
Who needs more customers? Who needs more staff?
Current and future labor shortages will continue to drag down your company’s growth, performance, profitability and your ability to keep customers coming back – and doing more business with you. When employees know that what they do matters, regardless of their position in the company, teamwork, engagement, and productivity go up – and the measure is as high as 40%, at little to no extra cost. When employees continually operate from their strengths, and know that they are the company to the customer, the increase can be even greater. This is exactly what exceptional leaders know that average managers do not, when it comes to employee training, retention, and motivation.
As leaders, we often think that employees work for money, above all else, leading us to believe that we have no influence over their motivations. But the good news is that money isn't the biggest motivator after all. Research shows three non-cash motivators – praise from immediate managers, attention from top managers, and a chance to lead projects – were just as or even more effective motivators than cash bonuses, a pay raise or stock options. While a financial incentive may provide a short-term boost, praise, recognition and career advancement are all far more powerful in the long term. So sure, money is important. And it only goes so far.
Every organization needs fully engaged, caring, committed and empowered employees in order to grow the business, improve the measure of customer satisfaction and succeed. Accountability with engagement equals profitability. With the right skills, education and encouragement, you will build and sustain champions for current and new projects to grow the company. If you are suffering from the ‘productivity puzzle,’ the slowing of employee productivity in spite of improved technology, this will boost the results.
Learning Objectives
Bonus: Receive and test drive the four self-tests that measure and support engagement, retention, and long-term loyalty
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