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Energize & Engage Your Employees and
Increase Your Bottom Line
Dr. Shirley Davis, SPHR
June 2014
A New Global Reality—VUCA
Flattened WorldChanging Global Demographics
A New Global Reality
Peter Drucker: The Era of the 3Cs
33
10 Global Workforce Issues Keeping
CEOs/Business Leaders Up at Night
5
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
6
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
7
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.
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:
8
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 StatusBeliefs
Culture Values
Behaviors
Visible
Diversity
Traits
Invisible
Diversity
Traits
Sexual OrientationPhysical Abilities/Qualities
PersonalityLevel in Organization
Physical
Attributes
WORKFORCE DIVERSITY DEFINED
THE GLOBAL WORKFORCE IS CHANGING
9
 Aging Population
 Women
 People With Disabilities
 LGBT
 Religious Diversity
 Immigration
 4/5 Generations
 Skill/Education/Socio-
Economic Gaps
 Cultural Competence
 Leadership
Changing Workforce Demographics
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?
10
PWC 2012 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?
11
JOB SATISFACTION IS DECLINING
12
Percent
U.S. Job Satisfaction is Declining
Conference Board survey, January, 2010
Employee Engagement
13
JOB SATISFACTION IS DECLINING
U.S. Job Satisfaction, by Age, 2009 vs. 1987
6/12/2014
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
EMPLOYEE ENGAGEMENT
Engagement Levels
Disengaged
Actively engagedActively disengaged
Source: Gallup Management Journal's semi-annual Employee Engagement Index
EMPLOYEE ENGAGEMENT
Engagement Levels
Disengaged
Actively engagedActively disengaged
54%
17%
29%
Source: Gallup Management Journal's semi-annual Employee Engagement Index
EMPLOYEE ENGAGEMENT
Globally, just 35% of workers are highly engaged
6/12/2014
Source: Towers Watson Global Workforce Study on Engagement, 2012
Highly Engaged
Unsupported
Detached
Disengaged
35%
22%
17%
26%
16
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
6/12/2014 17
Engaged Employees Drive Innovation
Money? Benefits? A fancy office?
WHAT REALLY MOTIVATES WORKERS?
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
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
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
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%
below average.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
BENEFITS OF HIGH EMPLOYEE ENGAGEMENT
24
Source: Watson Wyatt’s 2008/2009 WorkUSA report, Driving Business Results through Continuous Engagement.
Shareholder Return
Productivity
Performance
Absenteeism
Turnover
Support and Resiliency
25
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
26
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
How many people
voluntarily leave
organizations due to
perceived unfairness
each year?
POP QUIZ
27
Retaining Top Talent
EMPLOYEE RETENTION
28
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
KEY STRATEGIES FOR RETAINING
TOP TALENT
29
 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
KEY STRATEGIES FOR RETAINING
TOP TALENT
30
31
QUESTIONS/COMMENTS
6/12/2014
Thank you for your
participation
 : @DrShirleyDavis
 : Shirley Davis Sheppard
 Email: drshirleydaivs@gmail.com
 Website: www.drshirleydavis.com

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Energize & Engage: How Engagement Impact Your Organization's Bottom Line--Delivered to Fort Lauderdale Human Resource Assoc

  • 1. Energize & Engage Your Employees and Increase Your Bottom Line Dr. Shirley Davis, SPHR June 2014
  • 2. A New Global Reality—VUCA Flattened WorldChanging Global Demographics
  • 3. A New Global Reality Peter Drucker: The Era of the 3Cs 33
  • 4. 10 Global Workforce Issues Keeping CEOs/Business Leaders Up at Night
  • 5. 5 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
  • 6. 6 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
  • 7. 7 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.
  • 8. 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: 8 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 StatusBeliefs Culture Values Behaviors Visible Diversity Traits Invisible Diversity Traits Sexual OrientationPhysical Abilities/Qualities PersonalityLevel in Organization Physical Attributes WORKFORCE DIVERSITY DEFINED
  • 9. THE GLOBAL WORKFORCE IS CHANGING 9  Aging Population  Women  People With Disabilities  LGBT  Religious Diversity  Immigration  4/5 Generations  Skill/Education/Socio- Economic Gaps  Cultural Competence  Leadership Changing Workforce Demographics
  • 10. 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? 10
  • 11. PWC 2012 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? 11
  • 12. JOB SATISFACTION IS DECLINING 12 Percent U.S. Job Satisfaction is Declining Conference Board survey, January, 2010 Employee Engagement
  • 13. 13 JOB SATISFACTION IS DECLINING U.S. Job Satisfaction, by Age, 2009 vs. 1987 6/12/2014 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
  • 14. EMPLOYEE ENGAGEMENT Engagement Levels Disengaged Actively engagedActively disengaged Source: Gallup Management Journal's semi-annual Employee Engagement Index
  • 15. EMPLOYEE ENGAGEMENT Engagement Levels Disengaged Actively engagedActively disengaged 54% 17% 29% Source: Gallup Management Journal's semi-annual Employee Engagement Index
  • 16. EMPLOYEE ENGAGEMENT Globally, just 35% of workers are highly engaged 6/12/2014 Source: Towers Watson Global Workforce Study on Engagement, 2012 Highly Engaged Unsupported Detached Disengaged 35% 22% 17% 26% 16
  • 17. 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 6/12/2014 17
  • 19. Money? Benefits? A fancy office? WHAT REALLY MOTIVATES WORKERS?
  • 20. 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
  • 21. 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
  • 22. 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
  • 23. 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% below average.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
  • 24. BENEFITS OF HIGH EMPLOYEE ENGAGEMENT 24 Source: Watson Wyatt’s 2008/2009 WorkUSA report, Driving Business Results through Continuous Engagement. Shareholder Return Productivity Performance Absenteeism Turnover Support and Resiliency
  • 25. 25 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
  • 26. 26 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
  • 27. How many people voluntarily leave organizations due to perceived unfairness each year? POP QUIZ 27 Retaining Top Talent
  • 28. EMPLOYEE RETENTION 28 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
  • 29. KEY STRATEGIES FOR RETAINING TOP TALENT 29  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
  • 30. KEY STRATEGIES FOR RETAINING TOP TALENT 30
  • 31. 31 QUESTIONS/COMMENTS 6/12/2014 Thank you for your participation  : @DrShirleyDavis  : Shirley Davis Sheppard  Email: drshirleydaivs@gmail.com  Website: www.drshirleydavis.com