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Linda Bounds V.P. Financial Services MidwayUSA Workforce Engagement

Linda Bounds V.P. Financial Services MidwayUSA

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Workforce Engagement . Linda Bounds V.P. Financial Services MidwayUSA. What is Workforce Engagement? . “The extent to which your workforce is emotionally and intellectually committed to accomplish your organization’s work, mission and vision.”. Why is it Important?. - PowerPoint PPT Presentation

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Page 1: Linda Bounds V.P. Financial Services  MidwayUSA

Linda BoundsV.P. Financial Services

MidwayUSA

Workforce Engagement

Page 2: Linda Bounds V.P. Financial Services  MidwayUSA

“The extent to which your workforce is emotionally and intellectually committed to accomplish your organization’s work, mission and vision.”

What is Workforce Engagement?

Page 3: Linda Bounds V.P. Financial Services  MidwayUSA

Why is it Important?

Engagement characterized by:1. Meaningful work 2. Clear organizational direction 3. Performance accountability 4. Safe, trusting, effective and

cooperative work environment 5. Work is aligned with the

employee’s personal values

Page 4: Linda Bounds V.P. Financial Services  MidwayUSA

Five Key Steps 1. Establish Framework 2. Hire for Values and Culture 3. Design Processes to meet

Employee Key Requirements 4. Measure Results 5. Listen, Learn, Improve

How do you achieve high levels of Workforce Engagement?

Page 5: Linda Bounds V.P. Financial Services  MidwayUSA

Step 1: Establish Framework

• Mission Statement • Culture Statement • Operational Goals • Strategies • Governance

Page 6: Linda Bounds V.P. Financial Services  MidwayUSA

• Strategy • Alignment with Values • Alignment with

Culture • High Performance

Step 2: Hire for Values and Culture

Page 7: Linda Bounds V.P. Financial Services  MidwayUSA
Page 8: Linda Bounds V.P. Financial Services  MidwayUSA

Step 3: Design Processes to Meet Employee Key Requirements

Page 9: Linda Bounds V.P. Financial Services  MidwayUSA

Step 3: Employee Key Requirements

• Benefits • Work place environment• Accountability • Training and Development • Rewards and Recognition • Communication

Page 10: Linda Bounds V.P. Financial Services  MidwayUSA

Results

Page 11: Linda Bounds V.P. Financial Services  MidwayUSA

Employee Satisfaction Overall    

Measure Actual Goal Actual Goal

 E-SAT Rollup (overall score)

82%86%

87%86%

 Employee engagement

85%90%

92%90%

Step 4: Measure Results

Þ Measure the Processes affecting Employee Satisfaction

7.2 Employee Satisfaction 2013 Q1 2013 Q3    Actual Goal Actual Goal

7.2.1.1 % of Employees in Position at or above 75th Percentile 69% 100% 69% 100%7.2.3.1 Promotions from Within 87% 75% 80% 75%

Þ Measure Employee Satisfaction with E-Sat Survey  

Page 12: Linda Bounds V.P. Financial Services  MidwayUSA

Step 5: Listen, Learn, Improve

Page 13: Linda Bounds V.P. Financial Services  MidwayUSA

The Process

Page 14: Linda Bounds V.P. Financial Services  MidwayUSA

1. It’s Extremely Important – No. 2 Goal2. Remember Five Key Steps3. Must have Top-Level Involvement4. Our Approach (the Process)5. It’s a Journey, not a Destination6. Listen, Learn, Improve7. Steal Shamelessly and begin today!

Take-Aways

Page 15: Linda Bounds V.P. Financial Services  MidwayUSA

Thank you for your time today

Questions?