is expected to transform the way we work.”
Promoting in-house is a smart way to grow your business and invest in your staff towards leadership development. Companies that promote from within often have higher satisfaction ratings from employees and there’s nothing like the possibility of a promotion to keep your team working hard. According to Adam Foroughi, a co-founder and CEO:
“Outside hires can sap the motivation for mid-level and junior-level talent to work harder and move up the ladder. When you promote from within, your employees know that the sky’s the limit, so they always work hard and deliver more for your company.
Hourly workers are among the most unhappy employees in the workforce. They often take fewer vacations, have worse benefits, and are passed over for promotions compared to their salaried counterparts. This isn’t surprising. When most companies hire hourly workers, they often focus solely on the dollar amount they must pay to attract qualified candidates, rather than the perks and benefits that can set them apart from other potential employers.
Don’t be MOST companies.
With hourly rates climbing in most major cities, it can be hard to make your job look enticing.→ Read More
A quick search on Amazon.com indicates that there are more than 187,000 books with “leadership” or related words in the title. That’s a lot of content written on a single topic.
However, the word “leader” has been applied to so many different areas of activity that it has become meaningless. Apart from political and military leaders, we have business leaders, market leaders, industry leaders, thought leaders, and so on.
The concept has become so overused that we’ve lost a true understanding of exactly what leadership is.→ Read More
Although most organizations spend much of their training budget on technical skills, a large percentage of leaders do not have the necessary skills and emotional competencies to manage the demands of the new economy.
In Dan Goleman’s book, Working with Emotional Intelligence, his research shows that emotional intelligence (EI) is twice the indicator of leadership success as IQ and technical skills combined. He further explains that once people leave school and enter the workforce, IQ and technical skills are often equal among those climbing the professional ladder.→ Read More
Since publishing my new book, Culture Hacker, a couple of months ago, I have had some great conversations and brainstorming sessions with Human Resource leaders and Executives across organizations about how to hack their culture and improve their overall employee experience. One outcome has been the development of my ‘Four C’s’ that I believe highlight the required direction of Human Resource leaders and their departments in the future. The 4 C’s refer to the HR leader and department being a Catalyst, Coach, Conductor, and Consultant within their organization.→ Read More
Congratulations, you’ve been promoted! Your hard work, enthusiasm, and initiative has finally paid off and you’ve been tasked with leading a team of your own. But how? Now that you find yourself standing in front of a sea of expectant faces, are you supposed to do that?
Transitioning into a first-time manager can be a very stressful experience and the importance of effective management has never been clearer. According to Gallup, the odds of an employee being engaged are a dismal 1 in 11 (9%), and when an organization’s leadership focuses on the strengths of its employees, the odds soar to almost 3 in 4 (73%).→ Read More
What are the five steps to finding an emotional balance in the workplace? I’ll tell you. But first, let’s dive into where we, as employees, are currently situated in the workplace. The emergence of the millennial generation in the contemporary workforce has led to a greater need for companies to emphasize an employee-centric workplace. The importance of organizations understanding the expectations of an employee is greater than ever before, leading to stronger ties between corporate and private life. This phenomenon is not just limited to human interactions.→ Read More
Do you encourage employees to take vacation time? You should. Taking time off is the secret to increased productivity. If you ask a job candidate about his or her biggest flaw, chances are good they’ll say that they tend to work too hard. This isn’t just a convenient way to elude a difficult question; it’s probably the absolute truth. Furthermore, even though it might seem like this excessive diligence will contribute to your company’s productivity, the truth is that such excess work habits are harmful to employee happiness and to your company culture as well.→ Read More
A business or team can only be as successful as the sum of its parts. There are several companies with effective leaders that struggle with employee turnover or poor performance. According to one Gallup poll, 24 percent of employees who aren’t in a leadership or management role feel disconnected from the company or team.
This can decrease employee satisfaction, which significantly affects performance; if employees no longer care about their job, why would they care about doing it well? Empowering your employees to do their best work and be an integral part of your company can reduce their disengagement, and in turn, boost performance.→ Read More
In fact, change can sometimes feel downright terrible. Even if change feels frustrating, scary, or pointless, transformation can often lead to growth and opportunity for any person willing to accept it. But why would someone buy in to corporate transition amidst the chaos that comes with it?
In the first two parts of this three-part series, I discussed how science shows that to successfully navigate change, employees need to stay engaged in the workplace. The employees that report staying engaged during corporate change not only feel more positively about the change, they are also more likely to keep their jobs, or even be promoted.→ Read More
Stress is the single worst enemy of productivity. A stressed-out worker is usually not an efficient worker. Furthermore, high employee stress levels can lead to higher rates of employee turnover and absenteeism; who wants to work at a job with constant stress?
Not only is stress an obstacle to productivity, it can work against a business’ attempts to attain key business objectives. We all know that a business must be profitable to survive, but without recognizing the danger of pushing workers too hard, you’ll end up spending more money than necessary to counter mistakes made by tired, depressed, and stressed-out individuals.→ Read More
Early in the movie Creed, a young Adonis Johnson Creed is working a day job at a security firm. After being promoted, he hands in his letter of resignation stating, “This career ain’t for me. Thanks for everything.” and moves to Philadelphia to pursue his dream of becoming a professional boxer.
This scene sets the tone for the entire movie. Adonis recognized that he had no passion for a white-collar business career. The life of a boxer, although extremely difficult, was where he felt his destiny lay.→ Read More
It’s not uncommon for both individual contributors and entire companies to sometimes feel stuck in a work rut. Even for business owners such as myself, there are still down days or perhaps even down weeks in which inspiration is tough to come by.
I’ve been running Proven, a small job board, for seven years; the longest I’ve worked for any one company or on any specific project. Even though I love my job, there’s certainly times when things have felt bleak or I have felt less enthusiastic about my work.→ Read More
Richard Branson said, “If you find what you are truly passionate about, then finding your career will not be too far away. It’s a lesson I have learned from my years creating businesses. I’ve never had what I would call a job, but I’ve worked every day for five decades.”
What Branson describes above encapsulates why doing what you love is so important. If you’re impassioned by your career, the odds of you being successful increase exponentially. So many people work solely for a paycheck with little to no thought about whether they truly enjoy their job.→ Read More
Employee engagement, according to Aon, Deloitte, Gallup, and thousands of scholarly articles, is one of the greatest game-changing mechanisms for companies looking to accelerate performance, exceed desired results and outperform their competitors.
Engagement and Quality Leadership
The potential for managers to impact employee engagement is massive; Gallup estimates that managers account for at least 70 percent of the variance in employee engagement scores across business units. However, my own research in human services and experience in corporate environments confirms that only the managers who provide a quality leadership experience are the ones that have the most positive impact on employee engagement.→ Read More
Change is practically a given in today’s competitive work environment. But how is an individual employee supposed to thrive in an environment of constant uncertainty? To successfully navigate this near-constant change, research suggests that it’s critical to stay engaged.
In the first post of this 3-part series (click here if you missed it), I shared strategies from my book The Successful Struggle, that help you stay engaged and in tune with the purpose of corporate change.
In addition to connecting with the reasons behind the change, there are other things you can connect with that make corporate evolution easier to swallow.→ Read More
Are you one of those bosses who feels their employees should simply be happy to have a job at all? Unfortunately, some supervisors really do feel this way, particularly when the job market is tight. However, it’s an expensive point of view to maintain, especially in an economy that is nearing full employment: Discouraged employees are 87 percent more likely to quit, and you’ll spend a minimum of 21 percent of an employee’s annual salary on a replacement. To avoid this unnecessary expense, follow these five simple tips on keeping employee morale high:
1.→ Read More
Employee retention is a key goal for every company, but it’s important to drill down into this metric and make sure you’re doing a good job of identifying and keeping your top performers. These employees deliver 400 percent more productivity than the average worker, according to statistics published in Harvard Business Review (HBR). The researchers state, “Our workforce strategy goal should be to double down on retention tactics for high performers,” and further explain that, in many cases, managers aren’t meeting the needs of their top talent.→ Read More
In our previous posts, we focused on Pivotal Habits (ones that prepare us to perform by making us healthy, happy and secure) and Work Habits (the ones that make up our jobs).
We discussed the critical role these habits play in creating superior performance for employees and competitive advantage for companies. We explored why habits are frequently missed by businesses as the fundamental driver of performance, and recognized that adopting new habits is in some sense hard for people to achieve, and challenging for employers to create.→ Read More
As a human resources professional or manager, you’re probably all-too familiar with the job-hopping ways of highly skilled employees who feel they can pick and choose the job they want. And that’s reflected in the fact that more than half of all business owners feel that competition for talent is stronger than it’s ever been. But there are a number of ways to attract and keep top talent, and to keep them happy and engaged while they’re with you. Offering an employee recognition and rewards program has proven to be one of the most effective ways to retain highly skilled workers and to build your company’s financial strength at the same time.→ Read More
In today’s competitive market for talent, office culture is everything. With employees spending most of their time (some upwards of 50 hours a week) in the office, it’s should come as no surprise that HR leaders consider developing and nurturing corporate culture and employee engagement to be their number one challenge.
Luckily, you don’t have to reinvent the wheel to improve company culture. Initiatives that promote health, work-life balance, kindness and gratitude already exist and can go a long way in bolstering a positive office culture while also increasing engagement.→ Read More
Change is a funny thing, isn’t it? We frequently resist it, yet progress is impossible without it. In fact, we can’t really move through life without it. The desired approach for most of us is to experience change in small, bite-size chunks. Otherwise, it can wreak havoc on us when there’s too much at once and we’re not prepared for it.
As HR and OD professionals and people leaders, how can we help employees with the process of change? How can we best position ourselves to lead and at the same time guide employees to think more rationally about change?→ Read More
When change sweeps through an organization, it often causes confusion, frustration, and fear. Even when dressed up with fancy words like “transformation” and “innovation,” employees know the end result is one thing: change.
One reason corporate change is uncomfortable is that it requires disconnecting. All change is, in disregard, disconnecting. Change forces us to let go of our old ways of being and our old measures of success.
Studies on turnover estimate that every time a business replaces a salaried employee, it costs 6 to 9 months’ salary on average. For an employee making $40,000 a year, that’s $20,000 to $30,000 in recruiting and training expenses. Providing a competitive compensation and benefits package is important, but in today’s market, retention also requires making new hires feel engaged, aligned and connected from Day 1.
With this in mind, we offer three quick tips to think about when bringing people onboard your organization.→ Read More
The question of how to measure employee performance represents one of the last vestiges of old-school HR methodology. Today’s workforce is digitally transformed, highly social and mobile, made up of multiple generations, and collaborating across virtual and global locations. There has been a profound shift in the workforce away from hierarchical, top-down organizations towards teams and collaboration, where having a culture of recognition can drive engagement and results far more effectively than infrequent reviews handed down from on high by management.→ Read More
Creating an engaged workforce is critical to business success. Engaged employees positively impact retention, absenteeism, productivity, customer ratings, profitability, and many other business outcomes – as outlined by Gallup. Sadly, only 32% of U.S. employees are engaged – meaning they are “involved in, enthusiastic about and committed to their work and workplace.” And the numbers are even worse beyond our borders, with engagement standing at a mere 13% worldwide! While leading organizations are aware of the problem and are actively seeking solutions, many are not seeing a good return on their engagement investments.→ Read More
Today’s workplace is evolving rapidly. The recent focus on employee engagement has taught us plenty, including how closely tied employee engagement is to an organization’s success, and what happens in this disrupted, transformed workforce without engagement: our top talent moves on. We also know that one of the primary drivers of engagement is recognition. So where do those understandings lead? If we want to be successful in this changing landscape they lead to a workplace culture built on recognition, rewards, feedback and transparency.→ Read More
Do your employees feel recognized? Think carefully, because over 65 percent of employees report they don’t feel recognized at work. And lack of recognition just happens to be the number one reason why employees quit. Employee recognition drives employee engagement, and with higher employee engagement come lower turnover rates and stronger business results. Engaged employees perform 20 percent better and are 87 percent less likely to leave their organizations than their disengaged colleagues. Also, companies with the most engaged employees report revenue growth at a rate 2.5X greater than their competitors with the lowest level of engagement.→ Read More
We’re way beyond the old paradigm of years-of-service plaques or holiday gift cards as a form of employee recognition. We know that such rewards, tied to tenure or sporadically bestowed on an individual employee for a job well done, fall short of achieving any larger goal. For employees, they do little to spur a sense of being truly valued by an organization. For the organization, they don’t spark the levels of engagement that we know drive performance and lead to desired business outcomes.→ Read More
Employees are arguably the most important component of a successful business. Employees put a human face on the product, build relationships with customers, and define the work culture that feeds business performance – yet 32% of companies struggle to retain top talent. What defines an effective retention strategy varies from business to business, but there is one common element that has been found to work across most business types and sectors: employee recognition. In fact, a recent Achievers’ study found that employees have a deep desire for recognition, with 93% hoping to be recognized at least once a quarter.→ Read More
It’s that time of year again, time to give thanks! And what better way to give thanks than to thank our very own employees here at Achievers. A business is nothing without its employees, which is why we encourage frequent employee appreciation. Today, we’d like to highlight some of the top employee recognitions sent across our ASPIRE platform, powered by Achievers’ HR technology. We’re proud of our employees and everything they accomplish day-to-day. Check out some of our favorite recent employee recognitions and get inspired to thank someone in your organization for a job well-done!→ Read More
Are your employees reaching their full potential at work? According to a Middlesex University study cited in a recent Sh!ft infographic, of almost 4,300 workers polled, a whopping 74% felt that they weren’t achieving their full potential at work. So how does a business engage its employees to make them feel empowered and more productive? One answer is by providing the right learning and development opportunities.
But how do you determine which learning and development opportunities are right for your employees?→ Read More
How important is it to have inspirational leadership versus average leadership? The answer: Very important. According to Great Leadership, organizations with the highest quality leaders were 13 times more likely to outperform their competition in key bottom-line metrics such as financial performance, quality of products and services, employee engagement and customer satisfaction. Which is why it should be mission-critical for businesses to focus on developing inspirational leaders to improve company culture, teamwork, performance and bottom-line results.
CEOs are focusing on leadership development opportunities for their workforce more than ever to maximize business performance and encourage their employees to reach their full potential.→ Read More
A recent study from researchers at the University of Warwick, cited by Entrepreneur magazine, revealed that happiness makes people 12% more productive. Said the authors of the study, Professor Andrew Oswald and Dr. Daniel Sgroi from the Department of Economics at the University of Warwick:
“Companies like Google have invested more in employee support and employee satisfaction has risen as a result. For Google, it rose by 37%… Under scientifically controlled conditions, making workers happier really pays off.” Added Dr.
Life would be simple if hiring the best people were only a matter of offering competitive pay. Incentive Magazine revealed employee benefits are more valuable than ever – according to MetLife’s 10th annual study of employee benefits trends, there is a strong relationship between satisfaction with benefits and overall job satisfaction. In today’s tight talent market, employers have to claim a unique position for their brand if they want to snag the top-tier candidates. Here are five compelling perks your business can use to make all your job openings magnetic.→ Read More
Millennials are the hot topic of conversation in human resources departments today. This much talked-about but little-understood new generation is coming into its own in the workforce and will soon represent more than half of all U.S. employees. As baby boomers continue to retire, companies are facing the challenge of attracting and retaining millennials to replenish their ranks. With this backdrop, understanding the kind of corporate culture millennials desire and the forces that motivate them is key. But when you dig a little deeper, you will find that many of the same forces that motivate millennials also have a broader positive impact on your entire workforce, no matter their generation or demographic.→ Read More
There’s a lot of research identifying the characteristics of a good manager, but what traits are inherent and what traits can you learn?
Improve employee wellbeing and your business’ bottom line with employee incentive programs for health and fitness.