Tag Archives: Public

How Do You Maintain a Healthy Work-Life Balance? Six Solutions

Situation: A CEO says that he typically works long hours and frequently works weekends. This taxes his family life and he is neglecting activities that were previously enjoyed. Are you living for work or working for a living? How do you maintain a healthy work-life balance?

Advice from the CEOs:

  • Life is more than work. Just the fact of you’re asking this question indicates that you already know that too much focus on work is not good for you.
  • Develop and devote time to your hobbies. The CEO and engineers in one company developed a company robotics club, and participate in robotic competitions. This has a number of benefits. It provides fun away from work while keeping their creative engineering skills sharp. As they compete, they meet and form relationships with potential business partners and customers. It builds camaraderie and cohesiveness within the team. They have the opportunity to involve their kids in this activity. In addition, they translate this into a public service by assisting local schools who have their own robotics clubs.
  • Regular exercise, particularly with a group, helps you to be more effective at work. This is supported by substantial objective research.
  • Involve other people – friends and family – in your hobby or exercise activity. It will help to both strengthen relationships and resist distractions.
  • To assure that this becomes part of your life, put it on the calendar and don’t let other priorities displace it.
  • Learn to say “no” to things that would displace this activity.

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What are Effective Performance Incentives? Four Examples

Situation: The CEO of a company is considering options for both team and individual recognition. What have other companies found to be effective? What are effective performance incentives?

Advice from the CEOs:

  • One company has foremen compete on project quality, cost containment, and other measures. Bonuses are based on a mix of team performance, project difficulty and individual initiative.
  • Another company uses year-end bonuses, but places more emphasis on frequent small recognitions such as a pedicure, manicure, and going out for a meal on the company. These are rewards and recognition that let the employees know that they are appreciated on a regular basis. Any incentives paid are based on a mix of individual and team performance.
  • A third company completely eliminated bonuses. Salaries were raised to make up the difference, and individual incentives are created and paid during the year. Incentives reward specific accomplishments which are highlighted when the incentive is paid. Incentives are a mix of team and individual performance.
  • A fourth company is very generous with bonuses – $5K to $10K at a time at the discretion of the CEO. These are paid face to face by the CEO and the individual is congratulated on their performance. However, the bonus recipient also signs a paper pledging not to talk about the bonus. If they tell others about their bonus, they are eliminated from the bonus pool. This company also uses publicly announced annual awards, performance-based monthly awards, shirts, etc. that are presented at company meetings. Interestingly, the smaller rewards and public recognition appear to have the most impact.

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How Do You Manage Long-Term Members of the Team? Three Strategies

Situation: A company has a team that built their critical systems some time ago. The CEO is upgrading skills and adding new team members to update these systems to current technology. The challenge is that the original team members don’t see the need to update the company’s systems.  How does the CEO help them to see the benefit of upgrades? How do you manage long-term members of the team?

Advice from the CEOs:

  • Given the company’s values of loyalty between company and employees, it’s not possible to just shoot these people. Given them the opportunity to remain valuable to the company. Be patient
  • If there is friction between the employees who have been with the company for a long time and the newcomers, make them work things out. Don’t try to fix it.
    • Be public about company and team objectives, expectations and timelines. Explain where and why the company is going and the potential benefit to them and to the company.
    • It will be messy at first. There is risk. However, these are mature individuals and the new people come in with a great deal of experience, so this may mitigate the risk.
    • As necessary, work one-on-one with individuals. Make it clear what is and is not acceptable behavior; for example, sniping at each other and spreading discontent.
    • Where obvious conflict occurs, have the individuals involved go talk it out over a beer. Let them know that they are expected to be able to handle and resolve their differences.
    • Don’t let individuals become destructive. If necessary, put individual long-termers in roles that are not obstructive to new initiatives.
  • Some long-termers may leave on their own and solve the problem. It will become obvious who they are.

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