Driving profits with purpose: How HR and finance can collaborate and inspire | Talent Connect 2016
Kelly McGill, Avvo Monica Williams, Avvo Human Resource and Finance departments are traditionally like oil and water – one is about saving money and one is spending on things that can appear quite intangible. The CFO is busy tracking EBITDA and profit; the CPO is busy growing and retaining talent. But what happens when HR and Finance combine forces to create pathways to success that support both the success of the individual and the company? In Driving Profits With Purpose: How HR and Finance Can Collaborate and Inspire, Kelly McGill, CPO of Avvo, and Monica Williams, CFO of Avvo, explain how to work as a cross functional team to develop a custom performance management and goal setting program that provides every team member a clear connection to the company mission. The talk focuses on how companies can create an actionable plan – even companies experiencing rapid growth, when cultural norms, goals and how work gets done can become confusing and chaotic. Session highlights: How to get HR and finance to work together and collaborate. How companies can create an actionable plan. Check out the best of Talent Connect: http://bit.ly/2e5ojNe
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Driving profits with purpose: How HR and finance can collaborate and inspire | Talent Connect 2016
- 2. Driving Profits with Purpose: How HR and Finance Can Collaborate and Inspire
- 3. 67.3%of US employees are disengaged
- 4. $550 billion Cost to companies:
- 5. Kelly McGill CPO, Avvo Talent Strategy
- 6. Monica Williams CFO, Avvo Finance Strategy
- 8. Avvo helps consumers get the legal help they need. • Avvo Legal Services • Free Legal Forms • Free Q&A Forum • Lawyer Directory • Avvo Advisor
- 9. What we’ll discuss • Why do team members disengage and what’s the cost? • How data uncovered trouble spots at Avvo • How we were able to get employees back on purpose
- 11. 59% Don’t know their company’s value prop 57% Don’t find their company’s mission statement motivating
- 12. 44% Like their company’s culture 45% Trust their company’s leadership
- 13. A Case Study.
- 14. 100%headcount growth in one year
- 15. Changing Dynamics: Managers and Teams
- 17. From Start-up to High Growth
- 18. 33%
- 19. Image courtesy of Britt Andreatta
- 20. HR + Finance = BFF
- 21. Data • Traditional HR Data • McClean Engagement Survey • Talent Review • Competency Multi-Rater
- 22. Hypothesis Optimistic!!! Reality 41% of our talent was either mildly or wildly disengaged
- 23. The Plan Team Readiness Enable and Empower Inspire and Motivate
- 24. Team Readiness • Deliberate WFP and HC Management • Manager Training • Employer Brand • Conscious Business • Yoga and Meditation
- 25. Enable and Empower • Action Planning for Engagement Survey • WIGs • DUHBs - Decision Making Framework • Brown bag sessions
- 26. Inspire and Motivate • Collaboration Cup / Bathroom DJ • Biz & Beers • Avvo Star • Avvo Accelerator Fun Motivators
- 28. Inspire and Motivate • Compensation (ranges + bonus) • Custom performance management & goal setting Performance and compensation motivators
- 29. Initial Results
- 30. How you can implement and Make HR + Finance = BFF
- 31. Q&A
- 32. Get Your Talent on Purpose • Talk to your CFO • Understand your situation through data and research • Create an actionable plan • Train and support the team; create a continual learning loop
- 33. Thank You