Success story contest

One of the measures, which has a significant impact on employee engagement is appreciation.

I would like you to reflect for a moment... and think if you have appreciated your direct reports in the recent past. A more appropriate question would be 'have you given them an opportunity to do something to be appreciated for'?

Let me share some data of the impact of employee engagement on a factor like productivity! In a research study, it was found that

• Engaged employees produced 28 percent more revenue than their actively disengaged peers!!
• Employee engagement also affects the mindset of people. Engaged employees believe that they can make a difference in the organizations they work for. Confidence in the knowledge, skills, and abilities that people possess – in both themselves and others – is a powerful predictor of behavior and subsequent performance.

Let me throw some more data at you: A Towers Perrin survey cited the following:

• Eighty-four percent of highly engaged employees believe they can positively impact the quality of their organization’s products, compared with only 31 percent of the disengaged


• Seventy-two percent of highly engaged employees believe they can positively affect customer service, versus 27 percent of the disengaged


• Sixty-eight percent of highly engaged employees believe they can positively impact costs in their job or unit, compared with just 19 percent of the disengaged.

Why this preamble? Well, its to encourage you to inturn encourage your people to participate in the 'Success story contest'!! Its an opportunity for them to do something that you can really appreciate, there is a bonus financial/non-financial implication for the winners!!

The winners get 25,000, 15,000 for the second team, and 10,000 for the third team.

So, what's your call? Inspire them to participate or maintain status quo. The proverbial ball is in your court.

Comments welcome.

Statistics is funny!!

I had posted a poll a fortnight back. The poll question was 'In the last seven days, have you received recognition or praise for doing good work?'

Results: 100% polled have been appreciated by their superiors.

Inferences:

1. Wow!! Everything seems hunky dory in the L&T Financial Services setup!!Appreciation/engagement levels are very high here!!

2. If you look deeper, there were only two employees who participated :-)

3. Probabalities:

a) The others did not want to participate

b) The others were not appreciated

c) The past few days have been really busy

I think I will go with option 'c'.

And yes, statistics is funny!

Transformational leadership

Transformational leaders--the leaders who really touch others' lives and transform them totally--are charismatic and inspiring, and they create excitement at work. They motivate others to do much more than what anyone thought was possible. Transformational leadership results in performance par excellence at all levels of the organization. On the other hand, leadership that is characterized merely by transactions or exchanges--promise and reward for good performance, or threat and discipline for poor performance--is a prescription for mediocrity.

Transformational leaders also handle change more effectively by generating in their followers an awareness and acceptance of the purposes and mission of the group. They are also able to stir their followers to look beyond their own self-interest for the good of the group.

Transformational leadership is a mutually stimulating relationship that elevates both leader and follower to higher levels of human conduct and ethical aspiration, and lift themselves into their better selves.

Comments are invited.

Source: http://www.rkvenkat.org/