Happier Employees Mean Higher Profits — Who Knew?

Presenting the award in the category of Firm Grasp Of The Obvious…

But of course, there is a long history of corporate profits being earned on the backs of exploited employees.  So we play — only a bit.

For in recent years, and thanks largely to the Internet and more narrowly to social business technologies gaining traction in the workplace, we are seeing that “employee well-being, engagement, and overall happiness are inextricably tied to performance and productivity.”

A Finnish study recently found that a 1% increase in worker satisfaction increased their measurable output by 3.6%.

We are seeing similar results in both academic surveys and in our own case studies.  We see this as an exciting advance for workers and companies and those of us in the EdTech sector that are building systems for increasing employee satisfaction by increasing their productivity.

Full Story at World Economic Forum

The Scredible Team

How The Corporate Training Coach Becomes the MVP

Don Tapscott is a talented guy, and so we follow him.  His 1992 bestseller Paradigm Shift followed by The Digital Economy gave us all insights into the Internet to come.

Now with the release of a 20th Anniversary Edition of The Digital Economy, Don is again taking the measure of the digital landscape.  Of his insights, Eric Schmidt of Google has written,

“Don remains one of the most perceptive thinkers about the way technology is transforming business and society. Several of his predictions—from networked intelligence to the demands on leaders to embrace technology — have taken permanent hold.”

Don’s views on Professional Development, or Talent Management as it is called more often these days, are worth reviewing:

“The current approach to talent management—recruit, train, manage, retain, and evaluate—may have worked in the past, but as technology advances and workplaces continue to evolve, this model is quickly becoming outdated. New cultures are emerging, new patterns are being established, and the stuffy hierarchies of the past are being replaced with more nimble, collaborative management systems. In the future, smart companies will look more like jazz ensembles, where hierarchy has been replaced by creativity, collaboration, empowerment, and improvisation. One aspect in particular that has experienced this shift is training. Many companies are abandoning old training models in favor of more complete approaches. Rather than sending employees off to complete separate training or educational activities, companies are trying to establish more comprehensive work and learning environments. One way to do this is by adopting multimedia tools and developing a level of collaboration that encourages employees to interact with each other and learn from one another’s experiences. This collaborative approach also applies to shifting ideas in management styles. Instead of handing down directives, next generation management will strive to work with employees to solve problems horizontally, rather than vertically.”

Read more of Don’s words in his Huffington Post article.

The Scredible Team