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WON 4 14 GU NMI Energize Engage-- Building Inclusive Organizations(1).pptx

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WON 4 14 GU NMI Energize Engage-- Building Inclusive Organizations(1).pptx

  1. 1. Energize and Engage: How Inclusion Supercharges Employee Satisfaction and Performance Dianna Gould, SPHR, CAE Guam and CNMI - April 2014
  2. 2. 2 WHAT IS ENGAGEMENT? Source: Employee Engagement Report 2011, BlessingWhite • Employee Engagement happens when two different, but connected things happen: – An employee’s personal satisfaction in their role – His/her contribution to the organization’s success • When these two forces align, both the individual and the organization benefit in both the short and long term
  3. 3. 3 BUSINESS CASE FOR INCLUSION AND ENGAGEMENT 1. Global demographic shifts 2. Attracting the best talent 3. Employee retention and increased productivity 4. Greater flexibility, agility, and innovation 5. Contributes to company performance; competitive advantage
  4. 4. 4 INCLUSION DEFINED The achievement of a work environment in which all individuals are treated fairly and respectfully; have equal access to opportunities and resources; and can contribute fully toward an organization’s success.
  5. 5. The collective mixture of differences and similarities that includes for example, individual and organizational characteristics, values, beliefs, experiences, backgrounds, preferences, and behaviors. A few examples include: 5 Race/Color Gender Age Education Socio-economic Status Ethnicity Native born/non native Geographic Location Military Experience Parental Status Smoker/Non smoker Thinking Styles Work Background Religion Functional Specialty Communication Style Marital Status Beliefs Culture Values Behaviors Visible Diversity Traits Invisible Diversity Traits Sexual Orientation Physical Abilities/Qualities Personality Level in Organization Physical Attributes WORKFORCE DIVERSITY DEFINED
  6. 6. THE GLOBAL WORKFORCE IS CHANGING 6  Aging Population  Women  People With Disabilities  LGBT  Religious Diversity  Immigration  4/5 Generations  Skill/Education/Socio- Economic Gaps  Cultural Competence  Leadership Changing Workforce Demographics
  7. 7. 76% CEOs are making changes to their strategy for managing talent. More than 80% expect to grow operations in Asia and South America 59% say they see emerging markets as more important than developed markets to their future. 53% of CEOs see lack of key skills as a major challenge. 31% of employers worldwide find it difficult to fill positions What Keeps CEOs up at Night Global Talent Shortages Sources: Forbes Insights. “Global Diversity and Inclusion: Fostering Innovation Through a Diverse Workforce” July 2011; PWC 15th Annual Global CEO Survey 2012 WHAT’S TOP OF MIND FOR CEOS? 7
  8. 8. PWC 2013 Global CEO Survey 97% of global CEOs believe that having the right talent is the most critical factor for business growth WHAT’S TOP OF MIND FOR CEOs? 8
  9. 9. JOB SATISFACTION IS DECLINING 9 Percent U.S. Job Satisfaction is Declining Conference Board survey, January, 2010 Employee Engagement
  10. 10. 10 JOB SATISFACTION IS DECLINING U.S. Job Satisfaction, by Age, 2009 vs. 1987 1/27/2023 70.8 59.3 60.9 60.9 60.2 55.7 43.4 45.6 46.8 43.4 47.2 35.7 65 & Over 55-64 45-54 35-44 25-34 Under 25 2009 1987 Conference Board Survey, January 2010
  11. 11. EMPLOYEE ENGAGEMENT Engagement Levels Disengaged Actively engaged Actively disengaged Source: Gallup Management Journal's semi-annual Employee Engagement Index
  12. 12. EMPLOYEE ENGAGEMENT Engagement Levels Disengaged Actively engaged Actively disengaged 54% 17% 29% Source: Gallup Management Journal's semi-annual Employee Engagement Index
  13. 13. EMPLOYEE ENGAGEMENT Globally, just 35% of workers are highly engaged 1/27/2023 Source: Towers Watson Global Workforce Study on Engagement, 2012 Highly Engaged Unsupported Detached Disengaged 35% 22% 17% 26% 13
  14. 14. EMPLOYEE ENGAGEMENT Lack of employee engagement costs US businesses $350 billion annually Employees who were most committed to their organizations gave 57% more effort and were 87% less likely to resign than employees who consider themselves disengaged 14
  15. 15. Money? Benefits? A fancy office? WHAT REALLY MOTIVATES WORKERS?
  16. 16. WHAT REALLY MOTIVATES WORKERS? The real motivators for 21st century workers are: 1. AUTONOMY – the urge to direct our own lives 2. MASTERY – the desire to get better and better at something that matters 3. PURPOSE – the yearning to do what we do in service to something larger than ourselves Source: The surprising science of motivation, Daniel Pink, TED Talks Global, 2009
  17. 17. TOP DRIVERS FOR JOB SATISFACTION Opportunities to apply one’s talents Opportunities to succeed Opportunities to learn Top drivers for contribution are more varied, reflecting each employee’s circumstances (e.g., region, age, function, etc.) Source: Employee Engagement Report 2011, BlessingWhite
  18. 18. TOP ASPECTS CONTRIBUTING TO EMPLOYEE ENGAGEMENT IN 2011 • 83% of employees said that they are determined to accomplish their work goals and confident they can meet their goals. • 76% of employees reported satisfaction with their work and their relationship with their co-workers. • 74% of employees were satisfied with opportunities to use their skills and abilities at work. • 73% of employees said their relationship with their immediate supervisor was a contributor to their level of engagement. • 71% of employees were satisfied with how their work contributed to their organization’s business goals. Source: SHRM 2011 Employee Job Satisfaction and Engagement Report
  19. 19. THE ROI OF EMPLOYEE ENGAGEMENT • High-engagement firms had total shareholder return that was 19% higher than average in 2009. In low-engagement organizations, total shareholder return was actually 44%.1 • “Organizations with comparatively high proportions of engaged employees were much less likely to see a decline in [earnings per share] in 2008, the year after the recession officially began.”2 • “An analysis of the Best Companies to Work for in America indicated that “high levels of employee satisfaction generate superior long-horizon returns.”3 Sources: 1) Hewitt Associates; 2) The Gallup Organization; 3)Wharton Business School
  20. 20. BENEFITS OF HIGH EMPLOYEE ENGAGEMENT 20 Source: Watson Wyatt’s 2008/2009 WorkUSA report, Driving Business Results through Continuous Engagement. Shareholder Return Productivity Performance Absenteeism Turnover Support and Resiliency
  21. 21. 21 Priority Areas of Focus “Why it Matters” Leadership  Is effective at growing the business  Shows sincere interest in employees’ well-being  Behaves consistently with the organization’s core values  Earns employees’ trust and confidence Stress, balance and workload  Manageable stress levels at work  A healthy balance between work and personal life  Enough employees in the group to do the job right  Flexible work arrangements Goals and objectives Employees understand:  The organization’s business goals  Steps they need to take to reach those goals  How their job contributes to achieving goals TOP 5 DRIVERS OF SUSTAINABLE ENGAGEMENT AND RETENTION
  22. 22. 22 Priority Areas of Focus “Why it Matters” Supervisors  Assign tasks suited to employees’ skills  Act in ways consistent with their words  Coach employees to improve performance  Treat employees with respect Organization’s image  Highly regarded by the general public  Displays honesty and integrity in business activities TOP 5 DRIVERS OF SUSTAINABLE ENGAGEMENT AND RETENTION
  23. 23. How many people voluntarily leave organizations due to perceived unfairness each year? POP QUIZ 23 Retaining Top Talent
  24. 24. EMPLOYEE RETENTION 24 Source: Level Playing Field Institute, “The Corporate Leavers Survey,” 2007, LPFI.org  Each year, more than 2 million people voluntarily leave organizations due to perceived unfairness  This trend costs U.S. corporations $64 billion each year Retaining Top Talent
  25. 25. KEY STRATEGIES FOR RETAINING TOP TALENT 25  Hire slow; hire the retainable  Don’t just fill jobs, build careers  Make retention strategies personal---not one size fits all  Closely examine underperformance  Invest in line leadership development  Allow more flexibility  Offer meaningful and challenging work  Listen to employee comments and respond in a timely manner  Encourage /reward diversity of thought, innovative ideas, and problem solving  Provide frequent and balanced feedback/coaching  Update technology systems  Conduct “stay” interviews
  26. 26. KEY STRATEGIES FOR RETAINING TOP TALENT 26
  27. 27. 27 In order to achieve an inclusive and high performing workplace you must have… Effective Leadership
  28. 28. 28 • Leadership is influence. It usually involves influencing employees, members, or "followers" of some sort to carry out the goals of the company, organization, or group. • The knowledge, attitudes, and behaviors used to influence people in order to achieve a desired mission. • The key words in this definition are "people" and "mission," that is what leadership is about--getting people to buy into a mission or vision so that they work to make it happen. • Leaders are different from managers. • New leadership models/competencies/behaviors required for the 21st century workforce. LEADERSHIP
  29. 29. 21st Century Leadership for a 21st Century Workforce 29
  30. 30. 30 Leadership Question 1-- What is the biggest mistake leaders make when working with others? Question 2 – What is the most critical skill a leader can possess when working with others?  Question 3 -- What are the top five things leaders often fail to do when working with others.
  31. 31. 31 Leadership Question 1 What is the biggest mistake leaders make when working with others?
  32. 32. 32 LEADERSHIP Question #1 What is the biggest mistake leaders make when working with others?  Inappropriate use of communication or listening 41%  Under or over supervising, direction or delegation 27%  Lack of management skills 14%  Lack of support/inappropriate support 12%  Lack of accountability 5%
  33. 33. 33 Leadership Question 2 What is the most critical skill a leader can possess when working with others?
  34. 34. 34 LEADERSHIP Question #2 What is the most critical skill a leader can possess when working with others?  Communication/listening 43%  Effective management skills 17%  Emotional intelligence and empathy 15%  Values and integrity 8%  Vision 6%  Empowerment 6%
  35. 35. 35 LEADERSHIP Question 3 What are the top five things leaders most often fail to do when working with others?
  36. 36. 36 LEADERSHIP – Question 3 What are the top five things that leaders most often fail to do when working with others? 1. Failing to provide appropriate feedback (praise, redirection) 82% 2. Failing to listen to or involve others in the process 81% 3. Failing to use a leadership style that is appropriate to the person, task, and situation 76% 4. Failing to set clear goals and objectives 76% 5. Failing to train and develop their people 59%
  37. 37. 37 COMMON MISTAKES LEADERS MAKE Micromanaging Lack of vision and inability to communicate it effectively Takes the credit but gives the blame Lacks accountability “My way or the highway” Provides little/no feedback or coaching Shows favoritism Treats everyone the same Task focused vs. team-oriented Embraces the status quo Selects and leads based on “like me” Ignores diversity of thought or varying opinions
  38. 38. 38 COMPETENCIES OF A 21ST CENTURY LEADER Adaptability Passionate Educated Knowledgeable Risk Taker Strategic (visionary) Inspirational Courageous Decision-maker Empowering People Skills Technologically savvy Team-oriented Accountable Innovative Thinker Trustworthy/Trusting Results-oriented Authenticity & transparency Self-Awareness Keeps it fun
  39. 39. 39 10 BEST PRACTICES FOR INCREASING INCLUSION AND EMPLOYEE ENGAGEMENT 1. Clear compelling direction and vision that empowers employees. 2. Align and support strategic goals. 3. Focus employees at all levels on the customer. 4. Don’t just talk the talk, but walk the talk. 5. Engage in open and honest communication— overcommunicate.
  40. 40. 40 BEST PRACTICES FOR INCREASING INCLUSION AND EMPLOYEE ENGAGEMENT 6. Maintain a focus on career growth and development. 7. Increase cultural competence. 8. Recognize and reward high performance. Know what motivates your people. 9. Practice the Platinum Rule. 10. Build inclusion into all of your business processes.
  41. 41. 41 EXAMPLES OF GREAT PLACES TO WORK
  42. 42. 42 QUESTIONS/COMMENTS 1/27/2023 Thank you for your participation  : @SHRMDianna  : Dianna Gould  Email: Dianna.gould@shrm.org

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