Motivating smart

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    11-Jan-2015

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Motivating smart principles include creating a family-like community

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  • 1. Motivating Smart Cutting-Edge Employee Management Practices for the New Economy The Smart Guide to Human Resource and Management Seminars Presented by Warren J. Rutherford The Executive Suite
  • 2. Program
    • Motivating Smart Survey
    • Our new economy knowledge based
    • Company future strategies planning
    • The Family Like Community
    • Alignment to do the Right Things Right
    • Decision-making & Behavior Styles
    • Steps to doing the Right Things Right
  • 3. Motivating Smart Survey Please rank on a scale of 1 to 5, 5 being the highest, your companys score for each statement below. Statement Score
      • Average Score = (Total/5)
    • We have open and honest communication that empowers employees.
    • Employees hold each other accountable against agreed upon plans and standards.
    • Employees are committed to jointly owned, shared goals, values, and beliefs.
    • Employees consider their jobs rewarding and interesting.
    • Employees' values, motivations, and talents are understood and measured.
  • 4. Motivating Smart Survey
    • Results -
      • If your average score is 4 to 5, you are motivating smart.
      • If your average score is 3 to 3.8, you are in the caution zone & need improvements to your motivating program. You can benefit from better alignment, making you much more productive & profitable.
      • If your average score is < 3, you are in the danger zone & are probably out of alignment, may have poor motivational programs, and are much less productive & profitable than you could be.
  • 5. The Economy We Knew
    • 1978 NYU Stern School of Business Study (5,000 companies)
    • 95% correlation between balance sheet and business value
  • 6. The New Economy We Need to Know & Understand
    • 2005 NYU Stern School of Business Study
    • 28% correlation between balance sheet and business value
    • Intangibles the 72%
      • Intellectual Property
      • Strategy
      • Brand
      • Systems
      • Processes
      • Access to Capital
      • Off balance sheet items
      • Customer reputation
      • Executive Team
  • 7. Why it is Important!
    • Only 5% of a workforce understands their companys strategy.
    • Only 15% of senior management spends more than 1 hour a month defining strategy and aligning operations to it.
    • Only 25% have their operations aligned to the strategy.
    • Only 40% align company from budget to strategy.
    • David Norton, Balanced Scorecard Report, Vol. 3, No. 5 (Sep/Oct 2001)
  • 8. Strategies to Succeed
    • How do people contribute to the success of our business?
    • Cornell Study
      • Workforce alignment requires -
        • The right types of people,
        • In the right places at the right times,
        • Doing the right things right.
        • A company with the right types of people has employees with the knowledge and skills necessary to help that company achieve its goals.
  • 9. Family Like Community
    • 3 different strategies used to motivate people
      • Family Like Community employees are motivated primarily out of a sense of responsibility to one another and the company;
      • Interesting & Rewarding Jobs employees are provided with challenging work opportunities and chances to learn and grow; and
      • Fair Compensation Companies use compensation to motivate people & pay higher wages than their competitors. They also use incentives to attract, reward, and retain their people.
    • Creating a Family Like Community were found by the Cornell researchers as strongly and positively related to creating the best, long-term workforce alignment.
  • 10. Alignment Enhances Productivity and Profit
    • Doesnt it make sense that -
      • An aligned workforce increases productivity and profit,
      • We need to better understand our employees to further drive the success, growth, and performance of our business.
    • A study of large publicly traded firms, found that companies using high performance human resource practices have market values that range from between $16,000 and $40,000 per employee higher than firms that do not use such practices.
  • 11. Aligning Your Company Practices to Motivate People to do the Right Things Right Requires You To -
    • Develop your companys long-term strategy and plan with your employees
    • Develop a comprehensive orientation program for all new employees;
    • Hold company-wide meetings to share information about the company with your employees on a quarterly basis & openly share information with your employees regularly;
    • Sponsor company social events;
    • Work hard to create a strong social environment at work; and
    • Offer profit or gainsharing pay.
  • 12. How Employees (& Owners ) Think
    • There are 3 ways we can think about anything
      • Our head systems & structure
      • Our hands practical, lets get it done
      • Our heart empathy, the impact on others
    • Each of us has a different balance of these 3 styles & explains why our decisions and actions are different.
    • The way we make decisions & how we use them are at the core of who we are. They are key to our preferences, our strengths, and our weaknesses.
    • If you know your strengths, how can you use them to positively influence the company?
    • How does knowing that help to ensure that employees can contribute more (or less) to certain desired activities?
    • We know that balanced decisions involve each of these 3 styles.
    • Think Company-Person Alignment & Workforce Alignment.
  • 13. How Employees (& Owners ) Behave
    • There are a variety of behavioral assessments in the marketplace, we will discuss DISC.
      • D = Decisive ( Problems ) Problem-solver, results-focus,
      • I = Interactive ( People ) Interact with others, show emotions,
      • S = Stability ( Pace ) Persistent, steady,
      • C = Cautious ( Procedures ) Standards, protocols
    • Being self-aware (and aware of others behaviors) often can assist employees to contribute in ways that are more natural for them.
      • Understand how to communicate better,
      • Identify the ideal job climate,
      • Be more effective,
      • Develop a motivational work climate,
      • Know what they can improve on, and
      • Understand how they share and learn.
  • 14. Developing Your Companys Long-Term Strategy and Plan
    • Develop the Strategy and Plan with your employees
      • Use a facilitated process to discuss company-wide
        • SWOT,
        • Go