Macy’s is downsizing. The legacy retail company announced plans to close 150 stores over the next several years to focus on its more successful stores and ventures. According to reports, the department store chain has not disclosed exact locations that…
Leadership Lessons from TIME Person of the Year: Taylor Swift
Lynne Vincent, assistant professor of management at Syracuse University’s Whitman School of Management, agrees with this statement. She writes:
“Great managers have the ability to enrich employees’ inner work lives- to create and sustain employees’ positive emotions about work, to keep employees motivated and engaged at work, and to support employees’ positive perceptions of the organization and the manager. Recognizing employee contributions and work is a significant part of that. Showing appreciation for their contributions can increase moral, motivation, and overall job satisfaction. We spend so much of our lives at work. We want that to mean something and for our efforts to be recognized and appreciated.
In this case, Swift recognized employees’ contributions not just with a significant financial bonus but also a handwritten message. That demonstrates respect and an authentic appreciation for her team. Recognizing employee contributions can make them want to continue to work for you. With so many employees languishing at work due to emotional exhaustion and a lack of engagement at work, great leadership actions like this make a difference when you are trying to attract and retain talented employees.”