Companies & Industries

Boosting Employee Productivity


How companies can deploy managers to fight waning employee productivity

The magnitude of the economic downturn for mid-sized organizations has been significant. Profits are down, workforces are shrinking, and employee engagement levels are tanking. According to new research by the Corporate Executive Board (CEB), there has been a substantial decline in employee engagement, resulting in as much as a 5% reduction in employee productivity.

In a survey of more than 140 organizations, the HR Leadership Council, a CEB program for HR professionals at mid-sized organizations, found that mid-sized companies are undertaking typical cost-cutting measures. However, while most organizations might concur that lay-offs, hiring freezes, and reduction in compensation are the right ways to manage costs in a down economy, they may also be underutilizing the very thing that can successfully combat the waning productivity and disengagement that typically accompanies the state of "survivor syndrome" among remaining employees: the actions and influence of managers.

Maximize Manager Impact While in Cost-Cutting Mode:

#1: Communicate compensation changes through managers, not HR

#2: Task managers with spearheading low-cost reward and recognition programs

#3: Don't hold on to dead wood—trade up on talent

#4: Fight declining productivity with performance management compliance

Provided by Corporate Executive Board —What the Best Companies Do™

We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus