Contrary to the now infamous line from the movie “Jerry Maguire”, when the athlete shouts “show me the money” at his agent, cash is not always king. While compensation is one form of recognition, companies can significantly improve their employee engagement and commitment using other techniques.
What is empowerment and how does it work? It is not ‘participative management’ as many people and organisations believe. It is much more than just that.
The three most common complaints I hear from executives and senior managers are - (1) Personnel are not committed to corporate goals; (2) Personnel don’t adhere to the vision statement; and (3) Personnel turnover is high, expensive and detrimental. *
Most people know what takes up their time at work - but they are not often sure it is what the boss wants or the business needs.
All managers, at some stage, wonder how they can motivate their staff. And if they are honest with themselves are left, at times, wondering how they are going to recapture their own enthusiasm for their work.
Lessons for business from sport.
Within small and medium sized businesses there is sometimes a belief that some of the human resource management (HRM) techniques are only for the 'big companies'. In practice, it could be argued that getting the best from your people is more important the smaller you are – each person becomes a larger percentage of your workforce.
If your employees are passionate, then your business profits will soar!
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