I was in Berlin last week, chairing day one of a HR conference on employee engagement. The quality of presentations were truly exceptional, with a wide variety of insights as HR peers shared …
In my experience of talking with more than 25000 CEOs and Senior Executives over the last 10 years through our workshops, seminars, and presentations on hiring and retention - most companies in the sub-$100 million level don't get retention.
I'd have to say it's probably less than 1% of all companies in this category. A few do it very well and most stink at it. Why is there such a poor adoption of employee recognition and engagement programs?
1. Even though the research overwhelmingly supports things like employee recognition, most CEOs put it at the bottom of their list of HR/Culture initiatives.
2. There is an arrogance coming off this last job market recession that our employees should feel lucky to have a job with us - why worry about things like recognizing them.
3. Most CEOs and Senior Executives are very task oriented and focusing on the people oriented side of their business - things like having empathy for their employees regarding their need for recogition is foreign to them.
4. Managers and Executives are not compensated or measured on their ability to drive employee satisfaction, retention, or engagement. If I don't get compensated on it, I'm not going to spend time on it.
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