what's next in the world of employee engagement · - culture and hiring fit (hiring a mistake...
TRANSCRIPT
What's Next in the World of Employee Engagement
The Great 8 Must Have's to Engage Tomorrow’s Employees Today!
• People Performance System Architecture• HR and Business Strategy• Organizational Effectiveness• Change Management• Employee Relations
Before we begin, things I WON’T focus on
- Artificial Intelligence, Automation, and HR- The Employee Experience (I'm on the fence) - Culture and Hiring Fit
(hiring a mistake is 2X more expensive than hiring a superstar)- Performance Appraisals
First of all, your Employees Are Overwhelmed
The average Mobile Phone user checks
their device 150 times a day
The average employee spends
25% of their workday responding to email
40% of Americans believe it is
IMPOSSIBLE to succeed at work AND
have a balanced work life
49% of Americans would rather have more time off than
more money
FORTUNE 100 Best Companies to Work For
The Best Organizations offer lots of flexibility for time away
…and Corporate Wellness continues expand
• Taking care of both the employee atwork AND the person at home
• Long term Care• Stress management• Financial management• Child Care• Enhanced mental health benefits • Trackable devices• Nutrition• Elder Care
When do Millennials believe they’ll need to take a break
Millennial Careers: 2020 Vision , The Manpower Group study of 19,000 working millennials across the globe
Dis- Engaged EmployeeMinimum Effort to Keep One’s
Job Performance
An Engaged Employee
Giving Above and Beyond
Yesterday’s Approach to Managing the Workplace and Engagement
Oct, 2016, World Economic Forum, ‘9 Charts that could define the Future of the US workforce
Labor Force Participation Rates are Declining
Primary StaffFull time employeesExempt and Non-exempt
Workflow fluctuation
A Gig Staffing model
• On call• Temporary• Interns• Part time
• Contractors• Independent Consultants• Boomers who retired but want PT
Could This Work at YOUR firm?
2017 Gallup Report of 195,000 US Employee Interviews
91% of employees say the last time they switched jobs, they left their
employer to do so.
A Problem: We’re not letting people
change jobs within our firms –they HAVE to quit for a new job.
Executives
Mid-level
Front line
TraditionalistsBoomers
BoomersGen X
Gen XGen Y
Old Model
Why Change The Career Ladder?
New Model
Executives
Mid-level
Front line
TraditionalistsBoomers
BoomersGen X
Gen XGen Y
Old Model
Emphasize Teams, Not Hierarchy
Why Change The Career Ladder?
Source: Bureau of Labor Statistics Employment Projections
Millennials are now the largest labor pool
Millennials Top 5 Priorities when looking for a job Millennials Top 5 Priorities when looking for a job
Millennial Careers: 2020 Vision , The Manpower Group
What would make me stay?
Millennial Careers: 2020 Vision , The Manpower Group study of 19,000 working millennials across the globe
1. A pay increase or bonus2. A new challenge or promotion3. Better work life balance4. A have a clear career path5. Recognized by managers and colleagues
Half of people between the ages of 21 and 37 expect to eventually become millionaires
TD Ameritrade 2019 Study
And Gen X? They’re in Peak Earning Years…and they’re ANGRY
A search of US newspapers from February –March, 2019, turned up:• 1,372 references to Gen Y• 486 to Boomers• …and a whopping 79 for Xers.
March 27th , 2019 Boston Globe of Nexis Research
- The #1 driver of employee engagement is one’s first line supervisor*
** Sirota Intelligence Study
- Disengaged managers are 3 times more likely to have disengaged employees**
* Gallup survey of 80,000 Global Employees
The Impact of One’s Boss
- 75% of people voluntarily leaving jobs say their boss is the reason*
"My manager helps me set work priorities,"
- Among employees who disagree, only 4% are engaged.
"My manager holds me accountable for my performance,
- Among employees who disagree, only 6% are engaged.
"I feel I can approach my manager with any type of question,"- Among employees who disagree, only 2% are engaged*.
Gallup, 2016 “State of The Workforce Report”**2010 Kenexa Global HR Engagement Study
The Impact of One’s Boss
Good managers and gender
• There are great male and female managers• But….female managers tend to be more
engaged (41% to 34%)• Plus, employees working for female manages
are 6% more engaged than those working formale managers
• Best combo? Females working for females(35% engaged)
• Worst combo? Males working for males (25%engaged)
*Gallup's The State of the American Manager Report of 2.5 million manager led teams
“Organizations that make Fortune’s Best Place to Work,
receive 10 times the number of unsolicited resumes”*
*DR WAYNE F. CASCIO, University of Colorado, Author of Investing in People
OK, quick activity
1. Take out your smart phone
2. Type in ‘glassdoor reviews’ in browser
3. Type in your company name