Top 5 CEO Sacrifices

The Top 5 CEO Sacrifices

Top 5 CEO Sacrifices

The Top 5 CEO Sacrifices

There is no easy way to the top of Everest and it is the same in business. CEO’s have all made sacrifices to get to sit in the big seat. The big question is, “are many of the sacrifices made actually necessary”?

So often we see people putting in long hours, pleasing the boss, fueling their ego and trying to get a step ahead of their colleagues, like it is a game. So, how much productivity is lost through people being overworked, over-stressed and caught in a negative frame of mind?

Many people only see the successes of a CEO, rather than what lies below the surface. Hard work, dedication, discipline, persistence, failure, disappointment, sacrifice and failure are what it takes to get to the top in any industry.

Recently we surveyed a number of CEO’s, Senior Managers and Business Owners (CEO) on “What are the top 5 CEO sacrifices you have made, that you would take back in a heartbeat?”

The top 5 sacrifices are:

#1 limited time with children and family,

#2 not prioritising my own fitness,

#3 a lack of time to look after my health and wellness,

#4 forgetting about my friends, and

#5 working during family holidays.

When you take a look at this list, you notice a number of aspects that so many people value, especially family, but when it comes to the crunch people often choose work first. It is common for people to make the choice to work as they think there will always be time for family and friends.

“Spending too much time with accountants and lawyers (it took time away from people that really mattered).”

There is more and more research showing that sleep, as well as psychological and physiological recovery, are major ingredients in mental and physical performance. Why do we then sacrifice the most important aspects of growth to overwork our brains?

 “Pure vacations, as business owner there is no pure down time”

Not having enough time for hobbies and personal development were also common. Many people wait until they are retired before they focus adequate time on themselves and what they really want to do in life. In many cases they lack the energy to really do what they want when they retire as they have neglected their health, wellness and fitness for some many years as they ground it out every day at work.

“Exercising more and less procrastination when thinking about exercising”

It was interesting to hear that a number of CEO’s say they sacrificed a lot of time with negative colleagues and Board members. They noted at times it made their life miserable, as it took the enjoyment and time away from their innovative and creative mind.

“Not being aggressive about Board of Directors composition. I need a Board that adds value, not just meet and waste my time. It was a sacrifice because it made my life miserable.”

The one aspect the resonated a lot with us, is that a number of the CEO’s felt they didn’t say ‘thank you’ enough, to those that really matter. Gratitude is an important part of being a successful leader. We sometimes forget that a lot of other people in our lives are making sacrifices to support our drive for success.

“Not saying thank you enough – to my family, my friends (many were neglected) and employees (who really made the company work).”

You have a choice, you can commit to the hard slog and burn the candle or you can put measures in place to ensure your productivity is high and you have the time for the important aspects that matter in life.

Stay tuned as we begin to open you to a different way of approaching work so you can deliver a high level of performance in all aspects of life.

What are your CEO Sacrifices?

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Have We Got The Hiring Process Totally Wrong?

Have We Got The Hiring Process Totally Wrong?

Have We Got The Hiring Process Totally Wrong?

It has been reported that “81% of people lie or bend the truth in their resumes and when being interviewed”. (Schwantes, Unknown) Candidates can talk the talk, but can they walk the walk?

Are you tired of sifting through resumes and conducting tireless interviews only to find out 2 weeks after hiring someone that they are the wrong fit?

When we are recruiting someone to fill a role in our company or team we are looking for the best available talent. So are our processes actually identifying talents or are we just testing how good people can write a resume, interview and tell stories?

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What do sports coaches, dance company’s, symphony orchestra’s, music labels and art galleries have in common when they are recruiting new people?

They conduct auditions and trials.

How do builders, plumbers and other craftsman recruit people?

They conduct apprenticeships.

So, why don’t companies and teams place potential employees through real-life situations, such as auditions or apprenticeships, when recruiting?

Let’s take a look at how you can reduce the opportunity to hire a talker rather than a walker.

When recruiting, we need to be able to assess the following:

  • Behavioural characteristics
  • Skill level
  • Values compatibility
  • Team cohesion
  • Complimentary skills to improve team performance

Audition’s, trials and apprenticeships allow you to test the candidate’s ability to perform the kinds of tasks that they are likely to tackle in a typical day. They allow you to view multiple skills, see how they work, how they prioritise, what they do when faced with challenges and you can interact with them in a work situation. It is a great way to safeguard your company or team against those who are good at bluffing their way through a situation or interview. (Smyth, Unknown)

Auditions need to be appropriate to the role recruiting for. If you are recruiting for a role that requires a lot of collaboration and management, then it might be more useful to bring all key candidates into the same room and set a group puzzle solving task. Whereas if you are recruiting for a role like a journalist, you could set them a highly technical brief and observe how they tackle challenge in a role-playing type situation.

In a group audition, try placing the candidates into groups of 4-6 people, provide them with a puzzle, and then sit back and enjoy. You will see their personalities shine through as they will naturally showcase their leadership, teamwork, working style and coping ability. At the end get them to present to the other group/s and then provide an opportunity for the group/s to provide feedback on the project and the process they went through to solve the puzzle.

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Conducting a group audition allows you to reduce the total time of the recruitment process. It also provides observations on how people react in unique, awkward and pressure situations.

If you are completing individual auditions, then you need to establish an efficient process, to ensure that you get the best value for your time. Role-playing is a great way to achieve this. It gives you the opportunity to test both technical and soft skills. You get to explore the candidate’s ability to analyse, solve puzzles, think critically and present.

The audition process allows you to reduce the element of risk. You can really hone in on the skills you are looking for rather than trying to decipher through the candidates reflection of previous stories or even making up an answer. (Smyth, Unknown)

Interviews can deceive your analysis of a candidate’s performance potential. For many people, the interview process takes them into an unnaturally uncomfortable position. This may affect their non-verbal cues such as eye contact, handshake strength and ability to control nerves. You need to make sure your judgement is based on the actual skills required in the role they are applying for rather than the “first impression” soft skills. (Smyth, Unknown)

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It is valuable to develop a meaningful measuring system to ensure all aspects of the audition are analysed effectively. You need to accurately measure and score against the skills required in the role. Therefore, it is important to ensure that the audition is based on simulations or every day work rather than a once in a lifetime crisis-type event. (Smyth, Unknown)

Some other ways to effectively assess your candidates (Lipsey, 2017; Musser, 2017):

  • Two-step role playing – Challenge their reflection & response to feedback
  • Creativity tests – Observe how candidates navigate the unexpected
  • Feedback/self Improvement – Assessing the vulnerability of a candidate
  • Paid trial period – Short-term commitment
  • Trial day – Place them into the work environment for a day
  • …athon – Set a task that requires work related skills, open it up to the market and create a competition out of it.

It’s time to find amazing talent, rather than good actors. How are you hiring?

Resources

Lipsey, R. F., (2017). Hiring A+ Candidates for Your Start-up How to Sport a Learner. The Huffington Post. Link

Musser, J., (2017). Transforming Interviews into Auditions. Sales Potential. Link

Schwantes, M., (Unknown). The Job Interview Will Soon Be Dead.  Manuseto Ventures, Inc..Link

Smyth, G., (Unknown). Do Audition-Style Interviews Really Work? Seek Insights & Resources Australia. Link

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Are You Leading A High Performing Culture? Link
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ARE YOU LEADING A HIGH PERFORMANCE CULTURE?

ARE YOU LEADING A HIGH PERFORMANCE CULTURE?

As a leader you are at the steering wheel of your organisation or team’s cultural journey. You set the temperature in the room as you bring people together to change the personality of the organisation or team.

Being a role model of beliefs, through practising what you preach, is an important part of reinforcing the new values of the organisation or team. You need to give cultural building the effort it deserves as you set the tone for everyone involved.

Subtle leading is important as you don’t want to force the changes down their throats. It is crucial that your structure resembles the culture that is desired. You need to stimulate healthy discussion and prioritise the key aspects of cultural change.

Leading cultural change requires you to teach it, define it, live it, measure it and most importantly reward it. You must be consistent in your approach and ensure the delivery hits the sweet spot every time.

Positive Workplace

Creating a positive workplace, through successful cultural change, provides many great benefits to your organisation or team. Let’s take a look at some of the most valuable benefits, which employees can experience:

  • Improved productivity throughout the organisation
  • More focus on their work and the work of the whole organisation
  • Proud to be associated with the organisation
  • Knowledge & experiences are shared to enhance the organisation
  • People enjoy coming to work
  • More committed to the company
  • Go home happy & feel satisfied
  • Positive impact on society, especially the relationships with their friends, family and the community

High Performance Culture

Why do certain companies or teams excel beyond the norm in productivity, cohesion, ratings and performance? They know how to deliver a high performance culture. They live and breathe it every minute of every day. Let’s take a look at what a high performance culture is all about.

How do you know where you are going, if you don’t know where the destination is?

High Performance cultures start with clearly defining and understanding what winning looks like. The culture is connected to the big picture. The team spells out their preferred culture and sets about ensuring everything and everyone is aligned.

Performance is increased through transparency, employee engagement and an ownership mentality. Team members are adaptable and highly accountable. They work as one and feed off each other.

There is an internal focus for continuous improvement and information sharing. Coaching and mentoring programs are ingrained to ensure leadership is developed and nurtured.

Storytelling is deeply embedded in the company or team. It’s the lifeblood that continuously fuels performance. It draws the DNA of the company or team and allows it’s personality to shine.

Exceptional customer service and open internal communication is a natural way of being. It drives customer satisfaction and fuels employee cohesiveness.

Employee recognition is prioritised and they take the time to celebrate all wins, both large and small. Celebrating small victories lift the spirits of the team, help in motivation and team encouragement.

As Peter Drucker once said, “Culture eats strategy for breakfast”. If you think of building a house to sell, the culture is the foundation that enables the strategies to shine through that draw hundreds of people to the Open Home.

A high performance team sets high standards, stretch targets and won’t settle until they figure out how to achieve it. They are dedicated, determined and meticulous in their planning. The team knows their culture is only as good as its strategy and therefore are reviewing both on a regular and planned basis.

Do you lead a team of winners and the company DNA to deliver a high performance culture?

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Achieving Successful Change – Changes Series Part 3 Link
Change Tantrums – Change Series Part 2 Link
Why Change? – Change Series Part 1 Link
I Make No Apologies This Is Me! Link

LEARN MORE

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