Source | LinkedIn | Brigette Hyacinth | Author: The Future of Leadership: Rise of Automation, Robotics and Artificial Intelligence ? Keynote Speaker ?
Employees are a company’s greatest asset. Yet many companies treat their employees poorly. Sadly, our system has fallen into a self-reinforcing command loop construct as follows: Increase shareholder value at all costs without regard for the human factor.
The greatest investment you can make is in people. Employees are the backbone of any organization. According to research conducted by Gallup, disengaged employees cost companies $450-to-$550 billion in lost productivity each year as a result of poor performance and high absenteeism. Investment in people improves the performance of the organization. Additionally, developing people is one of the most effective motivator for retaining them. One of the top reasons employees leave a company is the lack of development opportunities. Employees can interpret an employer’s unwillingness to invest in training as a disregard for their professional development.
“Train people well enough so they can leave, treat them well enough so they don’t want to”. – Richard Branson
Research shows, there is an economic link between employee satisfaction and company financial performance. A happy workplace culture does translate into better stock returns. Happy Employees = Happy Customers = Happy Shareholders.