being an exceptional company - why people matter and how they impact your financial performance
Post on 21-Oct-2014
254 views
DESCRIPTION
An abridged presentation about how employee engagement directly affects a company's financial health. Research-based insights and impact statements educate organizations who think they've been doing it right all along, and surprise them when they realize they haven't.TRANSCRIPT
![Page 1: Being an Exceptional Company - Why people matter and how they impact your financial performance](https://reader034.vdocument.in/reader034/viewer/2022051816/5445d937afaf9fdf2a8b46a9/html5/thumbnails/1.jpg)
Scott Fitzgerald | ADPHuman Capital Management Consultant
Email: [email protected]: www.linkedin.com/in/scottdfitzgerald/Twitter: @outcompete
Being ExceptionalWhy people matter and how they impact your financial performance
PART 1 of 3
![Page 2: Being an Exceptional Company - Why people matter and how they impact your financial performance](https://reader034.vdocument.in/reader034/viewer/2022051816/5445d937afaf9fdf2a8b46a9/html5/thumbnails/2.jpg)
2
Employee Engagement
PART ONE
Scott Fitzgerald | ADP | Human Capital Management Consultant | [email protected] | www.linkedin.com/in/scottdfitzgerald/
![Page 3: Being an Exceptional Company - Why people matter and how they impact your financial performance](https://reader034.vdocument.in/reader034/viewer/2022051816/5445d937afaf9fdf2a8b46a9/html5/thumbnails/3.jpg)
3
Back when I was a teenager, I thought that with the right bunch of people anything was possible, and that turned out to be the case. It was the people I surrounded myself with who made the difference: If you treat your employees right, they will treat your customers right, and sustained profits will follow.
“ “Richard Branson
Scott Fitzgerald | ADP | Human Capital Management Consultant | [email protected] | www.linkedin.com/in/scottdfitzgerald/
![Page 4: Being an Exceptional Company - Why people matter and how they impact your financial performance](https://reader034.vdocument.in/reader034/viewer/2022051816/5445d937afaf9fdf2a8b46a9/html5/thumbnails/4.jpg)
4
Employee engagement directly affectsyour organization’s financial performance
FACT
Scott Fitzgerald | ADP | Human Capital Management Consultant | [email protected] | www.linkedin.com/in/scottdfitzgerald/
![Page 5: Being an Exceptional Company - Why people matter and how they impact your financial performance](https://reader034.vdocument.in/reader034/viewer/2022051816/5445d937afaf9fdf2a8b46a9/html5/thumbnails/5.jpg)
5
Consider this…
Scott Fitzgerald | ADP | Human Capital Management Consultant | [email protected] | www.linkedin.com/in/scottdfitzgerald/
![Page 6: Being an Exceptional Company - Why people matter and how they impact your financial performance](https://reader034.vdocument.in/reader034/viewer/2022051816/5445d937afaf9fdf2a8b46a9/html5/thumbnails/6.jpg)
6
Measured against their competitive set,companies with 9.3 engaged employees for every 1
actively disengaged employee in 2010-2011 experienced on average:
http://www.gallup.com/strategicconsulting/163007/state-american-workplace.aspx
147% higherearnings per share (EPS)
![Page 7: Being an Exceptional Company - Why people matter and how they impact your financial performance](https://reader034.vdocument.in/reader034/viewer/2022051816/5445d937afaf9fdf2a8b46a9/html5/thumbnails/7.jpg)
7
: - )
: - (
Employees happy with their work = engaged 80% of the day
Employees unhappy with their work = engaged 40% of the day
![Page 8: Being an Exceptional Company - Why people matter and how they impact your financial performance](https://reader034.vdocument.in/reader034/viewer/2022051816/5445d937afaf9fdf2a8b46a9/html5/thumbnails/8.jpg)
8
In their peer group, companies withhighly engaged employees were more profitable by 200%
![Page 9: Being an Exceptional Company - Why people matter and how they impact your financial performance](https://reader034.vdocument.in/reader034/viewer/2022051816/5445d937afaf9fdf2a8b46a9/html5/thumbnails/9.jpg)
9
That is data your organization can not ignore.
![Page 10: Being an Exceptional Company - Why people matter and how they impact your financial performance](https://reader034.vdocument.in/reader034/viewer/2022051816/5445d937afaf9fdf2a8b46a9/html5/thumbnails/10.jpg)
10Scott Fitzgerald | ADP | Human Capital Management Consultant | [email protected] | www.linkedin.com/in/scottdfitzgerald/
![Page 11: Being an Exceptional Company - Why people matter and how they impact your financial performance](https://reader034.vdocument.in/reader034/viewer/2022051816/5445d937afaf9fdf2a8b46a9/html5/thumbnails/11.jpg)
11
You bill by the hour? Will you bill less hours?Turnover affects your business? Will you lose clients?You are a manufacturer of goods? Will your output decrease?Product quality is important to you? Will the quality of your widgets go down?Workplace / worksite safety is imperative? Will there be more accidents and lawsuits?Your management team is disengaged? You are in trouble.Healthcare is your industry? Will your patient population suffer?You care about your people? Do something.
What if…
Scott Fitzgerald | ADP | Human Capital Management Consultant | [email protected] | www.linkedin.com/in/scottdfitzgerald/
![Page 12: Being an Exceptional Company - Why people matter and how they impact your financial performance](https://reader034.vdocument.in/reader034/viewer/2022051816/5445d937afaf9fdf2a8b46a9/html5/thumbnails/12.jpg)
12
What if you are the CEO or CFO?
Psst… Do something.
Scott Fitzgerald | ADP | Human Capital Management Consultant | [email protected] | www.linkedin.com/in/scottdfitzgerald/
![Page 13: Being an Exceptional Company - Why people matter and how they impact your financial performance](https://reader034.vdocument.in/reader034/viewer/2022051816/5445d937afaf9fdf2a8b46a9/html5/thumbnails/13.jpg)
13
1 Analyze
2 Understand
3 Empower
Three steps
What is the impact of employee engagement to your business?Technology infrastructure, employee-related initiatives, HR staff’s role in business performance and profitability. Where are they spending their time?
Define your current strategy & executionOrganizational vision and staffing, roles and responsibilities, HR talent,connection to business strategy, key performance and engagement indicators.
Support the team, or find another modelDefine what you can do to support engagement initiatives. If the team in place is misaligned or focused on administration, you’re positioned incorrectly and your profitability will suffer.
Scott Fitzgerald | ADP | Human Capital Management Consultant | [email protected] | www.linkedin.com/in/scottdfitzgerald/
![Page 14: Being an Exceptional Company - Why people matter and how they impact your financial performance](https://reader034.vdocument.in/reader034/viewer/2022051816/5445d937afaf9fdf2a8b46a9/html5/thumbnails/14.jpg)
14
What do exceptional companies do?
![Page 15: Being an Exceptional Company - Why people matter and how they impact your financial performance](https://reader034.vdocument.in/reader034/viewer/2022051816/5445d937afaf9fdf2a8b46a9/html5/thumbnails/15.jpg)
15
STRATEGIC TACTICAL
REVENUE-POSITIVE REVENUE-NEGATIVE
CultureCompensationRecruitment
BrandTrainingStrategy
EngagementTalent
Retention
FormsExcel sheets
PayrollTimecards
ComplianceAdministration
Q&APaperwork!Paperwork!!Paperwork!!!X
![Page 16: Being an Exceptional Company - Why people matter and how they impact your financial performance](https://reader034.vdocument.in/reader034/viewer/2022051816/5445d937afaf9fdf2a8b46a9/html5/thumbnails/16.jpg)
16
STRATEGIC TACTICAL
REVENUE-POSITIVE REVENUE-NEGATIVE
and
of their time here
Currently your team spends
of their time here
10 – 20% 80 – 90%
![Page 17: Being an Exceptional Company - Why people matter and how they impact your financial performance](https://reader034.vdocument.in/reader034/viewer/2022051816/5445d937afaf9fdf2a8b46a9/html5/thumbnails/17.jpg)
17
![Page 18: Being an Exceptional Company - Why people matter and how they impact your financial performance](https://reader034.vdocument.in/reader034/viewer/2022051816/5445d937afaf9fdf2a8b46a9/html5/thumbnails/18.jpg)
18
STRATEGIC TACTICAL
REVENUE-POSITIVE REVENUE-NEGATIVE
80 – 90% 10 – 20%
![Page 19: Being an Exceptional Company - Why people matter and how they impact your financial performance](https://reader034.vdocument.in/reader034/viewer/2022051816/5445d937afaf9fdf2a8b46a9/html5/thumbnails/19.jpg)
19
STRATEGIC TACTICAL
DO THIS STOP THIS
Gets better peopleKeeps better peopleKeeps people happy
Makes them more productiveMakes you more money
Polishes your brandScales while you grow
Cannibalizes the strategicCosts money and time
Does not scale wellSignificant errorsLiability and risk
Fines and penaltiesLawsuits
Old business model
![Page 20: Being an Exceptional Company - Why people matter and how they impact your financial performance](https://reader034.vdocument.in/reader034/viewer/2022051816/5445d937afaf9fdf2a8b46a9/html5/thumbnails/20.jpg)
20
Traditional Human Resources is being disrupted.
![Page 21: Being an Exceptional Company - Why people matter and how they impact your financial performance](https://reader034.vdocument.in/reader034/viewer/2022051816/5445d937afaf9fdf2a8b46a9/html5/thumbnails/21.jpg)
21
Leverage HCM technology
Make people a priority
Eliminate admin burdens
Turn HR into strategic superstars
Four priorities
![Page 22: Being an Exceptional Company - Why people matter and how they impact your financial performance](https://reader034.vdocument.in/reader034/viewer/2022051816/5445d937afaf9fdf2a8b46a9/html5/thumbnails/22.jpg)
22
Profitability AnalysisThis free informal assessment of your current human capital efforts is meant to identify the key technology and process barriers preventing you from operational excellence and increased profitability. This analysis is designed specifically for mid-sized business owners, Senior Executives, CEOs, CFOs, or VPs of HR.
High demand limits availability to 12 companies.
To inquire about or sign up for the profitability analysis, please contact Scott Fitzgerald.
SIGN UP
Scott Fitzgerald | ADPHuman Capital Management Consultant
Email: [email protected]: www.linkedin.com/in/scottdfitzgerald/Twitter: @outcompete