October 10, 2007
May not be reprinted without the consent of Sue Miller
Contact: Sue@suemillerpresentations.com
WORKPLACE WISDOM NEWSLETTER
TREMORS IN THE WORKPLACE
Workplace
DISENGAGEMENT costs $300 billion annually.
Low
employee ENGAGEMENT scores lead to poor business results.
Engagement is a new buzzword for being fully
committed to and interested in what is going
on around you. It comes from the word that we
traditionally know as “engaged” – that we are
“committed to something or someone”.
When employees are not engaged, they are not truly interested in
their work or the company
results. They are just "bodies in chairs" – with little care,
and certainly NO PASSION,
for whether the company reaches its goals or not.
WHAT
do disengaged employees do?
Employees who are not fully engaged in their work find it quite
appropriate to chase down other
jobs, surf the internet for pleasure, or abuse company time in
other non-productive ways. It's
okay. It's no big deal.
Is
it a "big deal"?
The costs are staggering in loss of production - like, $300
billion! In my workshops, I remind
participants of an agreement we all made with an employer: “When
you signed an agreement
to work for the company (or client), you BOTH agreed to the following
terms: YOU would
bring 100% of your talent to the job and THE COMPANY (or Client)
would pay you 100% of
your money in exchange.”
WHEN
would an employee be disengaged?
Here’s something to think about: In the
agreement, the company HAS TO KEEP its side of
the bargain (if they didn’t pay you, you would freak out!).
However, ONLY YOU know if
you are KEEPING YOUR SIDE of the bargain. You might be bringing
only 50%, 75% or 90%
of your talent - maybe you're not even close to
delivering 100% of your talent. The
company doesn’t know. Only YOU know.
I
encourage you to make every effort to be 100% engaged.
It’s
the ethical thing to do.
WHY
are the statistics of DISENGAGEMENT in the workplace so
staggering?
Talented employees are misplaced: We put the right talent in the wrong job.
Managers are given no interviewing skills training.
Managers are mismanaging individuals; only 32% of
managers receive management
skills training.
October 10, 2007
May not be reprinted without the consent of Sue Miller
Contact: Sue@suemillerpresentations.com
Managers are lacking in communication skills and interpersonal
skills. They need
training!
Talented employees aren’t being allowed meaningful
time to balance family life.
Talented employees don’t feel significant to the organization.
Talented employees see no way to grow their careers.
The are poor conditions and quality of life at the company.
WHAT IS MORE COSTLY than disengagement?
TURNOVER
What does it cost to lose one good employee? More than you think!
We
know that replacement costs for one employee will run between
30%-150%
of the annual salary for BOTH hourly and salaried workers.
It is difficult to explain these lost dollars to shareholders.
So, quite often, companies simply don’t make the attempt to explain!
Who is proud of it? No one! We just call it “production costs” or
“labor costs”.
Somewhere,
hidden in facts and figures....
we
see OPPORTUNITIES FOR IMPROVEMENT.
We fail to retain quality workers. Nationwide
we have a turnover rate of 12%.
We fail to train managers how to interview. 72% of
managers say they're
never trained to interview.
We fail to hire the right people for the right job. 86% of
managers say they hire
people they like rather than what the job requires.
We fail to train supervisors and managers. Managers
MUST have people skills,
communication and leadership skills.
More than $56 billion is spent by U.S. companies on training
programs and services – and
36% of that will be on leadership development in 2007. (executive,
managerial, and
supervisory).
WHERE
is the problem originating?
The
workplace will lose 77 million people in the next few years.
The
replacement troops? They only number 44 million.
A shortage of workplace talent is a critical issue creeping into
our economy. As 77 million babyboomers
retire in the next few years, the shortage of mid-level and senior
managers, along with
executive leadership, will rock the core of the entire American
workplace.
Baby-boomers, currently holding senior workplace positions, will
take with them: key contacts,
savvy ways of doing business, experience and client history, and
product knowledge. There is no
way the next generation of leadership can fill ALL OF THE 77
MILLION empty chairs.
The
biggest problem that companies face today is an acute leadership
shortage.
I’m not talking about titles.
October 10, 2007
May not be reprinted without the consent of Sue Miller
Contact: Sue@suemillerpresentations.com
I’m talking about people-oriented, considerate, influential
leaders who are
able to get people to follow them because the workers have a
DESIRE to do
so!
We’re short of these folks. We need them to create an engaged
workforce.
So,
in essence, the summary of this message is:
1. Let's
put the right people in the right jobs so they'll be productive.
2. Let's
develop managers who can keep employees engaged. (Train
them!)
3. Let's
develop leaders who are ethical and can lead people. (Find and
train them!)