employee retention
Did you know that financial incentives don’t really motivate employees?
As many of you know, I have often written about the limitations of financial incentives designed to motivate employees. In particular, I cite the work of Dan Pink in Drive about how people need a minimum of financial support to be motivated, but then three other factors kick in including purpose, mastery, and autonomy. With…
Read MoreHow to “retrain” your workforce using self-directed learning
I recently read an interesting article in the Wall Street Journal titled, “Amazon to Spend Big to Retrain Employees.” The article focuses on a commitment Amazon has made to spend $700 million to retrain its people – about $1,200 per year per person. The article sites two reasons for this initiative, 1) Amazon needs to…
Read MoreMaking Promotions Work — Fast
Promoting someone is almost always a positive event for an organization. A person’s past accomplishments are recognized and a new opportunity is created for the person and the organization. It’s very exciting and energizing when someone gets a promotion. But newly promoted people often struggle with significant changes to their role and work. Many of…
Read MoreWill investment in learning and development grow in 2018? It should.
As many of you know, investment in learning and development programs has, at best, stagnated since in the recession of 2008 and, at worst, experienced severe cutbacks. As we look ahead at 2018, the question is –- with what seems to be a more robust economy — is funding for investing in people in general…
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