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Ten Top Tips from Savvy CEOs

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Last Tuesday, the PricewaterhouseCoopers  Master of Business Series hosted a panel discussion on ‘How can I harness the passion of my people to fuel my business growth?’  This is a topic of interest to all managers, so I’ve provided a summary below.

The panel members were:  Steve McCarthy (CEO, Adshel), Tracey Mitchell (MD, Mitchell Personnel Solutions), Paul Jury (National GM Recruitment, Talent2) and Kirsty Rankin (Joint CEO, Pinpoint).  The discussion was facilitated by Russel Howcroft, CEO Australia and NZ, Y&R (and ‘Gruen Transfer’ panelist).

A number of themes arose in the discussion regarding the expectations of today’s employees, including:  flexibility, community involvement and charity, training and development, a reputable employer, leadership aligned with their values.

Here are my top ten tips from the panel:

  1. Keep your promises, including clarity about what the role entails. 
  2. Know what kind of culture you want.  We don’t tolerate laziness, bullying or politics. 
  3. It’s possible to provide benefits that cost very little, such as flexible hours, but give great returns in loyalty and productivity.
  4. You can’t keep giving ‘trinkets and groovy stuff’ to motivate staff.  What they want is authentic leadership.
  5. Nobody wants to work on their birthday, so give them the day off.  Also, let staff take ‘odd job days’ from their sick leave instead of pretending to be sick and taking ‘sickies’.
  6. We found our problems managing ‘Gen Y’ ended when we stopped calling them ‘Gen Y’ and started treating them as individuals. 
  7. Paid maternity leave, followed by flexible work has been worth 100 times the cost because we were able to keep a valuable employee. 
  8. Interviewing is unreliable in selecting the right people because you will get those who look right but are wrong and those who look wrong but are right for the role.  More information results in better decisions.
  9. For innovation and improved processes, ask your staff “What are ten things you are doing that are time-wasting?”.  Then listen, acknowledge and implement!
  10. We want to be a ‘dickhead-free-zone’ because ‘dickheads are why people leave’. 

What tips would you give other managers in response to the question: ‘How can I harness the passion of my people to fuel my business growth?’  Please share your ideas below.

By the way, Steve McCarthy has agreed to be interviewed for a series we are planning for 2011.  I’m sure you’ll enjoy hearing his many insights on leadership.

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