PeopleSparkHQ and retain your best people transformation noun A change or alteration especially a radical one Companies with engaged employees outperform those without by up to 202 ID: 478295
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Slide1
How to transform your company culture
@PeopleSparkHQ
… and retain your best peopleSlide2
trans·for·ma·tion
noun
A change or alteration,
especially a radical one.Slide3
Companies with engaged employees outperform those without by up to 202%Slide4
71% of employees are not fully engagedSlide5
64% of all employees do not feel they have a strong work cultureSlide6
“Right now there’s a realization that bringing in top talent is critical to the success of every company, and the competition for talent is fiercer than ever. So there’s a lot of focus on how to gain a competitive advantage”
Ben Ling, Khosla VenturesSlide7
49% of all employees are not satisfied with their direct supervisorSlide8
More than 1 in 4 employees do not have the tools to be successful in their jobsSlide9
87% of the global workforce is disengagedSlide10
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Before we continue...Slide11
Only 21% of employees feel strongly valued at workSlide12
Peers and camaraderie are the #1 reason employees go the extra mile, not moneySlide13
There’s 2.5x more revenue for companies with engaged employees versus competitors with low engagement levelsSlide14
Highly engaged employees are 87% less likely to leave the company they work for than their counterpartsSlide15
$11 billion is lost annually due to employee turnoverSlide16
89% of employers think their people leave for moneySlide17
But only 12% of employees actually do leave for more moneySlide18
75% of people don't quit their jobs; they quit their bosses.Slide19
Turnover at companies with a great culture is just 14%Slide20
Turnover at companies with a poor culture is 48%Slide21
“Loyal, passionate employees bring a company as much benefit as loyal, passionate customers. They stay longer, work harder, work more creatively, and find ways to go the extra mile. They bring you more great employees.”
Rob Markey, Bain ConsultingSlide22
Happy workers are 12% more productive than the average worker and unhappy workers are 10% less productiveSlide23
Unhappy employees take 15 more sick days each year than the average workerSlide24
63% of employees are not engaged at work and 24% are actively disengaged, leaving just 13% engaged in the work they’re doingSlide25
Low engagement results in a 33% decrease in operating income and an 11% decrease in earnings growthSlide26
High engagement, however, results in a 19% increase in operating income and 28% increase in earnings growthSlide27
90% of leaders think an engagement strategy has an impact on business successSlide28
Less than 25% of them actually have a strategySlide29
Companies who collect regular employee feedback have turnover rates 15% lower than companies using annual surveysSlide30
“To make customers happy, we have to make sure
our employees are happy first.”
Tony Hsieh, ZapposSlide31
Increasing employee engagement investments by 10% can increase profits by $2,400 per employee, per yearSlide32
Whether you’re a Fortune 500 or a startup, you can turn your company culture around and watch both enthusiasm and revenue skyrocketSlide33
How?Slide34
First and foremost, you must be open to listening without getting defensive.Slide35
Happy employees lead to:Slide36
Higher productivity, quality, and service, which leads to…Slide37
Higher customer satisfaction, which leads to…Slide38
Increased sales via repeat business and referrals, which leads to…Slide39
Higher levels of profit, which leads to…Slide40
Higher shareholder returns (stock price or valuation)Slide41
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Before we continue...Slide42
To summarize everything we’ve just talked about...Slide43
Start to improve your company culture and everything else follows soon afterSlide44
But what can you do to improve
your company culture?Slide45
There are only 3 things you
need to focus onSlide46
Communication
Slide47
Communication
Transparency Slide48
Communication
TransparencyManagementSlide49
How can you improve company-wide communication?Slide50
Listen without getting defensiveSlide51
Listen without getting defensive
Give everyone an equal voice, regardless of titleSlide52
Listen without getting defensive
Give everyone an equal voice, regardless of titleProvide a way to share feedback anonymouslySlide53
How can you be a more transparent company?Slide54
Share more, more often with employeesSlide55
Share more, more often with employees
Be open with employees about important issuesSlide56
Share more, more often with employees
Be open with employees about important issues
Give everyone a say, not just managersSlide57
How can managers help - not hinder - your culture as you grow?Slide58
Know which managers are hindering their teamsSlide59
Know which managers are hindering their teams
Ask employees for feedback about their managerSlide60
Know which managers are hindering their teams
Ask employees for feedback about their managerFire or train poorly performing managersSlide61
A continuous focus on these 3 areas will create a
culture snowballSlide62
The Culture
SnowballSlide63
The Culture Snowball FormulaSlide64
The Culture Snowball Formula
More communication
More transparency
More actionSlide65
The Culture Snowball Formula
More communication
More transparency
More action
=
Happier employees
Higher productivity
Lower turnover
Revenue growthSlide66
How can PeopleSpark improve your company culture and help you retain your best people?Slide67
By improving the quality and frequency of communication between leaders and their teamsSlide68
Companies using PeopleSpark tell us they experience:Slide69
Frequent, effective communication that’s bottom up not top downSlide70
A transparent culture where all employees have an equal voiceSlide71
Employees who are happier, with extremely high retention ratesSlide72
Surveys
Ideas & Feedback
Insight
Request an invite
Are you ready to transform your culture?
Listen to your employees and retain your best people with PeopleSpark - the employee feedback platform.Slide73
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