{"id":1,"date":"2019-05-06T08:00:01","date_gmt":"2019-05-06T08:00:01","guid":{"rendered":"http:\/\/blog.ims-online.com\/?p=1"},"modified":"2019-05-08T16:59:09","modified_gmt":"2019-05-08T16:59:09","slug":"how-to-invest-in-people","status":"publish","type":"post","link":"https:\/\/blog.ims-online.com\/index.php\/2019\/05\/06\/how-to-invest-in-people\/","title":{"rendered":"HOW TO INVEST IN PEOPLE"},"content":{"rendered":"\n<p>The notion that companies need to invest in their people has\nbeen around for many years, but it\u2019s only recently we\u2019ve begun to realize we\u2019ve\nbeen investing improperly.&nbsp; In fact, we often unintentionally do\nharm.&nbsp; What? <\/p>\n\n\n\n<p>Consider these common examples that were designed to help\nbut have evolved into expensive and time-consuming affairs that are no longer\njustified in their current form.<\/p>\n\n\n\n<p><strong>Employee evaluation systems<\/strong>.&nbsp; They are ostensibly created to keep employees informed about their performance, to offer needed feedback, and to develop longer-term career paths.&nbsp; In practice, they are often a nightmare, loathed by nearly every participant.&nbsp; Most should be radically streamlined.<\/p>\n\n\n\n<p><strong>Gamification.<\/strong>&nbsp; Possibly the most popular engagement-related trend in years, this is a clever approach to helping employee\u2019s win \u201cstuff.\u201d&nbsp; Stuff (e.g., points to use for coffee mugs, t-shirts, and gift certificates) really doesn\u2019t motivate.&nbsp; It does, however, create people focused on \u201cstuff\u201d instead of work.<\/p>\n\n\n\n<p><strong>Bloated human resource policy books.<\/strong>&nbsp; Human Resources is the home for people who care about employees, right?&nbsp; One wonders.&nbsp; The modern digitized policy book has become a bastion of arcane rules that does nothing but add problematic bloat.&nbsp; Well, at least we all know the maximum height for plants on our desks.<\/p>\n\n\n\n<p>These practices take tons of our precious limited\ntime.&nbsp; They suck up massive amounts of resources.&nbsp; They have a net\nneutral, or net negative, effect on motivation.&nbsp; That means morale takes a\nhit, indirectly impacting retention and productivity.&nbsp; <\/p>\n\n\n\n<p>Let\u2019s think about a better way.&nbsp; For most of us, there\nare a few givens these days.&nbsp; Aside from a mission that matters,\nenvironmental stewardship, and ethical leadership, there are a few categories\nof employee investments that make people believe in the organization.&nbsp;\nThese are investments that attract talent and spur innovation by helping\nemployees in ways that truly matter.&nbsp; <\/p>\n\n\n\n<p>Think about these modern examples:<\/p>\n\n\n\n<p><strong>Culture based hiring.<\/strong>&nbsp; Hiring has long been lopsided, focused mostly on skills and IQ.&nbsp; Understandable, but not sufficient.&nbsp; Remember, chemistry trumps talent.&nbsp; So, you need people who fit, not just people who are smart.&nbsp; That means hiring practices that leverage employee groups beyond the hiring managers, emotional intelligence testing, applied task interviewing, and honest realistic job previews.<\/p>\n\n\n\n<p><strong>Facilitated breaks.&nbsp;<\/strong> The most productive people and teams don\u2019t work 100% of the time.&nbsp; For peak performance, the brain needs a few breaks.&nbsp; Step one \u2013 encourage people to take a few small (5-10 minute) breaks during their work day.&nbsp; Step two \u2013 give them options the might enjoy during downtime (e.g., foosball, basketball, walking trails, meditation space, a nap room).&nbsp; <\/p>\n\n\n\n<p><strong>Employee interest groups.<\/strong>&nbsp; People often find it comforting and informative to gather with similar others to discuss careers and life at work.&nbsp; Groups based on age, gender, ethnicity, and other categories are now quite common.&nbsp; In support of diversity and inclusion, these opportunities for networking within subgroups of employees is a highly valued activity.<\/p>\n\n\n\n<p><strong>Real vacation time.&nbsp;<\/strong> Regardless of how many days of vacation you actually have, the more interesting question is how many do you use?&nbsp; In the US, for example, about half of workers have unused vacation time each year (and we don\u2019t have that many to begin with).&nbsp; The least we can do is honestly help them use what they have.&nbsp; Managers should be evaluated based on the percentage of vacation time used.&nbsp; How about a rule that requires mandatory vacation time?<\/p>\n\n\n\n<p><strong>Community involvement.&nbsp;<\/strong> Offices reside in very real communities.&nbsp; That means they have an impact in terms of traffic, pollution, noise, and so on.&nbsp; Thus, giving back matters.&nbsp; This might take many forms.&nbsp; Donations and philanthropy are an obvious choice, but real involvement in the form of service projects and participation in charity work are also very popular.&nbsp; <\/p>\n\n\n\n<p><strong>Friends and family days.<\/strong>&nbsp; It seems that work often feels immensely separated from the rest of life, but it doesn\u2019t have to be that way.&nbsp; Bringing some elements of non-work life into the workplace can make work feel far more hospitable.&nbsp; That\u2019s why companies have bring your children to work day, bring your parents to work day, and, increasingly, are trying to make work pet-friendly.&nbsp; <\/p>\n\n\n\n<p><strong>Concierge services.<\/strong>&nbsp; Life doesn\u2019t stop just because you\u2019re at work.&nbsp; Many times, people really need a helping hand getting things done in life to accommodate the time they need to spend at work.&nbsp; In response to this need, more and more companies are trying to help by providing onsite healthcare, dry cleaning services, and even car washes.&nbsp; <\/p>\n\n\n\n<p>I can hear what you\u2019re thinking.&nbsp; Those things are\nexpensive!&nbsp; True, but you likely have all of the money you need to embrace\nthese practices.&nbsp; You\u2019re simply spending it on a bloated evaluation\nsystem, excessive gamification, meetings dedicated to improving arcane HR policies,\nand other practices that build bloat instead of productivity.&nbsp; <\/p>\n\n\n\n<p>If you want to attract and retain a truly great team, pay\nattention.&nbsp; Your labor force is shifting rapidly, and the new kids want\nmore than just a paycheck.&nbsp; They want purpose.&nbsp; It\u2019s time to let a few\npractices and policies go so that you can invest in practices that directly\nserve what matters most \u2013 your people.&nbsp; <\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you want to attract and retain a truly great team, pay attention. <span class=\"more-link\"><a href=\"https:\/\/blog.ims-online.com\/index.php\/2019\/05\/06\/how-to-invest-in-people\/\">Continue Reading<\/a><\/span><\/p>\n","protected":false},"author":3,"featured_media":16,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4,5,6,7,8],"tags":[9,10,11,12,13],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HOW TO INVEST IN PEOPLE<\/title>\n<meta name=\"description\" content=\"If you want to attract and retain a truly great team, pay attention.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.ims-online.com\/index.php\/2019\/05\/06\/how-to-invest-in-people\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HOW TO INVEST IN PEOPLE\" \/>\n<meta property=\"og:description\" content=\"If you want to attract and 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