winning top talent engaging and retaining employees · “average roi for every dollar spent =...
TRANSCRIPT
©2019 ARTHUR J. GALLAGHER & CO. | AJG.COM
Winning Top Talent – Engaging
and Retaining Employees
Jody Crowther, GBA November 20th , 2019
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• Key Findings
• What Does Having an “Engaged” Workforce Mean
• Organizational Wellbeing
Employee Engagement & Retention
Strategies
Agenda
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AN ENGAGED WORKFORCE
ENGAGED WORKFORCE
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BUT FIRST…
… Some Key Findings
2021 forecast: 63% anticipate revenue increases
2021 forecast: 57% anticipate headcount increases
60% agree that their workforce is highly engaged
42% have conducted an
engagement study
91% report promoting Health and Wellness is
important
63% report having no strategy to
promote Health and Wellness
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AN ENGAGED WORKFORCE
Sue
Arrives on Time
Diligent
Good work
Not actively involved in meetings
Friendly to co-workers but not close
Not really connected to company
mission
Productive
Eric
Arrives Early
Goes “Above and Beyond”
Speaks his mind
Tries to see the bigger picture
Regularly involved at company
events
Close to colleagues
Engaged
“Engaged” and “Productive” not the same thing…
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“Highly engaged employees 21% more productive” – Gallup 2016
“89% of members with a Wellness culture also reported being
satisfied with their job compared to just 59% of those without a
Wellness culture” – 2018 Sanofi Aventis Healthcare Survey
“Average ROI for every dollar spent = $2.73 in productivity + reduced
absenteeism” – Harvard School of Business
“Average ROI for every dollar spent = $3.27 in reduced healthcare
costs” – Harvard School of Business
Take 30,000 foot view
AN ENGAGED WORKFORCE
…but they can be linked
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• Physical & Emotional Wellbeing
• Career Wellbeing
• Financial Wellbeing
Organizational Wellbeing:
Differentiating in a tight
labour market
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Physical & Emotional
Wellbeing
• Expanded View – Whole Person
• Looking Beyond The Workplace
• Shift From “Leave Your Home Life at
Home”
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Career Wellbeing
• The Right Work Arrangements
• Sense of Purpose - Fulfillment
• Changing Legislation
• Defined by 3 Elements:
– Strong Senior Leadership
– Opportunities for Employees
– Clear Career Paths
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• Canadians Shouldering record
Debt
• ¼ Employees Report Personal
Finance a Distraction
• 60% Not Saved Enough to Retire
• Proper retirement Plan =
Reduced Stress Levels
Financial Wellbeing
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• Physical wellbeing
– Flu vaccinations: 47%
– Gym subsidies: 43%
– Physical activity programs: 42%
• Social wellbeing
– Employee and family assistance
programs: 88%
• Financial wellbeing
– Advisor sessions: 64%
– Financial literacy: 42%
Varied approaches
to wellbeing
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Incremental non-core
benefit enhancements
• Education subsidy: 64%
• Short-term disability: 59%
• Wellbeing initiatives: 34%
• Leave policies: 26%
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• External benchmarking
• Internal evaluation
• Continuous improvement
Employee engagement
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Summing it all Up…
To compete in today’s marketplace,
Employers must take an interest in
enhancing the employee
experience
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WE ARE GALLAGHER
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Globally Known.
Locally Grown.
Core Values
• Clients are family
• Solution-focused
• Get the job done right and fast
• Committed to education and engagement
• Innovative and strategic
• Long-term partnerships
Purpose
• Stability
• Cut down “Noise”
Brand promise
• We manage your plan, not sell a product
one of the world’s
top consulting firms
Local team is
homegrown
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Gallagher’s approach