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This Study of 400,000 People Reveals the 1 Reason Employees Work Harder (and It’s Not Pay or Benefits or Culture Decks)

Posted on January 12th, 2018 by The Learning Factor

Forget slogans and posters. Forget mission statements. Forget culture decks. A survey of over 400,000 people across the U.S. found that when employees believe promotions are managed effectively, they are more than two times as likely to give extra effort at work — and to plan for having a long-term future with their company.

 

But wait, there’s more: When employees believe promotions are managed effectively, they are more than five times as likely to believe their leaders act with integrity.

 

The result? At those companies, employee turnover rates are half that of other companies in the same industry. Productivity, innovation, and growth metrics outperform the competition. For public companies, stock returns are almost three times the market average.

Sourced through Scoop.it from: www.inc.com

The good news is, every company — and every leader — can instantly adopt this one practice

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