?to fit your company's culture?info.tabboards.com/marketing/business pulse/october... · to...
TRANSCRIPT
Demonstratestronger
leadershipStrengthen the personal
connection between employees and customers
Promote greater transparency
at all levels
20%28%30%
www.TheAlternativeBoard.com
From the August 2016 Business Pulse survey sponsored by The Alternative Board (TAB) and distributed by Symaction.com.
HOW TO IMPROVE COMPANY’S CULTURE?
Increaseprofitability
Adaptthe culture
to your people
Upgrade the physical
working environment
14%8%
Hire people who fit your culture
91% 9%
Employee satisfaction
Physical working
environment
6%
2%
Style of management
/leadership
39%
The employeeexperience
30%
Company policies 5%
Companyreputation 18%
HOW DO YOU DETERMINE WHETHERA PROSPECTIVE EMPLOYEE IS LIKELY TO FIT YOUR COMPANY'S CULTURE??
Getting feedback from my employees about
the candidate 64%
Observingthe candidate's
interactions withmy employees
56%Conducting personality tests 37%
Other methods
5%
Gettingfeedback from the candidate's
references 49%
Hiring on a trial basis
43%
Researching the candidate via
social media and websites
42%
None 1%
Accurately 79%
Not Accurately 21%
Average/weak culture (1-7)
66% can
Strong Culture (8+)
90% can Accurately 72%
Not Accurately 25%
Average/weak culture (1-7)
58% can
Strong Culture (8+)
84% can
MY EMPLOYEES CAN ARTICULATE OUR CULTURE THE WAY WE DEFINE IT.
MY CUSTOMERS CAN ARTICULATE OUR CULTURE THE WAY WE DEFINE IT.
TAB Business Pulse Survey
WHAT MAKES A CULTURE STRONG? ...culture is a major contributor to their company's SUCCESS, believe in the value of having a strong culture, and apply it in nearly everything they do.
86% of Interviewees
agree, that...
WHOHAS THE MOSTINFLUENCEON CULTUREIN COMPANY?
WHATHAS THE
GREATESTIMPACT
ON ACOMPANY’S
CULTURE?
63%
Businessowner
16%Senior
executives
11%Employees
7%Mid-levelmanagers
WHAT IS YOURGREATEST CHALLENGE
WHEN EMPHASIZING A STRONG CULTURE? 43% 34% 18%
6%
Ensuring that we practicewhat we preach
Maintaining a culture while trying to keep
our sights set on profitability
Creating a desirable culture for our entire
team
*Allocating funds toward a culture that may not always produce a noticeable return on investment
*
More incentives
11%
More trust 44%
More transparency 24%
More control 21%
WHAT IS MOST EFFECTIVEIN MOTIVATING
EMPLOYEES?
WHAT ISMOST IMPORTANT
ABOUT A COMPANY'S CULTURE?
Empowers people
Delivers results 25%
Promotes teamwork 22%
Offers a unique experience
43%
9%
WHAT IS MORE EFFECTIVEIN ORDER FOR CULTURE TOBE SHARED AT ALL LEVELS?
IN WHICH AREAS DO YOU SPEND THE MOST TIME AND MONEY WHEN IT COMES TO YOUR COMPANY'S CULTURE?
Employee motivation & collaboration 35%
Reputation to outside stakeholders (customers, community, etc) 22%
Leadership 20%
Physical working environment
Employee incentives
11%
7%
6%
Company policies
11%
$
39% 39%
10%FINANCIAL GROWTH
PRODUCTIVITYEMPLOYEE MORALE
EMPLOYEE TURNOVER
WHERE DOESA COMPANY’S CULTURE HAVE THE GREATESTIMPACT?
Conducting interviews
91%
WHEN YOU THINK OF A COMPANY'SCULTURE, WHAT COMES TO MIND?
2% Customers
* When asked to rank
their companies culture on
a scale of 1 to 10,
results in the 1-7 range
equal an average/weak
culture. Results
in the 8+ range
equal a strong
culture.
Flexible Hours & Scheduling
Advancement Opportunity
Continuing Education & Training
Mentoring
An Enjoyable Physical Working Environment
Telecommuting
Demonstratestronger
leadershipStrengthen the personal
connection between employees and customers
Promote greater transparency
at all levels
20%28%30%
HOW TO IMPROVE COMPANY’S CULTURE?
Increaseprofitability
Adaptthe culture
to your people
Upgrade the physical
working environment
14%8%
Hire people who fit your culture
91% 9%
Employee satisfaction
Physical working
environment
6%
2%
Style of management
/leadership
39%
The employeeexperience
30%
Company policies 5%
Companyreputation 18%
HOW DO YOU DETERMINE WHETHERA PROSPECTIVE EMPLOYEE IS LIKELY TO FIT YOUR COMPANY'S CULTURE??
Getting feedback from my employees about
the candidate 64%
Observingthe candidate's
interactions withmy employees
56%Conducting personality tests 37%
Other methods
5%
Gettingfeedback from the candidate's
references 49%
Hiring on a trial basis
43%
Researching the candidate via
social media and websites
42%
None 1%
Accurately 79%
Not Accurately 21%
Average/weak culture (1-7)
66% can
Strong Culture (8+)
90% can Accurately 72%
Not Accurately 25%
Average/weak culture (1-7)
58% can
Strong Culture (8+)
84% can
MY EMPLOYEES CAN ARTICULATE OUR CULTURE THE WAY WE DEFINE IT.
MY CUSTOMERS CAN ARTICULATE OUR CULTURE THE WAY WE DEFINE IT.
...culture is a major contributor to their company's SUCCESS, believe in the value of having a strong culture, and apply it in nearly everything they do.
86% of Interviewees
agree, that...
WHOHAS THE MOSTINFLUENCEON CULTUREIN COMPANY?
WHATHAS THE
GREATESTIMPACT
ON ACOMPANY’S
CULTURE?
63%
Businessowner
16%Senior
executives
11%Employees
7%Mid-levelmanagers
WHAT IS YOURGREATEST CHALLENGE
WHEN EMPHASIZING A STRONG CULTURE? 43% 34% 18%
6%
Ensuring that we practicewhat we preach
Maintaining a culture while trying to keep
our sights set on profitability
Creating a desirable culture for our entire
team
*Allocating funds toward a culture that may not always produce a noticeable return on investment
*
More incentives
11%
More trust 44%
More transparency 24%
More control 21%
WHAT IS MOST EFFECTIVEIN MOTIVATING
EMPLOYEES?
WHAT ISMOST IMPORTANT
ABOUT A COMPANY'S CULTURE?
Empowers people
Delivers results 25%
Promotes teamwork 22%
Offers a unique experience
43%
9%
WHAT IS MORE EFFECTIVEIN ORDER FOR CULTURE TOBE SHARED AT ALL LEVELS?
IN WHICH AREAS DO YOU SPEND THE MOST TIME AND MONEY WHEN IT COMES TO YOUR COMPANY'S CULTURE?
Employee motivation & collaboration 35%
Reputation to outside stakeholders (customers, community, etc) 22%
Leadership 20%
Physical working environment
Employee incentives
11%
7%
6%
Company policies
11%
$
39% 39%
10%FINANCIAL GROWTH
PRODUCTIVITYEMPLOYEE MORALE
EMPLOYEE TURNOVER
WHERE DOESA COMPANY’S CULTURE HAVE THE GREATESTIMPACT?
Conducting interviews
91%
WHEN YOU THINK OF A COMPANY'SCULTURE, WHAT COMES TO MIND?
2% Customers
* When asked to rank
their companies culture on
a scale of 1 to 10,
results in the 1-7 range
equal an average/weak
culture. Results
in the 8+ range
equal a strong
culture.
Flexible Hours & Scheduling
Advancement Opportunity
Continuing Education & Training
Mentoring
An Enjoyable Physical Working Environment
Telecommuting
TAB Business Pulse Survey
From the August 2016 Business Pulse survey sponsored by The Alternative Board (TAB) and distributed by Symaction.com.
WHAT MAKES A CULTURE STRONG?
TheAlternativeBoard.comTHE ALTERNATIVE BOARD
OF BUSINESS LEADERS AGREE,
THAT...
...CULTURE IS A MAJOR CONTRIBUTOR
TO THEIR SUCCESS
WHOHAS THE MOSTINFLUENCEON CULTUREIN A COMPANY?
HOW TO IMPROVE A COMPANY’S CULTURE?
SHOULD COMPANIES HIRE PEOPLE WHO FIT THE CULTURE OR ADAPT THE CULTURE TO FIT THE PEOPLE ...
HIRE OR ADAPT?