Top Companies Share Their Biggest 5 Lessons

How do companies like Apple and Google sustain their success? Experts from Hay Group partnered with Fortune magazine and released the 14th annual World’s Most Admired Companies list. The list breaks down and analyzes practices that keep the top companies, well, at the top. authors Mel Stark and Mark Royal tell the tale.

Topping the Hay Group list are Apple, Google, Southwest Airlines and Proctor & Gamble. What business practices make these companies highly regarded and successful? One of the most important things to note is how these companies consistently perform strongly and maintain a strong reputation among ever-changing business conditions.

There are five things that make these companies stand out. Perhaps your organization’s managers can put them into practice for your workforce. The five performance sustaining tactics are:

1. Involving employees at all levels in promoting efficiency and innovation.

2. Recognizing that work/life balance is about more than employee comfort.

3. Keeping skills current.

4. Managing performance.

5. Linking reward and contribution.

No matter how you want to look at it, in order to sustain performance from your employees, it is crucial that you are giving your employees the conditions to contribute to your organization and be successful individuals. To read about the five tactics more in-depth, please click here for the full article.

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