Employees who don’t understand the roles they play in company success are more likely to become disengaged. No matter what level employee’s are at, they should be able to articulate exactly how their efforts feed into the broader company strategy.
Since employees are ultimately responsible for reaching their goals, they need to have a strong voice in setting them. Ask employees to draft goals that directly contribute to the organization’s strategy.
Once employees have suggested initial goals, discuss whether the targets are both realistic and challenging enough.
There is a fine line between good stretch targets and bad ones
When stretch goals seem overwhelming and unattainable, they sap employees intrinsic motivation. The enormity of the problem causes people to freeze up, and the extrinsic motivator of money crowds out the intrinsic motivators of learning and growth.
Engaged employees are more productive, more profitable, more customer-focused, safer, and more likely to withstand temptations to leave. The best-performing companies know that an employee engagement improvement strategy linked to the achievement of corporate goals will help them win in the marketplace.
By sharing numbers with employees you can increase employees’ sense of ownership. However, being open is not enough. You need to be sure your employees are trained to understand financial statements and have enough insight into their own jobs to know how to affect the numbers.
Create an organizational culture of transparency Transparency is a popular buzz word on Wall Street these days, and many investors are demanding it. Building a culture of transparency. Make transparency...