News: Performance Management
Employees 'need to innovate'
22 April 2008
A global study has revealed that staff need to be given the opportunity to be innovative if companies are to develop to their full potential.
Of the 500 executives questioned in the study, carried out by Hay Group and Stratage, 94 per cent of companies were described as being autocratic when it comes to innovation, while the remaining six per cent shared innovative duties.
Around 80 per cent of respondents named it as one of their top three priorities for company development, while only 20 per cent provided staff with an adequate facility to do so.
Terry Waghorn, co-founder of Stratage, told People Management: "In an innovation democracy, the leadership believes that innovation is a skill that can be taught, as opposed to autocracies, which believe it is a talent that few possess."
He believes that democracies try to find a balance between innovation and optimisation and welcome new ideas.
In related news, a recent report found that four in ten employees had considered quitting their jobs through a lack of motivation.
