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Leadership News
15Five
1w
310
Image Credit: 15Five
Compensation Planning Based On Performance
- Compensation planning is how you figure out the best way to compensate employees for their work.
- When compensation has such a massive impact on retention, hiring, and engagement, getting it right becomes essential.
- Any change in compensation has to be communicated organization-wide as clearly as possible.
- Many organizations tie performance into their compensation plan in one way or another.
- While performance-based compensation is often limited to roles like sales and marketing, it isn’t always the case.
- Implemented correctly, performance-based compensation can create a fairer pay structure and help to undo historical inequities.
- HR leads efforts to build, adjust, or completely revamp an organization’s compensation strategy.
- Performance goals and metrics should be tracked to make the compensation plan as objective as possible.
- Compensation planning software can guide teams through the decision-making process.
- Employee feedback should be gathered through surveys to gauge the effectiveness of the compensation plan.
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Leadershipnow
1w
51
How to Harness Your Top Performers Without Compromising the Whole Team
- Business leaders need to focus on engaging and developing their best performers to ensure continuous success in their organization.
- As an individual’s performance increases, the pressure on that individual also increases to balance their ambition with team dynamics.
- A leader needs to continue to reward and encourage high performers while defusing any frustration and resentment felt by team members.
- The balancing act can be tackled by regular expression of appreciation to high performers, high expectations of their team behavior, and fair treatment to all team members.
- Giving equal opportunities to all team members to contribute ideas and remain fully included is important.
- Creating a high-performance culture, mutual respect, appreciation, and support can help achieve success for both high performers and team members.
- Leaders need to focus on rewarding high performers while also defusing frustration and resentment within the team.
- A balanced approach that fosters leadership excellence, drives team effectiveness, and creates organizational health can help achieve win-win for everyone.
- It is common for leaders to face challenges in harnessing exceptional potential of star performers while simultaneously cultivating a healthy team culture.
- It is important for business leaders to keep raising the bar and aiming high for continuous improvement and success.
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Hrdive
1w
80
Image Credit: Hrdive
Appeals court rejects Nasdaq effort to boost director diversity
- The 5th Circuit U.S. Court of Appeals has rejected Nasdaq's director diversity disclosure initiative.
- The initiative would have encouraged boards to have at least one woman and one non-White director.
- Nasdaq's diversity regulation for listed companies was approved by the Securities and Exchange Commission.
- The court ruled in favor of the complaint brought against the SEC by two legal groups.
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Hrdive
1w
161
Image Credit: Hrdive
Business leaders express greater optimism about economy after US election
- Executive business leaders reported major shifts in positive sentiment about the economy and their companies’ prospects after the presidential election.
- Hiring plans have increased, with 20% of leaders planning to hire in the near future.
- 67% of surveyed executives expressed optimism about the economy’s prospects in the next 12 months, marking the highest measure since early 2020.
- Inflation, employee and benefits costs, skilled personnel availability, and staff turnover remain top concerns for executives.
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Hrdive
1w
59
Image Credit: Hrdive
The 2025 quitting wave is coming. How can employers retain their best talent?
- Glassdoor report says employees are frustrated and ready to leave, with nearly two-thirds feeling 'stuck' in current roles without opportunities for growth or advancement.
- Personal and data-driven HR interventions may prove crucial in retaining employees in the face of career dissatisfaction.
- Eli Lilly implemented an “employee journey” initiative and saw the number of women of color at the company grow by 6% between 2016 and 2019.
- MasterCard uses artificial intelligence to match workers to projects that align with their interests and ambitions.
- Segmentation can aid job satisfaction by aligning individual goals with overall business objectives, reducing employee turnover and improving performance.
- Data can aid in identifying at-risk groups and providing targeted opportunities for growth, mentorship or specialized learning programs.
- However, companies must use data responsibly to prevent discrimination and mistrust and foster a culture of trust.
- Transparency is essential in communicating how data is collected, used and safeguarded.
- Investing in well-being, personalized management and data-driven HR strategies that prioritize employee satisfaction may help retain valuable talent.
- Businesses that put employee satisfaction first will not only survive competition, but also thrive in the future.
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TalentCulture
1w
247
Image Credit: TalentCulture
Addressing Pain Points In The Business Travel Experience
- The SAP Concur Global Business Travel Survey aims to uncover the pressing challenges faced by business travelers, including travel disruptions and tighter budgets.
- Business travel bookings are on the rise, with Q1 of 2024 being the strongest quarter so far, driven in part by employees' enjoyment and belief in its importance for career advancement.
- Factors such as seniority, age, status as a parent, and physical appearance can influence perceptions of equal opportunity in business travel, with women more likely to perceive certain attributes as challenging.
- To learn more about the insights on business travel, listen to the full podcast episode and follow the #WorkTrends hashtag on social media.
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Silicon
1w
21
Image Credit: Silicon
Intel Interim CEOs Hints At Selling Foundry Business,
- Intel's interim CEOs, Michelle Johnston Holthaus and David Zinsner, have admitted that the company may be forced to sell its Foundry business if a new chip-making technology does not succeed.
- The spin-off of Intel Foundry was put in doubt after the Biden administration awarded $7.86 billion in federal funding to advance Intel's manufacturing and semiconductor packaging projects.
- The government subsidies would restrict Intel's ability to sell stakes in its chip-making unit if it became an independent entity.
- The decision to separate Intel's manufacturing and product-design operations will be made by the chipmaker's next CEO.
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Hrexecutive
1w
323
Disability inclusion at work: Why isn’t more progress happening?
- A recent survey by Deloitte Global reveals workplaces need to do more to create inclusive and accessible workplaces for disabled employees.
- The Disability Inclusion@Work survey found persistent issues with workplace accessibility, varying levels of comfort with disclosing disability status and hesitancy in asking for workplace accommodations.
- Deloitte Global reported that much still remains to be done by companies, despite being more aware of the importance of disability inclusion.
- Factors contributing to the access gap between disabled and non-disabled employees include accessibility issues, diversity in self-identification and the inaccessibility of accommodations.
- The survey found that nearly half of respondents who work from home say their homes are more accessible than their employers’ premises.
- Nine in 10 respondents have chosen to disclose their condition at work to at least one person or through HRIS or self-identification programmes.
- However, many choose not to share their disability, neurodivergence or chronic health condition with all their colleagues.
- Meanwhile, many disabled employees resist working from home due to concerns about missing out or colleagues thinking less of them.
- Sustainable progress on disability inclusion at work requires organisations to make it a visible leadership priority and training managers and leaders on its importance.
- Workplaces must also embed accessibility into the career lifecycle, recognise the importance of providing workplace accommodations when needed and develop any accommodations application process that is clear and stigma-free.
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Letsgrowleaders
1w
396
Image Credit: Letsgrowleaders
One Common Leadership Communication Mistake to Avoid for Better Conflict Resolution
- Leaders often use the phrase "let's agree to disagree" in workplace conflicts, but it can be a harmful communication pitfall.
- The phrase prevents resolution, dismisses perspectives, and hinders creativity, empathy, and understanding within teams.
- Instead of using "agree to disagree," leaders should focus on productive conflict by establishing connection, clarity, curiosity, and commitment.
- Using phrases like "I care about this team and our success" and "What would a successful outcome do for you?" can promote collaboration and reduce tension.
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Letsgrowleaders
1w
106
Image Credit: Letsgrowleaders
How to Notice and Appreciate an Overworked Employee
- Recognize and appreciate the efforts of an overworked employee.
- Start with specific, personal acknowledgment to let them know their efforts are noticed and valued.
- Spread the word about their contributions to key stakeholders.
- Advocate for financial reward and consider giving back time to help them recharge.
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Gethppy
1w
204
Image Credit: Gethppy
Redefining Success: The Role of Digital Tools in Modern Business Relationships
- Digital tools have changed how business relationships are defined and redefined when it comes to workplace success, which is no longer determined by financial metrics alone.
- The COVID-19 pandemic has led to the rise of remote work and hybrid setups, requiring HR professionals to use virtual tools for maintaining employee engagement and connections.
- Platforms like LinkedIn enable HR professionals to attract and retain top talent, promote employee development and foster a sense of community in dispersed teams.
- Tools such as Slack, Zoom and Microsoft Teams revolutionize how teams and HR managers maintain communication, ensure transparency and nurture positive workplace relationships.
- CRM tools such as BambooHR and Workday enable HR teams to track employee information or performance, automate tasks and personalize the employee experience for greater loyalty and engagement.
- Data tools such as Qualtrics and Peakon offer insights into team dynamics, allowing HR professionals to design targeted programs that support employee well-being and foster a positive workplace culture.
- HR professionals must ensure digital tools comply with privacy standards and establish secure onboarding and offboarding processes to build trust, particularly to mitigate risks when onboarding remote workers or global contractors.
- Collaboration tools such as Asana, Trello, and Google Workspace enhance team cohesion and enable HR teams to organize onboarding tasks, track recruitment progress, and collaborate on initiatives.
- By investing in digital tools, HR professionals can redefine what success looks like in the workplace, creating efficient and engaging employee experiences and building stronger, more resilient teams.
- In conclusion, digital tools are essential for HR professionals and business leaders to interact and build trust, creating strong, lasting relationships with clients, partners, and employees.
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Salesfuel
1w
127
Image Credit: Salesfuel
CMOs to Direct Higher Spending on Digital Marketing Projects
- CMOs plan to direct higher spending on digital marketing projects.
- According to the CMO Survey, marketing budgets have reached a new low of 7.7% of the total budget.
- Businesses anticipate a 12.7% growth in digital marketing spending next year.
- CMOs face pressure to make their investment in technology pay off, as 55% admit a gap between expected and actual outcomes.
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Medium
1w
34
Do What Makes You Happy
- Arfa, a teenage girl, realized the potential of technology to change the world.
- At the age of 9, she became the world's youngest Microsoft Certified Professional.
- Despite her success, she remained humble and started her own tech company.
- Tragically, she passed away at the age of 16 due to complications from epilepsy.
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HRKatha
1w
260
Image Credit: HRKatha
Words that matter: Why leadership demands self-restraint in communication as in FIITJEE case
- The recent incident with DK Goel, chairman of FIITJEE, who verbally assaulted an employee during a virtual meeting has drawn widespread criticism and attention.
- This incident highlights the impact of poor communication in leadership and the reputational damage caused by rash actions.
- Leaders' impulsive reactions can tarnish their personal credibility and erode employee trust in their leadership abilities.
- Harsh words can undermine organizational culture and morale while respectful communication fosters collaboration and trust.
- The virtual meeting environment adds an extra layer of complexity to leadership communication and platform structures, such as zoom, can exacerbate tensions.
- Self-restraint is the cornerstone of emotional intelligence, which is a key attribute that effective leaders need to cultivate.
- Leaders must exercise self-restraint and prioritize thoughtful communication to foster a workplace built on trust, respect, and collaboration and safeguard long-term success.
- Leaders' poor communication can impact employees, including team dynamics, productivity, and employee retention.
- Creating a pause between stimulus and response, reflecting on words' impact, responding calmly to difficult discussions, and using positive language can be useful in cultivating emotional intelligence.
- In conclusion, effective leaders must understand the power of words and communicate thoughtfully to create a respectful and productive workplace culture.
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Gritdaily
1w
123
Image Credit: Gritdaily
Dr. Laura R. Musacchio’s Notable Career in Landscape Architecture and Higher Education
- Dr. Laura R. Musacchio is an Institute on the Environment Fellow at the University of Minnesota.
- She is passionate about landscape architecture and green infrastructure design.
- Dr. Musacchio has published a book and is working on a new one.
- She is dedicated to inspiring the next generation of students in landscape architecture.
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