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What's New at Transcend?
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It's been 3 months of change at Transcend Management Advisors. Being that change is our business, that's good news! Some highlights from the past few months and looking forward to the next three.
Wilma was asked to join MacKay CEO Forums as its Calgary Chair. CEO Forums provide a confidential environment for CEOs of non-competing companies to share their challenges and experiences as business leaders. These exclusive small groups are built on trust and enable CEOs to address some of the most pressing issues they face. A very successful initial kick-off breakfast with 33 CEOs in attendance was held at the Calgary Petroleum Club on April 11th. A second kick-off breakfast takes place on June 19th, with CEO Forums groups starting on June 19th and 25th.
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| Peer Coaching - What is it? |
Many people have heard of executive coaching, personal coaching, life coaching, and business coaching, but not many have heard about peer coaching in a group setting.
Peer coaching is the process where participants in a group are both the coach and the coachee. Participants take turns sharing their challenges. Then others in the group provide input from a "shared experience" perspective relating how they addressed similar challenges. Key to success of this approach is that participants share their experience and not provide advice or approach it from an "I would do this..." view.
My research on CEOs and Their Trusted Advisors found that CEOs often find themselves isolated in their organization and unsure of whom they can rely on for good advice.
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| Retaining Staff - What's the Secret? |
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One of the most pressing areas of concern for many executives is finding and keeping staff. With the aging workforce, fewer people coming in to take their place, and the demand for people (at least in Western Canada), employers are hard pressed to find the magic formula for finding good people and keeping them engaged and motivated to stay with their company.
At a recent CEO breakfast that I attended and in my discussions with leaders of varying size companies, this issue is relevant, current, and the problem is not going away. So then, how do some companies have people that have been with them for many years and others have significant turnover year after year? What differentiates companies that can hold on to their people, or at least the people they want to hold on to, from the others?
Salaries and wages is one element that is usually thought to be a determining factor. The perception is that companies that pay more are better able to hold on to their people.
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