As a largely people-based industry, the Pharmaceutical industry has gone through, and continues to go through, significant reinvention. This makes for dynamic talent and skills management challenges such as: Maximum impact of M&A Accelerated education and adoption for new products Consistent best practice marketing and sales behaviors Accelerated onboarding in high-turnover positions Capitalizing on institutional
Employees in approximately one-third of all companies are eligible for bonuses of some kind. Bonuses are given to employees to serve the following purposes: to create incentives to reduce costs; to pay people for doing a good job; and to encourage employees to think like shareholders. Bonuses reflect employees’ level of responsibility in the organization,
Bad Habits That Can Destroy Your Workplace Productivity Why Your Employees are Are Fighting Are your employees bickering constantly? Is it affecting productivity? It’s worth your while to get to the root of the problem and figure out what’s causing all the angst. Fighting amongst co-workers in close quarters is inevitable. After all, you can’t
Survey Finds More Employees Unhappy & Looking for New Jobs Constantly Will Your Workers Jump Ship? “I’m so sick of this job. I swear, this year I’m outta here!” You may not think so, but it’s more probable than not that your employees are at that point. Forget the fact that the decision to actively
“Hands-Off” Managers Hurt Employee Retention Is “Hands-Off” a Good Idea? It has taken forever to fill that open position on your team, and now you want to get through the next few weeks with as little effort as possible. Just follow this handy guide to make the new hire experience easy for you, the “hands-off”
Employee Retention Myths and Tips EMPLOYER MYTH #1: Employees are browsing but not actively looking around for new jobs FACT: Over 60% of employees are actively looking to leave their employer within the next three months. Additionally, the intensity of employees’ job search is grossly underestimated by many employers. Many employers understand that their employees
Why Failure to Motivate Your Employees Will Drive Them to Leave What We’ve Seen Small businesses frequently fall into the trap of treating compensation programs as “something to worry about when we get bigger.” The fact is, small organizations need to attract, retain and motivate employees, and compensation is a critical piece of total rewards.
The Cooperation Axis Humanity has primarily been driven in its interactions along one of two dimensions: cooperation and competition. There’s an interesting book by Robert Wright, called Non Zero, which addresses the aspect of cooperation on two levels: that of the individual and that of society. He argues that since humans gain from cooperation, they
Addressing the Impact of Salary Size on Employee Engagement What is Reality? Does the size of an employee’s salary drive his or her belief in the fairness of pay? That’s a question Mark Szypko explored in the KWC session “Perception is Reality: The Importance of Pay Fairness to Employees and Organizations.” The context in which
Reason No. 1: Your Leadership Doesn’t Care “Why Do I Hate My Job?” Whenever people attend a cocktail party, invariably someone in the room will have an occupation that others will solicit for some (free) advice. Medical doctors are asked “Does this mole look cancerous to you?” Car mechanics are queried whether the “chunka-chunka” sound
Turning Supervisors Into Coaches: A Three-Step Process Look for Talent or Hire from Within? Who is the best match for your next opening? Should you look outside or hire from within? The jury is still out. Forbes recommends hiring outside for better performance. What if, however, you sided with business leaders like Jim Collins and
Performance Review Myths & Tips: Your Employees Don’t Always “Get It” It’s Performance Review Season. Is Your Process Working? Insight from Employees on Performance Reviews and Seven Tips for Everyone to Get More from the Process EMPLOYER MYTH #1: Your employees “Get It.” FACT: Many employees don’t understand how the performance review impacts their compensation.
A Little Recognition Can Go a Long Way Towards Satisfied Employees 10 Easy Ways to Reward Employees Some bosses feel a paycheck is the only reward an employee needs. But employees want to feel that their hard work is appreciated, whether they are paid minimum wage or a six-figure salary. Rewards like gift cards and
Employees with Big Egos Can Also Be Big Headaches If Left Unchecked Big Potential, Big Problems The “big personality” at work can be extremely beneficial to business in the right circumstances, but he/she can also present challenges to an employer and to colleagues. These tips offer advice for key ways to deal with a work
Being Facebook Friends with Your Employees is a Recipe for Disaster It’s Not Worth the Risk More than 550 million people use Facebook each day, and your coworkers are probably part of that statistic. It can be tempting to connect with everyone from Aunt Gertrude to the guy in accounting, but use caution when adding
Solid Teamwork Stems from Proper Management It’s All About the Team Teamwork provides a foundation for business success. Teams, when managed properly, maximize each individual’s strong points while minimizing weaknesses. Of course, creating productive teams isn’t as easy as it sounds. Strong working relationships need five basic ingredients for success: Communication, Collaboration, Culture, Creativity and
Some “Tricks” Can Be a Hiring Treat There are literally thousands of job interview books available in bookstores right now, all designed to help people nail that interview and get the job of their dreams. Within all those pages, helpful authors take people through the tried and true questions to master in order to succeed, from
Identify Bad Employees Before They Become a Major Problem Find Them Before They Spoil the Bunch As a business owner and/or manager, you work hard and spend a considerable amount of time and money on hiring the right people. Prior experience, references and whether or not the person will fit into your company’s culture are
Now and In the Future Does your organization distinguish between management training and leadership development? In Western economies, more so than emerging markets, the lines between the two have become blurred. As Joanna Kozubska, in her book, The Seven Keys of Charisma (1997), says: “There are times when a leader needs good, systematic management skills
