11/21/2017

Why Employees Come First, Customers Second and Shareholders Third

Our system has fallen into a command loop to increase shareholder value at all costs

Employees are your most valuable resource. Yet many companies ignore and treat their employees poorly. Our system has fallen into a self-reinforcing command loop construct as follows: Increase shareholder value at all costs without regard for the human factor. Sadly, if you do not cure the cancer in the root of the tree, not only with the branches and leaves die; but so will the the tree. Unhappy employees cost companies billions of dollars each year in lost revenues, settlements and other damages. The loss of revenue can send even established companies into financial distress, with some even filing for bankruptcy.

Financial Losses can result from:
Decreased Productivity. According to research conducted by Gallup, disengaged employees cost companies $450-to-$550 billion in lost productivity each year as a result of poor performance and high absenteeism.

Employee Negligence: It is common for dissatisfied employees to neglect to complete tasks or make mistakes.This leads to poor quality control standards, unsafe products and dangers to consumers. Cases of serious injury or death, caused by company negligence often results in hefty settlements being paid out to those affected.

Please click here to read the complete article from LinkedIn.