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Teamwork

I have long been a fan of the “Wizard of Westwood”, Coach John Wooden. The legendary UCLA basketball coach’s phenomenal achievements in basketball probably pale in comparison to his contributions as a teacher and developer of  young mens’ character. Wooden still to this day uses maxims or “Woodenisms” to teach important principles of life. One  seems particularly fitting for the current economic condition in our society:

“Bad times can make you bitter or better.”

NCAA CONVENTIONDoesn’t this capture one of the inherent truths and ultimate “silver linings” that will likely spring up from the downturn of 2008 – 2009? In simple terms, we are personally and as leaders challenged to get better – to improve organizational performance by creating and leveraging improved individual performance. As individuals, we are challenged  to make some tough choices and take actions that may have been easier to avoid or ignore in the past.  The easy fixes haven’t worked. Giving employees an “E” for effort is simply not effective. Apathy is no way to retain good customers. Low performers are not being helped by allowing them to do and be less than they are capable of.

It’s 2009 and America is in the midst of a recession that has created an unemployment rate nearing double digits. We have two choices: Get bitter or get better. As leaders, we are called to dig deeper, tackle our fears, and do the hard work that others won’t or can’t do. To survive now, and thrive after the recession is over, the choice has essentially narrowed to this: Get better.

Recession or no recession, every day that we’re alive, we must improve, grow, advance. Bitterness and defeat is not a viable choice, is it?

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Last post, we discussed the fact that “pay for performance” or “rewards for results” is still a myth in mastar-employeeny 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 loyalty when the turn-around is accomplished. And how can rewards be adequately addressed, anyway, in the current environment?

The secret here is looking at the complete rewards model, not just cash compensation. In the earlier post, we focused on explaining the financial/business realities, engaging the high performers in becoming part of the solution, and letting them know that they are in the plans for the future. Here’s another suggestion to expand their understanding of total rewards:

  • Ask your team member what matters most to them in an environment where financial rewards are necessarily restricted. Focus on the overall value proposition that you offer as an organization, and consider some of the little things that you can provide to recognize and reward the high-potential individual at low or no cost: flexibility to work at home, opportunity to attend classes or programs that will develop their skills, a chance to take on new responsibilities and gain valuable experience/cross-training, etc. In other words, customize the solution to that high performer’s needs. Personalized recognition and rewards always hit the mark, and are aligned with the reality that most people are not just “in it for the money”.

So…….What do you think? Will personalizing the rewards with your highest performing team members serve to strengthen their intrinsic motivation? Is this a fair trade-off when you are limited in your ability to come up with monetary incentives?

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Terry Lauter Comp

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

July 1, 2009

Most every organization has a group (made up of about 20% of the total population) who delivers 80% of the results. In other words, a few folks make a tremendous difference for the overall success of most every business. But here’s the rub: all too often there is no significant difference in the way we [...]


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Larry Comp

Simplify Your Mission, Vision and Values

May 20, 2009

A large number of companies develop their mission, vision and values as part of their organization’s strategic planning efforts. Unfortunately, many of them fail to achieve a solid return for their efforts. Three reasons for this are: (1) they are unclear about the difference between mission and vision; (2) they fail to engage their employees [...]


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Larry Comp

Peter Drucker Nailed It!

May 13, 2009

Several years ago, I had the privilege of hearing Peter Drucker, the “Father of Modern Management,” speak. At the time, he was already very old and nearly deaf, and didn’t seem to realize he was almost speaking in a whisper. The audience, however, was in total awe…and you could have heard a pin drop. I’ve [...]


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Larry Comp

What Can the Grateful Dead Teach Us About Business?

May 4, 2009

 
Each morning, when I turn on my computer, I am greeted by a new inspirational quote. Most of these are thought-provoking and I have saved hundreds of these gems over the years.
Surprisingly, one of my favorite quotes comes from Jerry Garcia of the famous 60s Rock  Band: The Grateful Dead. I’ve seen a number of acts over [...]


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