Senior Leadership Chapter 8 Summary

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Chapter 8: Reason 5: Feeling Devalued and/ or Unrecognized To Make Employees Feel Valued and Recognized: Offer competitive compensation linked to value creation, Reward results with variable pay aligned with business objectives, Reward employees at a high enough level to motivate higher performance, Involve employees and encourage two-way communication when designing new compensation system, Monitor the pay system to ensure fairness, efficiency and accuracy, Create a culture of recognition founded on appreciation, Make new hires feel welcome and relevant, Ask for employees input, then listen and respond, Keep employees in the loop, Give them the right tools and sufficient resources and Keep the physical environment fit to work in. …show more content…

Tailor the "culture of giving" to the needs of key talented employees. Build a culture that values spontaneous acts of caring about organizations objectives. Build social connections and harmony among employees and senior executives. Encourage fun in the workplace to reduce stress.
Chapter 10: Reason 7: Loss of Trust and Confidence in their Senior Leaders To Inspire Trust and Confidence in Senior Leaders: Inspire confidence in a clear vision, a achievable, realistic plan. Back up words with actions. Demonstrate trust and confidence in your workforce. Special challenge is facing managers to create a culture of trust and integrity that strengthen the bonds of employee engagement and reducing turnover. While this challenge is shared by all executives and every employee, it is mandatory on senior leaders to set the tone and the example. Companies with high trust levels outperform companies with low trust levels by high percentage. If the bonds of trust are weak, even the best efforts of gifted managers will not be enough to attract, engage and keep the people needed for the business to achieve its …show more content…

Upper senior managers do not truly hear the voices and opinions of the staff. Greed and self-interest by top management. Lack of concern and appreciation. Lack of trust and respect. Poor horizontal and vertical communications. Planning to Become an Employer of Choice It seems that most companies' leaders still appreciated the need to focus on talent acquisition and retention as a key imperative. As study reveals a great number of managers support the conclusion that the greatest drivers of employee engagement and retention are intangible - mostly related to the way a manager treats employees. In fact in reviewing the list of Engagement Practices, most of them are intangible and within the power of the manager to implement. In the end, it doesn't matter whether they are tangible or intangible. The matter is whether they are the right practices for your current situation.
Talent Engagement Strategies in

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