Louis Chenevert was born in 1958 in Canada. He attended the Universte de Montreal where he studied business administration and graduated with a bachelor’s degree in 1979.He is currently a Canadian businessman, Chief Executive Officer and chairman of the United Technologies Corporation. Louis spent a period of 14 years serving as a production manager in a company called General Motors’ St. Theresa. It was after this that he joined Pratt & Whitney in 1993 where he once served as the President between 1999 and 2006. After leaving Pratt & Whitney, Louis joined his current working company in 2006 and became the President and CEO to date. Apart from being the CEO in his company, he holds different top positions in a bunch of companies. For instance, he is a member of the notable US-India CEO Forum. Additionally, Louis serves as one of the Board of Directors at Cargill and the Chairman of the known Yale Cancer Center’s Advisory Board among others.
Mr . Louis Chenevert believes that the best way to make improvements in your business is by investing in your employees. He goes ahead to give several reasons for this. First, you are well conversant with the people who work for you and you are aware of the things they can handle and those they cannot. There must be that employee with good skills and would double your company’s profit if promoted. You just need to show some interest in their lives. Hiring a new person will cost you a lot of time for training for him to adapt into the new environment. According to Louis, this is a risk you could have avoided by promoting one of your highly skilled employees. Not only will this add profit to your company, but other employees will develop some hope of being promoted and work harder, which means lots of profit will be incurred.
On investing in your employees, Louis continues to pinpoint some of the ways you can do that. You need to make your workplace a place where the employee can enjoy spending 8 hours of his day. Ensure that they are always looking forward to come the following day. To add morale to them, Louis advices employers to recognize the hardworking employees and reward them. Spend some extra money on them rather than buying a fancy coffee maker and placing it in your office. This will bring you closer to them and they will appreciate it and enjoy working for you every other day.