Tag: #leadershipcoaching

The lack of employee engagement is a billion dollar problem

Post author By mgauthier
Post date March 5, 2021

We are happy to recognize that today, March 5, is National Employee Appreciation Day.

We hope that you have been able to take action on some of the employee engagement ideas we have offered this past week.

Employee engagement impacts employee morale, productivity, innovation and problem solving and customer service. Any one of these can impact the business bottom line.

In fact, the lack of employee engagement is a billion dollar problem.

The Management Journal’s semi-annual Employee Engagement Index reports that 60% of employees are not engaged, and 15% are actively disengaged at work and only 25% are actively engaged.

The impact of employee engagement or rather disengagement is hitting businesses’ bottom line hard.

According to Canada Human Resources Centre, unhappy workers cost the North American business economy over $350 billion per year in lost productivity.

A study conducted by Queen’s School of Business and Gallup, found that disengaged workers logged 37% higher absenteeism, 18% lower productivity, 5% lower profitability, 49% more accidents and 60% more errors and defects than engaged employees.

So how much is this disengagement costing you and your organization? According to Forbes, the costs of a disengaged employee is equivalent to 34% of their annual salary, or $3,400 for every $10,000 of income.

If we applied this to the average Canadian salary of $55,800 a year, the costs of a single disengaged employee to the business is going to be $18,972 annually.

While there is no quick fix, there are simple leadership practices that can produce immediate improvements in engagement.

We are offering a program that focuses on simple but powerful behaviours that will have maximum impact on your leaders’ ability to engage. For more information on our new Employee and Mobilize Engagement Program https://lnkd.in/gQdvVH4

In the meantime, take this free Employee Engagement Self-Assessment for Instant Insights:

Employee Engagement Self-Assessment
for Instant Insights

Tags #crossingpointcoaching, #employeeengagement, #employeeperformance, #employeerecognition, #engagedemployees, #healthyworkplace, #inspiredworkplace, #leadershipcoaching, #positiveworkenvironment, #redworkscoaching

Redworks Blog (all posts)

Do you praise your employees often?

Post author By mgauthier
Post date March 4, 2021

“Appreciate everything your associates do for the business. Nothing else can quite substitute for a few well-chosen, well-timed, sincere words of praise. They’re absolutely free and worth a fortune.” – Sam Walton

Do you praise your employees easily, sincerely and often?

If not, you may be losing out on an opportunity to trigger a dopamine release which can then boost innovative thinking and creative problem-solving.

Take Action – Catch someone doing something well and praise them promptly.

Tomorrow, Friday March 5th, is National Employee Appreciation Day. How will you appreciate your employees?

Increase your skills to more effectively engage your employees. For more information on our new Employee and Mobilize Engagement Program

Your organization may be eligible for funding through the Re-Open Saskatchewan Training Subsidy. Employers receive 100% reimbursement for approved training up to $10,000. The deadline to apply for the Training Subsidy is March 31, 2021.

Tags #crossingpointcoachinng, #employeeengagement, #employeeperformance, #employeerecognition, #engagedemployees, #healthyworkplace, #inspiredworkpalce, #leadershipcoaching, #positiveworkenvironment, #redworkscoaching, employeeappreciation

Redworks Blog (all posts)

Support staff to thrive in their zone of genius

Post author By mgauthier
Post date March 3, 2021

“It goes without saying that no company, small or large, can win over the long run without energized employees who believe in the mission and understand how to achieve it.” – Jack Welch, former CEO of GE

Do you help your employees understand how important their work is to the business success?

If not, you may be missing out on your employees’ best efforts. It is energizing to know when your natural abilities contribute to achieving a mission. This brings purpose to the work. Using natural abilities is the ‘zone of genius’ where employees excel!

Take Action – To help your employees thrive in their zone of genius, share how their talents and work contribute to the organization’s purpose and mission.

Check back for more tips to take action as we build towards National Employee Appreciation Day, Friday, March 5th

Increase your skills to more effectively engage your employees. For more information on our new Employee and Mobilize Engagement Program

Tags #companymission, #companypurpose, #crossingpointcoaching, #employeeengagement, #employeeperformance, #employeerecognition, #engagedemployees, #healthyworkplace, #inspiredworkplace, #leadershipcoaching, #positiveworkenvironment, #redworkscoaching, #zoneofgenius, employeeappreciation

Redworks Blog (all posts)

Regularly recognize your employees’ performance

Post author By mgauthier
Post date March 2, 2021

According to the Cicero Group, research shows that employees receiving strong performance recognition are much more likely to be highly engaged at their job. They are also more likely to perform at their maximum output and develop innovative ways to improve their company.

Do you make it a practice to regularly recognize your employees’ performance?

If not, you may be missing out on supporting your employees to use their strengths towards their best performance.

Take Action – Take the time to personally get to know your employees so you know how they prefer to be acknowledged. Then acknowledge your employees often!

Check back here for another employee engagement tip to take action as we build towards the big day: National Employee Appreciation Day on Friday, March 5th.

Increase your skills to more effectively engage your employees.
For more information on our new Employee and Mobilize Engagement Program

Tags #crossingpointcoaching, #employeeengagement, #employeeperformance, #employeerecognition, #engagedemployees, #healthyworkplace, #inspiredworkplace, #leadershipcoaching, #redworkscoaching, employeeappreciation

Redworks Blog (all posts)

Importance of showing appreciation for your staff

Post author By mgauthier
Post date March 1, 2021

“You never know when a moment and a few sincere words can have an impact on a life.” – Zig Ziglar

Do you regularly show appreciation for your staff members?

If not, you could be losing an opportunity to provide encouragement.

Tip – A simple thank you can make them feel more valued in the workplace and also brighten up their day!

Check back here for another Employee Engagement Tip as we build towards the big day: National Employee Appreciation Day on Friday, March 5th.

Increase your skills to more effectively engage your employees.

For more information on our new Employee and Mobilize Engagement Program:

Tags #crossingpointcoaching, #employeeapprecation, #employeeengagement, #engagedemployes, #healthyworkplace, #inspiredworkplace, #leadershipcoaching, #redworkscoaching

Redworks Blog (all posts)

Local Business Leader Transition Research Finds that Businesses Could Lose Millions

Post author By mgauthier
Post date February 9, 2021

Happy to have our article, Local Business Leader Transition Research Finds that Businesses Could Lose Millions, in The Edge Magazine’s blog.

If you want to learn more about how to establish consistent key practices to create successful leader transitions please reach out.

https://www.dbpc.ca/blog/

#leadertransitions #leadershipdevelopment #leadershipcoaching #leader #redworkscoaching #executivecoaching #businessleadertransitionresearch

Tags #executivecoaching, #leadershipcoaching, #leadershipdevelopment, #leadertransitions, #redworkscoaching, businessleadertransitionresearch

Redworks Blog (all posts)

Leader Transitions: From Risky Business to Uncovering Opportunities

Post author By mgauthier
Post date January 22, 2021

A change in leadership is a time of flux and change for everyone – the leader and the team. These transitions create potential risks at every level of the organization and profitability, productivity and morale can be negatively affected. In fact, research has shown that nearly 50% of leader transitions fail.

It is crucial that businesses look at decreasing and preventing key challenges leaders in transition are facing.

Leader transition research conducted by Kathleen Ozmun and Marielle Gauthier, found a number of opportunities to ultimately lower the risks, increase productivity and quality of work, and foster better stakeholder relationships, all of which impact the bottom line.

Businesses that enhance their support for these transitions position themselves to gain benefits such as:

Reduce risks and costs
More resilience as a business
Business continuity
Maintain revenue stream
Better relationships with key stakeholders
An engaged and informed workforce
Maintain productivity and high quality work
Consistent excellent customer service
Smoother organizational changes

Gauthier and Ozmun recommend a comprehensive multi-faceted approach for a successful business leader transition. Initial actions as a starting point are:

Create a leader transition support team to accelerate role effectiveness
Equip leaders to nurture and build strong stakeholder relationships
Develop a cross-training program aimed at building the skills of employees in the company

These articles will help you assess your current business situation, the risks and impacts of your leader transitions, and ways to support leaders in transition.

Find out more about the risks of leader transitions and actions to take at the free ‘Leader Transition Is Risky Business’ Lunch and Learn, January 27, 2021.

Tags #leadershipcoaching, #leadershipdevelopment, #leadershiptransitionisriskybusiness, #leadershiptransitionresearch, #manageleadertransition, #redworkscoaching, leadership, leadershiptransition

Redworks Blog (all posts)

Unsupported Leader Transitions: A High Stakes Game

Post author By mgauthier
Post date January 19, 2021

The struggles faced by leaders in transition have immense impact on the business. These struggles can reduce the productivity, performance and engagement of the new leader which can ripple out into the organization. This can potentially jeopardize whole programs and services.

Businesses with leaders in transition must be vigilant to identify issues which can impact productivity, morale, relationships, performance and revenue. A focused effort to manage and correct will be required.

Based on our experience and current leadership research, we strongly believe that leadership development supports leaders and their organizations to be more successful.

According to the Center for Creative Leadership, substantial investments in leadership development drive performance and gain competitive advantage in four ways:

better financial performance
better talent management
improved strategy execution and
better change management.

Risks are created as leaders struggle and the stakes are high. If struggles are not addressed, there will continue to be risks to the business.

Here are some questions to help you think about ways to support your leaders in transition:

What are your leaders struggling with?
What do you have in place to support them?
How are you setting up the leader and their team for success?
How do you help your leaders quickly develop their skills?
How do you help your leaders learn to manage and influence the organization?

For further questions to assess your current business situation and the risks and impacts of your leader transitions.

Find out more about the risks of leader transitions at the free ‘Leader Transition Is Risky Business’ Lunch and Learn, January 27, 2021.

Tags #crossingpointcoaching, #leadershipcoaching, #leadershipdevelopment, #leadershipdevelopmentcoaching, #leadershiptransitionresearch, #leadertransition, #leadertransitionisriskybusiness, #manageleadertransitions, #redworkscoaching

Redworks Blog (all posts)

Leader Transition is Risky Business

Post author By mgauthier
Post date January 7, 2021

There are many reasons for leader transition – new position, retirement, promotion, development, and unfortunately death. The majority of transitions create significant challenges for business continuity, financial stability, and business growth.

A change in leadership is a time of flux and change for everyone – the leader and the team. These transitions create potential risks at every level of the organization and profitability, productivity and positivity can be negatively affected. In fact, research has shown that nearly 50% of leader transitions fail.

Leader transition research conducted by Kathleen Ozmun and Marielle Gauthier, found that the financial costs to the businesses if the transition failed were significant – from tens of thousands to more than $3 million dollars.

Here are some questions to consider regarding your current situation:

How prepared are you to manage the leader transitions in your business?
How much risk is there for your business if you were to lose key leaders?
How urgent is it for you to have a plan to successfully transition your leader?
What might prevent you from putting a plan in place to support your transitioning leaders?
What can you do today to prepare?

Find out more about the risks of leader transitions at the ‘Leader Transition Is Risky Business’ Lunch and Learn, January 27, 2021. Register Now