Creating Amazing Companies
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Creating Amazing Companies

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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 ...

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.

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  • Ourtime is limitedtodayGiveyou as much as I cantoday.Letyouknow how to take it further.
  • $227B for lost productivity,$232B for medical and pharmacy, $117B for wage replacementIn Sweden alone, it is costing 42 miljarder in poor health(ohälsa) for top 100 largest companies
  • While many look at global problems like economic growth, workforce effectiveness, employee turnover, chronic skills gaps…and focus their time and energy fixing the problem, we take a different approach. We call it culture hacking—a behavior based
  • “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

Creating Amazing Companies Creating Amazing Companies Presentation Transcript

  • We Believe…in a new way of doing business Creating The Most Amazing Companies
  • Karin Volo • 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
  • Why we wrote Engage!  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
  • The Most Amazing Company Models
  • Today we’re going to cover… • Why Engagement Matters • Global Trends and Disruptive Changes • The 5 Cultural Keys to creating an Amazing Company
  • Why Engagement Matters Our old ways of working aren’t working anymore… Disengagement is a disease. Complacency is a cancer.
  • Current Workforce Situation • 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
  • 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.
  • Accelerated Change “Change is not linear, it’s exponential.” ~Ray Kurweil • one billion new users online • more than four billion new people using cell phones.
  • 2. Demographic Changes 4 Generations 174 newspapers worth of information working longer Mass exodus Major Value Gap
  • Generation Y By 2014, Millennials (born between 1977 and 1997) will account for half of all the employees in the world ~Harvard Business Review
  • 3. Talent Mismatch • 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
  • What Does This Mean?  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.
  • 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
  • Definition of Engage: – to have full attention, commitment, enthusiasm, passion, and purpose for your work, to be wholeheartedly involved in and contribute positively to an organization.
  • 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
  • Why Engagement Works… Working with employee engagement and recognition generates:  27% higher profits  50% higher sales  50% higher customer loyalty ~Gallup 2013
  • 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
  • What is A Most Amazing Company? 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.
  • The 5 Cultural Keys Goes Beyond Teamwork The Front Line Is The Bottom Line ~Southwest Airlines
  • The 5 Cultural Keys Innovation and a sense of Continually Improving
  • The 5 Cultural Keys Shared Values & Purpose
  • The 5 Cultural Keys
  • The 5 Cultural Keys
  • The Most Amazing Company Quest  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
  • Into The Future… 3rd & 4th 2014 September
  • It’s time to create sustainable business models with purpose driven companies that are good for the people, planet, as well as the profits.
  • Stay in Touch… Karin Volo Karin@Evoloshen.com The Most Amazing Company Quest Our vision is to make this the norm, not the exception. www.TheMostAmazingCompany.com