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Updates:
April 2010:
Expert Insights - Creating a Team-Building Culture
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Executive Briefing
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Join other leaders who are maximising business performance
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Managing Human Capital in Unprecedented Times
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Is your Organisation "Best-In-Class"?
May 2009:
Now is the time to Review your Screening & Selection Processes
March 2009:
Candidate Screening & Downsizing - How to make it effective!
January 2009:
All Managers can be Great Coaches
December 2008:
Study proves that Managers rarely understand the Success Factors of their employee
November 2008:
Perhaps if I starve the patient
that will make them stronger
October 2008:
Developing Courageous Leaders
September 2008:
Low Cost Employee Perks that won't punish your bottom line
August 2008:
Lessons of the Square Watermelon
The Economic Case for Performance Management
(The Forum for People Performance Management and Measurement)
This is a must read article from "The Forum" quantifying the economic benefits of employee engagement that even the most cynical executive cannot ignore.
Some excerpts:
"...research found that companies with highly engaged employees have lower staff turnover rates, lower absenteeism, higher customer satisfaction and loyalty."
"Among the findings were that among the companies with high levels of employee engagement, operating income improved by 19.2% in the 12 months, while companies with low levels of engagement saw their operating income decline by 32.7%."
"Further, over the same period, the more highly engaged group of companies saw its net income rise by 13.7%, verses a 3.8% decline for peer companies."
"In yet another measure, earnings/share (EPS) rose by 27.8% among the companies with highly engaged employees, this compares to an EPS decline of 11.2% for the other analysed companies."
Strategically minded executives must embrace a radical idea: changing financial-performance metrics to focus on returns on talent rather than returns on capital alone.
Up until now there have not been any quantifiable financial benefits associated with increasing employee engagement.
Now that there is, every business owner and executive should ensure that this economic driver is not only included in the organisational KPIs but also the KPIs for every individual with people management responsibilities.
The eight key drivers for employee engagement are:
1. Trust and Integrity – how well managers communicate and 'walk the talk'.
2. Nature of the job –Is it mentally stimulating day-to-day?
3. Line of sight between employee performance and company performance – Does the employee understand how their work contributes to the company's performance?
4. Career Growth opportunities –Are there future opportunities for growth?
5. Pride about the company – How much self-esteem does the employee feel by being associated with their company?
6. Co-workers/Team Members – significantly influence one's level of engagement
7. Employee development – Is the company making an effort to develop the employee's skills?
8. Relationship with one's manager – Does the employee value his or her relationship with his or her manager?
Profiles International has the recruitment and performance management tools to directly improve six of these eight key drivers, especially the most important driver being “the direct relationship with one’s manager”.
In recent studies it has been proven that the solutions provided by Profiles International deliver an average Return On Investment (ROI) of more than 26 times the investment.
If you would like your leaders to lead and develop their employees with the same passion that they lead and develop their clients, then contact your Profiles International representative to organise an obligation free consultation.
At Profiles International we seek to solve your employee related challenges. Whether you are looking to reduce employee turnover, provide leadership training and development, decrease employee theft, increase productivity and customer service levels, improve employee motivation and engagement or increase sales, we have the employee training, management and hiring tools to help you succeed.
By providing the critical information missing from traditional hiring and management practices, Profiles International will help you improve your existing candidate selection, employee evaluation, coaching and training programs. We offer a full suite of employee assessments and surveys to help companies of all sizes achieve more from their most important asset......their people.
If you would like to explore how Profiles International can provide you with effective solutions please email or alternatively call us on (02) 9936 9000.