It is common knowledge that employees’ motivation and sense of identification are key to a company’s success. The difference between companies lies in the energy with which these aspects are actually lived out. In this chapter, we look at employees and corporate culture. The growth of the hidden champions means they create numerous new jobs, particularly in foreign markets and for highly qualified employees. How do the hidden champions approach factors such as performance, sickness, employee turnover, and flexibility? We will see that they practice traditional values. Scant human resources and decentralization ensure high productivity and performance transparency. The hidden champions’ predominantly rural locations create a special relationship between employers and employees. Recruiting highly qualified employees in a global context presents the hidden champions with new challenges.
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Notes
- 1.
It may be that without the new jobs abroad, more jobs would have been created at home.
- 2.
John Naisbitt, Mind Set! Reset Your Thinking and See the Future, New York: Harper Collins 2006.
- 3.
In the United States separations rates are reported on a monthly basis, see US Department of Labor www.dol.gov, www.bls.gov. Separations are terminations of employment that occur at any time during the course of the month. Over the years, the separations rates are at about 3% per month. We calculated the annual separations rate not by multiplying 3% by 12, but raising (1.0-0.03)=0.97 to the twelfth power, yielding an annual rate of 30.6%
- 4.
See Fortune, April 2, 2007, p. 19.
- 5.
Happiness is always on the other side of the river.
- 6.
See Cyril Northcote Parkinson, Parkinson’s Law: Or the Pursuit of Progress, 1957. The law says that work expands to fill the time available for it, or in another version: employees make work for each other to fill the time.
- 7.
See Günter Rommel, Felix Brück, Raimund Diederichs and Rolf-Dieter Kempis, Simplicity Wins, Boston: Harvard Business School Press 1995.
- 8.
VDI News, March 16, 2007.
- 9.
Bayerisch-Schwaebische Wirtschaft, 1/2008, p. 95.
- 10.
Bayerisch-Schwaebische Wirtschaft, 1/2008, p. 95.
- 11.
Deutsches Institut für Betriebswirtschaft (DIB), Ideenmanagement/BVW in Deutschland, DIB-Report 2005, Frankfurt, April 2006.
- 12.
Süddeutsche Zeitung, April 21, 2007.
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© 2009 Hermann Simon
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Simon, H. (2009). Employees. In: Hidden Champions of the Twenty-First Century. Springer, New York, NY. https://doi.org/10.1007/978-0-387-98147-5_9
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