untapped growth potential: how companies can get 59% more growth in revenue
TRANSCRIPT
Content source: http://www.gallup.com/businessjournal/182912/companies-missing-opportunities-growth-revenue.aspxGallup Report: State of The American Manager - Analytics and Advice For Leaders
Each element plays a unique role and has an added scientific value in predicting the outcome
Gallup: companies combining 4 human capital strategies add up to 59% more
growth in revenue per employee
Focus on strengths
Engaged workforce
Talented employees
Great manager
+ 8%
+ 18%
+ 6%
+ 27%
+ 59%
THE ADDITIVE EFFECT
Gallup: companies combining 4 human capital strategies add up to 59% more
growth in revenue per employee
HOWCompanies pick the wrong manager 82% of the time because using the wrong criteria - years of seniority or standout performance as an individual contributor
ACCELERATE GROWTH BYhiring candidates based on their specific talent to manage others
drive outcomes
overcome adversity
build strong relationships
decisions based on performance
Natural ability to:
+ 27%
GREAT MANAGERS
HOWCompanies pick the wrong manager 82% of the time because using the wrong criteria - years of seniority or standout performance as an individual contributor
ACCELERATE GROWTH BYhiring candidates based on their specific talent to manage others
Additional benefits:
streamlines decision-making
increases productivity
improves employee engagement
Selecting naturally talented individual contributors increase revenue per employee by 6%
HOWCompanies tend to concentrate on candidates' education, skills and work experience
ACCELERATE GROWTH BYhiring and developing employees that have the right natural talent to excel in his/her role
+ 6%
TALENTED EMPLOYEES
Engaged employees improve:
productivity
profitability
quality
customer ratings
A culture of employee engagement lead up to 18% higher revenue per employee
HOWCompanies tend to concentrate on candidates' education, skills and work experience
ACCELERATE GROWTH BYhiring and developing employees that have the right natural talent to excel in his/her role
HOWAsk employees the right performance-based questions
ACCELERATE GROWTH BYDevelop an employee development plan that includes strategy, great communication and accountability aligned with scientifically tested metrics and performance outcomes.
+ 18%
ENGAGED WORKFORCE
disengaged employees cost the U.S. between 450$ billion
and 550€ billion per year
Worldwide, 2012 only 13% of employees were engaged
HOWAsk employees the right performance-based questions
ACCELERATE GROWTH BYDevelop an employee development plan that includes strategy, great communication and accountability aligned with scientifically tested metrics and performance outcomes.
CURRENT SITUATION
disengaged employees cost the U.S. between 450$ billion
and 550€ billion per year
When teams learn and focus on their strengths every day, their productivity produces up to 8% higher revenue per employee.
HOWCompanies can maximize their human capital by helping employees identify their strengths
ACCELERATE GROWTH BYImplement an assessment system like Weekdone to pair topmanagers with high-potential employees
+ 8%
FOCUS ON STRENGTHS
61%workers are engaged
1%are disengaged
if their manager focuses on their strengths
WEEKDONE HELPS YOU TO TRACK AND INCREASE EMPLOYEE PERFORMANCE
google.com/+weekdonefb.me/weekdonelinkedin.com/company/weekdone
@weekdone
�increase
engagement and communication
�Quickly knowteam status