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Hire for Engagement!

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Switch the passion back on. Discover how to engage your employees and hire for compatibility.
Checkout this slide deck or watch the free online MasterClass delivered at Google's Innovation Campus ☛ http://welcome.openelevator.com/optin/

Switch the passion back on. Discover how to engage your employees and hire for compatibility.
Checkout this slide deck or watch the free online MasterClass delivered at Google's Innovation Campus ☛ http://welcome.openelevator.com/optin/

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Hire for Engagement!

  1. 1. 1 Hiring for Engagement! Presented by Minal Joshi
  2. 2. 2 •  1982 -1995 interest: make “lots and lots of money” !  school !  degree !  job •  1996: cofounded LinkExchange •  1998: sold to Microsoft for $265 million •  1996 – 1998: LinkExchange culture changed Tony Hsieh before happiness… DISENGAGED DISENGAGED
  3. 3. openelevator.com 3 AGENDA Our History of Engagement The Current State of Engagement The Future of Engagement…Now!
  4. 4. What drives engagement? 4 GALLUP Employees are more likely to be engaged if their basic human needs are met. Decades studying thousands of businesses, 27 millions employees, in over 160 countries SOURCE: Gallup
  5. 5. openelevator.com What are the basic human needs? 5 Maslow’s Hierarchy of Needs Contribution Tony Robbins’ 6 Human Needs Self-Actualization / Fulfillment Tony Hsieh’s Happiness Framework Vision / Meaning ConnectionLove / Belonging Connectedness Growth; Significance Achievement / Esteem Perceived Progress Certainty Variety Safety Perceived Control Connection Contribution & Purpose Safety & Certainty Growth & Significance
  6. 6. What is the hierarchy of needs? 6 Safety & Certainty Growth & Significance Connection Contribution & Purpose
  7. 7. Which needs did work meet a long time ago? 7 -7000 -6000 -5000 -3000-4000 -2000 0-1000 1000 2000 Animal domestication and simple agriculture Organized agriculture Cities Dome- stication of horses Pyramids Bronze Age in China Athenian Democracy Classic Maya Printing press Industria- lization UNORGANIZED WORK ORGANIZED / SKILLED WORK
  8. 8. What changed with the industrial revolution? 8 FIRST Mechanical production, railroads, and steam power SECOND Mass production, electrical power, and the advent of the assembly line FOURTH Artificial intelligence, big data, robotics, and more to come THIRD Automated production, electronics, and computers 1784 1969 20171870 ORGANIZED UNSKILLED WORK AND NOW? SOURCE: World Economic Forum
  9. 9. openelevator.com 9
  10. 10. Why is there increasing demand on engagement? 10SOURCE: World Economic Forum FOURTH Artificial intelligence, big data, robotics, and more to come NOW PARADIGM SHIFT NEEDED! 1.  TO ADDRESS CHANGES IN THE WORKPLACE •  Types of jobs available •  Effective management style •  Focus on individual employee 2.  TO ADDRESS CHANGES IN OUR CULTURE! INNOVATION, CREATIVITY, CUSTOMER SERVICE
  11. 11. What is our culture demanding from the workplace? 11 “The mass of men lead lives of quiet desperation.” Henry David Thoreau “…it is very difficult to have a meaningful life without meaningful work.” Jim Collins Everywhere talk about contribution, purpose, connection… TED Talks, social media… Corporate heroes such as Bill Gates (passion for people) Elon Musk (passion about our planet) Nearly 200 years ago NOW Quarter of a century ago
  12. 12. openelevator.com When should we consider engagement? 12
  13. 13. Has hiring evolved since the industrial revolution? 13 ASSESSING THE OLD MODEL CONTENT – unchanged, still includes… •  JOB DESCRIPTION: What we need done … •  REQUIREMENTS: What you should be able to do … •  PAY: What we offer … •  APPLY: How you can contact us … ASSESSMENT – unchanged, focused on technical factors… •  SKILLS •  EXPERIENCES •  SCHOOLS REACH – grown massively, and in a targeted way!
  14. 14. openelevator.com 14 ⌃225
  15. 15. 15 •  Purpose & Values Driven: deliver WOW, pursue growth, be a little weird •  Managed Culture: values the foundation of every action •  Performance: !  on Fortune’s Best Places to Work list !  grown to largest online shoe store !  sold for $1.2 billion in 2009 …impact of focusing on purpose! One of Fortune Magazine’s 25 Best Companies to Work for
  16. 16. openelevator.com 16 AGENDA Our History of Engagement The Current State of Engagement The Future of Engagement…Now!
  17. 17. openelevator.com What is the state of engagement across the globe? 17SOURCE: Gallup Only 15% engaged employees around the world!
  18. 18. openelevator.com What does engagement look like? 18 Studied 180 Teams to Learn The Top Traits Successful Teams Share 3. Meaning – individuals feel that the work has personal significance 2. Structure and Clarity – teams have clear goals and roles 1. Dependability – individuals get things done on time and meet expectations 4. Impact – groups believe their work has purpose and positively impacts the greater good 5. Psychological Safety – individuals feel safe to take risks and voice opinions Connection Contribution & Purpose Growth & Significance Safety & Certainty
  19. 19. openelevator.com What is the impact and result of engagement? 19SOURCE: Gallup Engagement Results •  2x lower employee turnover •  2x higher customer loyalty •  3x higher growth •  30% higher income •  20% higher profitability •  147% higher earnings per share Engagement Impacts Customer Service Profitability Innovation Employee Turnover Wellbeing Sales Growth
  20. 20. openelevator.com How are we hiring for engagement in the digital age? 20 High turnover Double-digit disengagement High burnout rate High level of dissatisfaction Low productivity No raving fans Poor customer service Stalled growth DISASTROUS BUSINESS ENVIRONMENTMEDIOCRE RECRUITMENT METHODS •  Search global talent pool Time Money Certainty •  Get friends & family referrals •  Choose the most appealing resume & interview
  21. 21. openelevator.com How are we “addressing” needs when hiring? 21 ConnectionContribution & Purpose Safety & Certainty Growth & Significance Focus on perks Decorate walls with statements Call all jobs “opportunities” Assess the candidate!
  22. 22. Is there a number 1 reason for disengagement? 22 Unclear Expectations Misalignment of Stated Core Values Dissatisfaction with Manager Lack of Opportunity Safety & Certainty Contribution & Purpose Growth & Significance Connection NUMBER 1 REASON -  People are disengaged -  People leave their jobs -  Costs the organization
  23. 23. 23 •  No managers, no hierarchy of people, hierarchy of roles •  29% staff turnover in the 1st year •  Fell off Fortune’s 25 best after 8 consecutive years on it •  Medium: “the system had begun to exert a small but persistent tax on both our effectiveness, and our sense of connection to each other.” •  Gallup: “Engagement plummets to just 2% among teams with managers who ignore their employees” …impact of self-management?
  24. 24. openelevator.com 24 AGENDA Our History of Engagement The Current State of Engagement The Future of Engagement…Now!
  25. 25. openelevator.com What should we focus on? 25 Include values in job ads Use tools to assess compatibility Connection Contribution & Purpose Growth & Significance Define growth path Values are designed to attract or repel Growth sets the stage for both parties to think long-term Connection is necessary for Safety and the foundation for Meaning Clarify expectations Clarity is the basis of meeting expectations Safety & Certainty
  26. 26. openelevator.com 26 Millions of people matched✓ Hundreds marry each day✓ Very low divorce rate✓
  27. 27. openelevator.com 1. Establish a framework for assessing compatibility 27SOURCE: McCrae et al. 2000 x, y, z…
  28. 28. openelevator.com 2. Establish a framework for assessing values 28 Safety & Certainty Growth & Significance Connection Contribution & Purpose Safety & Certainty Growth & Significance Connection Contribution & Purpose YOUR ENVIRONMENT EMPLOYEE VALUES Good relationship with supervisor Paid training / tuition reimbursement Reasonable job security Meaningfulness of job Top Employee Values •  Reasonable job security •  Good relationship with supervisor •  Management recognition of employee performance •  Paid training / tuition reimbursement •  Meaningfulness of job •  Career advancement opportunities •  Competitive benefits •  Flexibility to balance life and work •  Ample opportunity to use skills/abilities •  Commitment to corporate social responsibility
  29. 29. openelevator.com 3. Establish technical fit by asking great questions 29 1. Skills 2. Experience 3. Logistic 4. Motivation
  30. 30. openelevator.com What does it take to implement a new model? 30 COMPATIBILITY Select assessment method VALUES Define set of values SETUP DATABASE Include these parameters e.g. •  Myers Briggs •  DISC •  Five Factor Model e.g. •  Management recognition •  Tuition reimbursement •  Social responsibility Applicant Data Set Manager Data Match Ranking Match Ranking Manager Data Applicant Data Set QUESTIONS Define position-specific e.g. •  Skills-related •  Experience-related •  Motivation-related Full Data Set Applicant Answer Set SORT & FILTER
  31. 31. openelevator.com What is OpenElevator about? 31 •  Why did we create the platform? •  How does it work? •  How can it help you? ! increase engagement to improve customer service ! drive growth by cultivating an atmosphere of innovation and creativity ! deliver a sense of belonging, fulfillment and prosperity for your employees
  32. 32. openelevator.com 32 “Burnout was our greatest challenge until we changed our mission statement.”
  33. 33. OpenElevator AG General-Wille-Strasse 175 CH-8706 Feldmeilen Switzerland support@openelevator.com 33

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