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Filene: The Importance of CEOs Related to High Performance of Employees
Thursday, June 4, 2015 6:35 AM

Every day in June, Filene Research Institute will post compelling observations from one of their hundreds of reports. You can download the full report for more insights that will help you better plan, act, and lead your credit union.

One report of interest to credit union leadership is "Leading for Credit Union Success: The Roles of Personality and Practices in CEOs" from Murray Barrick, PhD, Texas A&M University.

The report says that in these increasingly competitive times, credit unions need to have the best possible understanding of what a good CEO looks like and how to best develop a leadership approach.

Barrick surveyed a cross section of employees ranging from entry level to C-suite at 84 credit unions across the United States and Canada. Each survey participant evaluated the CEO’s personality, critical executive competencies, leadership behaviors, and performance. Following are just some of the items touched on that suggest the importance of CEOs being engaged with employees to encourage high performance:

  • CEO personality matters (even more than ability).
  • Not all abilities are created equal.
  • Smarter hiring can make a difference.
  • CEOs can change abilities and temper personality.
  • It’s important to engage employees—but more critical to have a good CEO.
  • High-performance work practices are not as important as you think.

For more on this report, go to Filene's website.