Editor's Page -- Nurturing The Motivated Workforce
Two articles in this issue speak volumes about what you need to do to help your company survive through this bafflingly slow economy to a grand old age. The stories, Senior Editor John McClenahen's Managing In A Slow-Growth Economy and Jill Jusko's Secrets To Longevity, address the very nature of success -- what builds it, maintains it and keeps it in sight even in the face of obstacles. Many of the strategies suggested in the articles highlight the importance of nurturing a motivated, if not passionate, workforce. The January issue of "Harvard Business Review" (HBR), which reprised some of the most compelling research conducted on workforce motivation throughout the years as well as published several new studies, helped me compile the four most important strategies for gaining a high level of commitment from your employees. HBR's overall conclusion? "We learn that while traditional rewards and punishments can, if ill managed, severely damage motivation, they have little beneficial effect even under the best of circumstances. It's the fuzzier things -- feelings of purpose, belonging, engagement -- that push people to do their best." So what do you need to do?
About the Author
Patricia Panchak
Patricia Panchak, Former Editor-in-Chief
Focus: Competitiveness & Public Policy
Call: 216-931-9252
Follow on Twitter: @PPanchakIW
In her commentary and reporting for IndustryWeek, Editor-in-Chief Patricia Panchak covers world-class manufacturing industry strategies, best practices and public policy issues that affect manufacturers’ competitiveness. She delivers news and analysis—and reports the trends--in tax, trade and labor policy; federal, state and local government agencies and programs; and judicial, executive and legislative actions. As well, she shares case studies about how manufacturing executives can capitalize on the latest best practices to cut costs, boost productivity and increase profits.
As editor, she directs the strategic development of all IW editorial products, including the magazine, IndustryWeek.com, research and information products, and executive conferences.
An award-winning editor, Panchak received the 2004 Jesse H. Neal Business Journalism Award for Signed Commentary and helped her staff earn the 2004 Neal Award for Subject-Related Series. She also has earned the American Business Media’s Midwest Award for Editorial Courage and Integrity.
Patricia holds bachelor’s degrees in Journalism and English from Bowling Green State University and a master’s degree in Journalism from Ohio University’s E.W. Scripps School of Journalism. She lives in Cleveland Hts., Ohio, with her family.