WHICH ARE THE BIGGEST MISTAKES CEOS MAKE GLOBALLY IN RUNNING THE WORKFORCE?
Even as a CEO, it is still important to emphasise the value in developing personal relationships with at least the other higher level executives responsible for running a successful workforce. A key finding from our `Employee Engagement’study found that 54 per cent of employees are engaged when they believe their manager cares about their personal life, versus 17 per cent who do not believe their manager cares about their personal life.>> In order to inspire employees to work hard and remain fully engaged at work, the leader of the organisation needs to establish and maintain a positive reputation in the workplace.While it can be difficult for CEOs of large organisations to communicate positively and openly with each individual, it should be expressed to managers who can then relay the message to lower level employees.>> When CEOs don’t make enough time for themselves outside of the office, they risk sabotaging not only their own career, but also the company as a whole.Vacation time has been also cited to increase productivity and creativity, leading to an overall healthier workplace, and this begins with the CEO.
WHERE DO ORGANISATIONS GO WRONG SOMETIMES IN PICKING A CEO
Often, organisations pick a CEO based on hisher experience alone while ignoring soft skills, or vice versa. No matter the industry, both experience and strong emotional intelligence are important when picking any employee, and especially the CEO. Leadership is a skill that needs to be developed over time, and strong soft skills such as strategic thinking, problem-solving, and the ability to clearly communicate one’s ideas, often come with that experience.Organisations should therefore focus on picking a well-rounded CEO, rather than focusing on hiring for one type of skill.
WHY DO SO MANY LEADERS FAIL IN EXECUTION
Having a great leader is essential to the overall success of the company, and there are mistakes that CEOs make that can lead to failure. In most cases, upon first stepping into a role as a CEO, it’s important not to make too many changes in too short a time period. Employees will need time to adjust to their new leader, and in order to ensure a smooth transition, major changes should be made carefully if possible. Additionally, it is important for CEOs to employ active listening skills and an open-door policy throughout their career as a leader. In order to run a successful business, employees need to feel comfortable and confident in their leader.
Source: The Times of India (Mumbai)
Date: 29th October 2014