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“The Status Quo is No Way to Go!” Engage Employees Reduce Costs Increase Profits. Prepared for IMC By HRGroup, LLC April 2011. Engage Employees. International Symbol for Putting Your Butt on the Line. Prepared for IMC
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“The Status Quo is No Way to Go!”Engage EmployeesReduce CostsIncrease Profits Prepared for IMC By HRGroup, LLC April 2011
Engage Employees International Symbol for Putting Your Butt on the Line Prepared for IMC By HRGroup, LLC April 2011
Employee Engagement Poll Prepared for IMC By HRGroup, LLC April 2011
30% Engaged Prepared for IMC By HRGroup, LLC April 2011
52% Not Engaged Prepared for IMC By HRGroup, LLC April 2011
18% So Disengaged That They Work Against the Organization’s Goals Prepared for IMC By HRGroup, LLC April 2011
45% Plan to Change Jobs Prepared for IMC By HRGroup, LLC April 2011
48% Not Satisfied with Boss Prepared for IMC By HRGroup, LLC April 2011
59% Not Satisfied with Level of Support from Colleagues Prepared for IMC By HRGroup, LLC April 2011
76% Not Satisfied with Career Growth Prepared for IMC By HRGroup, LLC April 2011
Engage Employees What can managers do to improve engagement? Prepared for IMC By HRGroup, LLC April 2011
Improve Engagement Listen to Employees’ Opinions Prepared for IMC By HRGroup, LLC April 2011
Improve Engagement Communicate Clear Expectations Prepared for IMC By HRGroup, LLC April 2011
Improve Engagement Give Praise and Recognition Prepared for IMC By HRGroup, LLC April 2011
Improve Engagement Provide Learning and Development Opportunities Prepared for IMC By HRGroup, LLC April 2011
Engage Employees Good People Don’t Leave Companies… Prepared for IMC By HRGroup, LLC April 2011
Engage Employees …They Leave Poor Managers!! Prepared for IMC By HRGroup, LLC April 2011
Don’t Assume… “that workers need the company more than the company needs them They know they can leave – they have mobility and self confidence!” Prepared for IMC By HRGroup, LLC April 2011
As a Result… “They have to be treated and managed as volunteers…” Peter Drucker Prepared for IMC By HRGroup, LLC April 2011
The Status Quo is No Way to Go!! Motivated Competent Not Motivated Competent 23% 60% Not Motivated Not Competent Motivated Not Competent 14% 3% Prepared for IMC By HRGroup, LLC April 2011
Employee Breakdown #1 Motivated, Not Competent #2 Motivated, Competent #3 Not Motivated, Competent #4 Not Motivated, Not Competent Prepared for IMC By HRGroup, LLC April 2011
How to Calculate the Cost… We need: • Number of Employees • Average Salary • Productivity Level Prepared for IMC By HRGroup, LLC April 2011
The Status Quo Company Name: XYZ Company Total # of Employees: 100 Quadrant #3 Not Motivated, Competent # of Employees: 23 Average Salary: $42,000 Quadrant #2 Motivated, Competent # of Employees: 60 Average Salary: $40,000 Productivity Level: 65% Productivity Level: 90% Quadrant #4 Not Motivated, Not Competent # of Employees: 3 Average Salary: $42,000 Quadrant #1 Motivated, Not Competent # of Employees: 14 Average Salary: $25,000 Productivity Level: 25% Productivity Level: 50% Prepared for IMC By HRGroup, LLC April 2011
Do the Math!!!!! Average Salary Productivity Loss Productivity Loss per employee # of employees x = x Equals… The Cost of Status Quo!! Prepared for IMC By HRGroup, LLC April 2011
The Cost of Status Quo Total Cost = $847,600 Prepared for IMC By HRGroup, LLC April 2011
The Bottom Line • 50 employees = • 25 employees = • 12 employees = • Per Employee = $423,800 $211,900 $101,712 $8,470 Prepared for IMC By HRGroup, LLC April 2011
Strategies for Each Quadrant #1 Motivated, Not Competent #2 Motivated, Competent #3 Not Motivated, Competent #4 Not Motivated, Not Competent Prepared for IMC By HRGroup, LLC April 2011
Engage Employees Prepared for IMC By HRGroup, LLC April 2011
HRGroup, LLC • Phone: 480-753-6188 • Website: www.hrgrouponline.com • Email: info@hrgrouponline.com Prepared for IMC By HRGroup, LLC April 2011