retaining & motivating employees - tmgma › resources › 2018 spring conference... ·...

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1 1 Copyright 2017 State Volunteer Mutual Insurance Company Hire, Retain & Motivate the Best Employees 2 Objectives 2 Identify the factors that frustrate and drive away good employees Define steps to retain and motivate employees Articulate the cultural values important to employees Categorize coworker personality and generational differences and how to work with each 3 3 Running off the good ones

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Page 1: Retaining & Motivating Employees - TMGMA › resources › 2018 Spring Conference... · Traditionalists Baby Boomers Xers Millenials Zs Pew Research Center 05.11.2015 29 Generational

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1

Copyright 2017 State Volunteer Mutual Insurance Company

Hire, Retain & Motivate

the Best Employees

2

Objectives

2

Identify the factors that

frustrate and drive away

good employees

Define steps to retain and motivate

employees

Articulate the cultural values

important to employees

Categorize coworker

personality and generational

differences and how to work with each

33

Running off the good ones

Page 2: Retaining & Motivating Employees - TMGMA › resources › 2018 Spring Conference... · Traditionalists Baby Boomers Xers Millenials Zs Pew Research Center 05.11.2015 29 Generational

2

4

Why Good Employees Quit

Overwork people

Do not recognize contributions & reward good

work

Do not care about employees

Do not honor commitments

Hire & promote wrong people

Fail to develop people’s skills

Fail to engage creativity

Fail to challenge intellectually

4

5

Translation

Bad Bosses

66

Hire, Retain & Motivate

Page 3: Retaining & Motivating Employees - TMGMA › resources › 2018 Spring Conference... · Traditionalists Baby Boomers Xers Millenials Zs Pew Research Center 05.11.2015 29 Generational

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7

The Process

Hire the right people

Attitude

Do not settle

Pay a fair wage

Train them

Onboarding

What

How

Why

Establish expectations

Job description

Code of Conduct

Empower them

Give them the tools

Feedback

Legitimate performance reviews

7

8

Interviewing

If you've previously reported to multiple supervisors at the same time, how did you

get to know each person's preferences and juggle conflicting priorities?

Tell me about a workplace conflict you were involved in, either with your peers or

someone else in the company. How did you manage that conflict, and were you

able to resolve it?

Describe the most challenging supervisor you've ever worked with. What was the

most difficult thing about that relationship from your perspective, and how did you

manage it?

What would a previous boss say is the area that you need to work on most? Have

you taken steps to improve in this area, and if so, what have you tried to change?

Tell me about a day when everything went wrong. How did you handle it?

What type of working environment brings out your best performance? Your worst?

If business priorities change, describe how you would help your team understand

and carry out the shifted goals?

8

9

Pay Attention

Failure

Teamwork

Interaction

Genuinely interested

Body language

Advancement

9

Page 4: Retaining & Motivating Employees - TMGMA › resources › 2018 Spring Conference... · Traditionalists Baby Boomers Xers Millenials Zs Pew Research Center 05.11.2015 29 Generational

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10

What Is Really Important

10

Intelligence

Integrity

Attitude

Energy

1111

Employee Evaluations

Be direct & specific

Don’t wait for annual evals

Never a surprise

• Document

• Be honest – not everyone

“meets expectations”

• Be consistent

• Use only permissible metrics

• Avoid criticism for approved

leave or bona fide complaints

• Task not person

• Provide a plan for improving

any deficiencies

12

Start with Good Reviews

Stop low performers from spreading

negativity

Differentiates high & low performers

Builds your confidence & momentum

Leadership IQ

Page 5: Retaining & Motivating Employees - TMGMA › resources › 2018 Spring Conference... · Traditionalists Baby Boomers Xers Millenials Zs Pew Research Center 05.11.2015 29 Generational

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1313

Effective Communication

Leaders

93%

7%

Effective Ineffective

Employees

11%

89%

Effective Ineffective

14

Performance: Won’t vs. Can’t

Pe

rfo

rma

nce

Issu

e Explanation

SuccessComply

Refuse Termination

Do not understand

Do not want to Warning

SuccessComply

Refuse Termination

Won’t

Can’t Training

Success

Failure Termination

What Exceptional Leaders Know

1515

Culture

Page 6: Retaining & Motivating Employees - TMGMA › resources › 2018 Spring Conference... · Traditionalists Baby Boomers Xers Millenials Zs Pew Research Center 05.11.2015 29 Generational

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Culture

Set of shared attitudes, values, goals and practices that characterizes an institution or organization

Behaviors

Values & Goals

Beliefs & Attitudes

16

17

Engaged Employees=Successful Companies

202%Outperform

those without

by up to…

17http://www.dalecarnegie.com/employee-engagement/engaged-employees-infographic/

18

Know Where You Stand

41%

28%

17%

8%6%

Staff Turnover

< 10% 10-15% 16-20% 21-25% >26%

18MGMA Stat May 2017

Page 7: Retaining & Motivating Employees - TMGMA › resources › 2018 Spring Conference... · Traditionalists Baby Boomers Xers Millenials Zs Pew Research Center 05.11.2015 29 Generational

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1919

Calculating Employee Turnover

Practice wide

Department specific

Look for patterns

# Departing Employees

÷Total # Employees × 𝟏𝟎𝟎 =

𝑻𝒖𝒓𝒏𝒐𝒗𝒆𝒓 𝑷𝒆𝒓𝒄𝒆𝒏𝒕𝒂𝒈𝒆

20

Create the Right Culture

Employee surveys

Retention interviews

Ongoing education &

training

Reward success &

achievements

Eliminate problem

employees

Treat them like adults

Let employees have

ownership

Be accessible, honest & authentic

20

21

Retention Interviews

21

• What makes for a great day at work?

• On a scale of 1 to 10, how happy are you with your job?

• Does the job described to you before you started match what

you have experienced?

• Do you have a clear understanding of the company’s goals

and how your contributions fit into those goals?

• Do you know where you stand in terms of your performance?

• What has been the most impactful to your personal

development and success?

• What has been the most challenging part of your role?

• If you could wave a wand and change something here, what

would it be?

Page 8: Retaining & Motivating Employees - TMGMA › resources › 2018 Spring Conference... · Traditionalists Baby Boomers Xers Millenials Zs Pew Research Center 05.11.2015 29 Generational

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Staff Development

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Do you have a specific budgeted line item for staff development for all of your staff?

Do you have a budgeted amount of CME for clinical staff, non-clinical staff and business office staff?

Do you keep track of the training each staff member receives?

Do you encourage staff to attend CME conferences or workshops?

Do you discuss the importance of training in your staff meetings?

Do you set yearly goals with all of your employees and help them address any weaknesses they may have by offering CME and/or the opportunity to attend other appropriate conferences?

23

Keys to a Culture of Trust

Rethink what an “open door policy” really means

Explain decisions

Listen first, respond second

Be an advocate

Assume the best

23

2424

Embrace & Manage the Differences

Page 9: Retaining & Motivating Employees - TMGMA › resources › 2018 Spring Conference... · Traditionalists Baby Boomers Xers Millenials Zs Pew Research Center 05.11.2015 29 Generational

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Traits & Characteristics

Perfectionism

Approval

Seeking

Controlling

Attention

Seeking

25

Get it right

Fears criticism

Get it done

Fears failure

Get along

Fears loss of security

Get appreciated

Fears rejections

26

General Population - DISC

15%

30%

35%

25%

Controlling Attention Seeking

Approval Seeking Perfectionism

26D=10-15% I=25-30% S=30-35% C=20-25%

27

Physician Population - DISC

49%

15%

7%

29%

Controlling Attention Seeking Approval Seeking Perfectionism

27

Page 10: Retaining & Motivating Employees - TMGMA › resources › 2018 Spring Conference... · Traditionalists Baby Boomers Xers Millenials Zs Pew Research Center 05.11.2015 29 Generational

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28

Generations in the Workplace

2%

29%

34%

34%

1%

Traditionalists Baby Boomers Xers Millenials Zs

Pew Research Center 05.11.2015

29

Generational Characteristics

Consistency, uniformity, privacy, authority, formal, hardworking, struggle with change, LOYAL

Traditionalists 1925-1945

Optimistic, career=identity, team oriented, relationships, hardworking, overly sensitive, OPTIMISTIC, COMPETITIVE

Baby Boomers 1946-1964

Technoliterate, think globally, independent, hardworking till 5, impatient, SKEPTICAL

Generation X 1965-1980

Optimistic, civic duty, social, diversity, want value to work, struggle with hierarchy, REALISTIC

Millennials 1981-2000

Expect immediate information from management, impatient, instant gratification, want mentors as managers, DREAM JOB

Generation Z

> 2001

29

3030

Views on Advancement & Entitlement

• Seniority

Traditionalists

• Experience

Baby Boomers

• Merit

Generation X

• Contribution

Millennials

Page 11: Retaining & Motivating Employees - TMGMA › resources › 2018 Spring Conference... · Traditionalists Baby Boomers Xers Millenials Zs Pew Research Center 05.11.2015 29 Generational

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3131

Employee Conflict

When to get involved

Employees are

threatening to quit

Disagreements are

getting personal

Coworker respect is

disappearing

Affecting morale and

organizational success

3232

Conflict Resolution

Go directly to source

Bring parties together

Agree to resolution

I have given you the

opportunity to resolve

this but you do not

seem to able to do

that…

33

Understand Who You Are Talking To

• Mode – face-to-face, phone, emails, texts

• Style – formal, abbreviationsCommunication

• Lazy & entitled vs difficult & stubborn

Negative stereotypes

• Time spent vs performanceCultural

expectations

Page 12: Retaining & Motivating Employees - TMGMA › resources › 2018 Spring Conference... · Traditionalists Baby Boomers Xers Millenials Zs Pew Research Center 05.11.2015 29 Generational

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34

Takeaways

Make sure employees

know what is expected

Provide appropriate supervision

Allow employees to

express opinions safely

Maximize use of skills & talents

Be flexible but consistent

Provide opportunities to

learn

34

3535

Questions

Stephen A. Dickens, JD, FACMPE

Assistant Vice President

Medical Practice Services

[email protected]

615.846.8336

36

Resources

5 Ways to Motivate Your Employees, https://business.linkedin.com/talent-solutions/blog/employee-retention/2015/5-

ways-to-motivate-your-employees-without-spending-any-more-money

9 Things That Make Good Employees Quit, http://www.talentsmart.com/articles/9-Things-That-Make-Good-

Employees-Quit-172420765-p-1.html

9 Things That Motivate Employees More Than Money, https://www.inc.com/ilya-pozin/9-things-that-motivate-

employees-more-than-money.html

Fabrizio, Nick, What is Your Staff Development Plan?, https://www.mgma.com/healthcare-consulting/hot-

topics/consulting-articles/nick-fabrizio-what-is-your-staff-development-plan

Geis, Shannon, To keep top talent, talk to employees about their workplace needs, https://www.mgma.com/practice-

resources/mgma-connection-plus/online-only/2017/may/to-keep-top-talent-talk-to-employees-about-their-workplace-

needs

Harrop, Chris, Hitting the culture reset button for your medial practice, https://www.mgma.com/practice-

resources/mgma-connection-plus/executive-view/2017/november-december-2017/hitting-the-culture-reset-button-

for-your-medical-practice

Heathfield, Susan, Top Ten Ways to Retain Your Great Employees, https://www.thebalance.com/top-ways-to-retain-

your-great-employees-1919038

The Real Reason Good Employees Quit, https://www.forbes.com/sites/lizryan/2017/03/31/the-real-reason-good-

employees-quit/#7fb7cf494b4e

Siegel, Theresa, The Impact of Employee Exodus on Medical Practices,

https://www.mgma.com/Libraries/Assets/Practice%20Resources/Publications/Fellow%20Papers/2013/The-Impact-

of-Employee-Exodus-manuscript-2.pdf?ext=.pdf

Spears, Tracy & Wally Schmaker, What Exceptional Leaders Know.