As an elected member of the East of England Confederation of British Industry (CBI), Rachel Blackburn attended the quarterly regional meeting followed by the annual dinner at The Graduate Hotel in Cambridge. Lord Bilimoria, pictured with Rachel, attended the dinner and made the keynote speech. Karan Faridoon Bilimoria, Baron Bilimoria, CBE, DL, FCA is a British Indian entrepreneur, life peer in the UK House of Lords, and a university chancellor.
He founded the global beer brand Cobra Beer and currently operates as the company's chairman. In addition to his business activity, Bilimoria is a politically active crossbench member of the House of Lords, currently serves as Chancellor of the University of Birmingham and is President of the Confederation of British Industry.
One of the themes for the meeting was the fact that CBI research shows that only one in five businesses currently invests in developing their leaders and managers to support their business goals. We support the CBI's recommendations to boost labour productivity in these challenging times when all sectors appear to be facing recruitment and retention issues. These include:
• Adopting leadership, management and people practices that retain, engage and develop all staff, unlocking a healthier, more motivated and productive workforce by:
• Establishing and communicating a strong company purpose that encourages motivation
• Embedding effective performance management that keeps staff engaged and accountable in goals that are important and contribute to organisational success, while not being onerous
• Setting people management objectives for leaders and managers and put them on a par with commercial targets
• Ensuring leaders and managers regularly communicate clear expectations around organisational priorities, while also asking staff about their workload and wellbeing
• Regularly recognising and rewarding staff to appreciate what the team does
• Keeping track of employees' engagement levels and establishing ways staff can provide feedback and ask questions which are acted upon
Please get in touch with US2U Consulting to explore how we can help you manage these challenges.