Be Strategic About Changes to Performance Management!

It’s a stampeding herd! Companies large and small are significantly changing or eliminating their performance management systems. In one conservative estimate from the Conference Executive Board, approximately six percent of Fortune 500 organizations have replaced traditional performance appraisals. Bersin by…

Latest research and best practices on innovation revealed at ISPIM in Boston.

Should innovation be its own profession in large organizations? Can pharmaceutical, biotech and green tech innovation occur without incubators? How do companies continually renew themselves in our fast changing, fourth industrial revolution[i]? Is the triple Helix for innovation really a…

What Inspires Employees to Think Like Owners?

Does your executive leadership team want an engaged workforce that provides discretionary effort, makes valuable innovative suggestions, and surpasses their goals – one that acts and feels like owners? If you do, I suggest that you implement the following employee…

Personal Reasons and Compensation Rank as Top Turnover Causes

A recent U.S. analysis on the top reasons why employees leave companies points to compensation as the No. 2 reason, preceded only by “personal reasons/life changes.” Perhaps most striking was the differing perceptions about fair pay. Although 73% of employers…

Does Demographic Diversity Lead to More Innovation?

Does demographic diversity lead to more innovation, or is it just so much talk? In my own experience, the answer is yes, especially when organizations have educational, business professional, and cultural diversity. Successful demographic diversity requires that management spend more…

Three Lessons to Learn from the Zenefits Scandal…

During the past week, Zenefits’ founder and CEO, Conrad Parker, resigned over a breaking scandal that Zenefits had hired benefits brokers who were not licensed to sell Zenefits’ services in Washington State and other jurisdictions. And worse, that Zenefits had…

Rewarding Success Comes Naturally. Do You Reward Failure in the Pursuit Of Innovation?

We are naturally inclined to cheer on a dramatic success and reward the winning outcome - the basketball player who makes the game winning shot at the buzzer, or the salesperson with the highest sales.  When a success is big…

The Often Ignored Importance of Getting Pay Right!

I had just finished building a great team of recruiters and sourcers, refined our branding and social marketing, and trained management on the new applicant tracking system. We were ready to shift into high gear for serious recruiting to add…