Need to drive up productivity? | Issue #209
Seven ways to stop ‘productivity paranoia’ causing stagnation in your business growth
Heard the phrase ‘productivity paranoia’? It’s been in the news this week. Microsoft released the results of a major new workplace survey of 20,000 people in 11 companies worldwide. Their conclusion? 87% of workers think they’re being productive in their work. Yet only 12% of their managers agree. This significant mismatch between employees and employers is most evident when teams work from home.
A lack of clarity around expectations is at the core of this productivity mismatch between team members and employers. And it’s corrosive. If this happens in your business, it will kill any hope you have of growing. Decent people will leave as poor performers surround them, and your culture will be dragged down. So what can you do to avoid it?
How to Think Differently About Compensation with Verne Harnish
How do you think about compensation in your organisation? In this episode of The Melting Pot, Verne Harnish, a world-leading expert, speaker, author, and entrepreneur in the field of business growth, shares his recent research into how different organisations tackle compensation.
Verne discusses his latest book, Scaling Up Compensation, a short read at just over 100 pages where he explores over 100 case studies to help you move top and bottom lines by hundreds of percent, just by tweaking your existing comp plan.
This is a fabulous conversation. Download and listen now.
Host and serial entrepreneur, Dave Will, leads in-depth interviews, whose featured guests include: Gazelles founder and CEO, Verne Harnish; popular podcast host and founder of Genius Network, Joe Polish; award-winning entrepreneur, Zahra Al-Harazi; and more. Tune into this top podcast made by entrepreneurs, for entrepreneurs.
Some shifts are obvious, such as dramatic changes in where employees work. However, most culture change is subtle, slow and difficult to define. For example, culture change might manifest as: differences in onboarding experiences and how new hires form relationships; shifts in team structures and workflows due to external pressures, such as supply chain concerns; new communication norms aimed at keeping hybrid employees connected. Culture drift may seem inconsequential. But when your culture shifts, so do the messages you convey to employees and job candidates about what matters most to your organization.
Research has shown that employees with close connections at work are more productive, creative, and collaborative. They’re also more satisfied with their job, less susceptible to burnout, and less likely to leave. Managers can create the conditions for work friendships to flourish through three simple actions.
The executive was stumped. After two years of hybrid work, management had called workers back to the office. Three weeks later, office-occupancy numbers were still low, with some staffers simply working from home, and others doing everything in their power to dodge or truncate their in-office days. Was it time to lay down the law?
Every company wants to grow, and the most proven way is through innovation. The conventional wisdom is that only disruptive, nimble startups can innovate; once a business gets bigger and more complex corporate arteriosclerosis sets in. Gary Pisano’s remarkable research conducted over three decades, and his extraordinary on-the ground experience with big companies and fast-growing ones that have moved beyond the start-up stage, provides new thinking about how the scale of bigger companies can be leveraged for advantage in innovation.
News From The Farm
Are you struggling to steer your business through these challenging times? We’re offering 6 seats at our next in-person Scale Up Workshop. And one of them is for you.
Join Dominic at his farm in the New Forest for an intensive half-day of learning and strategising to help you spin uncertainty into success.
Join Dominic on Tuesday, 15th November in the New Forest (UK).
In this webinar statistician, happiness expert and Friday Pulse founder, Nic Marks will unpick some of the causal pathways that lead from positive emotions to success and how you and your team can become positively productive.
He will also offer tips on how you can kickstart positive productivity in your team.
3 days to work deeply “on” the business, and address questions that will break open your creative side – in addition to Verne’s one-on-one sessions – is the power of the event. The CEOs and their #2s who participated in last Vail CEO Boot Camp unanimously said that it was ‘the most impactful executive education they’ve experienced’.
Limited offer for 10 CEOs and their #2’s.
28th-31st March, 2023, Lucknam Park Hotel & Spa, near Bath (UK).
Quote of the week
“Efficiency, which is doing things right, is irrelevant until you work on the right things.”Peter F. Drucker
Dominic offers business coaching and management development, strategy planning and organisational change, using tried and tested methods to launch your organisation onto an unparalleled growth trajectory. His programme is a function of his broad experience, his deep expertise and a proven process used by over 2,700 firms worldwide.