Louis R. Chênevert Insights on How to Invest on Your Employees

Louis R. Chênevert is the chairperson and the CEO of a firm known as United Technologies Corporation. He was appointed the president and the CEO in April 2008 and Jan 2010 respectively. Prior to these appointments, he served as the COO and Director at United Technologies. From the year 1999 to March 2006, Louis worked as the President of Pratt and Whitney companies and prior to joining this organization, he was the Production General Manager of General Motors.

Louis R. Chênevert is also a member of the Business Roundtable executive committee where he is the chairperson of the Tax and Monetary policies Committee. He studied at the HEC University where he graduated with a bachelor’s degree in commerce in production management. Louis also chairs the Montreal’s International Consultative Board of HEC. He is also the founding father and the chairperson of the central board of Associates of HEC Montreal.

The CEO of United Technologies has invested a lot in his employees. Some think of investing in modern technology while some will look for expatriates outside the organization. However, Louis R. Chênevert thinks that firms should focus on improving their current labor force. According to him, investing in your employees have numerous benefits. First, the management team can be able to tell what their employees can handle and what they can’t handle. The other benefit is that the firm may acquire their own highly skilled labor force if some of these employees are taken through some training.

Louis R. Chênevert also highlighted various ways of investing in your labor force. First, the firm should make should provide a conducive environment for workers. The employees should take delight in working at their respective workstations. The firm should ensure that there is no Negative Nancie’s whose work is to intoxicate the working environment. It should also create areas where employees can have fun together.

This is likely to motivate the workers thus promoting their productivity. Secondly, firms are supposed to recognize those employees who show exemplary performance. This will greatly motivate them as they will feel appreciated for their work. The firm can come up with the end of the month rewards or even more rewards in one month.