You might find it difficult to believe, but the annual employee survey is almost a hundred years old! In the 1920s, big industrial companies began the practice of asking employees, once a year, about their job satisfaction to search for ways to improve productivity. One time a year was how frequent employee surveys were sent.
[This post was originally published in Forbes on 9 Jun 2017]
We’re all familiar with Spider-Man’s famous catchphrase: “With great power comes great responsibility.” However, his words no longer apply exclusively to the man who does whatever a spider can.
The 360 feedback performance evaluation mechanism has the potential to help you overcome your hidden weaknesses and put your business on the fast track.
If you’re a business romantic like me, you’ve probably read books on corporate culture like Delivering Happiness, Anything You Want, and Onward with rosy eyes and a longing spirit. We’ve all heard plenty about how Zappos, Google, and Southwest are dreams to work for because of their stellar company cultures.
Do you know that actively disengaged employees cost the U.S. between US$450 billion to US$550 billion each year in lost productivity? According to a Gallup report, they are more likely to steal from their companies, negatively influence their coworkers, miss workdays, and drive customers away. It all comes down to the lack of employee engagement.
For many companies, it’s that time of the year again.
Last updated: 14 December 2016
This post was first published in Forbes on 16 Oct 2016.