creating amazing companies
Post on 13-Sep-2014
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There's a new way of doing business emerging. Focusing on employee engagement is good for the people and the bottom line. Engage! is an international best selling book that outlines why we need a new way of doing business. Go to www.TheEngageBook.com for more details and get the book.TRANSCRIPT
Creating The Most Amazing
Companies
We Believe…in a new way of doing business
• 15+ years working with Executive Search• VP in the US, started up new company in Europe• Coaching, Mentoring, Personal & Organizational
Development• Chief Joy Bringer, Co-Founder to Evoloshen• Best Selling Author
Karin Volo
Have helped individuals and companies going through transitions
Too many people are unhappy in their work
Wanted to help companies keep their people instead
Discovered a formula that we wanted to share with others about a new way of doing business
Why we wrote Engage!
The Most Amazing Company Models
• Why Engagement Matters• Global Trends and Disruptive
Changes • The 5 Cultural Keys to creating an
Amazing Company
Today we’re going to cover…
Disengagement is a disease.Complacency is a cancer.
Why Engagement Matters
Our old ways of working aren’t working anymore…
• 71% of employees are disengaged ~Gallup 2013
• 84% of employees intend to actively seek a new position. ~Right Management
• Disengagement is costing companies $450-$550 billion annually in lost productivity ~Gallup 2013
Current Workforce Situation
Productivity Decreasing
Disruptive Changes & Future Trends
1. Technology Changes
In the 19th century, the Industrial Age moved workers from an agricultural to a production model.
In the 20th century, we experienced another revolution as the Information Age moved workers from factories into offices.
In the 21st century, we are in the midst of a virtual Transformation Age where the internet and technology are redefining our workplace yet again.
“Change is not linear, it’s exponential.”
~Ray Kurweil
• one billion new users online • more than four billion new people using cell phones.
Accelerated Change
174 newspapers worth of information
4 Generations
working longer
Mass exodusMajor Value Gap
2. Demographic Changes
By 2014,
Millennials (born between 1977 and 1997)
will account for half of all the employees
in the world ~Harvard Business Review
Generation Y
• 60% of companies are having trouble attracting critical-skill employees
• In 2012, about 75 million people aged 15 to 24 years were unemployed, an increase of over 4 million from 2007. ~Int’l Labour Organization
3. Talent Mismatch
Lack of retention & loyalty in a company• 150% of the employee’s annual compensation figure, up to 400% for managers
Decrease in productivity and profits• stress costs businesses $300 billion a year.
What Does This Mean?
Our Approach
You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete. ~ Buckminster Fuller
– to have full attention, commitment, enthusiasm, passion, and purpose for your work, to be wholeheartedly involved in and contribute positively to an organization.
Definition of Engage:
Why Engagement Works…
“Engaged employees perform 20% better and are 87% less likely to leave their organization.” ~HR Magazine
“Direct link between employee engagement, customer satisfaction, and revenue growth.”~Harvard Business Review
Working with employee engagement and recognition generates: 27% higher profits 50% higher sales 50% higher customer loyalty
~Gallup 2013
Why Engagement Works…
Comparative Annualized Stock Market Return
Comparative Cumulative Stock Market Return
100 Best Companies Voluntary Turnover
Some Examples…Company A : 10 000 employees : 1 600 employees turn over (16%).Employee turn over cost: $120 000 000 per year
Company B : 100 employees : 16 employees turn over (16%).Employee turn over cost: $1 200 000 per year
A Company that: is very deliberate in how they are doing business has a Bigger Purpose leads with the WHY has Raving Fan
… is becoming a “Conscious” Company by building a sustainable business that focuses on the triple bottom line.
What is A Most Amazing Company?
The 5 Cultural Keys
The Front Line Is The Bottom Line ~Southwest Airlines
Goes Beyond Teamwork
The 5 Cultural Keys
Innovation and a sense of
Continually Improving
Cultural Hacking & Open Sourcing
Environmental
P&L
The 5 Cultural Keys
Shared Values & Purpose
The 5 Cultural Keys
The 5 Cultural Keys
a fun way to increase employee engagement through cultural hacking using the latest trend in gamification of work— change from “have to” to “want to” behavioral based system to develop people to reach their full potential within an organization
The Most Amazing Company Quest
Into The Future…
September3rd & 4th 2014
It’s time to create sustainable business models with purpose driven companies that are good for the people, planet, as well as the profits.
Karin [email protected]
Our vision is to make this the norm, not the exception.
www.TheMostAmazingCompany.com
The Most Amazing Company Quest
Stay in Touch…