Powerful reading to deepen your perspective
How employee Engagement transforms Human Capital into Financial Capital
EE = EBITDA is an obscure but interesting formula that, once I came to understand it, I realized uncovers an exciting new source of increased profits that any business can realize.
The “blow up” of this formula is:
Employee Engagement = Earnings Before Interest Taxes Depreciation Amortization
Before going any further I want to say that Employee Engagement (EE) is certainly not the only factor that impacts EBITDA but it does have a significant impact on your bottom line. It just also happens to be one of the easiest ways to increase profitability you will ever come across.
Win challenging conversations with the most challenging types of employees
The most difficult employee for the conscientious manager to deal with is the unconscientious employee. One of the main reasons those folks are so challenging to deal with is because they don’t play by the same rules as us.
For instance, as a conscientious manager you believe in being honest; making certain you have your facts straight, and that you speak clearly. You also put a lot of effort into understanding another’s perspective and that they understand yours as well. However, the unconscientious employee doesn’t play by the same rules.