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Presented by Doctor Derek Ambrose FCPA, FGIA, FTIA, FCIS, FIPA, MAHRI

Supercharging Your Social Capital by Dr. Derek Ambrose, Australian Reinsurance Pool Corporation

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Supercharging Your Social Capital by Dr. Derek Ambrose, Australian Reinsurance Pool Corporation

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Page 1: Supercharging Your Social Capital by Dr. Derek Ambrose, Australian Reinsurance Pool Corporation

Presented byDoctor Derek Ambrose

FCPA, FGIA, FTIA, FCIS, FIPA, MAHRI

Page 2: Supercharging Your Social Capital by Dr. Derek Ambrose, Australian Reinsurance Pool Corporation

WE ARE GETTING CLOSE TO THE ANSWER!!!

There are a lot of theories around on Social Capital.

Page 3: Supercharging Your Social Capital by Dr. Derek Ambrose, Australian Reinsurance Pool Corporation

The Social Capital concept is not a new idea, and over the past century or so has been used to explain why democracy works better superior financial returns

firm growth

increased value

enhanced outcomes....

Page 4: Supercharging Your Social Capital by Dr. Derek Ambrose, Australian Reinsurance Pool Corporation

We need to maximise social capital and employee participation to sustain competitive advantage

The low hanging fruit has all been harvested, and there is only one place to visit for increased productivity, improved quality, additional innovation, and improved competitive advantage.

Now we are compelled to address social capital through necessity!

The reality is that economics is no longer divorced from culture, to the contrary they rely on each other.

The supercharging of Social Capital requires personal investment at all levels

Page 5: Supercharging Your Social Capital by Dr. Derek Ambrose, Australian Reinsurance Pool Corporation

A greater emphasis on information sharing

Greater access to information for everyone

Effective social capital guards against opportunistic behaviour, internally/externally

The cohesiveness of social capital creates trust, changes identity and enhances economic prospects

Collective decision making, combined with other types of capital becomes a quality circle

It is the vital component that attracts prospective employees and retains existing employees

Page 6: Supercharging Your Social Capital by Dr. Derek Ambrose, Australian Reinsurance Pool Corporation

UNDERSTAND that everyone’s PARTICIPATION is required

BECOME THE CHIEF ENERGY OFFICER!

UNDERSTAND that everyone is the FUEL!!!!!!

LISTENING is everyone’s RESPONSIBILITY!!

THE BIG ONE!CONVERT PASSIVE EMPLOYEES TO

ACTIVE EMPLOYEES

Page 7: Supercharging Your Social Capital by Dr. Derek Ambrose, Australian Reinsurance Pool Corporation

Comparisons APS DVA ACMA ACMA Br APS 1 APS 2 APS 3 APS 4

(1796) (246) (122) (34) (38) (61) (133) (187)

Motivation 4.5 4.6 5.3 6.2 4.7 3.7 5.0 5.1

Achievement 4.8 5.0 5.5 6.1 4.7 3.7 4.9 5.2

Stress 4.9 5.1 5.6 6.3 4.5 4.3 4.3 4.6

Satisfaction with leaders 5.1 5.2 5.8 6.2 4.4 3.4 4.6 5.3

Commitment 4.3 4.3 4.5 6.4 5.0 4.6 5.3 5.6

Self Confidence/Self Esteem - - - - 4.7 4.2 4.7 5.1

0

1

2

3

4

5

6

7

APS DVA ACMA ACMABr APS1 APS 2 APS3 APS4

Motivation

Achievement

Stress

Satisfaction with Leaders

Commitment

Self Confidence/Esteem

1= Strongly disagree, 2= Disagree, 3= Slightly disagree, 4= Neither disagree nor

agree, 5= Slightly Agree, 6= Agree, 7= Strongly Agree

Page 8: Supercharging Your Social Capital by Dr. Derek Ambrose, Australian Reinsurance Pool Corporation

The development and improvement of Social Capital requires personal investment at all levels

Conscious oversight of the “Social Investment”

Converted passive employees to active participative employees!

Understood that there is a cost to social capital, which needs to be reduced and capitalised on!!

It’s not about ME, and it never was!

Changed the language

Changed the behaviour and increased the integrity of everyone

Measured the social behavioural inputs and outcomes

Attracts

Prospective

Employees

Retains

Existing

Employees

Converts

passive

employees to

active

Page 9: Supercharging Your Social Capital by Dr. Derek Ambrose, Australian Reinsurance Pool Corporation

Must be practiced daily

What you do (or don’t do) in practice you will do in performance

It’s your responsibility to initiate and make it happen

Just do it!!!

Page 10: Supercharging Your Social Capital by Dr. Derek Ambrose, Australian Reinsurance Pool Corporation

Supercharged

Team

Approachable

& Accessible

Sincerity

Honest and

Consistent

Integrity and

behavioural

Integrity

Trust and

Absolute Trust

Show Genuine

Concern

365 365

Page 11: Supercharging Your Social Capital by Dr. Derek Ambrose, Australian Reinsurance Pool Corporation

Everyone is actively involved and participating

Skills/capacity are reorganised and developed

Investment is assigned to everyone

Leaders understand what it is that limits employees

Leaders know to stand in the middle and watch the unison

Knowing how to find the value in the workplace for each individual

Successful employees can smell the difference and crave it!!

Employees go beyond the requirements on a regular basis

Both leaders and employees actively co create solutions

Your place is a place where people want to work and stay!!

EVERYONE HAS PASSION!!

And fence sitters are a distant Memory!!!

Page 12: Supercharging Your Social Capital by Dr. Derek Ambrose, Australian Reinsurance Pool Corporation

Do you want to be the first to supercharge your workforce?

Or do you want to be the last?

YOUR CHOICE