Do you know the single, most important, factor in determining how engaged your employees are? Compensation? Teamwork? Feedback and Recognition? Nope. All wrong. It’s seeing a clear link between one’s work and the organization’s long-term objectives, i.e. its vision. Employees need to feel part of something greater than themselves; they want and need to be on board with the big picture. Yet so many organizations struggle to get this one right, but when they do, employee engagement goes through the roof!
40. • A key driver analysis is a advance statistical technique used to
examine the relationships between different survey topics (or
variables).
• A key driver analysis helps survey researchers find answers to
questions
• What drives my employees to be engaged?
• What would cause them to leave the organizations?
• What contributes to an employees propensity to value compensation over work-
life balance?
• Which employee group is most engagement with their work and our organization?
• A Key Driver Analysis Explain and it can answer “What if?”
What is a Key Driver Analysis
Notas do Editor
Why bother?
At best this quartet of vision, mission, values and goals is capable of guiding your everyday steps to achieving your work-place dreams and becoming your team’s ultimate “Coach”. At worst they create huge obstacles to success because they are confused, uninspiring and lacking in clarity – together they then become the Coach you need to fire ASAP.
So our tools for both triumph or tribulation appear to be over-used jargon where everyone talks about creating a vision, mission, values and goals, everyone has an opinion and even worse, everyone defines the terms in different ways.
Inside this chaos is good sense. Put clear meaning into the jargon and we are invited to make that meaning specific to our business team and:
Speed up our decision making,
Know where to focus resources,
Be more efficient and
Ensure every action builds towards the future we have designed.
IN the past 30 year al lot has change with respect to meaning and work, incidentally around 1975 around the time this book first came out
In 1970 only 23 % expected to get work that was meaning full, today that % has tripled in the 67% would state that the work I do is meaningful
The same with how work gets does and the expectation around using our natural and talents have changes
We expect a lot more out of work that we did 30 years ago.
Of the 7,800 millennials surveyed across 29 countries worldwide, six in 10 respondents cited a company's driving purpose--including its commitment to employee well-being, as well as its contribution to the local community--as key factor for taking a job. As far as individual leaders go, Gen Y places the most value on qualities such as: strategic thinking, ability to inspire, interpersonal skills, vision, passion, and decisiveness, the study found.
Still, millennials aren't terribly satisfied with how today's leaders are stacking up, says Deloitte. Overall, they perceive employers as being more inwardly focused on professional growth, rather than on individuals. Bad news for the Don Drapers of the world.
We run this analysis for each of your 12 hypothesized drivers and look at the correlation scores (they range from -1 to +1)
A perfect correlation is 1, no correlation is zero
We then rank your top 3 results based on their correlations from highest to lowest.
A key driver analysis is a advance statistical technique used to examine the relationships between different survey topics (or variables).
A key driver analysis helps survey researchers find answers to questions
What drives my employees to be engaged?
What would cause them to leave the organizations?
What contributes to an employees propensity to value compensation over work-life balance?
Which employee group is most engagement with their work and our organization?
A Key Driver Analysis Explain and it can answer “What if?”
For example based on your overall employee engagement score (the dependent variable), a key driver analysis can explain the ‘relative importance’ of each the 12 survey dimensions to your employees. That is to say a key driver analysis can explain the relative importance of professional growth, vision, leadership, work-life balance and so on.
Furthermore, it can help with a “What if” analysis. We can use a key driver analysis to understand how a change in one variable (one of 12 survey dimensions) will impact (increase or decrease) a change in your employee engagement score for your employees.