“HSBC – BUILDING A GLOBAL COMMUNITY” Supporting material PUBLIC ENQ54786 Background Europe 74,000 Context HSBC is one of the world's largest and most complex banking and financial services organisations. Asia Pacific 114,000 North America 23,000 With offices in established and faster-growing markets, the aim of the Group is to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper. In 2011, new CEO Stuart Gulliver, set an ambitious new direction for the business, simplifying its structure and refocusing its strategy. Middle East 8,000 A root and branch re-organisation saw the formation of 4 global businesses and supporting functions. That meant significant change for all 261,000 employees. Latin America 48,000 2 267,000 employees 6,600 offices 81 countries & territories 4 global businesses & 10 global functions PUBLIC HSBC NOW Supporting material PUBLIC ENQ54786 Method deployed – Intranet hero banners Global access Each programme is promoted via a hero banner on the global intranet homepage 4 PUBLIC ENQ54786 Method deployed – HSBC NOW landing page A dedicated hub for HSBC NOW Tell Us NOW – area where employees can submit their stories, provide feedback and pursue presenting opportunities Main programme media player Programmed is subtitled in 7 different languages Employees can ‘snack’ on chapters within each episode Employees can select most popular content in the featured playlist 5 PUBLIC ENQ54786 Method deployed – Campaigns and competitions Drive viewers to the program Employees are offered the chance to participate in some of HSBC's biggest sponsorship activities including major sporting events. This not only drives employees to the programme and builds awareness through word-of-mouth, it also helps employees engage with the brand. 6 PUBLIC ENQ54786 Outcomes – HSBC NOW stories from around the world Where our stories came from in 2012 Greece Switzerland UK Turkey China Canada Jersey Kuwait Japan USA UAE Singapore Mexico Indonesia France Malaysia Brazil Argentina Libya Australia Egypt India 7 PUBLIC Sense of global community and advocacy are boosted the most by watching HSBC NOW Advocacy Recommend HSBC products and services to friends and family members Detailed feedback on HSBC NOW Seven in ten feel more connected to HSBC after watching HSBC NOW 15 point uplift Community Feel part of one global HSBC community 15 point uplift How people are watching HSBC NOW… 85% found the content clear think that duration is about right 81% 81% trust the content feel that the content is relevant to them HSBC NOW at home A large proportion of employees have access to the internet at home, have watched TV/YouTube online at home, and would be willing to watch HSBC TV programmes via the internet at home Watched as part of a team meeting 8% Watched on a plasma screen at work Watch HSBC NOW on the intranet at their desk 85% Opportunities to increase viewing… 8% 78% ENQ54786 Outcomes – What impact is HSBC NOW having on engagement? 3% Watched at a town hall meeting 8 94% have internet access at home 67% 65% watch TV online at home would be prepared to watch HSBC NOW on internet at home PUBLIC Definitely provided a sense of a global community, segments were short and focused Good balance between business related topics. It really helps to understand the Group's approach to these subjects Thank you for having the Thailand flood report. I feel we are part of a supportive global community I like the humanity with which it was delivered. Not too much preaching, just informative and personable I think this programme is a great idea. Having viewed it, I feel truly joined up and more aware of what is happening across the group – it also reiterates that no matter what territory you work in we are all going in the same direction I’ve been waiting a long time for a communication linked to the news in the world. I felt like HSBC was not part of the real world ENQ54786 Outcomes – The feedback tells us that HSBC NOW really is connecting people… With this programme we can see that all around the world HSBC employees have similar problems and we can exchange global lessons learned 9 I feel connected in a global way, this website is amazingly powerful in the message it delivers. It fits perfectly with our strategy and gives it life in a unique way Kudos on launching such a great and useful initiative. I am impressed by the quality of the production, and appreciate the effort being made by the Group to bring its many employees together The quality is good and the content fantastic. It makes me feel closer to the brand PUBLIC External access allows HSBC NOW to remain relevant, accessible and truly global 10 PUBLIC ENQ54786 The future of HSBC NOW We will launch on YouTube in May 2013, followed by smartphone apps later in the year HSBC EXCHANGE Supporting material PUBLIC ENQ54786 Objective The Communications Team felt that a move to a more facilitative approach to communication would help to motivate and engage employees through the change. Based on the simple principle that if someone is worth talking to, they are worth listening to, they wanted the employee to be at the centre of this new approach. They wanted to give them the opportunity to speak out and be heard but also support managers in doing this. They chose to do this through a globally consistent team meeting which became known as Exchange. Stakeholder Objective Employees To improve the opportunity for employees to speak honestly (to >70%) To help all employees better understand the perspectives of others (to >70%) Managers To gain new insights on the thoughts and feelings of their teams (to >70%) To establish HSBC Exchange as a regular forum Regional Leadership Provide insight as to what is on the minds of employees in their terms Overall - volume Achieve a statistically relevant sample; to prove HSBC Exchange will have impact at HSBC 12 “Exchange is a recognition of human nature – the need to talk about what matters to us directly. Too often, organisations constrain this most basic of needs with surveys, structures and hierarchies that prevent people from having a conversation.” Pierre Goad, co-Head of Global Communications PUBLIC ENQ54786 Strategy What is Exchange? Traditionally team meetings in HSBC are led by a manager with agendas and action points. Exchange turns that on its head. Exchange meetings are led by employees who talk about whatever is on their mind from the coffee in the canteen to the latest issues affecting their business. Managers are asked to encourage participation from everyone and above all, to listen. After the meeting, they record the topics discussed and sentiment expressed on a portal. This aggregates the Exchanges right across the globe to provide a picture of what is on employees’ minds in their terms. By formalizing and recording these conversations HSBC is cementing the importance of the employee voice but also providing the kind of insight that surveys and feedback channels simply cannot. By not having an agenda, employees talk about the issues that are important to them. The value is felt locally as teams are having conversations they might not normally have – in an open and honest forum with their colleagues – but also globally with valuable insight for the leadership of the Group to support their decision making for the business as a whole. 13 “There were so many events that had taken place over the last couple of years. They all had impact on our lives and hence it was more relevant that this forum provided the opportunity to discuss them.” Participant feedback PUBLIC ENQ54786 Strategy How does it work? The manager then records basic information like the number of attendees and then describes the key topics discussed and how people felt about those topics The output of all Exchanges is collated into a single report for the CEO and Board highlighting what is on the minds of employees across HSBC Every manager is asked to run an Exchange. Rather than having a fixed agenda led by the manager, there is no agenda. The managers listen and record the themes discussed and how people felt about them 14 PUBLIC ENQ54786 Reporting The insights gathered from every Exchange are brought together in a quarterly report for the CEO. Positive sentiment At a basic level, it highlights the major issues on the minds of employees but also shows: The relationship they perceive between issues e.g. bureaucracy and customer service or organisational change and career development Horizon issues that might not be major now but may be ‘bubbling under’ Consistent themes with detailed analysis behind each one Neutral sentiment This gives the CEO a clear view of what is on the minds of employees. Key meeting metrics Negative sentiment Within the ‘cloud’ words that are close together in location and size reflect those with a causal relationship Top 5 topics discussed 15 PUBLIC ENQ54786 Method deployed Although Exchange is led by employees, getting managers comfortable with running a session was key to the project working. Therefore, much of the communications effort was designed to address their concerns. The team used a series of tactics; from in-depth managers’ guides to WebEx calls with local managers and communicators, to introduce Exchange and discuss insights from a regional pilot. Main outputs Campaign materials: Posters, video and online materials translated into 8 languages WebEx calls with managers and local communicators to help address concerns, build understanding, and brief managers on how to run a good Exchange Managers’ and communicators’ guides Online portal for managers to record the discussion Reporting and analysis at a Group and Regional level 16 PUBLIC ENQ54786 Method deployed Manager and Communicator Toolkits and Guides Communicators WebEx Online materials 17 PUBLIC “There were so many events that had taken place over the last couple of years. They all had impact on our lives and hence it was more relevant that this forum provided us the opportunity to discuss them.” “The fact that my opinion is valued and could impact the top management decisions, gives me the feeling that I am truly a stock holder.” ENQ54786 Outcomes Participant feedback “I had the opportunity to listen to alternate perspectives from my colleagues and the meeting generally improved bonding within the team.” Exchange is an on-going activity – over 24,000 employees have attended and experienced an HSBC Exchange meeting in just 3 months. From over 1,000 participants surveyed after participating in Exchange sessions: “[Exchange] allowed for some interesting perspectives to be shared from colleagues who do not always voice their opinions.” Managers 95% said they had a positive experience of the meeting 88% said it provided them with new insights on the thoughts and feelings of the people in their teams 95% said they would recommend running an Exchange to their peers Employees 86% felt it gave them the opportunity to speak honestly 85% felt it helped them better understand the perspectives of their colleagues 88% said they would recommend attending a meeting to their colleagues 18 PUBLIC