Tim Noonan is Chairman of Los Angeles-based Lockton Pacific Series where his vision to compete on the global stage drives his growth strategy. He has 38 years of experience in the insurance industry.
How to Delegate Effectively
An executive’s first step towards greater efficiency may simply be learning to let go.
Business executives who want to increase productivity, boost morale, and strengthen workforce commitment within their companies can begin by letting others take larger roles in the decision making.
Not only will sharing your higher-level responsibilities positively impact company culture, it will relieve pressure on you, allowing you to be more productive, especially in the area of long-range planning.
A Ga...
The Benefits of a Philanthropic Workplace Culture
Supporting the community outside the office can enrich the community inside it.
There are many reasons why I am a strong proponent of corporate philanthropy beyond the obvious benefits to charitable organizations and their impact on the lives of those in need.
A company that develops corporate-sponsored programs and creates a strong philanthropic culture in the workplace builds lasting partnerships within the community, boosts employee recruitment, fosters engagement, improves retention, and ...
Turn Your Big Idea Into a Reality
The global pandemic brought on a paradigm shift in the workplace. How, where and why we work and live changed radically. While it’s been an incredibly challenging time for everyone, the unprecedented obstacles brought about by Covid-19 also gave us the opportunity to rethink, rebuild and restore.
Organizations were forced to shift traditional management styles for collaborative approaches which encourage more creativity, foster more innovation and invite new ideas.
The hunger for new ideas is...
Winning the Hearts and Minds of Future Leaders
PERCEPTIONS:
Among your company’s constituencies is the crucial segment of next-generation talent.
Today, your company’s success is measured by more than its financial statement. A healthy bottom line is simply the baseline upon which other yardsticks are stacked.
It’s part of a “people first” philosophy that companies are being encouraged to adopt – not to the exclusion of profitability, but as a precursor to it. As Virgin Group founder Richard Branson has said, “When it comes to business su...
Employee Wellness: A Fundamental Strategy For Business
You would be hard-pressed to find an American who hasn’t experienced work-related stress. In fact, in the 2021 American Psychological Association’s Work and Well-Being study, 79% of the 1,501 employees who were surveyed said that they had experienced work-related stress. The most significant work-related stressors reported by those employees were low salaries (56%), long hours (54%) and lack of opportunity for growth or advancement (52%).
Whether the stress that many Americans face is due to ...
Do CEOs Say We’ve Turned the Corner?
YPO’s recent survey of 1,700 business leaders identifies challenges, outlook
As we enter 2022 and approach the third year of this shape-shifting pandemic, chief executives continue to navigate uncharted waters. Nevertheless, some companies are able to convert their obstacles into opportunities and grow. Others struggle against supply chain disruptions, labor shortages, inflation and high staff turnover.
How have the past two years of challenge affected the outlook and enthusiasm of the world’...
Cultivating A Hybrid Workplace
Tips for executives on managing a workforce combining remote and onsite employees.
The onset of the Coronavirus pandemic required companies that could, shift to partial or total remote working. Suddenly, a slow, measured evolution borne of the Internet age leapt into hyperdrive.
Before 2020, the number of Americans telecommuting, as it was called, was about 4.7 million, roughly 17 percent. That reflected an increase of 20 percent during the previous five years. Within months, Gallup determine...
New Emphasis on Worker Mental and Physical Health
In the lengthening shadow of the pandemic, studies show increasing workplace concerns.
Awareness of corporate leadership’s responsibility for safeguarding and even bettering mental health has led to improvements in recent years. For decades, consultants had advised executives of the need to provide wellness programs for both employees and management personnel.
In the lengthening shadow of a subsiding pandemic, businesses are gaining a sharper awareness of the very real vulnerability of the in...
The Case for ‘Curiosity’
To foster innovation or just stay fresh, smart businesses are encouraging curiosity.
Curiosity has had its share of bad connotations. Curiosity is an oddity, scorned as nosiness, and even blamed for killing the cat!
Nevertheless, it’s a primary driver of human evolution, and many businesses today are openly embracing it. It’s now among the desirable traits sought in corporate leaders, along with standbys like intelligence and trustworthiness. It is also seen as a valuable quality for employee...
How Technology Can Improve Employee Engagement
Successful executives who hope to remain successful know they must prioritize employee relations. Whether they are new staffers or seasoned managers, employees who don’t feel engaged inevitably become disengaged.
The latest Gallup report of U.S. Employee Engagement found that slightly more than a third of those surveyed described themselves as engaged in their jobs. About half said they were not engaged and the remaining 13 percent were “actively disengaged.”
With so many disconnected, effect...
Hiring in a ‘Post-Pandemic’ World
With no end-date in sight for Covid and its variants, smart businesses are adopting strategies and processes in line with the new realities.
As 2021 and the second year of Covid-19 wind to a close, new virus variants continue to delay a “Covid-free, post-pandemic” era. Perhaps there isn’t going to be a Covid-free future and we will just vaccinate annually as we do with the flu.
Whatever the future brings, much of the business world is already adjusting to a new norm. We can see that safeguard...
Tips for Execs: Employee Retention
How can corporate leaders curb escalating workforce turnover?
Companies large and small are losing employees at a national rate of 3 to 4.5 million employees per month. And the trend is increasing.
As executives, we know that the impact to our companies goes far beyond lost productivity, which alone drains U.S. businesses of $1.8 trillion annually.
The causes are varied and numerous. The Work Institute identified 52 reasons, which HRForecast then grouped into ten categories. The most common a...
Executive Notebook: Philanthropy is Everybody’s Business
Corporate Leadership is Driving a New Level of Community Involvement
Christmas decorations cheering up retail outlets, supermarkets and business offices aren’t the only signs that the year is winding down. Gentle nudges from non-profits to make our 2021 tax-deductible donations are another indicator.
Good cheer and charity, of course, aren’t restricted to December. And in the case of latter, an increasing number of corporate executives are making giving back to their community an integrated, ...
Important Soft Skills for Success at Work
For years the focus of hiring was on individuals that possessed strong technical skills and expertise in their respective fields. Now, interpersonal skills are leading the way into the future: the priority recently is to screen job candidates for soft skills. Also known as emotional intelligence (EQ), soft skills help to set people apart. Unlike “hard” skills, soft skills develop differently and aren’t necessarily taught in places like higher education, which, theoretically, prepares individu...
Time To Change Your Business Strategy?
One of the earliest requirements of a successful business is laying out clear goals and objectives, and that must be followed by outlining an ambitious yet realistic business strategy to attain them.
In my experience, any strategy is “the art of getting things done.” Simply put, an organization’s success relies on its capacity to implement vital organizational processes and decisions effectively, efficiently, and consistently.
A business strategy will continually guide managerial decisions th...