According to a Leadership IQ study, it appears that the recession has impacted employees’ relationships with their supervisors and employers. The study found that 66% of employees surveyed said they have too little interaction with their bosses. That is an increase from 53% in May 2008, leading to speculation that the recession is to blame. This finding may be particularly troubling as the economy improves and the pre-recession battle for talent amongst recruiters begins to wage again, because those who said they don’t get enough feedback are 43% less likely to recommend their company to others.
Employees Need Feedback - Now More Than Ever
Three Indicators of Performance Management Issues
Successful performance management programs include several key components - setting clear performance expectations, tying pay to performance, and providing constructive feedback to employees. However, just having these components is not enough. They need to be well-designed and well-implemented, and if one component is not working, the performance management program needs improvement. So what are the indicators that can help determine if improvement is needed?
Helping Staff Recover After A Layoff
Layoffs are wrenching for companies in many ways. First, there is the sobering reality that layoffs are necessary for the bottom line. Next come the anguishing decisions about what areas to cut, followed by the unpleasant task of sharing the news. No wonder company leaders want to wash their hands of this matter once they hand out the severance packages.
But ending it there isn’t an effective strategy. After all, you still have to manage the morale and productivity of remaining employees. Here are five strategies for guiding workers through this tough time:
33 Ways to Motivate Your Employees
Motivating employees has always been a challenging issue. On the one hand, we can say that it’s not possible to motivate employees at all - people typically do what they want to do; they are motivated for their own reasons, not for your reasons. On the other hand, research has shown that there is a strong relationship between happy employees and productivity. So how do you ensure that your employees are happy and motivated? One thing you can do is create an environment that motivates workers. Here are 33 suggestions for you to motivate your employees.
Engaging Your Employees During Difficult Economic Times
“If your actions inspire others to dream more, learn more, do more and become more, you are a leader.”
-John Quincy Adams
Engaging your employees during difficult economic times is a true test of your leadership. Employees are engaged if they show an ability and willingness to exert extra effort for the benefit of the company, and speak highly about the company and their intent to stay.
Cost-Cutting Actions Leads to Decline in Morale
The 2009/2010 U.S. Strategic Rewards Survey conducted by Watson Wyatt and WorldatWork, found that cost-cutting actions made by U.S. employers in 2009 to deal with the economic downturn have contributed to a sharp decline in the moral and commitment of their workers, especially top performers.
