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Team happiness, delivered

Innovation Spotlight: Perkbox

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Page 1: Innovation Spotlight: Perkbox

Team happiness, delivered

Page 2: Innovation Spotlight: Perkbox

The hospitality sector

Deliver service with a smile

Notorious for overlooking importance of nurturing happiness at its source

Few businesses equate happy, dedicated workforce as intrinsic to delivering outstanding customer service

Page 3: Innovation Spotlight: Perkbox

The retail sector

Retail is a relationship-focused industry

There is a pressing need to • Rethink the way work is

performed• The way relationships exist

Flexibility and constant implementation of new strategies is key to harnessing benefits of rapid technological change

Page 4: Innovation Spotlight: Perkbox

The importance of employee engagement

“The ability to attract and retain talent will either be a competitive advantage or a

fatal flaw”

Gary Short, Talent Management, Kimberly-Clark

Demographic

change

Individualism

Digitisation

National

Living Wage

Page 5: Innovation Spotlight: Perkbox

Impact of the new National Living Wage

Page 6: Innovation Spotlight: Perkbox

UK productivity crisis

Page 7: Innovation Spotlight: Perkbox

The UK’s disengagement crisis

Sources: Harvard Business Review ‘The Impact of Employee Engagement on Performance’http://www.dalecarnegie.com/employee-engagement/engaged-employees-infographic/

Not engagedDisengaged

Engaged

71% of employees are not fully engaged

Page 8: Innovation Spotlight: Perkbox

Turnover rates

Sources: http://www.restaurant.org/News-Research/News/Hospitality-employee-turnover-rose-in-2014http://www.haygroup.com/en/

Hospitality

66.3%Retail

67%

Page 9: Innovation Spotlight: Perkbox

The UK’s disengagement crisis

by the year

20251980 1995 2010 2025

75% of the workforce will be millennials

Source: http://www2.deloitte.com/content/dam/Deloitte/global/Documents/About-Deloitte/gx-dttl-2014-millennial-survey-report.pdf

Millennials surpassed Generation X to become

largest share of the workforce

2015

Page 10: Innovation Spotlight: Perkbox

Investment in employee engagement pays off

37%less

absenteeism & employee

turnover

186% more likely to recommend

their organisation to

a friend

2x as long in their

jobs

Identify

98% more strongly with values of

their organisation

Sources: Globoforce – ‘The Science of Happiness’ & ‘The Secret to Double Digit Increases in Employee Engagement’Hay Group - ‘New Rules of Engagement’

2.5x revenue growth

Page 11: Innovation Spotlight: Perkbox

Why is nobody doing anything about it?

71%

of respondents rank employee

engagement as very important

24% say

employees in organisation are

engaged Source: http://www.achievers.com/system/files/resource/analyst-insights-HBR_Achievers%20Report_TheImpactofEmployeeEngagementonPerformance.pdf

Page 12: Innovation Spotlight: Perkbox

How can you

engage your

employees?

Emotional

wellbeing

Rewards & Recognition

, Gamificatio

n

Physical wellbein

g

Wellness platforms

Financial

wellbeing

Perks & Benefits

Employee engagement in practice

Page 13: Innovation Spotlight: Perkbox

Case study: Snowflake Gelato

The situation- Struggling to engage with

their staff- Appreciation shown in a

very ad-hoc way- Wanted company culture

to reflect the brand that they had built

How we helped- Created a culture of a

company that looks after their team

- The employer/employee relationship extended beyond the workplace

- Staff retention improved by approximately 50%

Page 14: Innovation Spotlight: Perkbox

We are leading the change in the hospitality & retail sectors