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Articles by Hugh Bachmann
The powerful role financial incentives can play in a transformation
In our experience supporting hundreds of transformation efforts, generous and specific financial incentives are one of the most effective tools available for executives to motivate employees. In fact, companies that implemented financial incentives tied directly to transformation outcomes achieved almost a fivefold increase in total shareholder returns (TSR) compared with companies without similar programs.
The powerful role financial incentives can play in a transformation
Generous and specific financial incentives can help drive and sustain a rapid performance improvement. Seven principles can assist in delivering the maximum benefit during a transformation. In our experience supporting hundreds of transformation efforts, generous and specific financial incentives are one of the most effective tools available for executives to motivate employees.
Banking on the ‘soft stuff’
It’s a tough time to be running a regional or midsize bank. On the one hand, they’re competing against large global banks that continue to build market share and woo away customers. On the other, they are facing the increasing popularity of fintech companies that let consumers bypass banks altogether.
Banking on the ‘soft stuff’
The lessons of transforming performance at one midsize US bank came down to shifting mindsets and behaviors. It’s a tough time to be running a regional or midsize bank. On the one hand, they’re competing against large global banks that continue to build market share and woo away customers. On the other, they are facing the increasing popularity of fintech companies that let consumers bypass banks altogether.
Como a capacitação pode impulsionar a transformação
Um programa bem elaborado para promover habilidades e comportamentos produtivos pode não só estimular a força de trabalho de uma organização, como também se tornar um elemento essencial para qualquer transformação bem-sucedida. Imagine o seguinte: uma empresa internacional de manufatura com milhares de trabalhadores é separada de sua controladora.
How capability building can power transformation
A well-designed program to promote productive behavior and skills can not only energize an organization’s workforce but also become an essential element of any successful transformation. Picture this: an international manufacturing corporation with thousands of workers is spun off from its parent. In less than a year, its stock price drops more than 80 percent, morale plummets, and measures of the organization’s health drop into the bottom quartile of its sector.
Better transformations through capability building
Picture this: an international manufacturing corporation with thousands of workers is spun off from its parent. In less than a year, its stock price drops more than 80 percent, morale plummets, and measures of the organization’s health drop into the bottom quartile of its sector. Something has gone very, very wrong. 00:00 Audio Listen to this article Fast-forward four years, and the company’s stock price has increased sixfold.
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