CFO asks CEO “What if we invest in our people and they leave”. CEO asks, “what if we don’t and they stay”?

Unfortunately it’s really not a joke, in my 8 years as an Austin executive coach in many cases it’s true. Today owners have a serious concern, if we do train employees yet when they feel unwanted or unappreciated, they update their resumes and move on for double-digit increases. If owners don’t train, employees train themselves on our time and move on for double-digit increases.


Which is why company culture, core values, cohesive leadership teams, transferring ownership to the employee and holding yourself and your people accountable is so much more important today since employees are highly educated, on average have greater mental capacity, have a want to belong attitude plus their healthcare and 401K’s are now transferable.


CEO’s, presidents, owners and team leaders need to embrace a greater level of transparency, increase your communication to not only your direct reports also your rank and file employees. Monthly talk two your biggest customers, are you delivering your promise. Accountability starts and ends with a phrase “…can I count on you” ands it goes both ways!


Smart and educated employees want to be around smart and educated employees and most everyone wants to make a difference and make the world a better place, especially the millennials and gen Y employees.


My last thought is what I see in my members, be  your word, be consistent and be authentic.


Published by edstillman

I grew up in Carlsbad, north San Diego County, lost my dad as a teenager, went into the USAF for four years and hired on with 3M in 1969. Received my AA from Santa Barbara City College, BA and Masters from Redlands University and after 33 plus years, I retired from 3M in 2002. As I look back on my life, I have been creating myself and developing my skill sets to be a business coach and a Vistage Chair. I am president of SEOT, a "personal improvement" consulting firm spending most of my time working with Central Texas executives running small to medium size for-profit companies who are focusing on improving their profitability greater than their competition. My area of interest is assisting senior executives in creating a better balance between business commitments and personal relationships. I also facilatate three leadership labs each consisting of a dozen owners, presidents and CEOs. We meet monthly both in a group setting as well as in a 1-to-1 coaching session. Our focus is to sharpen each others' skills in becoming better leaders, making better decisions and taking ourselves and companies to that next level. Who are we? My members are experienced top executives who recognize that they don’t have all the answers and who actively seek the company of successful peers—both to give and receive insights and ideas. My members mine the 200 plus years of chief executive experience that comes together in our monthly meetings and members are eager to offer their own experience and insights in the process. As a group, we spend our time exploring topics members can't discuss anywhere else. My members have many other places where they can engage in idle, "cocktail party" chatter. Our mission is to provide the setting for discussing the "undiscussable." Where or who can you go to for confidential, honest feedback to assist you in minimizing your personal "Worry List"?

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