Many organizations waste so much money and resources on hiring, developing, retaining, and rewarding “the wrong people.” The outcome of these efforts has a huge impact on company results, be it profitability or productivity. Jacob Morgan, in his Harvard Business Review article, “Why the Millions We Spend on Employee Engagement Buy Us So Little” (March 10, 2017), provides compelling data and evidence of a strong correlation between company performance and employee experience. In his opinion, “most initiatives amount to an adrenaline shot. A perk is introduced …. over time the effect wears off.” …

Throughout my career, I have been part of diverse global leaderships teams and held various positions of responsibility. Many years ago, one of our business leaders, who was responsible for the unit, frequently advised us to “keep our eyes on the ball!” During almost every monthly financial call, and at the end of every call, he repeated these words. “Don’t forget to keep your eyes on the ball!” Nobody thought to question him about what he really meant.

At the time, my assignment involved building a new global product line that would be managed in multiple locations. My participation in…

Hidden Treasure That Can Significantly Improve your Bottom Line

Without the efforts of your employees, working in harmony with leadership, an organisation is not likely to achieve long-term success. If employees are not aligned with the company’s strategy, they may be busily working while merely spinning their wheels. In fact, rather than truly contributing to the company’s performance, they may be steering it down the wrong road.

A 2017 report by Gallup, “Re-Engineering Performance Management,” authored by Ben Wigert and Jim Harter, cites a discouraging estimate about employees in the US: The cost of poor management and lost productivity from…

Based on hundreds of appraisals and interviews with individuals of diverse gender, age, or education — while assessing their personal development (mostly career-related, but also dealing with life and self-fulfilment) — we have observed the most common problem to arise dealt with strategy (or, lack of it). In other words, many people fail to construct strategies to achieve a more fulfilling future. In fact, many people lack guidelines or frameworks that would enable them to develop effective strategies for their careers, lives, or relationships.

This observation is not as surprising as one might think, since a significant majority of people…

In reaction to any turbulent market scenario, leadership must adapt to the situation and create solutions to ensure the organisation survives the downturn. A key focus is frequently the budget, where the company can cut costs without undermining the business. Too often, the quality of the workforce and/or their output suffers — either because the company is forced to layoff talented and valuable individuals or overwhelmed employees lose their motivation and lower their productivity.

What steps can companies take to identify and maintain a talented workforce while ensuring that future growth remains on the right track? …

Whether or not corporate funds are abundant, leadership should always focus on the importance of optimal resource allocation in ways that will garner and sustain the most profitable results in terms of revenue, shareholder expectation, and employee growth. Throwing money at traditional human resources systems and approaches that have been proven to fail or temporarily succeed until removed from the equation (e.g., short-sighted reward programmes) is not the answer to ensure sustainable alignment of employees with corporate strategies and goals.

That said, the answer lies elsewhere. A key ingredient of success for your leadership team is getting to know and…

As a leader, to be and do one’s best, to outperform, requires clear and informed thought processes and actions. With this foundation, leaders can minimise unnecessary and damaging costs to themselves, as well as the individuals and organisations for which they share responsibility.

1) The Need for Transparency

There has been a movement toward transparency since the beginning of the technological advancement in every field. In my point of view, this movement represents the biggest revolution of all. Although technology will continue to bring more openness and transparency in our lives, communities, societies, corporations, and nations, the result may not be something that everyone desires…