Source | Lead Change Group : By
Organizations of all sizes and industries are reimagining work cultures in this relationship economy. It’s all about the people. Consequently, servant leadership quickly is becoming the preferred practice for some of the biggest and best companies in the world.
Here are three profound ways great leaders go about valuing their people.
1. Great Leaders Trust And Believe In The People They Lead.
In his book “The Speed of Trust,” Stephen M.R. Covey says that a team with high trust will produce results faster and at lower cost.
Not surprisingly, many companies that made Fortune magazine’s 100 Best Companies to Work For list are characterized by high levels of trust and transparency—especially employees’ belief in the credibility of their leaders. The research behind what makes those companies get on that list is conducted by the folks at Great Place to Work, who report that 92 percent of employees surveyed at these companies believe that management is transparent in its business practices.
The study found that the “Best Companies to Work For” have leaders who, to ensure success, do several things year in, year out that correlate well with leadership trust behaviors:
- They keep the lines of communication open.
- They share their vision for the future with employees.
- They take the pulse of the organization by constantly listening and responding to what they hear so they can serve the needs of their people. Whether it’s sharing quarterly financials or making strategic decisions, they make sure to listen.
- They offer employees ample opportunities for training and development.
2. Great Leaders Show Respect For Their Employees.
Cheryl Bachelder, CEO of Popeyes Louisiana Kitchen, wrote a book called Dare to Serve: How to Drive Superior Results by Serving Others, in which she tells the story of her leadership journey. When she was named CEO in 2007, profit was in the negative, and the company stock price had taken a nose dive from $34 in 2002 to $13. The brand suffered, and franchise owners were running around with their hair on fire.
By 2014, Popeyes did a 180-degree turn. Sales were up 25 percent, and profits were up 40 percent. Market share had grown from 14 percent to 21 percent, and the stock price was over $40. The franchisees were giddy with the turnaround and began reinvesting in the brand, many remodeling their restaurants and building new ones around the world.