Workforce Engagement Linda Bounds V.P. Financial Services MidwayUSA What is Workforce Engagement? “The extent to which your workforce is emotionally and intellectually committed to accomplish your organization’s work, mission and vision.” Why is it Important? Engagement characterized by: 1. Meaningful work 2. Clear organizational direction 3. Performance accountability 4. Safe, trusting, effective and cooperative work environment 5. Work is aligned with the employee’s personal values How do you achieve high levels of Workforce Engagement? Five Key Steps 1. Establish Framework 2. Hire for Values and Culture 3. Design Processes to meet Employee Key Requirements 4. Measure Results 5. Listen, Learn, Improve Step 1: Establish Framework • • • • • Mission Statement Culture Statement Operational Goals Strategies Governance Step 2: Hire for Values and Culture • Strategy • Alignment with Values • Alignment with Culture • High Performance Step 3: Design Processes to Meet Employee Key Requirements Step 3: Employee Key Requirements • • • • • • Benefits Work place environment Accountability Training and Development Rewards and Recognition Communication Results Step 4: Measure Results Measure Employee Satisfaction with E-Sat Survey Employee Satisfaction Overall Measure Actual Goal Actual 82% Goal 87% E-SAT Rollup (overall score) 86% 85% 86% 92% Employee engagement 90% 90% Measure the Processes affecting Employee Satisfaction 7.2 Employee Satisfaction 7.2.1.1 % of Employees in Position at or above 75th Percentile 7.2.3.1 Promotions from Within 2013 Q1 2013 Q3 Actual 69% Goal 100% Actual 69% Goal 100% 87% 75% 80% 75% Step 5: Listen, Learn, Improve The Process Take-Aways 1. 2. 3. 4. 5. 6. 7. It’s Extremely Important – No. 2 Goal Remember Five Key Steps Must have Top-Level Involvement Our Approach (the Process) It’s a Journey, not a Destination Listen, Learn, Improve Steal Shamelessly and begin today! Thank you for your time today Questions?