Benefit From a Fraction of Your Employees

You only benefit from a fraction of your employees’ potential value.

Your greatest, most expensive and ironically, most under-utilized resource are your employees. This is why Transformance is passionate about realizing the value of human capital in organizations. Employee costs may be as high as 60% of your expenditure as a business; doesn’t it make sense to obtain value from that investment? Unfortunately, many businesses only receive a small fraction of benefit. In many companies, only a handful of key leaders, managers and influencers are given a voice. The rest of their workforce has a limited opportunity to make a difference. 

Transformancein

Employee underutilization usually increases the closer you are to the frontlines of a company. Frontline employees are often perceived to be less important than middle managers. However, they usually have the most value to offer. Their close proximity to the day- to-day action of your business gives them an ideal position to identify your company’s strengths, weaknesses, opportunities and threats.

 The classic example of an underutilized employee is the cleaner. They may be considered the “lowest man on the totem pole,” however they often have the best opportunity to identify waste and inefficiency. They walk the line, cleaning, sweeping and observing. They witness delays when a part is not connected properly upstream. They see the fatigue and frustration on workers’ faces as the day progresses. They remove hundreds of pounds of unnecessary waste and damaged product that could have been saved or reworked. I once went into a Mercedes showroom which was immaculate and ended up having to use the washroom – it was literally filthy and completely at odds with the Mercedes brand and philosophy. Just because it was out of sight, it doesn’t mean that it should be out of mind. An engaged cleaner would have resolved this.

So imagine the improvement in overall quality, job-satisfaction and cost-saving if you knew what “your cleaner” knows. Now, multiply the value of all the unreported, ideas, knowledge and insights of every employee in your company. The untapped value is enormous.

Transformanceinc

When you don’t involve and leverage employees contribution the following happens:

·         Employees often do not feel connected to their company’s strategies.

·         Employees do not know what is expected of them.

·         Employees do not know how their performance will be evaluated.

·         Employees feel isolated from the decision making process.

·         Employees feel supervisors can arbitrarily prevent or slow their promotion.

Your objective should be to replace an “us versus them” culture with a culture that creates generations of leaders. When possible, you should adopt a policy of hiring new employees at the bottom and promoting existing employees to the top. You should replace subjective annual reviews with ongoing mentorship that assesses an employee’s performance in a completely fair, open and democratic way.

At Transformance we love the concepts of coaching and mentoring, and all successful companies have these two great pillars in place.

Learn More....