A head of a company in the Colorado area granted an interview to a friend's son, a graduate business student, getting ready and preparing his thesis statement. The young man asked questions about marketing, budgeting, and the most beneficial market procedures. The discussion and questions also including corporate and business hurdles and challenges, protecting assets and the problems and practices in increasing sales. The CEO admitted that managing a firm's long-term reserves had always been at the heart of his energy and determining stakeholders was important. Weighing choices in every aspect was his solution to the question about best decision-making practice. The 60 minute interview was almost over when the graduate asked his last question about what was the biggest liability and what was the greatest asset in the company. After bumbling through a list of financial jargon, the CEO stopped unexpectedly and thought carefully before saying that all of that was secondary because the employees could be the greatest asset or they could be the greatest liability. The men and women working for you can make or break the company. Simple as that. The CEO then took our friend's son out to lunch and they continued to dialogue. The conversation included examples from the CEO's experience when he worked at a restaurant through college and when he managed various establishments. He had many examples of how good workers actually made the company money and the managers and owners did not always know it or recognize it. At the same moment, a rude or incompetent or an employee with a bad attitude could ruin not only the sale at the time, but later. They talked about the television show Undercover Bosses where CEOs pretend to be new employees on the ground level for a week to actually get some in field experience and insight. The CEO admitted that he had thought of doing that. The two of them throughout lunch talked about different episodes and came to the summation that employees do make or break a company. And usually what they want most even more than money or raises is to be treated respectfully and to have their efforts acknowledged. They want a thank you of some kind whether it be just a sincere thanks, a gift card, money, a promotion of a gift. The graduate revealed that his mom who had been an administrative assistant had just quit her job the week before saying she had just had enough. Her boss not only did not see what she had done but did not seem to care about rewarding anyone. When she suggested he give gift cards he said that was fine but she would have to give them and write the note and he put her on a small budget. After a year she suggested they give time off to employees but he refused saying. She noticed morale was extremely low and he did agree and she was to come up with something. She told him to come into the next morning meeting, which employees hated, with food. He told her to get some cheap donuts from the grocery store. She started just standing up to him and said no, he needed to spend some bucks and get quality pastries or food and quality coffee boxes from the Panera Bread down the street. He delegated her to do it and to be sure it was there on time. It did the trick and employees liked it. She needed a different idea for the mid afternoon meetings. So when she saw the huge basket delivered next door with all kinds of treats for employees she was impressed and contacted the basket company, Baskets by Rita. For the same money they put together a huge basket with goodies to put in the break room for everyone to enjoy. It was large and they delivered it to her that day. The boss walked in with the Stress Relief Gift Basket and there were cheers from the once tired employees. The student made an appointment the next day with his adviser to change his thesis topic to center on the importance of gratitude and acknowledgment for employees contending that they are the most valuable long term investment.
Thursday, November 1, 2012
Getting the Most from your Employees
Wednesday, September 26, 2012
Building good relationships with you employees
Today's article features suggestions garnered from a few companies about how to boost morale and not lose excellent employees. Striving to keep the workplace positive should be of major concern to CEOs and bosses. Losing money and time is a huge concern. If workers are content and like to come to work production grows. If they feel that they are part of the team and that they are appreciated they become engaged to the company. Factory produced thank yous and anticipated pats on the back even raises and the exact same bonuses or gifts or treats lose their impact after awhile. In fact employees begin to bank on predictable gratitudes and gifts and treats. If you provide donuts every Friday it becomes the norm and just a normal part of the work schedule. If you give a gift card for every 10 sales it becomes expected and if you miss one you will get resentment instead of thanks for the gift cards you have given. Remember the movie with Chevy Chase in the Christmas movie where he banks on the yearly bonus from work and when it is not given one year the boss becomes the bad guy in everyone's eyes. In the movie and in real life people just expect the bonus, money gift, turkey, whatever is the norm every year. Often they order products or spend the money before it even comes in. For that reason firms need to be very careful not to do the same thing week after week or month after month or year after year. Food treats should not be the common because they become anticipated and actually become rather lackluster. Some would say that money is always the best way to go because everyone can spend it however they want. True, but it also can get repetitive. If you toss out a dollar at the weekly meeting one week for something, the next week you bring in a gourmet coffee cart. If you give a grocery card for Christmas one year you need to deliver a gourmet gift basket the next year. If you provide lunch a day one month you need to do something diverse the next month. Most executives feel that this type of creativity is not a part of their jobs and it is not crucial. Morale boosters are very essential. corporate appreciation gifts are the best way to say thanks for a job well done and to encourage hard work in the future. Most of the time companies use administrative assistants to find ideas and put together the thank you. For women flowers and spa packages and gift cards work. For men beer tubs, hardware/home improvement gift cards are great. Restaurant gift certificates are good too. You just have to get ingenious. Corporate Gifts or Company gifts can be difficult when you are including a lot of people in one office--it could be a gesture of encouragement or a thank you gift to a whole office or company. You either have food delivered or if you are worried about food spoilage send a huge corporate gift basket with various items. My company has put the burden on me, the administrative assistant, to come up with two new ideas each month to spend only $300 on the 20 employees. They said I need to find gifts of thank you gifts to include everyone. I am looking for new tips for next month but this month we have seen a huge difference in positive attitude around the office after my two appreciation gifts were done. The first was for each employee to find one dollar bills in various places during a week. This last week to thank them for their efforts, we had a huge Wine and Cheese Gift Basket arrive to overpower the snack table. After hearing workers talking about the Aurora movie theatre shooting victims, we chose an Aurora gift basket company, Baskets by Rita and we were not disappointed. So remember to thank your employees and show appreciation for a job well done and to encourage hard work.