Oct 20
Standard Chartered’s business case for focusing on employee strengths

According to Debbie Whitaker, Standard Chartered’s Head of Sustainability, ‘everyone has talents that we wish to leverage’.

This is a bold statement, considering Standard Chartered is a bank with over 60,000 employees in 56 countries. Their reasons for focusing on talent are fourfold:

i) greater growth potential
ii) better people performance
iii) increased employee engagement and
iv) attracting and retaining talent.

Many big organisations are sceptical of applying Strengths at work, yet Standard Chartered’s experience shows that it can make sound business sense.

A strengths-based approach to management has been operating in the organisation for the past 7 years, using Gallup’s StrengthsFinder tool. Whitaker describes a strength as the combination of talent, skill and knowledge, which motivation can transform into world-class performance. In her words, given equal skills and knowledge, talent is what differentiates superior performance from the rest.

So what does Standard Chartered actually do differently to other organisations? Well StrengthsFinder wasn’t designed for recruitment purposes, but it can be used to ensure good role fit and that’s exactly what has contributed to Standard Chartered’s success.The essentials for a salesperson, for example, are good product knowledge and to be able to negotiate and close a deal. But if the salesperson has the additional talents of competitiveness and building rapport with customers, they can become a world-class performer. Not only does Standard Chartered look for specific skills and knowledge, they take innate talents into account too.

It has to be said that there are several definitions of a strength, and the one used here is based on Gallup’s research. The VIA-IS or CAPP definitions are different; as always you need to be clear what you are trying to measure.

Standard Chartered also focuses on building employee engagement, and like Royal & SunAlliance which we featured here, they take volunteering seriously, offering two days paid leave for staff to contribute to voluntary organisations.

What the Standard Chartered story shows is that focusing on strengths can make a big difference to the business and to the people who work there. And applying Positive Psychology at work shouldn’t be something you do in addition to everything else. Look at your existing people-related processes (e.g. recruitment, development, coaching, mentoring and so on) and see how a strengths-approach would make a positive contribution.

Oct 20
Standard Chartered’s business case for focusing on employee strengths

According to Debbie Whitaker, Standard Chartered’s Head of Sustainability, ‘everyone has talents that we wish to leverage’.

This is a bold statement, considering Standard Chartered is a bank with over 60,000 employees in 56 countries. Their reasons for focusing on talent are fourfold:

i) greater growth potential
ii) better people performance
iii) increased employee engagement and
iv) attracting and retaining talent.

Many big organisations are sceptical of applying Strengths at work, yet Standard Chartered’s experience shows that it can make sound business sense.

A strengths-based approach to management has been operating in the organisation for the past 7 years, using Gallup’s StrengthsFinder tool. Whitaker describes a strength as the combination of talent, skill and knowledge, which motivation can transform into world-class performance. In her words, given equal skills and knowledge, talent is what differentiates superior performance from the rest.

So what does Standard Chartered actually do differently to other organisations? Well StrengthsFinder wasn’t designed for recruitment purposes, but it can be used to ensure good role fit and that’s exactly what has contributed to Standard Chartered’s success.The essentials for a salesperson, for example, are good product knowledge and to be able to negotiate and close a deal. But if the salesperson has the additional talents of competitiveness and building rapport with customers, they can become a world-class performer. Not only does Standard Chartered look for specific skills and knowledge, they take innate talents into account too.

It has to be said that there are several definitions of a strength, and the one used here is based on Gallup’s research. The VIA-IS or CAPP definitions are different; as always you need to be clear what you are trying to measure.

Standard Chartered also focuses on building employee engagement, and like Royal & SunAlliance which we featured here, they take volunteering seriously, offering two days paid leave for staff to contribute to voluntary organisations.

What the Standard Chartered story shows is that focusing on strengths can make a big difference to the business and to the people who work there. And applying Positive Psychology at work shouldn’t be something you do in addition to everything else. Look at your existing people-related processes (e.g. recruitment, development, coaching, mentoring and so on) and see how a strengths-approach would make a positive contribution.

Oct 20
Standard Chartered’s business case for focusing on employee strengths

According to Debbie Whitaker, Standard Chartered’s Head of Sustainability, ‘everyone has talents that we wish to leverage’.

This is a bold statement, considering Standard Chartered is a bank with over 60,000 employees in 56 countries. Their reasons for focusing on talent are fourfold:

i) greater growth potential
ii) better people performance
iii) increased employee engagement and
iv) attracting and retaining talent.

Many big organisations are sceptical of applying Strengths at work, yet Standard Chartered’s experience shows that it can make sound business sense.

A strengths-based approach to management has been operating in the organisation for the past 7 years, using Gallup’s StrengthsFinder tool. Whitaker describes a strength as the combination of talent, skill and knowledge, which motivation can transform into world-class performance. In her words, given equal skills and knowledge, talent is what differentiates superior performance from the rest.

So what does Standard Chartered actually do differently to other organisations? Well StrengthsFinder wasn’t designed for recruitment purposes, but it can be used to ensure good role fit and that’s exactly what has contributed to Standard Chartered’s success.The essentials for a salesperson, for example, are good product knowledge and to be able to negotiate and close a deal. But if the salesperson has the additional talents of competitiveness and building rapport with customers, they can become a world-class performer. Not only does Standard Chartered look for specific skills and knowledge, they take innate talents into account too.

It has to be said that there are several definitions of a strength, and the one used here is based on Gallup’s research. The VIA-IS or CAPP definitions are different; as always you need to be clear what you are trying to measure.

Standard Chartered also focuses on building employee engagement, and like Royal & SunAlliance which we featured here, they take volunteering seriously, offering two days paid leave for staff to contribute to voluntary organisations.

What the Standard Chartered story shows is that focusing on strengths can make a big difference to the business and to the people who work there. And applying Positive Psychology at work shouldn’t be something you do in addition to everything else. Look at your existing people-related processes (e.g. recruitment, development, coaching, mentoring and so on) and see how a strengths-approach would make a positive contribution.

Mar 2
Children, well-being and leadership

I was alarmed to read in the Times on 14 February 2007 that Britain’s children are the least happy in the Western World . This is the conclusion of a UNICEF study across 21 industrialised nations in Western Europe.

Professor Jonathan Bradshaw of the University of York, one of the authors of the report, links these results to child poverty.Between 1979 -1999 child poverty in the UK rose rapidly (from 14% to 33%) , the numbers of children living with unemployed parents/carers rose rapidly and the numbers of children not in education and training also rose.

In March 99, the government set a target to eradicate child poverty by 2020, and to reduce child poverty by one million (i.e. 25%) between 1998 and 2005; however it missed this target by 300,000, achieving only a 17% reduction. In 2007, child poverty in the UK is still double the rate it was in 1979 (27% vs 14%). For further details, see this report by the Child Poverty Action Group.

Professor Bradshaw goes on to say that the main reason for Britain’s overall well-being rating, which is lower than relatively poorer / less developed countries like the Czech Republic, Greece, Poland and Hungary is inequality; he states that ‘the more unequal a society, the relatively deprived people will feel’. In other words, it’s the comparison effect. There is plenty of research (e.g. Michalos (1985), Myers (1992), Wood (1996), Buss (2000)) on the effect of comparison, and in particular how comparing yourself with others less fortunate (downward comparison) can make you feel good, whereas comparing yourself with others more fortunate (upward comparison) has a negative effect on your well-being.

Vital though it is to eradicate child poverty, I don’t believe that the answer is that simple -  for a start there is plenty of research which shows that, above a level to meet basic needs, more money really doesn’t make you happier.

In commenting on this UNICEF study, Dr Tony Sewell, director of the charity Generating Genius, wrote in the Independent on Sunday (18 February 2007) , that ‘one of the major problems is a lack of sympathetic adults, whether they are role models or just sounding boards’. There is definitely some truth in what he is saying, and I know that Jenny, who has experience of mentoring young people for Oxfordshire County Council, agrees.

My own view, based on casual observation of adult/parent/child relationships in the 13 Western European countries I have visited, is that it has a great deal to do with the culture of the country and societal norms and values with respect to parenting, family life and having children. In the UK generally we seem to have a different relationship with our children than other WE countries, and furthermore, parenting is not a highly valued activity in our society. Has the UK attitude really moved on from the time when children should be seen and not heard? It would seem that children are not, generally speaking, treated as individuals in their own right and included in adult life in the UK; instead they are treated as belongings, things which can be and should be controlled by adults. I’m not an advocate for allowing children unrestrained freedom of choice, however; there is considerable research (e.g. Schwartz 2000) that finds this is equally damaging to well-being.

In the countries I’ve visited, children tend to be better integrated into adult life, are given consideration and guidance by other adults, and are frequently encouraged to engage in a positive way with adults, including those other than their parents/carers, for example teachers, youth leaders, mentors, neighbours and so on.

So if we want to increase child wellbeing in the UK, getting rid of poverty is only part of the answer. There is also an important question about whether our culture and societal norms and values about parenting and children need to change too. And in the words of Tony Sewell, perhaps we need to ‘show our children some leadership.

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