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The Economic Case for Employee Engagement

Having employees that are engaged in and satisfied with their jobs can give a business a powerful competitive edge. In this article, Wayne Lynn looks at the positive impacts that engaged employees can have on a print business’ bottom line.

Thursday, March 12, 2020

In a previous article, I remarked on a recent survey by the Gallup organization that found that 85% of the world’s employees were disengaged from their jobs. I also talked about the discretionary energy gap that is probably the largest single opportunity for corporate performance improvement available to managers in today’s environment. You have to tap into that energy gap to increase engagement.

I recently bought the book that followed that survey written by Jim Clifton, CEO of Gallup, and Jim Harter, Chief Scientist for Gallup. The book is called It’s the Manager and it’s a worthwhile read. I don’t agree with everything they say but, hey, they’re both well-respected and have been around a long time. There were several surprises for me including that, as an American, the 85% disengagement rate the survey quotes is a little misleading. As I dug deeper into the book, I found that the actual disengagement rate for American employees is 66%. While that may feel a little better, it’s still very unacceptable and remains an enormous opportunity.

Over the last 20 years the pressure on CEOs to deliver growing shareholder returns has been increasing. In some industries, print being one of them, the pressure can be crushing. As we all know, there has always been only one formula for achieving this: grow revenues and/or grow margins so that profits and cash flow increase even faster when revenues grow. In shrinking markets, this often looks impossible. Organic customer growth in a shrinking market requires radically new thinking and approaches. So far, scanning the business landscape, we’re not seeing a lot of that.


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About Wayne Lynn

Wayne Lynn is an advocate of the adage that "you can't manage what you can't measure".  Combining his considerable strengths in leadership, economics, and strategy with broad experience in both public and private companies, he brings focus and discipline to the task of creating and sustaining success in today's chaotic environment.

Wayne has managed businesses ranging in size from $5 million to $500million in annual sales.  He has guided those organizations through a number of diverse market sectors including magazines, catalogs, inserts, direct mail, and general commercial printing.

A student as well as a practitioner of the fine art of business, Wayne's latest focus is on helping business leaders make their companies more viable economically, more relevant in the market place, more adaptive to constant change, and more durable in the long haul.  It's about people, what they know, and how well they execute on what they know.

Wayne can be reached at 704-516-7787 or at [email protected].

Recent Articles from Wayne Lynn

The Biggest Constraint of All

The Biggest Constraint of All

Outside of competent people, the biggest constraint on the long-term success of your business is the lifetime value of the commercial relationships contained in your customer base. In the article, Wayne Lynn explores how to drive growth when the only constraint you have left is found in the sales department. Read More

Six Keys to Better Leadership Performance

Six Keys to Better Leadership Performance

Wayne Lynn looks at The Six Leadership Actions, which derive from a philosophy that the key to improvement in a business usually comes from the efforts of leadership to drive fear out of the organization, as fear inhibits open, honest, and willing feedback about what the real problems are that are holding a company back from success. Read More

Give Your People Good Leadership

Give Your People Good Leadership

If you want a thriving culture where people are engaged and productive, give them leaders who fit the role. Wayne Lynn describes what good leadership looks like. Read More

Two Keys to Better Employee Performance

Two Keys to Better Employee Performance

Even if automation and AI transform your business into a much lower headcount situation, the employees you are left with will need a couple of key things: good leaders and the assurance their higher-level needs can be met working for your company. Read on to find out why. Read More

Insights into Unlocking Employee Motivation

Insights into Unlocking Employee Motivation

Revisiting a previous theme, Wayne Lynn adds new thinking and perspective to the challenge of getting the most out of our people. This article starts a short series on smart leadership focused on unlocking the discretionary energy employees could, if motivated to do so, invest in making your company better, more productive, and more profitable. Read More

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