2 - People: Employee Engagement and Retention (From Study Group) Flashcards
Appraisal Meeting
Proper documentation is critical:
- Timely
- Specific and objective
- Accurate and consistent
- Discuss and agree on ratings
- Set objectives for next period
- Create plan to implement
- Discuss follow-up
- Discuss what will be accomplished
Authoritarian Culture
- Power resides with top-level management.
- Employees have no involvement in the decision-making or goal-setting processes.
Business Case
Connect engagement with drivers of organizations strategic goals
Career Development
- Opportunities for advancement
- Access to and support for learning and development
Category Rating
Performance Appraisal Method
- Graphic scale
- Checklist
- Forced choice
Challenges of Engagement
External Stressors
- Global competition
- Economic conditions
- Continuous innovation
- New technology
Internal Stressors: Difficulty maintaining work/life boundaries
- Mobile workplaces
- 24/7 contact
HR needs to make the business case for investing in employee engagement
Common Engagement Drivers
- Satisfying work and job opportunities
- Confidence and trust in leaders
- Recognition and rewards
- Timely and orderly communicaiton
Comparative
Performance Appraisal Method
- Ranking
- Paired-comparison
- Forced distribution
Compensation and Benefits
- Competitive wages and benefits
- Work/life balance programs
Desired Outcomes of Performance Appraisal
- Constructive feedback and improved productivity
- Training and developmental needs
- Clear expectations
- Commitment and mutual understanding
Determining Actions from Survey Results
- Identify drivers of engagement with each survey.
- Identify which engagement drivers can be realistically addressed.
- Make action plans realistic and measurable.
- Track and communicate efforts and results.
Employee Engagement
- Embodies broader concept than employee satisfaction, commitment, and morale
- Involves employee behaviors that positively influence individual- and business-level performance
- Characterized by a desire to stay with the organization in the future and willingness to “go the extra mile”
Employee Engagement & Well-Being
Employee Engagement Benefits
Gallup analysis of data from 230 organizations showed a correlation between employee engagement and business results.
- Customer ratings
- Profitability
- Productivity
- Turnover
- Safety incidents
- Shrinkage (thefts)
- Absenteeism
- Quality (defects)
Employee Life Cycle (ELC) Phases
Employee Surveys
Purpose: Collect and assess employee perceptions about the work environment
Benefits: Numerous if properly designed and administered and results are communicated and visibly acted upon
Types of Employee Surveys
- Attitude
- Opinion
- Engagement
Engagement Metrics
Focus on:
- Measuring outcomes with strategic significance.
- Specific metrics before and after implementing an engagement initiative
Metrics could include:
- Employee absence rate.
- Workers’ compensation incidence rate.
- Monthly voluntary turnover rate.
- Revenue per employee.
- Yield ratios.
Engagement Outcomes
Engagement Drivers
- Say—Speak positively about the organization
- Stay—Have an intense sense of belonging and a desire to be a part of the organization.
- Strive—Are motivated and exert effort toward success in their job and for the company.
Engagement Practices During Separation
The employer brand is strengthened by:
- Humane and honest behavior during workforce reductions.
- Exit interviews that uncover obstacles to engagement.
- Well-handled separation processes.
- Creation of an alumni network.
Maintaining awareness of engagement during separation can lead to the eventual return of valued employees or valuable referrals of new employees.