By Laime Vaitkus, originally posted on Bloomberg BNA on February 13, 2017.
Archives for March 2017
By Simon Caulkin, originally published in Financial Times on January 24, 2016.
One of the paradoxes of business is that the most profitable companies are not those that are most profit-focused.
In a survey titled “The Business Case for Purpose”, a team from Harvard Business Review Analytics and professional services firm EY’s Beacon institute declares “a new leading edge: those companies able to harness the power of purpose to drive performance and profitability enjoy a distinct competitive advantage”. This is a reprise of the findings of Jim Collins and Jerry Porras, who in 1994’s Built to Last found that between 1926 and 1990 a group of “visionary” companies – those guided by a purpose beyond making money – returned six times more to shareholders than explicitly profit-driven rivals.
By Kristen B. Frasch, originally published at Human Resource Executive Online on March 1, 2017.
The latest chapter in the ongoing book on employees and what they really want from their employer finds them pursuing a slightly different Holy Grail than previously reported: challenge.
In a recent global Korn Ferry survey of nearly 2,000 professionals, nearly three-quarters (73 percent) say that if they were to plan on being in the job market this year, it would be because they’re looking for a more challenging position while the quest for greater compensation comes in almost dead last as a reason to leave.
Trailing far behind that 73 percent, 9 percent say they would be looking elsewhere because they either don’t like their company or their efforts aren’t being recognized, 5 percent would blame the fact that their compensation is too low and 4 percent say it would be because they don’t like their boss.
“What that answer tells HR is if people are thinking of moving for challenge, how do we challenge them?” says Kevin Cashman, senior partner at Los Angeles-based Korn Ferry.