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The research and statistics are in, revealing that employees’ experiences are critical to their engagement levels, productivity, and overall willingness to stay with an organization long term. This makes employees’ experiences critical to the overall success and profitability of an organization.
Company scandals like those Wells Fargo, Volkswagen, and Facebook have experienced cost millions of dollars every year—sometimes billions of dollars. Public company scandals obviously test public and consumer trust, but they also test the resolve and trust of employees.
Workplace conflict costs industries $359 billion annually. To address this costly problem, most organizations simply look to their employees and demand that they get along and act civilly or threaten to reprimand. However, most conflicts should be circumvented or resolved by leaders and managers, not by employees themselves.
Now that virtual reality and augmented reality are getting a lot of attention in the learning and development (L&D) space—and are projected to be worth around $2.8 billion by 2023—you’ve probably started hearing more about scenario-based learning, too.
Organizations are losing around $13.5 million each year (per 1,000 employees) due to ineffective training programs. And many of those training programs are ineffective because they’re never audited or evaluated on a continual basis.
The efficient and effective management and distribution of information, as well as improving morale, engagement, and productivity, are hallmarks of any successful organization. Unfortunately, a lot of time and effort is wasted when parts of the organization are relying on information that is inconsistent or conflicting.
In a previous post, we discussed how organizations sometimes operate using different versions of the same information.
The efficient and effective management and distribution of information, as well as improving morale, engagement, and productivity, are hallmarks of any successful organization. Unfortunately, a lot of time and effort is wasted when parts of the organization are relying on information that is inconsistent or conflicting.
Let’s face it: We’re all on information overload. The amount of content we are consuming on a minute-by-minute basis in the blurred lines between our personal and professional lives has exploded in this digital economy.
Employees will be more proactive if they feel genuinely heard by their bosses and coworkers, as well as if they feel their contributions truly matter to their organizations. In addition, proactive employees will also feel more empowered to make their own decisions and get work done without the fear of being micromanaged or penalized.