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There is a belief that the current C-suite jobs are tougher than they have ever been. Executives are being monitored by the shareholders and the board of directors who control remuneration and promotion. The leaders’ performance and rewards are influenced by a corporate governance model and a compensation committee.
There is always pressure and no time to relax. Most CEOs worry about their current and future business growth due to internal and external challenges. On many occasions, CEOs are fired due to poor performance. This becomes a challenging situation as it may be difficult for them to get another job with commensurate pay and level of responsibilities. It is a fact that there are only a few opportunities available in the local market for individuals with such positions.
Sometimes, fear of failure indirectly motivates leaders; but ideally, this should not be the case. One of the key attributes of a leader is to have assertive skills. Results-oriented companies expect outputs; thus, there prevails a mentality that if the workers do not deliver, they get fired.
Organizations should know how to motivate individuals to improve their productivity, but threatening their job security does not help at all. Executives must be able to deal with the various layers in the organization effectively and not restrict meetings with the executive committee. They should interact with their peers and subordinates. It is important for them to take criticisms constructively and communicate questions to understand the exact nature of what needs improvement.
In short, executives must be able to identify problems and arrive at solutions that can be implemented smoothly without upsetting their peers and other managers.
* Organizations should encourage two-way communication
* Management must know how to motivate their employees
* They must be able to identify problems and arrive at solutions
Source: Dr. Pon Mohaideen Pitchai, Special to Jobs & Careers
The writer is a Dubai-based HR and Management Consultant