https://youtu.be/jqQvjCZ_fMg We know it’s not business as unusual, but most companies and their employees are getting back to business albeit in different ways. Many employees are at the point where they desire some normalcy and routine. Some employees are still going to work but with safety modifications or with a lot fewer people in the office. Others are working remotely for the first time. Some employees are being separated but are being told that employers will want and need them back in the future. Uncertainties remain but as time marches on there are some principles to keep in mind:
We are currently seeing more employees working from home than ever before. As companies scramble to put procedures in place that will allow more employees to telecommute, the ability to measure morale and job satisfaction becomes a priority. When you aren’t seeing your team on a daily basis in the office, it’s more difficult to assess the morale of your staff. Because morale is essential for overall employee engagement and ultimately company productivity, it is more important than ever to use timely and psychometrically sound tools to determine both the morale and engagement of your staff. Annual surveys–while important–are evolving into a continuous dialogue with employees. During these uncertain times, these tools are more important than ever because they become a way to capture the employee voice and let employees know management wants to hear them. Specifically, these pulse surveys are key to keeping a handle on the temperament of your workforce.
This post was co-written by Dr. Brad Shuck, Associate Professor Department of Educational Leadership, Evaluation and Organizational Development at the University of Louisville. The latest research is very clear that even before COVID-19 changed the way we work and lead, community, collaboration, and connection were emerging currencies into today’s workforce. While many organizations focused on the tangibles — free coffee in the break room, flexible benefits, recognition strategies — employees who told us they felt connected to the organization emotionally were more likely to stay engaged, outpace their competition, and stay longer. But now, all that has changed. Or, has it. As global circumstances are shaping how we work and uncertainties loom, it seems that messages of connection, community, and collaboration have never been more important. Right now, there is a lot of confusion, uncertainty, and anxiety in the workforce, but it is normal and okay to feel this way. Many companies are offering tips and hacks on how to build a home office or adjust work schedules, but few people are talking about the feelings associated with this change and how to process these feelings. Routines will be critical in the next few weeks – establishing them and maintaining them. For many, we need routines; they provide some comfort in a world that is becoming more uncomfortable. But, as a leader, the best thing you can do for your employees is to remain present, communicate clearly, share support, offer encouragement, and show relentless compassion. It is not business as usual, and you should not lead that way. We can learn a lot about crisis leadership and applying those principles to our place of work – and our businesses. Three areas to focus on in the coming weeks: communication, clarity of vision and values, and maintaining community.
According to Gallup, employee engagement in the U.S. has ticked up a bit and now stands at 34%. The bad news, of course, is that if about one-third of workers are engaged, two-thirds aren’t. What’s worse, a troubling 13% are “actively disengaged.” That phrase, selected by workers themselves, is subject to interpretation—but at the very least, it means that more than 1 of every 10 American employees isn’t happy with his or her job and probably looking for new opportunities. Why is that important? It’s important because employees who leave your business cost you money. According to Forbes, the cost to replace an entry-level employee is 50% of that employee’s annual salary. For mid-level employees, that number jumps to 125%, and for executives, it’s about 200%. Think about that: to replace a manager who makes $50,000 a year, your company will need to spend (on average) $62,500. If you have 100 employees and 10 of them leave, the cost will be a staggering $625,000. There are probably as many reasons employees move on to new positions as there are employees who leave. That said, the top reasons include things like disengagement, ineffective managers, lack of challenge, feeling overworked and the perceived lack of career advancement opportunities. That, of course, begs an important question: what can businesses do to minimize employee attrition by enhancing the experience of their employees?
“Employee journey mapping is a discipline that can help ensure your employees have positive experiences with your organization from their first impression onwards. Much like customer journey mapping, employee journey mapping requires you to visually plot out the end-to-end experience your employees have in the early stages of their tenure with your business, helping to identify areas for improvement, and brings awareness to the good and the bad parts of the experience.”
According to McKinsey, 80% of executives agree that innovation is a top priority for their companies. Another analysis shows that innovative companies grow faster and are more profitable than those who do not have an innovative corporate culture. About 50% of the S&P 500 are forecasted to be replaced in the next ten years. These are staggering statistics, but what do they really mean? Let’s explain by example.
Analytics has always had a place in operations such as marketing and sales, but its use in human resources is not as common. And it might not seem like there is a connection at all. How can you use data to understand people? Or to measure performance? Isn’t HR an inherently qualitative department, more about understanding people rather than using data and numbers? That’s usually the common idea around why data is not used in this capacity– it just doesn’t seem like there’s a place for it. But that couldn’t be further from the truth. Qualitative and quantitative data aren’t mutually exclusive. The combination of the two is what creates a truly optimized Human Resources function with a genuine understanding of what the department is able to accomplish. Moreover, it’s a fundamental component of attracting, developing, and retaining talent within your company. Here are some of the key components:
Reacting to clients’ needs for accurate, rapid, cost-effective solutions, HSD Metrics continuously innovates its reporting features and technology.