We are back with another Two For Tuesday with advice for the old and the young:
-This Atlanta Business Chronicle article talks about a Watson Wyatt survey which says that older workers are worrying even more about retirement. This makes sense with 401(k)s low in value, pensions being cut or greatly diminished, and other investments (stock portfolio, home value, etc.) very low in value. Sadly, many can't retire at this point due to this.
-Next from the Charlotte Observer, advice to students and Human Resources that summer is a great time for students to make their mark. I loved all my internships and they were a great way for me to get some really good experience. But I understood it is what you make of it and did my best to make it the most valuable summer it could be.
Showing posts with label Watson Wyatt. Show all posts
Showing posts with label Watson Wyatt. Show all posts
Tuesday, June 09, 2009
Thursday, April 03, 2008
What I’m Hearing – Tolerating Poor Performance
If you follow basketball, you know that the New York Knicks have not been doing too well the past few years. Between numerous losses and the Anucha Browne-Sanders sexual harassment case, it’s been rough for the team and the fans.
Yesterday, the Knicks’ owners announced that Donnie Walsh will take over Isiah Thomas’ role as President of basketball operations for the team. Word on the street says that Mr. Walsh will also become Head Coach, ending Isiah Thomas’ tenure.
Undoubtedly in our own organizations we have an “Isiah Thomas,” someone whose attitude or poor performance drags down the department or the organization as a whole. Should we allow these individuals to stay on in their roles long after it has become obvious that the employment relationship isn’t working to everyone’s advantage?
Watson Wyatt has conducted research showing that top performing organizations terminate employees who perform unacceptably. Certainly, losing an employee can put additional strain on the remaining group. However, in many cases the team works more effectively after removing negativity and ineffective relationships. Why then do we tolerate poor performance?
Let’s hope the Knicks fare better next season, and that we use their experiences to better our own organizations.
Yesterday, the Knicks’ owners announced that Donnie Walsh will take over Isiah Thomas’ role as President of basketball operations for the team. Word on the street says that Mr. Walsh will also become Head Coach, ending Isiah Thomas’ tenure.
Undoubtedly in our own organizations we have an “Isiah Thomas,” someone whose attitude or poor performance drags down the department or the organization as a whole. Should we allow these individuals to stay on in their roles long after it has become obvious that the employment relationship isn’t working to everyone’s advantage?
Watson Wyatt has conducted research showing that top performing organizations terminate employees who perform unacceptably. Certainly, losing an employee can put additional strain on the remaining group. However, in many cases the team works more effectively after removing negativity and ineffective relationships. Why then do we tolerate poor performance?
Let’s hope the Knicks fare better next season, and that we use their experiences to better our own organizations.
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