Posts Tagged ‘workplace teams’

A Strong Partnership Between HR Leaders and CFOs Improves Business Performance

Thursday, June 5th, 2014

6861256042_0b37739bcd_zCompanies that have a strong relationship between their CFOs and chief human resources officers (CHROs) are linked to superior business performance. Professional services organization EY found these results from its global survey, Partnering for performance, which shared information from 550 CFOs and CHROs.

The findings of the survey show that companies that have become more collaborative over the past three years report financial growth and stronger improvement in a number of HR metrics, such as employee engagement and productivity.

From EY’s research, four key factors were identified as reasons that have driven HR leaders and CFOs closer over those three years:

  • Finding good talent is hard and labor costs are increasing.
  • The importance of HR is rising in corporate hierarchy.
  • Companies are constantly developing new products and services to adapt to the rapidly changing business environment.
  • In an effort to achieve greater success and efficiency, more organizations are transforming their business models.

“…Typically, CFOs have tended to view human capital primarily as a cost, while CHROs have viewed it primarily as an asset that requires investment,” Dina Pyron, Global Human Capital Leader at EY says. “To really maximize employee engagement and improve workforce productivity…the CFO and CHRO need to find ways to increase collaboration effectively and efficiently.”

Having highly-efficient teams that can interact with each other to achieve business goals and eliminate inefficiency is a desire of all employers. Here are some blog posts that offer tips in creating better collaboration and teamwork among the different groups at your organization:

 

6 Inexpensive Ways to Celebrate the Success of Your Workplace Teams

Tuesday, May 1st, 2012

In many parts of the world, people welcome the first day of May with lively carnivals and family-friendly festivities to celebrate the springtime holiday known as May Day. While many people celebrate the warm-weather event, employers should take some time to consider how they celebrate success created by their company teams.

Recognizing the individual contributions an employee makes is a critical factor in determining whether he plans to stay with your organization for the long run.  Just as individual recognition is important, acknowledging great efforts made by collective teams and departments is also important. Team members spend significant periods of time collaborating with each other, and their willingness to be productive and achieve success on a team should be celebrated.

Commending your teams for a job well done doesn’t have to be expensive. Here are six low-cost ideas to celebrate deserving teams at your company:

1.       Write handwritten notes to all team members

Taking the time to write your employees a handwritten note is a unique way to show them your appreciation for their efforts. Employees can also easily display or share the positive feedback found in their notes.

2.       Make a company newsletter announcement

If you’re proud of a particular workplace team, share your feelings in your company newsletter or on your company intranet. The honored team will enjoy the public recognition that you give them. Others who aren’t on the team will have the opportunity to learn what made the honored team successful.

3.       Celebrate with senior management

Inform senior management of the great work your direct reports are completing. Let the executive team know the exact details of the project you assigned and how your employees produced great results. Having your team present the execution and results of their project to management is a great way to show members of leadership that you’re proud of your team, and they should be, too

4.       Give them flexibility

Allow members of deserving teams flexibility in their schedules after they wrap up a successful project. They can use the flexibility you grant them in a number of ways. Maybe they’ll take a longer lunch or leave early on Friday to go to the beach with friends. Either way, they’ll be thankful.

5.       Throw an appreciation party

Whether it’s a pizza party or an ice cream social, plan a bash to show your teammates that you’re grateful for their hard work. This get-together can be solely for your outstanding team members, or you can host the whole staff so they know what they should be working towards.

6.       Plan a company picnic

If your staff continually achieves strong, positive results for your company, show your gratitude by organizing a company picnic. Let employees invite their families so they can enjoy the excitement and celebration as well. You should plan games, prizes, and a speech or mention of your appreciation for their contributions.

For additional ideas to celebrate the success of the teams within your organization, please contact a member of CAI’s Advice and Counsel Team at 919-878-9222 or 336-668-7746.

Photo Source: Jason Pratt