People

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When you are hiring and managing millenials, what are you going to be dealing with?

Are they really different,  somewhat different-  what is the pattern of variation?    Should they be managed differently?  Do they have the same values and motivations as their bosses? .... Here are some perspectives.

 

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An Interview with Dr. Dan Harrison on a Disruptive Technology...

Using Paradox Methodology and SmartQuestionnaire Technology to dramatically improve the Hiring / Selection processes

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What  does people optimization entail? In some of our discussions and feedback on our website, we've received comments along the lines, "You can't optimize people..." To which our response is, REALLY!  Further, we say, if you are a manager over a group of people and you don't have a mindset where you are consciously trying get the most from or make the most of the productivity of your people, then you are probably a bad manager.

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The Gallup organization recently did a study that concluded that disengaged (i.e. unenthusiastic, unmotivated etc..) employees cost, on average, an additional 33% of the money spent on salaries.  That is,  if you’re a small business with a $1 million dollar payroll, you are incurring a $300,000+ cost burden if you do not have highly engaged employees.

How do you get there?

First of all, you have to have an understanding of what engagement is and how you measure it? Engagement is a condition in the culture of an organization by which your employees ..

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Here are a few question to address your organization's problem-solving effectiveness:

Do the leaders in your organization understand accurately the underlying values and mindsets regarding addressing root causes or solving problems?
How much fear/paranoia (really) exists in surfacing problems, in other words, when employees see a problem or an opportunity to improve, how likely are to surface that problem even if they may believe they may have some "blame"?
How does this contribute to employees preferring to keep problems they see to themselves?
When problems occur, are employees supported in their effort to determine root causes or find solution or does the blame game kick in?
Is there a divide between those who create and those who solve problems?

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Today, I attended the Wall Street Journal series of events entitled How I Built It.    As a follow-on to their  ongoing column where they profile  entrepreneurs who have built successful enterprises, they are doing a small "nationwide" tour where their small business editor (and the audience) interviews a group of 6 of these folks in an attempt to better understand their experiences, success models etc…  

At today's even t(3/31/11), attendees included the founders/co-founders from the following firms: Popchips, One Kings Lane, Thrillist.com, Ouidad and Reef.

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When it comes to leading and managing an organization of high performers, a leader needs to focus alternately on selection, development, focus and alignment with a fair amount of reinforcement thrown in. If they do this effectively, they optimize their people. That is, they create a powerful, highly capable, enthusiastic team or set of teams that gets the right things done right and achieves goals. Unfortunately, far too many do not do this at all. 

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"The U.S. Department of Labor has estimated the costs to replace an employee to be approximately 1/3 their annual salary; but when you start looking at the impact of hiring the wrong employee and having to replace them, some studies say 2.5 times annual earnings, some 4 times and some even higher." AGILEdge