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Feedback

Terry Lauter Comp

To Leave or Not to Leave? That is the question.

February 2, 2010 · 0 comments  by Terry Lauter Comp

in Business Basics Training, Business Strategies, Compensation, Economy, Employee Communication, Feedback, Leadership, Management, Organizational Growth, Performance Development, Performance Management, Supervisory/Leadership Training

confusedWe all want a purpose in life, don’t we?

Who wants to sit at a desk every morning, not knowing why he or she bothers going to work every day?

Sadly, it’s a mentality that is plaguing more and more high-performers whose development aspirations went out the window with their company’s profit.

According to a survey conducted by i4cp, 76% of respondents said performance management is very important this year, but a meager 23% said their companies are very effective at actually doing it. (http://www.i4cp.com/productivity-blog/2010/01/28/20-years-and-counting-leadership-development-once-again-the-most-critical-issue-facing-organizations-in-2010)

“Finding and developing the right leaders has been considered a top challenge for companies for decades,” said Jay Jamrog, SVP of Research at i4cp, in the report cited above. “Given the volatility of the last year and the accelerated pace of change in the economy, companies should be treating leadership and development as both an urgent survival tactic and a business opportunity.”

“The companies that get it right – and several high-performing companies are doing it right already – have potential for great success.”

Another recent survey by Deloitte, found 65% of surveyed executives are highly to very highly concerned about losing high-potential talent in the year after the recession ends.

Are you one of these execs worrying your high-performers might ditch you as soon as the opportunity presents itself?

The important question is: what are you ACTUALLY doing about it?

If you’re stuck, the following are a few key recommendations for getting you started.

1. Identify your high performers, and help them assess their strengths and development needs. Then work in partnership with them to create an Individual Development Plan, and support them in executing the plan.communication

2. Open the lines of feedback and communication to discuss corporate and personal development goals with your high performers. If you’ve already done so in the past, maybe it’s time for an update. Make sure your superstars know how their personal goals and dreams may be in alignment with the organization’s goals and plans for the future.

        3.  Link compensation more directly to organizational and individual performance. Wherever possible, use self-funded incentive plans to create meaningful rewards and distinctions between superior and standard performance.

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Larry Comp

Bathing and motivation: Recommended daily

January 6, 2010 · 0 comments  by Larry Comp

in Employee Communication, Feedback, Leadership, Organizational Growth, Performance Development, Performance Feedback

“People often say that motivation doesn’t last. Well, neither does bathing – that’s why we recommend it daily.”   - Zig Ziglar showermain

There’s no better time than the beginning of the year to assess your employees’ motivation. Recent studies have shown employee engagement levels are down. No surprise there, but the surprises will hit when employees either leave because they’re not challenged or when they adversely affect company growth because they’re losing steam.

“A Gallup study published in August involving about 32,400 business units found that those in the top quartile on engagement had 18 percent higher productivity, 16 percent higher profitability and 49 percent fewer safety incidents compared with those in the bottom quartile on engagement,” writes Ed Frauenheim in “Commitment Issues- Restoring Engagement Issues” (www.workforce.com).

Here are some questions to help you out:

·         Do your employees understand how they can best make a difference?

·         Do they seem “pushed” to make objectives, or “pulled” toward the organization’s mission?

·         Are their objectives realistic, objective and attainable?

·         Are your staff members able to share in the rewards, as well as the risks?

·         Do they act more like “hired hands” (employees) or people with a vested interest in the business (owners)?

motivation And finally…

      ·     Are your employees motivated?

This last one sounds like a no brainer, but you’d be surprised how many employers forget (or don’t want to) ask that question.

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Terry Lauter Comp

Get real! (With Your Employees)

December 9, 2009

“When people honor each other, there is a trust established that leads to synergy, interdependence, and deep respect. Both parties make decisions and choices based on what is right, what is best, what is valued most highly. -Blaine Lee
It’s time to get real. Employees want authenticity, not manipulation.
The recession won’t last much [...]


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Terry Lauter Comp

In a Recession: Recognize & Retain Your Star Performers, Part IV

July 10, 2009

Research tells us consistently that top performers outperform average team members by a ratio of at least 3 or 4 to one. If you take a moment to do the math, the implications are simply staggering. How could a prudent leader allow his or her super stars to languish among the troops at a time [...]


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Terry Lauter Comp

In a Recession: Recognize & Retain Your Star Performers, Part II

July 6, 2009

Last post, we discussed the fact that “pay for performance” or “rewards for results” is still a myth in many segments of corporate America today. While most companies have a vital few who are achieving most of the goals, we are realistically not recognizing and rewarding these individuals in a way that will ensure their [...]


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Terry Lauter Comp

Seize the Moment!

April 15, 2009

I remembered recently an interesting conversation with a colleague after a training session.  The discussion centered around a particular employee in a key position who was repeatedly demonstrating poor human relations skills in interactions with others internally, and even with external clients and vendors.  When I asked my friend what she did in the situation [...]


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