I was recently interviewed by Siyamak Khorrami, host of the California Insider show that’s broadcast on EpochTV. We discussed the outrageous manner in which executives abuse employees, disregard free-market capitalistic principles, destroy lives and economic value, and condition people to submit to tyranny.
The California Insider program showcases leaders and professionals across California with inside information about trending topics and critical issues. [Read more…]
My new book has been published. It pays tribute to freedom, truth, and the dignity of the human soul. It’s my way of thanking America for saving me and my family, and giving me the opportunity to thrive. I wrote it to help others seek genuine freedom and find joy. Available on Amazon now: Pursue Your Freedom and Happiness.
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by Chris Banescu –
“We have 9,000 employees worldwide and $912 million n revenue. In our 43 years, we have never missed a quarter. We’ve never had any layoffs; we’ve never had any downsizing. It’s just been very conservative, systematic growth.” ~ Jack Dangermond
A few years ago Inc.com magazine interviewed Jack Dangermond the co-founder of Esri, a global corporation that supplies geographic information system software, web GIS, and geodatabase management applications. Dangermond highlighted the company’s stellar and systematic growth despite its conservative management style and lack of any layoffs in its 43 years of operation. [Read more…]
by Chris Banescu –
Employees are an organization’s most valuable resource. They must be managed fairly and equitably. They must be appreciated and respected. Leaders must strive to build relationships based on integrity, trust, and mutual understanding with the individuals they lead. Management must always remember that employees, especially engaged, loyal, smart, productive, and responsible ones are to be managed with care and concern.
Employees who are treated well, know their jobs are secure and management has their backs, are paid fairly and equitably, and are trusted and respected by their leaders and organizations, will be much more productive and loyal. They will literally give it their all and always strive to go “above-and-beyond,” safe in the knowledge that the company they work for genuinely cares about them and has a vested interest in their success and well-being. [Read more…]
by Chris Banescu –
There are four guiding principles that leaders must consider when leading their employees. All rewards and recognition programs should be: personalized, noteworthy, meaningful, and motivating. This raises the bar on organizational performance, helps motivate employees, promotes and strengthens employee engagement, and nurtures healthy and constructive competition based on value-creation and operational excellence.
“The right total rewards system – a blend of monetary and nonmonetary rewards offered to employees – can generate valuable business results.” – Robert L. Heneman, Ph.D.
“[Think about] actions that are meaningful to [the employee] versus what’s meaningful to the giver.” … “We tend to give appreciation in ways that are meaningful to us, but if [the recipients] think it’s not authentic, it can create damage and make them think you’re trying to manipulate them.” – Paul E. White, Ph.D. [Read more…]
by Chris Banescu –
Companies and organizations must reward and recognize their employees in order to succeed and insure that they continue to be engaged, motivated, happy, and productive.
It is not just rewards or just recognition. It is not an either/or proposition. It’s also not rewards versus recognition. One does not have priority over the other.
It is rewards AND recognition. Why? Because it’s ethical, fair, and right, and it works!
Both are required in order to justly compensate, effectively lead, capitalistically reward, and ethically motivate and recognize your employees. Anything less will never be sufficient to attract and retain the talent necessary to insure the long-term success, profitability, and prosperity of any enterprise. [Read more…]
by Sam Patterson –
The role that business plays in society is straightforward – businesses produce goods and services that people consider beneficial. If a business can do that while wisely using resources, it makes a profit. Successful businesses benefit society by producing goods or services which improve people’s lives, and are then rewarded with profit. Those profits enable businesses to innovate or offer more goods and services, further improving people’s lives. Businesses must cater to the needs of society or they will find that they are not rewarded with profit and may well no longer exist.
At least, that’s how it works in a free market. There is another path for businesses to make profit other than providing valuable products. It’s called cronyism. Cronyism occurs when a business colludes with government officials to create unfair legislation and/or regulations which give them benefits they could not have otherwise obtained voluntarily. [Read more…]
