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Implementation of high impact Employee Motivation and Engagement strategies and adoption of related best practice guidelines

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STRATEGIC WORKFORCE PLANNING

HIGH IMPACT MOTIVATION AND EMPLOYEE ENGAGEMENT STRATEGIESCHARLES COTTER

7 FEBRUARY 2014PIVOT CONVENTION CENTRE, MONTECASINO

Performance Equation

Conventional Wisdom regarding motivation Fact or Fiction? Corresponding best practice guidelines.

Diagnosis of current levels of employee motivation

Interesting statistics motivation and engagement

3 Key components of motivation

Motivational Divide

F-O-R-E Motivational strategies

Defining employee engagement

Key drivers of employee engagement

Strategies to develop employee engagement

Best practice guidelines

KEY PRESENTATION TOPICS

WHO WOULD YOU EMPLOY FOR HIGH OCTANE PERFORMANCE DELIVERY?CANDIDATE ACANDIDATE B

PERFORMANCE = R x A x M x B x O

RESOURCES

ABILITY

MOTIVATION

BEHAVIOUR

OPPORTUNITY PERFORMANCE EQUATION

In order to leverage and harness improved levels of performance, business leaders need to focus on all 5 of these areas to get the best and most out of their team members

MANAGEMENT LESSON - PERFORMANCE EQUATION

Motivation refers to the processes that account for an individuals willingness to exert high levels of effort to reach organizational goals, conditioned by the efforts ability to satisfy some individual need.

Motivation can be defined as the factors which energize, direct and sustain employee behaviour.

Motivation is defined as the process that initiates, guides and maintains goal-oriented behaviours. It involves the biological, emotional, social and cognitive forces that activate behaviour.

DEFINITION OF MOTIVATIONOrganizations with highly motivated employees tend to be:

More profitableExperience lower staff turnoverDeliver higher levels of customer service and productivityBenefit from greater innovation

THE VALUE OF MOTIVATIONINSIDE JOB - A motive is an inner drive, stimulus or incentive to satisfy a human need of some kind.

CUSTOMIZATION - People differ from one another and no one has the same needs so people will be motivated differently. Different strokes for different folks.

CITIZEN KANE Employees who experience a heightened sense of emotional connection with the organization, demonstrate higher levels of motivation.

MONEY MYTH financial rewards are more of a mover than a motivator

CONVENTIONAL WISDOM REGARDING MOTIVATION FACT OR FICTION?Business Leaders and Managers need to transform from applying Compliance-driven (extrinsic) motivational strategies to Commitment-driven (intrinsic) strategies

Business Leaders and Managers need to adopt a targeted (rifle) approach and not a hit and miss (shotgun) approach to employee motivation one size fits all is inappropriate

Business Leaders and Managers need to transform employees into associates (sense of ownership) and brand/company ambassadors

Business Leaders and Managers need to develop a bouquet of recognition-oriented strategies and de-emphasize the value of monetary rewards

MANAGEMENT LESSON CONVENTIONAL WISDOM REGARDING MOTIVATION

WHAT MOTIVATES EMPLOYEES?

#1 Job and Organizational Cultural Fit

#2 Conducive Work Environment

#3 Policies, procedures and work practices

#4 Trust and Relationship Management

#5 Meaningful Work and Responsible Tasks

DIAGNOSE CURRENT LEVELS OF MOTIVATION - GENERIC MOTIVATIONAL STRATEGIES-11#6 Participatory Management and Leadership practices

#7 Performance Feedback and Recognition

#8 Customized Rewards

#9 Career, Learning and Development opportunities

#10 Employee Engagement

DIAGNOSE CURRENT LEVELS OF MOTIVATION - GENERIC MOTIVATIONAL STRATEGIESOnly 18% of employees are satisfied with their jobs

Only 10% of employees look forward to going to work everyday

70% of the workforce are more motivated by (favour) non-monetary rewards

79% of employees who resign cite a lack of appreciation as the main reason

Only 12% of employees actually leave for more money

MOTIVATION INTERESTING STATISTICS

20% of employees are actively seeking new jobs

83% of executives and 84% of employeesrank having engaged and motivated employees as the top factorthat substantially contributes to a companys success

There is a correlation between employees who say they are happy at work and feel valued by their company, and those who say their organization has a clearly articulated and lived cultureMOTIVATION INTERESTING STATISTICS

MOTIVATIONAL APPROACHESCARROTSTICK

MCCLELLANDS LEARNER NEEDS THEORY

VROOMS EXPECTANCY THEORY

ALDERFERS ERG THEORY SELECTED MOTIVATIONAL MODELS

According to Hackman & Oldham:

Skills variety

Task identity

Task significance

Autonomy

FeedbackMEANINGFUL WORK - JOB CHARACTERISTICS MODEL

EMPLOYEE

MANAGER

(WORK) ENVIRONMENT3 KEY COMPONENTS OF MOTIVATIONGender

Generational

Cultural

Occupational

Perceptual (Managers and Employees)

THE MOTIVATIONAL DIVIDE

GENDER DIVIDE

BABY BOOMERS

GENERATION X

GENERATION Y

PSYCHOLOGOCAL CONTRACT - DIFFERING VALUE SYSTEMS AND EXPECTATIONS

GENERATIONAL DIVIDEAFRO-CENTRIC

EURO-CENTRIC

HOFSTEDES NATIONAL CULTURAL DIMENSIONSCULTURAL DIVIDE

DIVERGENT OCCUPATIONAL CATEGORIES

BLUE-COLLAR JOBS

WHITE-COLLAR JOBSOCCUPATIONAL DIVIDE

PERCEPTUAL GAP

NAVIGATOR

ACTIVATOR

MOBILIZER

COACH

GUARDIAN5 PIVOTAL LEADERSHIP ROLES TO OPTIMIZE EMPLOYEE MOTIVATION

FUN

OPPORTUNITIES FOR GROWTH

RECOGNITION

EMPLOYEE ENGAGEMENTESCALATING MOTIVATION TO THE F-O-R-E

90% of employees find a fun working environment very/extremely motivating

Collegial working relations - 80% of employees value working for people that they like

Technology-enabled Gamification - 70% of Forbes Global 2000 companies are using gamified platforms as a way to boost employee engagement, retention, and revenues

Objective: Design an Industrial Playground

Conducive and Positive Work Environment

Celebrating work success and creating corporate Rituals

FUN

Retention - 76% of employees cited opportunities for growth were the top reason why they stayed in organizations. In every age and demographic category, opportunities for growth were more of a motivating reason to stay in an organization than pay increases

Managers should apply a strengths-based approach to employee development

Establish a Learning Organization, climate and culture

Learning, Development and Empowerment Opportunities

Career Development and Advancement

Mentoring and Coaching

Creativity and Innovation through Action Learning

Collaboration

OPPORTUNITIES FOR GROWTH

40% of employees who do not meaningfully feel recognized will not go above and beyond their formal work responsibilities to get the job done. 86% of those who feel recognized will.

83% of employees cited recognition for contributions is more fulfilling than rewards and gifts.

Type of recognition matters 68% favoured individual above team-based recognition; 88% found recognition from their managers as very/extremely motivating and 76% found praise from peers as very/extremely motivating.

Recognition strategies

RECOGNITION

Engagement happens when people are committed to their work and the organization and motivated to achieve high levels of performance

Engaged employees at work are positive, interested in and even excited about their jobs and are prepared to put discretionary effort into their work beyond the minimum to get it done

Say

Stay

Strive

DEFINING EMPLOYEE ENGAGEMENT

71% of employees are disengaged

Highly engaged employees are 26% more productive than disengaged employees

Companies earned 13% greater total returns for shareholders over a 5-year financial period

90% of leaders think an engagement strategy will impact business success

Only 40% of the workforce knew about their companys goals, strategies and tactics

EMPLOYEE ENGAGEMENT INTERESTING STATISTICS71% of employees are disengaged:

45% are not engaged

26% are actively disengaged

29% of the workforce are engagedCURRENT DEGREE OF EMPLOYEE ENGAGEMENTTHE VALUE OF EMPLOYEE ENGAGEMENT

According to Gallup (2013), employers can reap the following benefits of an engaged workforce:

202% better performance$11 billion is lost annually due to employee turnover Direct correlation to 9 key business performance indicators

BENEFITS OF EMPLOYEE ENGAGEMENT

Are employees COMMITTED to the organization?

Are employees proud to work for the organization company/brand ambassadors? CITIZEN

Do employees put forth extra/discretionary effort to help the organization and their colleagues achieve business objectives? COMRADE

Are employees enthusiastic and passionate about their work/jobs? CREATOR

Are employees CONNECTED (intellectually and emotionally) to their work/jobs offer value add?

MEASUREMENT OF EMPLOYEE ENGAGEMENT - 5c INDICATORS Engaged

Not Engaged

Actively Dis-Engaged

TYPES OF ENGAGED EMPLOYEES

What do I get?

What do I give?

Do I belong?

How can we grow?FOUR STAGES OF EMPLOYEE ENGAGEMENT

According to Dale Carnegie research:

Relationship with the immediate supervisor

Senior

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