You’ve been lied to…
Employees ARE your greatest asset- IF you have the right employees AND you know what to do once you have them. Ask yourself the following questions:
Do I Have the Right Employees?
According to the U.S. Department of Labor, the average cost for each bad hire can equal 30 percent of that individual’s annual earnings. It’s time to embrace a hiring dynamic that emphasizes potential and skill.
Bad hires can be front-line employees or leadership. Either way, it will cost your company greatly. There is also a secret embedded in bad hires- most of them don’t start out that way. Often times, the employee will ace the interview without showing their true intentions.
Over a period of time, their true behavior comes through. That is why it is critical to have consistent evaluations throughout the year to detect changes.
Do I Have the Right Leadership?
Employees don’t leave jobs- they leave managers. We’ve all heard this before because it’s true. Measure your leadership by the engagement of their subordinates, and not just by metrics alone. I led a team with a micromanaged boss several years ago. I was able to keep employee engagement relatively high, but it wasn’t easy. (link to BOSS)
Leadership sets the tone of the organization, regardless of their level. If you have low employee engagement, there is likely a leader that is part of the problem. Address issues at the leadership level rather than admonishing employees.
Do I Have the Right Engagement Ideas?
I worked in a Fortune 500 company for several years and was the unfortunate casualty of several engagement strategies gone awry. A VP would attend a conference and come back with this “brilliant” idea that would benefit everyone. However, because this person had little knowledge of the day-to-day dealings of each department, most of the efforts were pointless.
Employee engagement ideas should be based on what is best for the organization, not following the latest trend. The best way to find out this information is by surveying your current employees. Find out their needs and values, and combine those with the company values to create a transformational engagement program.
Employee engagement is critical component of corporate culture. Click here to learn more about a customized employee engagement program.