Recognition Should Be at the Core of Keeping Your Best Employees

Non-Monetary Rewards and Recognition - Keeping Employees Engaged and Motivated

The best companies have extensive recognition programs that make it IMPOSSIBLE for their best talent to leave.

Best practices in recognition include specific programs at the individual, team, department, and team level.

Recognition and non-monetary rewards should be a key element of your culture, where you celebrate individual, team, and company performance. The rewards should include praise, feedback, opportunities for learning and development, and achievement awards.

Recogition and Rewards to Engage and Motivate EmployeesDo you have an extensive set of recognition and non-monetary rewards that bring outstanding talent to your organization, AND prevent recruiters from poaching your best people?

Have you benchmarked what comparable companies do for recognition?

Do you collect competitive information when interviewing candidates? Do you ask them what recognition programs they are eligible for – and which ones they’ve been awarded?

Have you posed this question about “what other companies do” to your HR and benefit consultants, or labor law attorneys?

Have you researched the on-line libraries in your trade group or association for best practice information around recognition programs?

There is a wealth of content on the web, including in our website, various HR portals, bloggers, and associations on how to craft, design, implement, and execute an outstanding non-monetary rewards and recognition program.

Perhaps, in my next few blog postings, we’ll break down each of the key elements of a great employee recognition program, and I’ll identify some of the best resources I’ve discovered over the last decade.

In my conversations with thousands of professionals and high school athletes (I coach high school girls basketball), everyone wants to be recognized for a job well done. Are you providing this most basic human need?

Barry Deutsch

 

Have you used our 8-Point Retention Matrix to verify you’re doing everything you can do to keep your best people?  If not, click hear to download this self-assessment tool for checking your retention capability score.

Let’s NOT train our staff so they’ll get picked off for better jobs

Are providing enough training and development to keep your employees engaged?

 

I was conducting our Speaker Program on retention titled “You’re the Person I WANT to Keep” and we were at the section on discussing how training and development is a powerful element of employee satisfaction and engagement.

One of the CEOs in the room blurts out “Why should we train our people – we’re just preparing them to be stolen by our competitors”

I was so stunned at this remark, I was for once at a loss for words. Then, an even bigger shocker took place: Some of the other CEOs in the room actually started nodding their heads in agreement.

What have to come to where we are so afraid of our employees leaving, that we're willing to lock them in the basement, put our thumb down on top of them, and crush their future capability?

Is this perspective dysfunctional or what?

NOT training your employees is a sure way to lose them. NOT providing opportunities for learning, development, and personal growth is one of the major reasons 50% of your workforce is logging onto job boards trying to see if the grass is greener somewhere else.

Training the heck out of your workforce is one of the best ways to “recruiter-proof” your company. I know you’ll lose a few people over time to competitors; however, you’ll keep a far larger group.

Perhaps, most importantly, the value training brings extends far beyond just keeping people. Your workforce becomes more skilled, knowledgeable, and capable than all your competitors. Productivity goes up. I can’t begin to quantify the value of a well-trained workforce.

What’s your training investment? How much of every revenue dollar goes to training? Does every employee have a personal development plan for formal training, e-courses, webinars, projects, on-the-job skill training?

When you are planning on making training one of the core elements of your culture?

Barry Deutsch

How Important Is Hiring and Retaining Great People?

Is Hiring and Retaining Top Talent Important To Your Organization?

On a recent Harvard Business Review Blog Article, titled Good Managers Lead Through a Team, Linda Hill & Kent Lineback spoke about how the ability to manage teams is one of the key pillars of success for managers and executives. This an excellent and well-written article that all managers and executives should read.

I commented on the article since I felt the authors missed the key point about people and teams. It’s not as much the ability to manage them – as it is the issue of hiring and retaining them.

Here were my comments to the authors. What are your thoughts?

 

Excellent post about a key pillar of successful managers and leaders. I'll go one step further. In our executive search practice, we've completed well over 1,000 projects and interviewed over 250,000 managerial and executive candidates over the last 25 years. We've identified that the NUMBER ONE element of success for managers and executives is hiring and retaining a top-notch team.

Even hiring managers and executives with technical weaknesses in their functional niche or specialty out-performed their more technically adept peers due to their stronger teams. It affects career progression, job opportunities, bonus and incentives, and job satisfaction.

Managers and Executives who hired middle-of-the-road minimally qualified candidates, and accepted mediocrity among their team members, had average and mediocre careers – passed over for promotions, denied new opportunities, and failed to earn their full bonus potential.

No other trait or ability appears to come close to the correlation of success for managers and executives and their ability to hire and retain top talent.

Unfortunately, most companies give the concept of hiring top talent and “our people are our most important asset” lip service. Rewards, incentives, goals, objectives, and consequences don't match the propaganda most companies spew out about their people and teams. You can find isolated cases of companies that make hiring and retaining a top priority – but the list is very small. More likely, you'll find a few managers and executives scattered through-out different companies who instinctively “GET IT.”

Why do you think there is such a gap between the generic words about the importance of people and team members vs. the practical application on a day-to-day basis?

 

Share your experience of what happens when managers and executives do a great job of hiring and retaining top talent vs. what happens when weak, average, and mediocre people are hired and “tolerated.”

If you would like to read the full article, click the link below:

Good Managers Lead Through A Team

Barry Deutsch

 

PS: Download a copy of our best-selling book “You’re NOT the Person I Hired” and take our Hiring Process Assessment to determine if your organization is capable of hiring top talent.

How To Shorten The Time It Takes To Hire

Q. We are a mid-size company that doesn’t hire that often. It seems that when we want to hire it takes a long time just to find qualified candidates. Is there a way to shorten the time it takes to hire someone?

Hiring fast rarely includes hiring the very best. The best way to shorten the time it takes to hire someone is to have a pool of qualified people available when you need them. The problem is most companies start the hiring process when they need someone. Often after one of their best people just gave notice. Companies then expect that at that exact moment in time a highly qualified candidate will also be searching, the stars will magically align and they should be able to hire this person. Wouldn’t it be nice if every time you were looking, highly qualified candidates were also looking? It just doesn’t work that way. Most hiring processes are reactive. To change your situation your hiring process must become proactive.

Highly qualified candidates don’t search based on your hiring schedule. They search based on their schedule so hiring can’t be a onetime event when you decide you are ready to hire someone. This will only provide you with the best available candidates at that moment in time. Companies that excel at hiring top talent know that hiring is a process and having a queue of qualified candidates is critical. Your hiring managers should always be on the lookout for potential people, even if your company only hires once a year. Every manager should have at least two or three potential candidates for the key positions in their department. This means that your hiring managers will have to dedicate at least some time each month to hiring. They should engage potential hires, identify who might be a potential hire, attend professional groups where these potential hires exist, respond to unsolicited resumes that have potential instead of deleting them, use LinkedIn to connect with potential candidates and follow-up with potential candidates when contacted. None of these takes a lot of time to do, maybe an hour a month. These small things can dramatically shorten the time it takes to hire someone and also increase the quality of those hires.

Join the other 10,000 CEO's, key executives, and HR professionals who have downloaded a FREE copy of our best selling book, “You're NOT The Person I Hired.” Just CLICK HERE for your FREE ebook.

Want to assess your hiring process? Download our FREE 8-Point Hiring Methodology Assessment Scorecard. How does your company rank on these critical points? CLICK HERE to download.

I welcome your thoughts and feedback. If you liked this article and found it helpful, please forward it to others.

Brad Remillard

 

Do Your Employees Trust You?

Dysfunctional boss who has zero trust with his team

In numerous studies, surveys, and research, employees indicate over and over that trusting their immediate supervisor is one of the most important elements of their job satisfaction.

  • Can you honestly say that your direct reports trust you? Do their direct reports trust them?
  • How do you know?
  • Do you cross your fingers hoping they trust you?
  • Have you conducted any anonymous surveys recently? Hired a coach to ask a few tough questions? Solicited feedback from your staff?

Probably NOT.

Implications of a lack of TRUST

The number one reason employees decide to leave their jobs is due to a lack of opportunity. More on this subject in another blog post. The second most common reason is loss of respect for their immediate supervisor/boss. AND there is no faster way to lose respect than the destruction of trust.

How many of the employees in your company have one foot out the door, are actively searching the job boards, or would leave immediately for an appropriate job at a lateral level just to get away from your company?

If general trends hold true for your company, probably about 50% of your staff are open to a better opportunity – they’re trying to see if the grass is greener somewhere else. Of this 50%, what percentage got to the point of seeking greener pastures because they lost respect for their boss — due to no longer trusting that individual?

6 Components of a Trusting Relationship

Let’s delve a little deeper into some of the specific issues that define the level of trust between and employee and her boss. By the way, if I somehow manage to leave out a key issue that you think is important, jump right in and pose your trust issue as a comment.

Communication: I recently put up a blog post on our Leadership Community Blog regarding how communication can affect trust. The more you communicate, the higher the trust. Communication might include telling your staff the reasons behind your requests and commands, it might include tying business results to their activities, it might include conducting one-to-one feedback and coaching sessions.

Being fair: Nothing will destroy a relationship between a boss and her subordinate faster than NOT BEING FAIR. The typical example of a lack of fairness is when the boss sets different levels of performance standards for various team members. When the boss plays favorites, or frequently lets select team members “off the hook”, the rest of the team resents it and loses trust.

Rational and objective: You’ve got your emotions in check. You’re not a mercurial, table-pounding, wall-smacking screamer. You don’t “fly off the handle”. You don’t throw tantrums. The argument with your 17 year old this morning, or the driver who cut you off and then made an obscene gesture at you – doesn’t affect how you treat your people. You never criticize the person or put people down. You’re good at asking questions to solve problems and guiding/coaching your people to solutions.

Their success is important to you: Your staff respects you. They seek your advice on their career. You demonstrate a interest in their success by having occasional conversations about their career – perhaps once a quarter in your one-to-one sessions. You’re able to remove your “boss” hat and put on your “career coach” hat. You can have an deep and objective conversation about their dreams and expectations.

You “have their back”: Your staff will occasionally run into trouble with customers, vendors, suppliers, peers, and those higher up the food chain – like your boss, the board, or other peers on the executive team. Do you “have their back”? Will you stretch your neck out to protect your people. Can they go about the day doing a good job knowing you’ll always have their back.

If not, do they move through the day like frightened rodents, avoiding trouble and trying to fade into the woodwork? Are the members of your team “risk-takers” willing to do what they believe is in the best interest of the company – or do they cower behind you dumping every issue onto your back to solve?

They learn from you: A prime motivator of top talent is that they want to grow and learn. Do you help them reach their potential by giving them challenging assignments, stretching them through coaching to achieve outstanding results, providing meaningful work that is stimulating, learning-oriented, and impactful? Do you send them to classes, webinars, courses to expand their knowledge and skills? For example, do you sit down with each of your direct reports once or twice a year and develop a detailed learning plan to move their capacity to a new level?

Are you failing your team by not focusing on these six components of developing a trusting relationship? When should you decide to stop the typical insanity that takes place in most companies where trust is assumed since people show up for work everyday.

Just showing up is not indicative of trust.

Do you have a plan for how you’ll build trust with your team over the next year? Do you know what to do? If not, pick one of the ideas listed below and start down the path of building a trusting relationship with each of your direct reports.

How to build a Trusting Relationship

Could your executive or managerial team pass a test with flying colors if their staff was asked to score them on the above 6 components. If the answer is anything short of a resounding YES – then perhaps it’s time to conduct an intervention to improve trust:

  • Bring in a resource to teach how to build trust
  • Turn gaining trust into a process
  • Incorporate trust as an element when you conduct 360 degree feedback or employee satisfaction surveys (of course, this is an integral part of your employee engagement and motivation programs – right?)
  • Do you score “TRUST” when you evaluate your executives and managers annually? If you don’t score it, and it’s not a component of determining bonuses, why should anyone care? Most employees will do what you measure and reward. If trust is not measured and rewarded – they’ll assume it’s not important to you.
  • Send your executives and managers to “charm” school to learn how to develop trust with their subordinates
  • Make your team read a book about building trust and discuss it in your next staff meeting
  • Force career management discussions at least quarterly with documentation as part of the one-to-one process
  • Role model the importance of trust through-out the organization by demonstrating it continually with your direct reports (do you consciously and continuously think about building trust with each of your direct reports)
  • Freely distribute information about company performance so everyone can understand the role they play in your overall success
  • Publish and promote trust as one of the core values of your company (I assume you’ve already gone through this exercise and your values are loudly proclaimed through-out the company – handing on a banner in the lobby, on the back of business cards, posted everywhere)

If you’re not actively building and improving trust through-out your organization RIGHT NOW, be prepared for high percentage of your best performers to walk out the door as the job market turns over the issue of lack of trust – lack of respect.

Barry Deutsch