A great friend of mine, John Donnelly, always says about team meetings that “You can’t be caught working if you’re in a team meeting” and of course he’s right. It amazes me how many people still flit from one meeting to another, particularly in public services, that actually believe they are doing something! The problem is that when they attend the next meeting to discuss actions from the previous meeting they often haven’t had time to do the work because they’ve been too busy attending meetings!

Three hours a day in internal meetings
According to the figures, almost a quarter of employees spend up to
three hours a day in internal meetings.
Answering emails is another time waster with the average number of internal emails received being 32 – although
nearly one in five say they get up to 50 a day, which works out as one
email every eight-and-a-half minutes.

Internal meetings a colossal waste of time
Management today have an article that suggests that UK businesses waste
£255m a day on internal meetings and emails. And that’s not just on
multi-packs of chocolate Hobnobs: The refreshing thing is that those attending meetings often see them as a
colossal waste of time, that is except those that spend their days in meetings rather than be seen working.

“What are the top ten questions that a team leader could ask at a team
meeting to generate discussion that will lead to team improvement” a good
friend asked me a few days ago.

I found providing an answer very difficult
because the questions a team needs to consider will depend upon the business
issues at the time, the maturity of the team and other factors. After thinking about it I told him that I
probably had a hundred questions I could ask and he challenged me to email
him one each day for the next one hundred days!

The first two questions have already been sent to him and then I got thinking that I could include the questions as a Tweet to all my followers.

So each day I will Tweet a question that could be asked and discussed at a team meeting. If you don’t want to miss these Tweets then “LIST” me on twitter so that you can have them sent directly into your list

Questions to ask at a team meeting that have been sent so far are:

“How does the team generate and progress new ideas?”

 and

“What level of clarity has the team of the expectations of it?”

Quite a stir was caused this morning on Twitter when I suggested that Lack of talent is the biggest obstacle to growth but many businesses don’t have tools to find and keep talent in place.

A couple of people suggested that this Tweet was bull**t and that “Tools don’t find and keep talent; you need good managers for that”. A sentiment, by the way, that I wholly agree with! However, good management rarely operates on its own and often needs to use techniques, models, processes and past experience to guide actions and decisions and these I call “Tools”. In fact I would add that utilising tools in this way is a sign of “Good management”. Trying to manage without tools is often identified as “poor management”.

Now I enjoy having my thoughts and articles challenged and contradicted, it’s what makes for good debate and learning and I’ve got used to my “pearls of wisdom” being dismissed by those unable to understand the subtleties of what I’m saying, but I do wish that they would do so using logic and experience. “Bull**t” is so difficult to reply to! 

There are many occasions when I observe teams that are dysfunctional and not producing the results anticipated. So it was a delight to have experienced first hand a team that through great management, understanding of what needed to be done and an ability, of the whole team, to explain to outsiders what was happening.

A Great Team
Not for the first time (Two years ago I dislocated my shoulder) I find myself in complete admiration for the doctors, nurses and assistants in the UK’s National Health Service. Last week my Mother suffered a heart attack and had to be rushed into hospital. For relatives under such circumstances it’s a frightening time for the patient and an anxious time for relatives.

From the motorbike paramedic to arrive first, to the ambulance crew, A&E staff and cardiac recovery team at the Royal Glamorgan Hosptal everyone worked in calm, professional and well rehearsed precision. As a result my Mother is still poorly but out of danger.

Business could profit from studying the technique
Business could profit from taking lessons in the training, management and delivery of the service that our professional medical teams deliver to their customers.
So it’s a Thank You from me 

Having just paid my car insurance fee that, despite having nine years no claims bonus, rose once again I was delighted to hear that referral fees are to be outlawed and that The Office of Fair Trading is putting motor
insurance under the spotlight after premiums rose by
40% on average in a year.

First step in tackling dysfunctional compensation system
The Association of British Insurers – said it welcomed the announcement. As reported by the BBC, Director General Otto Thoresen
said: “We are very pleased that the government has listened to the
insurance industry’s campaign for a ban on referral fees.

“Banning referral fees is an important first step in tackling
our dysfunctional compensation system, and needs to be accompanied by a
reduction in legal costs and action to tackle whiplash if honest
customers are to benefit from these reforms.”

Change in culture and teams
Insurance companies, law firms, garages and other interested parties in the referral system merry-go-round will have to change their systems and their teams to reflect these changes.  That either means redundancy or allocation to other jobs (on the basis that the entire system doesn’t move underground).

Reduced bills
It’s interesting how there is expectation that once the system is outlawed and the teams that manage the current the system are disbanded, saving employment costs, and the huge compensation costs reduced that insurance premiums will fall.

I will await next year’s policy renewal notice with interest!

CNN reported that HSBC has announced that 3,000 people – roughly 10% of its
workforce – will be out of a job by 2013 and are part of the bank’s plans to eliminate 30,000 positions worldwide.

Other banks making huge numbers redundant include Bank of
America, the largest bank in the U.S., plans to shed between 25,000 and 30,000 jobs as reported in the Charlotte Observer . In Stockholm, Nordea, the largest bank in the Nordic region is to cut 2,000 workers. The Dutch bank ABN Amro has announced that it will cut 2,350 jobs. The Daily Telegraph has reported that Lloyds TSB will be cutting 15,000 jobs, Barclays 3000 and Goldman Sachs 1000.

A payroll cut is instant money
Banks are looking for ways to boost their
bottom lines – and as employees
represent around 60% of a bank’s expenses a payroll cut is instant
money.

Another reason is that as banks increase salaries and reduce bonuses they find that whilst bonuses could be easily adjusted to reflect the bank’s financial performance, salaries are a fixed cost. So rather than axe bonuses, banks are axing bankers.

A future problem
In my experience when team personnel are restructured there is the need to restructure work processes and determine new targets and work outcomes. In effect there is a NEW TEAM and new teams are likely to achieve their anticipated results only 60% of the time.

This failure rate (40%) can cause huge losses on the bottom line and delay mission critical outcomes unless clear management of the transition situation is carefully implemented. In my experience the more team change that’s implemented at the same time the more likely there is to be a failure. 

I’ve been asked to explain how to assess the efficiency of a sales tean

This is quite a complicated area but in just a few steps here’s my method

a) Work out no’s that exceed target and % of excess
b) Work out no’s that don’t meet target and %
c) If more people in sales team exceed target then it’s about right or understated
d) If more people are below target then either target is too high or there are too many passengers.

This is a very simple formula and much has been left out by I hope you get the idea

I do hate it when business use phrases to hide actions in order to reduce the potential impact and effects and one that I find increasingly annoying is “Rightsizing”. This is partly because it’s so often used to replace more accurate descriptions such as Redundancy.

It was used in Management Today “UBS is far from being the only bank which has announced
job cuts recently – everyone from HSBC to Credit Suisse has been busy
‘rightsizing’ their workforces…The job cuts at UBS amount to over 5% of its total workforce “.

Now, I know that “Rightsizing” has been used for some years but surely it’s poor management to have “Wrongsized” in the first place (see Tony Miller descriptions below) but I doubt that it’s the management jobs that are about to be rightsized! You can imagine the  press release from UBS HR was at pains to seem to be “normalizing” the situation but is the term “Rightsizing” the correct one.
 
Thanks to Tony Miller  for giving a reasonable explanation so that we can all make up our own mind!:

Downsizing
Is simply reducing the number of reporting layers in the business to produce a better line of communication and efficiency…Downsizing is a stressful and risky business and should not be carried out by anyone who has not experienced this technique.

Rightsizing
Involves reducing the organisation by a small percentage. By doing this you can keep the organisation trim and in better condition. It can be achieved by a number of painless means such as:
Freezing recruitment
Releasing the long-term sick
Releasing poor performers

Yesterday I blogged on Simon Swan’s article in the latest edition of Management Today and got quite a reaction. A whole load of people, shocked at the costs to their business, contacted me with questions and to discuss team restructures. They ranged from large businesses with a number of teams to a small company of four considering expanding to a team of just five people.

Not so boring stats
All of them were shocked to hear the answers to the “INfrequently asked questions”.
that business never asks*:

• What percentage of new hires fail within two years of appointment?
  A: 40%
• What % or restructured teams fail to meet objectives?
  A: 42%
• What % of projects are completed to time, budget and specification?
  A: 28%

But it doesn’t have to be like this and I talked through my callers an eighteen minute SKYPE call when I explained how to reduce the risks of new hire and team failure…easily.
They’ve urged me to offer the same eighteen minutes to my SKYPE contacts (stephenharvarddavis) and I thought I would offer this to my blog readers and at no charge.

If you want to take me up on this then email me at Stephen@assimilating-talent.com so that we can arrange a mutually convenient time for a SKYPE call.
For the moment I’m restricting this to the first ten respondents and during the next seven days so don’t let time pass if you want to take me up on the offer

* Stats from various sources including Fortune Magazine and HBR

Reducing costs is a main focus for all business owners and Director these days. The most obvious cost to tackle are the “people costs” but these also happens to be the most problematical.

The problems
The first problem is that, even in difficult economic times, there’s an inbuilt process in most firms that increases people costs. Once a person is hired increases in pay to keep up with inflation, promotions, increases in employment taxes and so on all add to increased costs. If salaries are frozen or small then there will be increased pressure from staff who claim that they are “Unvalued” and continually justify increased bonuses and promotions. Then there is the hidden future pension costs, often not included in company accounts, but which increase staff cost significantly.

Reducing people costs is an issue that Directors talk to me about almost daily. The problem is that getting rid of staff is often a problem. In some countries it’s almost impossible and even in the UK and the USA the process takes time and substantial management time, which is all cost!

Reducing costs by shedding under-performers
Many Directors and firms find it difficult to reduce staffing levels until forced to do so. Concerns over company morale, culture and team spirit all cause delays in shedding staff. However, the fact is, that often reducing dead wood actually improves the morale of those that remain.

A main flaw
One of the most effective ways to manage staff costs is through a robust performance appraisal system. Yet I’m still surprised at the number of companies that have a poor system of staff appraisal. This is so costly, makes change and restructure difficult. Ideally a good performance review is held every six months, is focussed on targeted results and linked to time-framed development and which actually identifies the best talent as well as the costly talent.

The final stage is to ensure that action is taken to manage the bottom end of the talent pool effectively so that it is continuously pruned.