Showing posts with label employee retention. Show all posts
Showing posts with label employee retention. Show all posts

Thursday, February 10, 2011

What Kind of a Boss Are You Anyway?



















The title of today’s post came from a reader who sent me an email after my blog about employee commitment. There’s a lot of pent up frustration out there about us mangers, People, and it’s bound, as my reader suggested, to chase away your best and brightest.

As someone who likes to research a topic in order to develop it properly, I’ve done my due diligence and here is how some of the issues stack up. Do you recognize even one that applies to you? If so, there are things you can change IF you have the heart and mind to do it.

Don’t Believe All the Stuff You Read in Reviews: only Paris Hilton does that. Put your own boss’s comments in context. Is she bad about having productive performance conversations and the annual review (if you even get one) is rushed and bland? Maybe you should ask your team how you’re doing and really listen for feedback.

Are Your Bad Habits Rubbing Off on Your Staff? Are you continuously late to team meetings or do you regularly ask employees to work extra hours because you couldn’t get your act together? As Stephen Covey said, being in the thick of thin things means that the important things never get done – until they reach a crisis. Putting out fires is not the measure of a good manager or leader no matter how good that adrenaline rush feels.

Do You Show Genuine Respect for Other People? I confess: I absolutely hate people responding to email and texting during meals and meetings or continuing to work while I sit there for a scheduled meeting; and the only functioning brain in the room is mine because the other person erroneously believes in the myth of multitasking. It’s been proven that multitasking is less productive than attending to one thing at a time and following through on it. If you don’t respect my time or the purpose of the meeting, don’t call one -- or me.

You Went on the Leadership Courses; Now What? I’m not one of those people who believe that leaders are born not made although the potential needs to be there. Winston Churchill was a terrible peacetime leader but he understood what it took to lead in the darkest of times. I don’t think he went on a course to develop that skill set. The point is, leadership training can be generic and disconnected from either your job or your organization’s culture; making it very difficult to apply the content in everyday work. The best recipe is training that is a direct result of a good performance review (not filling up a predetermined number of annual training hours) coupled with mentoring and coaching. Being curious and unafraid to ask questions are also vital development tools.

As managers, too often we don’t take stock of our own performance and how it affects the people who have to make things work on the team. Are we lazy or in over our heads? Are we modeling the behaviors inflicted on us by our own bosses? When you find one day that your best people are leaving, you may need to own up to the fact that people rarely leave their jobs; they leave their bosses.

We’ve all had great bosses. Who were yours and what made them great?

Tuesday, September 7, 2010

Three Big Trends That Will Change the Way You Make Decisions
















I attended a seminar this week on predictive analytics, a topic some say would cure insomnia. But, I found the trends important and worth more consideration by anyone who owns a business or runs one or is employed by one – so the majority of us.

I love data, even as a totally right-brained person, because it has a story to tell. The problem is we’ve exhausted the process of using lagging indicators to produce insight about future decisions. Companies should be moving from silos of data hoarded and rarely aggregated to a point where employees collaborate and make real time, fact-based decisions based on modeling organizational data and assessing the power of one choice over others to achieve results.

A few years ago, Thomas Davenport wrote a book titled, Competing on Analytics and cited large companies such as Marriott, Harrah’s and Progressive Insurance as the analytics champions. Not much hope for the rest of us, is that what you’re thinking?

Here’s what I learned from that seminar and I believe it is important for businesses of all sizes to get really clear about the implications of these trends:

Analytics are moving downstream. What was once done by a cube farm full of PhD’s will be done by us regular people who are tasked to come up with hard evidence for what we do (market, train, deploy technology, in short, everything). Technology will make it possible to collaborate with other functions to aggregate data and perform our own statistical and predictive work. On our laptops. In real time. Maybe a lone PhD floating among us.

Analytics are moving into every function. No longer will we be able to get by with a "I -can’t- quantify- the- ROI -of –why- I –need- this- money- from- the- budget-but- trust-me- on- this". Jack Fitz-Enz said it best in his new book The New HR Analytics: if the HR department doesn’t feel up to handling human capital issues in a quantifiable, predictive way; the C-suite will give the responsibility to someone else. That holds true for every function from Marketing to Customer Service.

Predictive analytics are a competitive advantage. At a time when we all are looking for the Holy Grail of business success, if your company isn’t starting now to explore the concept, it could find itself out-maneuvered and shut out by the competition.
  • What if your competition could predict which of its customers was likely to defect in 6 months and offer them a sweetheart deal before they are out the door?
  • How much money will you spend trying to woo a customer that isn’t interested in moving her business to you because you don’t know which behaviors trigger a purchase?
  • What if you could predict which employees had the greatest power to impact customer loyalty and could increase the likelihood of retaining them by customizing their rewards and recognition?

Am I going to turn away from my intuition or sense of what feels right in favor of analytics alone? Heck no, but using both is the right equation: Intuition+ Experience + Analytics = Insight + Results.

How about you?