presentation slides
TRANSCRIPT
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Talent Management: Why Value-Based Employees Make Great Employees & “The Talent Wheel”Tim Sanders, author of Saving the World at Work
Does Having an Effective Workplace Make a Difference?Ellen Galinsky, President, Families and Work Institute
Corporate Leadership Circle Conference Call February 9, 2010
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Tim Sanders:
• Companies that hire, develop and manage “value-based” employees and employ innovative socially-conscious business solutions will be the ones that thrive going forward
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Information Masters: the cost versus ROI
• InvestmentInvestment HistoricalHistorical Determinant of successDeterminant of success
• People 2% 20%
• Process 2% 15%
• Organization 2% 10%
• Culture 1% 20%
• Leadership 1% 10%
• Information 10% 15%
• Technology 82% 10%
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Friendliness
Relevance
Empathy
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• Employees with strong social values produce stronger companies
• Too many companies hire for technical talent or work experience instead of values
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Case studies of companies that get it right:
• Timberland – Passion for community
• Interface – Passion for the environment
• SAS Institute – Passion for family and work life balance
• Green Mountain Coffee Roasters – Passion for worker rights
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The Talent Wheel:
Hiring
Compensate
Succession Develop
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Ellen Galinsky:
•The importance of effective workplaces in talent management and their essential components
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• Many employers actively strive to create more effective workplaces in order to increase employee commitment and engagement, to attract the talent required to succeed, and to improve retention
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What Is an Effective Workplace?
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Source: Families and Work Institute. 2008 NSCW (N=1,952 to 2,296); statistically significant differences are denoted as * (p<.05), ** (p<.01), *** (p<.001), n.s. (not statistically significant).
FindingEmployees in Effective Workplace Have Better Work OutcomesRelationships varying levels of overall workplace effectiveness and positive work outcomes
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Source: Families and Work Institute. 2008 NSCW (N=2,470 to 2,769).
FindingSome Aspects of an Effective Workplace Are More Important than Others in Affecting Work OutcomesEffective workplace dimensions significantly predicting work outcomes rank-ordered by relative importance
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Source: Families and Work Institute. 2008 NSCW (N=2,243 to 2,295); statistically significant differences are denoted as * (p<.05), ** (p<.01), *** (p<.001), n.s. (not statistically significant).
FindingEmployees in Effective Workplaces Have Better Health and Well-being OutcomesRelationships between overall effectiveness and positive health outcomes
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Source: Families and Work Institute. 2008 NSCW (N=2,471 to 2,769).
FindingSome Aspects of an Effective Workplace Are More Important than Others in Affecting Health and Well-being OutcomesEffective workplace dimensions significantly predicting health outcomes rank-ordered by relative importance
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Solutions
1. See generational diversity issues as Talent Management Issues
2. Make Talent Management a core competency
3. Understand and respect differences4. Structure career conversations
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Solutions
5. Promote perspective leadership6. Use social networking to solve problems7. Help individuals and teams take on
challenges8. Improve the work environment9. Measure what matters and work toward
continual improvement
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www.timsanders.com
www.familiesandwork.org