Employee Empowerment: Possible approaches and examples of success and failure
Empowering an organisation’s employees can serve to motivate, boost productivity, reduce absenteeism and support staff retention. It can help establish and maintain a successful working environment, too. That’s why LISI’s Impact Term Sheet incorporates employee incentives aligned with the shared vision of both the investor and investee company.
Employee empowerment is a management philosophy that emphasises the importance of giving employees the autonomy,resources and support they need to act independently, and to be held accountable for their decisions (Hirsch, 2020). But how can this be put into practice?
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