What do Chief Financial Officers – those charged with managing the money – say is most lacking in employee management? For more than 1,400 CFOs from US companies who were asked just that in a recent survey by Accountemps, the answer is simple – communicate more and say “thanks.”
Most common employee management mistakes according to CFOs:
- Lack of communications (41%)
- Lack of praise and recognition (28%)
Ryan Sutton, senior vice president for the New England district for professional staffing and consulting services company Robert Half, had this to say about the Accountemps survey results:
“It’s pretty much the same across the board at all companies. Something you hear is that management is so focused on the tasks at hand and finishing their projects and meeting their deadlines that sometimes they just don’t find the time for acknowledging the support of their subordinates.”
That’s where a formal strategic recognition program can play a powerful role in creating a culture of recognition and appreciation in which management is strongly encouraged (if not required) to acknowledge and praise the good efforts and behaviors of their team members – especially when those efforts reflect the core values of the organization.
In fact, putting such a recognition program in place guarantees stronger communications and recognition results, as recently reported in a recent Globoforce/SHRM survey:
I’ll be leading interactive workshops to help participants build their own winning cultures of recognition. Join me in Dallas, Boston or King of Prussia, PA, to you create your custom one-page strategy for a culture of recognition in your company.
- Dallas, Texas – May 10, 2012 – Hilton Dallas Lincoln Center
- King of Prussia, Penn. – June 12, 2012 – Radisson Hotel Valley Forge
- Greater Boston, Mass. – June 14, 2012 – Westin Waltham
All sessions start with breakfast at 7:30, then kicking off the workshop at 8:00. We’ll end at noon with a box lunch. Readers of my blog also get a 50% discount on the registration price. Just be sure to use code: RECOGNIZETHIS when registering.