Every year on November 11, we honor those who have made sacrifices to serve our country in the military. Americans know this day as Veterans Day, and we honor those who have served and are still with us. In Canada it’s called Remembrance Day, and we honor those who have sacrificed their lives for their country. (more…)
It’s estimated that disengaged workers cost the Canadian business economy over $350 billion annually in lost productivity. According to the Management Journal’s semi-annual Employee Engagement Index, approximately 60 percent of employees are not engaged, 15 percent are actively disengaged at work and only 25 percent are actively engaged. Why are these statistics important to businesses and economic growth? To remain competitive and grow as a business, organizations must stay focused on winning the talent war by hiring talented people and proactively working to keep them. Turnover costs are high — and not just in terms of replacement expense. It can also cost your company in productivity, and it’s demoralizing to other team members when they see good people leaving the organization. (more…)
The issue of gender balance touches nearly every corner of our lives – there is a collective demand for balance in politics, business and in our personal lives. But in the case of companies, gender balance should not only be addressed for the sake of equality, but also for the sake of performance.
The rapidly expanding global economy has prompted the growth of work teams comprised of individuals from diverse backgrounds with different values, experiences, perspectives, knowledge, and skills. Greater diversity in the workforce can positively impact organizational outcomes, including performance. Understanding the advantages of workforce diversity helps you establish an organization with a competitive edge. But companies can only fully leverage the power of their diverse employees by creating comprehensive, thoughtful and fully integrated diversity and inclusion initiatives that encourage engagement and align with the ultimate goals of the business. Creating an environment where inclusion is the expectation and people feel welcome, safe and able to contribute fully will result in heightened innovation, increased productivity and greater organizational effectiveness.
Last week I had the privilege of attending the fifth annual Clinton Global Initiative (CGI) America meeting. The event brought together nearly 1,000 leaders from business, philanthropy, and government to develop solutions for economic growth, long-term competitiveness, and social mobility in the United States.