What number would you put on workplace democracy? The answer according to this new academic paper, http://www.iza.org/index_html?lang=en&mainframe=http%3A//www.iza.org/en/webcontent/publications/papers/viewAbstract%3Fdp_id%3D5460&topSelect=publications&subSelect=papersWorkplace Democracy in the Lab, is nine.
Nine percent is the productivity uplift, or ‘effective effort’, that comes when people have a say in setting their own framework of rewards.
The cult of the heroic CEO is now badly tarnished. Anyone for a new culture of heroic teamwork?