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Selecting Candidates for Engagement and Retention Presented by: Kevin Sheridan CEO and Founder of HR Solutions, Inc. June 10, 2010 The Webinar Will Begin Shortly If you cannot hear music, or the presenter to today's webinar, please use our toll-free call in number. Number: 888-469-1348 Pass code: 2940000 Follow on Twitter: #monsterli

Selecting Candidates for Engagement and Retention

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Page 1: Selecting Candidates for Engagement and Retention

Selecting Candidates for Engagement and Retention

Presented by:

Kevin SheridanCEO and Founder of HR Solutions, Inc.

June 10, 2010

The Webinar Will Begin Shortly

If you cannot hear music, or the presenter to today's webinar, please use our toll-free call in number.

Number:

888-469-1348 Pass code: 2940000

Follow on Twitter: #monsterlive

Page 2: Selecting Candidates for Engagement and Retention

Agenda:Selecting Candidates for

Engagement and Retention

What is Engagement?

Dispel myths on subjective recruitment measures

Identify a candidate’s fit within the organizational culture

Provide best practices and low-cost tips to Engage early and often 

Discuss the generational differences in workplace concerns

National trends in Employee Engagement

Q & A

Page 3: Selecting Candidates for Engagement and Retention

What is Engagement?

Page 4: Selecting Candidates for Engagement and Retention

What is Employee Engagement?

Create a Magnetic Culture®Engaged Employees share a strong desire to be part of the value that the organization creates.

These are the employees who choose to exert discretionary effort to provide better outcomes for customers and the organization.

A Magnetic Culture® is one that draws talented employees to the workplace, empowers them, and sustains an environment in which they are less likely to leave

Page 5: Selecting Candidates for Engagement and Retention

Levels of Engagement

Source: HR Solutions’ National Employee Engagement Study

Three Types of Employees:

1. ENGAGED• Highly Engaged and committed to the

mission, vision, and values of the organization.

2. AMBIVALENT • They are not apt to “going the extra mile” or

have strong spirit and enthusiasm.  Not likely to quickly volunteer for extra assignments or lea roles.  They often can feel unappreciated, and at times, unimportant.

3. DISENGAGED• Negative energy, they focus on problems.

Page 6: Selecting Candidates for Engagement and Retention

Why Engagement Matters: What separates Good from Great?

Recognition/Rewards

Supervisory/Management

Personal Awareness/Commitment

Organizational Effectiveness

CoworkerPerformance/Cooperation

Engagement

Page 7: Selecting Candidates for Engagement and Retention

Why is Engagement Important?

Engaged Employees work harder and produce higher quality work than Disengaged Employees

Engaged Employees are 3.5 times more likely to stay with their employer, lowering turnover costs

Satisfied employees are linked to satisfied customers at a correlation coefficient of .85

Page 8: Selecting Candidates for Engagement and Retention

HR Solutions’ Engagement Model

Page 9: Selecting Candidates for Engagement and Retention

Dispelling Myths on Subjective Recruitment

Measures

Page 10: Selecting Candidates for Engagement and Retention

Recruiting Myths - Busted

Myth #1If a candidate went to ABC University or workedfor XYZ Company, they must be the perfect fit forthis position.

BustedAlthough education and work experience can beimportant, this measure alone is a poor way ofassessing a candidate’s fit and skill set.

Page 11: Selecting Candidates for Engagement and Retention

Recruiting Myths - Busted

Myth #2Setting extremely narrow criteria for qualificationswill help “weed out” the candidates that would not be good for this job.

BustedSetting narrow criteria can actually exclude the topcandidates an organization is trying to find. A moreeffective way of determining fit and qualifications isthrough behavioral interview questions.

Page 12: Selecting Candidates for Engagement and Retention

Recruiting Myths - Busted

Myth #3An interview is for the employer to assess the job candidate.

BustedAn interview allows the employer and job candidate toassess each other and determine a possible mutuallybeneficial fit. A good interview is a strong informationalexchange, not a one-sided conversation.

Page 13: Selecting Candidates for Engagement and Retention

Recruiting Myths - Busted

Myth #4An interviewee only needs to meet with one person fromthe organization.

BustedAllowing multiple interviewers to assess different aspectsof a candidate’s qualifications and fit generally yields to amore accurate and thorough evaluation.

Page 14: Selecting Candidates for Engagement and Retention

Identifying a Candidate’s Fit Within the

Organizational Culture

Page 15: Selecting Candidates for Engagement and Retention

““Engagement Predictors” during the selection process:

Adaptability Passion for the Work Emotional Maturity Positive Disposition Self-efficacy Achievement Orientation

Recruiting Measures: Select the Right People

Page 16: Selecting Candidates for Engagement and Retention

Tools for Selecting Engaged Employees:

Situation judgment interview questions Structured behavior interviews Personality tests Combination of multiple methods

Recruiting Measures: Select the RightRight People

Page 17: Selecting Candidates for Engagement and Retention

Best Practices and Low-Cost Tips to Engage

Early and Often

Page 18: Selecting Candidates for Engagement and Retention

Typically, What Happens on a New Employee’s First Day on the Job?

Not met at the front door Given employee manual to read front

to back Voice mail doesn’t work Computer isn’t set up No one scheduled to train them Not welcomed by staff Not given bathroom key Supervisor not there to introduce to

the team Work area dirty or still containing

other employees belongings

One in 25 new employees quits on their first day.Source: Judy Enns, Managing Director or HR Solutions Search and Staffing

Page 19: Selecting Candidates for Engagement and Retention

Onboarding New Employees:The Right WayThe Right Way

Successful employee integration:

First day should be a celebration! Meet with manager Teambuilding event

– Lunch– Meeting– Training

Clear definition of role Provided with business card Overview of the strategy and mission Go-to list Performance evaluation process/metrics

Page 20: Selecting Candidates for Engagement and Retention

Engage Early and Often

Length of Service OJSActivelyEngaged Ambivalent Disengaged

All Employees 76% 24% 59% 17%

Less than One Year 81% 36% 53% 11%

One to Five Years 74% 17% 67% 16%

Six to Ten Years 77% 19% 70% 11%

Eleven to Twenty Years 79% 20% 70% 10%

Twenty-one years + 86% 25% 69% 6%

HR Solutions’ Research – Engagement Statistics by Tenure from January 2008 to May 2009.OJS = Overall Job Satisfaction Scores.

Page 21: Selecting Candidates for Engagement and Retention

Engage Early and Often

The steep decline of Engagement levels from 36% to 17% after one year of service is astonishing;

This is a wake-up call for organizations, regardless of industry or size, to develop ongoing strategies to create Engaged workplaces and continually seek employee feedback to measure levels of Engagement and affect positive change.

Proactively solicit feedback from new hires to further ensure their success, such as a survey for all new employees within the first 90 days.

Page 22: Selecting Candidates for Engagement and Retention

Career Development

Open Communications

Direct Supervisor/Manager Leadership Abilities

Senior Management’s Relationship with Employees

Strategy/Mission

Employee Recognition Programs

Organizational Culture- Diversity, Inclusion, Openness, Innovation, Freedom to Make Mistakes

Determination of key drivers based on survey responses in ourNational Normative Database, representing over

3.3 million participants and 3,400 organizations.

Top Drivers of Employee Engagement

Page 23: Selecting Candidates for Engagement and Retention

Recognition surpasses pay as the toptop motivator for younger generations Recognition is a free or low-cost way to Engage Employees

Recognize frequently and publicly

Retain Top Performers:Create a Recognition Culture*Create a Recognition Culture*

OLD WAY

Every 5 Years

Every Year

Every Month

NEW WAY

Yearly

Monthly

Real Time

Studies show that supervisors should

recognize employees every seven days to be effective.

*Source: Michael C. Fina, Total Recognition Strategy

Page 24: Selecting Candidates for Engagement and Retention

Audience Participation

A. Employees

B. Managers

C. Responsibility Should be Shared

D. I’m Not Sure

Who Do YOU Think Should Be Primarily Responsible for Workplace Engagement?

Vote on the right side of your screen

Page 25: Selecting Candidates for Engagement and Retention

Getting Employees Involved in Their Own Engagement

Key preventative measures to ensure this mistake does not occur:

– Empower employees to learn their own level of Engagement

– Encourage employees to take ownership of their Engagement

The greatest mistake organizations make is focusing efforts to increase Employee Engagement solely on management and the organization.

Page 26: Selecting Candidates for Engagement and Retention

Audience Participation

What is the TOP reason cited by employees withone to five years tenure as to why they wouldconsider resigning?

A. Supervisor/Manager

B. Pay

C. Benefits

D. Lack of Career Advancement

E. Other

Engagement Research by HR Solutions, Inc. found that 37% of employees responded “Strongly Agree” or “Agree” when asked the following question:

“I thought of resigning in the last six months.” 

Vote on the right side of your screen

Page 27: Selecting Candidates for Engagement and Retention

The Top Five Ways to Retain Engaged Employees

1. Desired Job Content.

2. Career Development.

3. Positive Organizational Culture.

4. Compensation Plans/Benefits Plans.

5. Maximize Diversity and Generational Strengths.

Page 28: Selecting Candidates for Engagement and Retention

Generational Differences

Page 29: Selecting Candidates for Engagement and Retention

Generational Issues

Address generational issues before they arise.

1. Explain the value and worth of older employees to younger employees.

2. Allow older employees to see that they can grow from the knowledge of younger employees as well.

Predispositions of individuals in the workplace can obviously cause strife and loss of productivity or underutilization of talent.

Page 30: Selecting Candidates for Engagement and Retention

Traditionalists Retention Factors:Born 1929- 1946: Size: 27 Million Respectful for authority Value duty and sacrifice Value accountability Strong work ethic Strong interpersonal skills Believe promotions and

recognition come with job tenure

Loyalty to employer and expect employer loyalty to them

Retention Tips: Tap their strong ties with

the community Empower them to be

ambassadors of the organization

Page 31: Selecting Candidates for Engagement and Retention

Baby Boomers Retention Factors:Born 1947- 1965: Size: 76 Million Individuality Driven by goals for success Believe in teamwork Emphasize relationship building Want work-life balance Career equals identity Financial success Empowerment

Retention Tips: Treat as equals Take a democratic approach within

the team Leverage their ability to mentor new

employees Offer a flexible environment that

balances work and retirement

Page 32: Selecting Candidates for Engagement and Retention

Retention Tips: Link their contributions to the

“big picture” Offer learning & training

opportunities Employee involvement Flexibility to meet deadlines Focus on results

Born 1966- 1979:: Size: 60 Million Self-reliant Highly educated Questioning and risk adverse Loyal to people, not the

organization Want open communication Value control of their time Focused on career advancement & skill development Value flexibility Outcome over process

Generation X Retention Factors:

Page 33: Selecting Candidates for Engagement and Retention

Retention Tips: Create a collaborative and feedback

oriented work environment Ensure training program is comprehensive Structured, supportive work environment Frequent recognition for achievements Developmental opportunities Volunteer opportunities Link with on-call mentors Use cross-training technique

Born 1980- 1992: Size: 88 Million Image conscious Constant recognition Value instant gratification Team-oriented Want open communication Search for mentors Want a job that provides personal fulfillment Searching for stress relief Work-life balance Career development Race/ethnic identification of reduced

importance

Millennials Retention Factors:

Page 34: Selecting Candidates for Engagement and Retention

National Trends in Employee Engagement

Page 35: Selecting Candidates for Engagement and Retention

Engagement Effect:• More job opportunities for those

who are currently employed • Predicted rise in voluntary leave

Raising Engagement levels becomes even more crucial for controlling turnover rates and keeping top performers.

(Slow) Economic Improvement: 29% of organizations plan on hiring

in the next six months Up from 24% in Fall 2009(Society for Human Resources Management, Workplace Visions

Study by the National Association for Business Economics, Jan 2010)

National Trends

Page 36: Selecting Candidates for Engagement and Retention

National Trends Engagement – Diversity Link

Maximize Diversity and Generational Strengths. Demonstrate that Diversity is a priority for the organization.

0%

20%

40%

60%

80%

100%

StronglyDisagree

Neither StronglyAgree

Job Satisfaction

Diversity Satisfaction

Page 37: Selecting Candidates for Engagement and Retention

Questions/Comments?

Please forward any additional questions to: [email protected]