LSA Global Insights Newsletter: July 2016

July 29, 2016

7 Immediate Management Actions to Create Alignment

A sketch of 4 rowers in a crew shell

Your employees may have their oars in the water, but do they know in what direction the boat is headed? And if so, do they understand how their oars can best move the team toward its goal?   

Successful managers know that Alignment is critical. And our annual employee engagement research backs them up. Based upon surveying over 500,000 employees each year as part of the Best Places to Work Contest, we know that three "Alignment with Goals" questions matter most for managerial effectiveness. In terms of goal alignment, the most effective managers have employees that rate the following three questions higher than their lower performing peers: 

  • "I know how I fit into the company's future plans."
  • "I understand the company's plans for future success." 
  • "I understand how my job helps the organization achieve success."  

As you can imagine, getting consistently high scores on these questions is not always easy. But it is worth it. Employees, who rate these questions higher, perform better in terms of four key managerial effectiveness metrics:  

  1. Employee Relations Risk.Bad managers exacerbate employee relations problems.  Effective managers decrease issues, claims and lawsuits. This is not a trivial matter. The number of claims by employees against employers increased by 2000% from 1969 to 1994 and by 70% between 1992 and 2003. Additionally, the average employee lawsuit costs $250,000 and, when taken to litigation, the majority of cases are ruled in the plaintiff's favor.

  2. Profitability. Bad managers negatively impact financial health. Companies with higher performing managers realize a 48% increase in profitability.

  3. Employee Engagement and Retention.Bad managers negatively impact employee engagement and retention. Companies with higher performing managers realize a 30% increase in employee engagement scores and a 19% decrease in turnover.

  4. Customer Engagement. Bad customer-facing managers negatively impact customer engagement. Companies with higher performing managers realize a 17% increase in customer engagement scores.  

So let's look at concrete actions your managers can take to improve alignment with goals by ensuring that their direct reports know how they fit into the company's future plans, understand the company's plans for future success, and how their job helps the organization achieve success.  

Read about The 7 Immediate Management Actions to Take to Create Better Alignment

About LSA Global
Founded in 1995, LSA Global is a leading performance consulting and training firm that helps high growth technology, services, and life-science companies create a competitive advantage by powerfully aligning their culture and talent with their strategy. Learn more about getting aligned


Benchmark Your Management Practices to See Where You Stand

A graphic of a magnifying glass held over data

Are your managers driving performance in a way that makes sense in both the short- and long-term?  Are they creating a high performance work environment for their teams?  Do they have what it takes to succeed? 

According to a recent Harvard Business Review Study, the most enduringly successful companies, those delivering a 10-fold return to investors over a ten year period, excel at specific management practices. While that is great news, managers at our clients tell us that they are over-worked and under-prepared to set themselves and their teams up for success.  They are eager, but frustrated and hungry for help. They want more and feel as though they do not have the time or support to be as successful as they want and need to be.

Because managers are often the leverage point where "stuff gets done," we believe an organization's ability to create, execute, and sustain a competitive advantage depends greatly on the quality and depth of their management capabilities at all levels. Yet, the majority of leaders report alarming competency gaps in their management teams - especially for new and mid-level managers. 

According to executives, managers must be able to positively navigate seven key management challenges:

  1. Transitioning from individual contributor to manager
  2. Creating consistent management and performance management practices
  3. Increasing employee performance and career development
  4. Reducing employee relations issues
  5. Ensuring legal compliance 
  6. Attracting and retaining high potentials 
  7. Responding to changing business needs
Managers across all industries are being asked to do more with less, faster.  It is no wonder why many feel overwhelmed and underappreciated; they lack the resources, time or skills to do it right.  

In return for about 9 minutes of your time, you will receive a complimentary Management Best Practices Health Check to benchmark whether or not your managers have the best practice skills, knowledge, and tools to drive performance, engagement, retention, and profits. 

It quickly assesses 14 management best practices based upon twenty years of research. 

Benchmark Your Management Practices in 9 Minutes Now

About LSA Global
Founded in 1995, LSA Global is a leading performance consulting and training firm that helps high growth technology, services, and life-science companies create a competitive advantage by powerfully aligning their culture and talent with their strategy. Learn more about getting aligned