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Inspirize HR Consulting

Inspirize HR Consulting. Improving your Company Counterintuitive approaches in an economic downturn. Moon in the Sky Car in the water. It’s all about EVA ( E conomic V alue A dded). The ultimate measure of success How does your company create value? How do your people create value?.

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Inspirize HR Consulting

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  1. Inspirize HR Consulting Improving your Company Counterintuitive approaches in an economic downturn

  2. Moon in the Sky • Car in the water

  3. It’s all about EVA (Economic Value Added) The ultimate measure of success How does your company create value? How do your people create value?

  4. Intuition and… • Advertising and training budgets • “Company improvement” budget • The message you send people now • The impact on your company later

  5. Working with “EVA” • Be selective (“influencers?”) • Engage / empower high-performers • Realign and Benchmark

  6. Ex-post evaluations (control groups) • Technological alternatives • Partner wisely

  7. How does your company create value… What do… Company leaders Business Units End-users Have to tell you?

  8. How/where people can create value Leadership effectiveness assessment 360-degree, individual/group coaching Team effectiveness assessment, streamlining processes, breaking down silos for stronger sense of team

  9. Organizational effectiveness assessment, “gaps” between actual and desired performance • Pre-empt longer term threats/future costs

  10. Optimize resources now Your people are one resource… … 100% within your own span of control (nurture them!)

  11. Nurturing TALENT Cranfield School of Management report: organizations that invest in their staff are best placed to: • save money (44%) • improve staff motivation (33%) • increase employee retention (52%)”

  12. Success stories from last downturn: Southwest airlines Viacom Dell launch of Microsoft HP Wikipedia How well are you positioning your company for the up-turn?

  13. Shift leadership focus from “having” to “being” NURTURING LEADERS IN A DOWNTURN

  14. Nurturing teams Work on: • Expand “spans of control,” responsibilities and accountabilities. • Create alignment and urgency geared to business results and maximizing engagement. • Increase cross-functional communication and cooperation, streamlining processes and breaking down “silos”

  15. FIVE “must-haves” for an economic downturn training strategy Senior management support as resource people and “signers off” on your plan. Communicate how your training relates to bottom-line business results and to professional and personal development Secure a realistic and preferably centralized budget.

  16. “Must-haves” for training in an economic downturn Build needed resources into the strategy Measure ROI by agreeing on measures to ensure results and impact can be tracked and evaluated. …and “deliver the goods”

  17. “Change the way you look at things and things will change the way they look”

  18. www.inspirize.biz 6

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