| BUSINESS LEADERSHIP TIPS |
- 5 tips for rewarding outstanding performance
Ongoing reward programs that recognize a job well done, not an annual gift to everyone, are more successful in motivating a work force to meet goals and be productive, experts say. Globoforce has developed these five tips for building an employee-engagement program: Kick off a year-round initiative, make rewards meaningful, include everyone in recognizing above-average performance, link rewards to meeting organizational goals and foster continuous communication. Manage Smarter (12/4) 
- Advice: Don't let staff get petty over cultural differences
Wondering how to handle an employee whose religious beliefs mean he or she doesn't participate in Christmas, Easter, Valentine's Day or birthday activities at work? The problem isn't the worker, says workplace coach Marie G. McIntyre, who advises a complaining manager to focus on how well the employee does his or her job, not these superficial differences. Feeling uneasy about a change in the office culture might be understandable, she acknowledges, but the staff needs leadership and guidance to become more accepting and mature. Pittsburgh Post-Gazette (12/8)
- Leading through uncertainty
The range of possible futures confronting business is great. Companies that nurture flexibility, awareness and resiliency are more likely to survive the crisis, and even to prosper. The McKinsey Quarterly (free registration for SmartBrief readers) (12/2008)
Source: US Chamber of Commerce |
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BUSINESS TERM OF THE WEEK |
FEDERAL RESERVE SYSTEM:
US central-banking system comprising of 12 regional central banks (called the Federal Reserve Banks) owned by private banks. Governed by seven-member (each appointed by the US president for 14 years) board of governors, the Fed regulates interest rates and availability of bank credit and sets other monetary policies such as legal reserve requirements for banks. Both its chairman (who is its de facto CEO) and vice-chairman are appointed by the US president for a renewable four-year term. The Fed publishes 'Federal Reserve bulletin,' an authoritative source of data on banking, economy, and money.
Source: BusinessDictionary.com |
