While spending a week in southern California at the 11th Annual Recognition Professionals International Conference, I learned so much about the correlation between employee engagement and a company's financial performance. It's obvious to me that improving leadership habits is one of the most productive and profitable things a company can do. Those organizations that benefit from discretionary effort of an engaged workforce consistently outperform their competition!
THE BUSINESS CASE
- 70%-80% of the top 10 "Most Admired Companies" (Fortune Magazine) are also known as the best places to work.
- 70%-80% of the top 10 companies generating the most sharholder wealth (MVA-EVA Dimensions LLC) are also known as the best places to work.
- In privately funded research, 6 "Contented Cow Companies" outgrew and out-earned direct competitiors by substantial margins over a 15-year period.
- Putting PEOPLE FIRST will put your company first in employee engagement and profitablity!
WHAT YOUR PEOPLE WANT
- The opportunity to do their best work
- Trustful environment
- High standards
- Clear purpose and direction
- Competent, authentic leadership
- Balanced "worth-its"
- Level playing field
- Internal processes that foster pride and winning results
GREAT LEADERS DO 4 THINGS EXTREMELY WELL
- They are optimists
- They get people committed
- They enable people to do their best work
- They care!
IF YOU WANT THE BENEFIT OF A PERSON'S BEST EFFORT
- Care more than others think is wise
- Risk more than others think is safe
- Dream more than others think is practical
- Expect more than others think is possible
Keeeping employees satisfied and engaged is worth it! Your company can outperform your competitors by more than 14% (Russell Investment Group/Great Places to Work Institute) and reduce your cost of lost productivity. Disengaged employees cost the US Economy about $300 billion every year! (Saratoga Institute, Disengagement Study)