STRENGTHSFINDERS STRENGTH BASED LEADERSHIP GALLUP®CONSULTING Ray Watson/Jim Downing, PhD Executive Leadership Resources, Inc. EMPLOYEE ENGAGEMENT LEVELS 100% Disengaged Not Engaged Engaged 80% 60% 40% 20% 0% Engaged SO WHAT? Engagement Scale Comparing bottom quartile Companies To top quartile companies 0 20 -10 15 10 5 0 Cust Sat Product Profits -20 -30 -40 -50 -60 -70 Absenteeism Theft Safety Incidents Quality Issues Profitable, Sustained Growth Engaged Employees, led by Engaged Customers/Clients, and Great Managers, results in GALLUP RESEARCH BASED PROCESS Over 30 years of research 80,000+ managers polled Millions of employees surveyed Thousands of companies analyzed GALLUP RESEARCH QUESTIONS “What do the most talented employees need from their workplace?” “How do the world’s greatest managers find, focus and retain talented employees?” EXECUTIVE LEADERSHIP RESOURCES, INC. (ELRI) ELRI was formed to bring the benefits of Strengths Based Leadership to 2nd Stage Companies at an affordable price. Gallup has developed programs and tools that can be provided to 2nd stage companies through providers such as ELRI. Gallup Consulting has a proven record of positive results, but the programs have only been available to the largest corporations and universities. WHAT ENGAGES EMPLOYEES? Direction - - What is organizational mission or purpose. Focus on Strengths - Put the right people on the team Based on strengths, proper employee utilization - - Put the right people in the right positions. Monitor, measure and adjust as necessary - - Keep score DIRECTION Mission or purpose statement What is offered to that market What market is addressed What makes you different •Vision •Internal, aspirational statement of goals •Strategy •Broad statement of how mission and vision will be achieved FOCUS ON STRENGTHS Primary component of Engaged Management Process Manage to strengths – do NOT correct weaknesses Strength = Talent x (Knowledge + Skills) Same top 5: 1 in 278,000/same order of top 5: 1 in 33 million 34 identified talent themes or strengths/ top 5 most important “Strengths Finder 2.0” by Tom Rath BENEFITS OF STRENGTHS APPROACH Provides insights into you and your team A nonthreatening language for discussing “people” issues Provides cues for building high-energy culture Provides direction for team building 34 TALENTS (STRENGTHS) Achiever, Activator, Adaptability, Analytical, Arranger Belief, Command, Communication, Competition, Connectedness Consistency, Context, Deliberative, Developer, Discipline, Empathy Focus, Futuristic, Harmony, Ideation, Includer, Individualization Input, Intellection, Learner, Maximizer, Positivity, Relator, Responsibility Restorative, Self-Assurance, Significance, Strategic, WOO EXAMPLE OF TALENT/STRENGTH FUTURISTIC: The future fascinates you “Wouldn’t it be great if …” You are a dreamer with a vision of what could be You can energize others “Did you ever think about?” Ask this person to share their vision with you Ask many questions to see the future as vivid as possible Team them with someone you can take dreams and put into action THE FOUR DOMAINS OF LEADERSHIP STRENGTH Executing: Those who will work tirelessly to get it done. They have the ability to “catch” an idea and make it happen. Influencing: Always selling the team’s ideas inside and out. Those who take charge, speak up, and make sure the group is heard. Ability to reach a broader audience. Relationship Building: The glue that holds a team together. They have the unique ability to create groups and organizations that are much greater than the sum of their parts. Strategic Thinking: They keep us focused on what “could” be. Constantly absorbing and analyzing information and helping the team make better decisions. They stretch our thinking for the future. “Out of the Box Thinking” PROPER EMPLOYEE UTILIZATION Describe positions in terms of strengths Compare top performing employees and lowest performing employees on strengths criteria to guide position description Use business intuition and judgment MONITOR, MEASURE AND ADJUST Sustainability of system is crucial Gallup 12 questions + 3 of employee engagement Constantly monitor and adjust as necessary SUSTAINABLE, PROFITABLE GROWTH Clear, challenging goals that are communicated to all employees Consistent with mission, vision and strategy Key performance indicators Monitor, measure and adjust Balanced Management Team YOU SHOULD AS A MINIMUM Thoughtfully create mission, vision and strategy Benchmark current employee engagement level utilizing the Gallup 12 questions + 3 Describe positions in terms of strengths Assess employee strengths and compare to position THIS IS NOT A ONE TIME EFFORT COMPOSITE EXAMPLE BASED ON ELRI EXPERIENCE Attrition/TO Issues 35 employees $8 Million in revenue Seeking growth FINDINGS 2.99 overall; okay but could be better Bottom half of 2nd quartile About 11 disengaged or disinterested employees Questions 4, 11, 15 problematic, i.e. recognition, praise, employee counseling MANAGEMENT TEAM PROFILE Executing John Responsibility Deliberative Achiever Belief Susan Achiever William Influencing Relationship Building Strategic Thinking Analytical Competition Activation Competition Self-Assurance Strategic Ideation Learner Positivity Futuristic Ron Achiever Responsibility Relator Learner Analytical Mark Deliberative Individualization Harmony Intellection Context Jim Arranger Responsibility Discipline Analytical Strategic RECOMMENDATIONS Strengthen “Influencing” and Relationship Building” dimensions Current managers may have to work out of comfort zone for a while Hold quarterly follow up meetings For next management hires look for those two dimensions IMPLEMENTATION PROCESS Administer Employee Engagement Questionnaire (Anonymously) Have all managers take Gallup assessment to determine all 34 strengths ELRI to provide first level report on findings Have all managers take StrenghtsFinders to determine top 5 strengths Have all employees take StrenghtsFinders to determine top 5 strengths Conduct Quarterly 4 hr. with all managers and leadership team to continue focus on strengths. Conduct 4hr. session with all managers and leadership team on findings ELRI to interview all managers Identify Goals based on findings CONCLUSION Purpose of business is to create transferrable value Research shows that Engaged Management Process leads to enhanced transferrable value Clear mission/vision/strategy Engaged employees, led by Great managers, results in Engaged customers, leading to Profitable and sustained growth CONTACT INFORMATION WEBSITE: WWW.EXECLEADERSHIPRESOURCES.COM RAY WATSON: 407-908-9920, ray@execleadershipresources.com JIM DOWNING: 407-247-3954, jim@execleadershipresources.com GALLUP® www.gallupstrengthscenter.com