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Management & Policy

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Don’t Think Retention Is an Issue? Here’s Why You Should Reconsider

Recognize This! – Traditional approaches to retention may no longer be enough.

Granted, the recover from the recession has been mediocre at best. In this reality, many company leaders have become complacent in regards to talent, assuming employees don’t have good options elsewhere so they’ll continue to stay put.

Those days are rapidly coming to an end. John Hollon, editor of TLNT, offers a brilliant summary of survey results recently released by OI Partners. Just glance at the chart below and you can quickly see the changing dynamics of retention in the workplace.

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Report Higher Turnover Today

Concerned about Turnover

Front-line workers

51%

78%

High-potentials

34%

63%

Senior executives

29%

51%

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Using Employee Opinion Surveys to Drive Engagement

(Editor’s Note: Today’s post is brought to you by our friends at SilkRoad, whose passion is creating a world-class employee experience. I just returned from their annual users’ conference – three days of networking, education and fun. I wrote a post about their great event over on the SilkRoad blog. Hope you’ll check it out here!)

According to SilkRoad’s TalentTalk Research Program, the most popular way companies measure employee engagement is via their annual employee survey (59%). Since employee surveys should never be done haphazardly, this puts the development, implementation and communication of an employee survey front and center.

employee, opinion, survey, employee opinion survey, satisfaction, engagement, SilkRoad, HR, Software

Employee opinion surveys are used for a variety of reasons. I’ve always looked at them as a way to converse with employees about the workplace. They provide a tremendous amount of data. But I believe it’s short-sighted to view them as a report card about how things are going. Because while there’s a lot of data that is gleaned from surveys, it’s never the whole story.

Surveys offer the ability to receive feedback at every level:

Organizationally, a survey can identify company ...

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Grief, Grind, and Glory of Work

Reblogged from Steve McCurry's Blog:

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Last month the world heard the tragic news
that more than a thousand people working at a clothing factory in Bangladesh,
were killed when 
the factory they were working in collapsed.

Burma

The appetite for cheap clothing in the West is insatiable. 
The people making the clothing  often pay the true cost of these items. 
The scale of this factory in Burma is vast.

Read more… 372 more words

In the weeks since the tragic (and preventable) fire at Rana Plaza in Bangladesh, which took the lives of 1,127 human beings, I have been deeply troubled. Every day millions of people face terrible conditions simply to eke out a meager living. There's a high cost to cheap labor and many in Western countries are just starting to understand that. Discovering these photos by the extraordinary photographer Steve McCurry captured the pain, monotomy and little moments of respite that characterize a largely ignored work force. Each of these photos are a mini masterpiece that allow us a ...
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Implications Of An Older Workforce

I stumbled across this article in The Atlantic talking about the number of older workers surpassing younger workers for the first time. It’s really not a surprise. Many baby boomers are having to postpone retirement because they’re still feeling the impact of the Great Recession. While the economy is getting better, let’s not kid ourselves…for many, there’s still a lot of catching up to do.

I’m really surprised that business isn’t talking about this a bit more.

We need young professionals in the workforce. Not just for their fresh thinking and ability to move up the corporate ladder. The economy needs people to do all the stuff that happens when we’re young: buy or rent places to live, decorate homes, take vacations, fall in love, marry or move in with someone. If young professionals are unemployed or underemployed, those options are limited.

older, workforce, professionals, retirement, older workers, knowledge, aging

Meanwhile, organizations must recognize that older workers will retire someday. Maybe not next week or next month. Maybe not even next year. But at some point, they will retire and companies should be ready. Plans need to be in place to capture the knowledge of this soon-to-be retiree. ...

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3 Reasons Why All Employees Must Be Company Strategists

Recognize This! – Strategy can only be executed by those who intimately understand strategic objectives and their role in it.

Strategy is one of my passions. I’m fortunate that helping clients formulate strategy is also my job. Indeed, my title is Vice President, Client Strategy and Consulting. I greatly enjoy my work helping organizations of all stripes develop a strategy for proactive management of their company culture. Yet, I also believe that everyone is (or should be) strategist in their organization.

Two pieces on strategy I read last week helped me coalesce my thinking. First, from Strategy + Business comes the ideas of Cynthia Montgomery, Timken Professor of Business Administration and former chair of the strategy unit at Harvard Business School. The article describes Montgomery’s approach to strategy this way:

“When you look at strategy as a frame of mind to be cultivated, rather than as a plan to be executed, you are far more likely to succeed over the long run… To Montgomery, a business strategist is not primarily an analyst of position, or of resources; nor is the strategist purely adaptive, responding reactively to the vagaries of ...

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Smokescreen: Does Your Company Have Something to Hide?

Collusion 2
One of the important insights from the financial fiascos of the last few years is that senior managers and their company can’t always be trusted to act openly or ethically. The consequence of that is writ large: a huge number of people lost their jobs. Indeed, on several occasions, employees who lost their jobs have expressed their frustrations to me about their firm’s practice, telling me that they would never have guessed that of their firm’s leaders.

But then, as the conversation went on, they emphasized that a person at their level couldn’t possibly know what’s going on behind closed doors. Duhhhh. Sometimes we have to be shocked to see what was there all along.

The status of a firm and its managers is not nearly as obscure as many employees think. Furthermore, there are a number of clues to various kinds of financial difficulty or hanky panky that employees at any level can pick up.

Bankruptcy?
Here’s how I got educated on potential corporate bankruptcy. Back in the early ‘nineties, I had a number of long-term, development projects at Sunbeam in Boca Raton. Since a part of my development program involved 360 interviews, I ...

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Why Most Companies Fail at Innovation (And What to Do Instead)

Recognize This! – Innovation is not just the big, market-transforming end result, but the little ideas along the way.

What’s the most powerful word in business today? Innovation.

Read any blog, any news source, any prospectus and you will quickly stumble over “innovation.” How the company pursues innovation, how innovative the products are, how “innovation” is a core value of the company. And this is all well and good – innovation truly is what propels industries and markets ever forward.

But the real question smart companies should be encouraging every employee, in every role, to ask is: “What can I do, in what I do every day, to be more innovative? How can I innovate our product, our service approach, to better serve our customers, change the market, or push the company forward?”

Unfortunately, too many people think innovation is too big for them or “not in my job description.” I believe that’s because we as leaders have failed to explain what real innovation actually looks like. David Steinberg, chief executive of XL Marketing, gives a much better definition of innovation in a recent New York Times ...

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Telecommuting Doesn’t Have a Major Impact With Employees

(Editor’s Note: Today’s post is brought to you by Allied Van Lines, a leader in the moving and storage industry with more than 75 years of experience. For a second year, they are championing a research project, Allied HRIQ, aimed to provide business professionals with data on current workforce trends. I’m honored to be working with Allied again and hope you find the information interesting.)

A few months ago, Yahoo! President and CEO Marissa Mayer banned telecommuting. The response uproar backlash was swift. Experts from everywhere said telecommuting is essential to employee satisfaction and engagement. Some said this was the first sign of the apocalypse. All right – you caught me. No one really said that … but you would have thought the world was coming to an end given all the media attention.

Allied, Allied Van Lines, Allied HRIQ, telecommuting, flextime, employees, balance, logo

Let me toss an idea out there. Maybe telecommuting isn’t the utopia we think it is. Or that it’s been hyped up to be.

By definition, telecommuting is when employees do not travel to a central place of work. Telecommuting is also referred to as telework or remote work. Typically when a person telecommutes, they’re working from home. So ...

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Do you know what your ROI of your decisions are?

Turn to almost any organization in the country and a familiar thread is going to be heard - What is the ROI (Return on Investment) for this project? Human Resources is no different. Through the works of Bersin & Associates, who in their 2011 report "The Best Practices for the High Impact HR Organization" determined that the top challenge for HR Management was the ability to measure HR programs in financial terms and the work of Jac Fit-Enz and Wayne Cascio who each showed us how to measure HR management we have an idea on how to quantify the ROI of HR. The problem is that this view is concentrated in the metrics of hiring our human capital assets.

However regardless of how defining the ROI measurements are for the above efforts, we seem to be missing a whole other metric of HR ROI. I refer to it as the return of decisions. We complain that our human capital assets are no longer engaged with our organizations but then either knowingly or unknowingly allow our organizations to make very dump mistakes in treating those assets as valuable parts of the organization. Consider these recent enforcement activities:

  1. On May 1, a federal district court handed down ...
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Winston Churchill: “You can always count on Americans to do the right thing--after they've tried everything else."

  Burka

What’s the smartest foreign policy choice for the U.S. now? Remember that good strategy is inevitably about saying yes and no to the right issues. That being the case, how should U.S. politicians be answering this question? Richard Haass, the well-known diplomat, policy author and former President of the Council on Foreign Relations, flips the switch and pushes the reset button to answer this question in his latest book. In fact, he’s playing with heresy.

Set aside your doubts. Haass has not been inspired by Wile E. Coyote. The book, Haass writes in his Time article, is driven by what is and is not going on here at home—the lurching from crisis to crisis. You know, threatening not to pay our bills, cutting investments from human and physical capital, stealing from our children, and “educating people from abroad who want to stay and contribute to this society—and then refusing them the opportunity to do just that.”

The political system makes it difficult to be much of an optimist. And the hawks and defense industries along with retiree and public service unions don’t help at all. The emphasis upon involvement in ...

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