Whenever we think of ‘reward’ in employment terms, we often think of the salary we are giving to our people. The salary is what is referred to as the transactional (financial) reward.
Directors have a long list of duties most of which are of a fiduciary nature. These are obligations that have to be taken seriously by all directors including non executive directors.
The human being is made up of an array of emotions, most of them complex and difficult to understand. Empathy is all about being able to understand the needs of others, understanding what they’re feeling and thinking.
I have increasingly been meeting employers and managers who comment about the difficulties they are facing to recruit new people. The trouble seems to arise particularly when employers have to deal with the ‘millennials’ and the ‘Generation Z’.
Some statistics from the United States of America – courtesy of Bloomberg Business Week: 64 per cent of directors on the Standard & Poor’s 500-stock index have served ten to fifteen years on a board of directors.
History is continuously in the making, but never has history been dictated so boldly from the very first days of a calendar year. Trumpism and Brexit will have a lasting impact on the shape of the world to come. Economies and society are bound to be grossly and badly affected.
