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Retention

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Retention Lori Farley-Toth Vice President, Sales Adecco-Mid-Atlantic Division * * In other geographies other motivation factors will exist: Russia: very money ... – PowerPoint PPT presentation

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Title: Retention


1
  • Retention

Lori Farley-Toth Vice President,
Sales Adecco-Mid-Atlantic Division
2
Agenda
  • The challenge for the NPO sector.
  • Demographic Trends
  • The case for engagement going forward
  • NPO sector and its unique opportunities
  • What can you do?

3
The trends
  • According to the Employment Policy foundation,
    the US is at the beginning of a labor shortage of
    approximately 35 million skilled and educated
    workers
  • The NPO sector will need to replace 80,000 jobs
    in the next year
  • 1 Baby Boomers retires every 8 seconds
  • Millennial (a.k.a. Gen Y) will move into these
    roles much sooner and younger than generations
    before them did and will be expected to perform
    successfully
  • Engagement and Retention of this group is even
    more important than the need to train them.
  • The NPO sector may be uniquely positioned to
    engage the millenials

4
Fact or fiction?
  • A great leader is a great motivator.
  • Fiction!
  • A great leader understands that motivation is a
    choice people make for themselves. A great
    leader simply creates an environment where people
    can find what motivates them individually.

5
Motivating is easy?
  • You can lead a horse to water but

you cant makem drink!
6
What do they say they want?
  • Opportunities for career enhancement 93
  • Capable/respected management 87
  • Flexible work hours 87
  • Employee participation in decision-making 67
  • Challenging job responsibilities 60

But what do they REALLY want?
7
What motivates you?
Before we discuss what motivates our employees
lets find out what motivates us?
What is the most important factor that gets YOU
passionate about going to work each day?
8
What do they really want?
  • Recent studies suggest that all an employee
    really wants is
  • To feel that they are better today than they
    were yesterday.
  • Motivation trends/experts
  • Barton School of Business _at_ Wichita State
    University study - the zero cost items had the
    most greatest impact on productivity
  • The Carrot Principle (Gostick and Elton) - focus
    on recognition
  • Drive (Daniel Pink) its all about autonomy,
    mastery and purpose

9
What motivates you?
  • There are two primary types of motivators
  • Extrinsic (low order) organizational rewards
    that place value on an individual and their work.
  • Intrinsic (high order) feelings that
    individuals find rewarding within themselves.
  • Many leaders think that extrinsic (low order)
    motivators are the key to motivating employees
    but they generally only lead to short term
    success.
  • Leaders should tap into intrinsic (high order)
    motivators because they lead to long term
    success, satisfaction and fulfillment.

10
Maslows hierarchy of needs
Morality, creativity, problem solving, sense of
purpose and full-engagement
5. Self-Actualization
Self-esteem, confidence, respect of others,
achievement
Family, friends, co-workers
Security of health, property, resources,
employment etc
Food, water, sleep etc
A leader must tap into intrinsic motivators (3, 4
and 5) because they are high order motivators.
11
What does this mean at work?
5. Self-Actualization
A manager/leader can make the biggest impact here!
The company or organization can provide a strong
foundation.
Where does compensation fall on this
pyramid? Where does just do it so you get to
keep your job fall in this pyramid? Where do
contests fall in this pyramid? This illustrates
that engagement at work is contingent on having
a good manager! People leave their manager, not
their company!
12
How do you motivate the new generation?
13
Sound familiar?
14
Are you ready to lead and motivate Gen Y?
  • Ambitious demanding
  • They question EVERYTHING!
  • The most high maintenance workforce ever
  • More than one third have a tattoo and 30 have a
    piercing somewhere other than their ear not for
    rebellion but for style
  • Have been described as needy, impatient and
    entitled
  • Dont care for mission statements but do need to
    have shared values
  • Dont have the ability to (or care to) think
    strategically or long term- need immediacy
  • Some believe will be the most productive and
    creative workforce ever
  • NOTE The descriptions above are not based on
    the opinion of your trainer or the Adecco Group.
    The descriptions listed here summarize a variety
    of articles published on the subject of how to
    manage and motivate Gen Y!

15
Common Gen X and Gen Y motivators
  • Wants to give and be given feedback
  • Embraces technology
  • Wants stimulating work environment and fun
  • Wants to know WHY decisions are made
  • Needs to know how work impacts big picture
  • Wants balanced personal life/fulfillment
  • Incentives (compensation and time off) are both
    important
  • Reward them for work product- not time at office
  • Training must INVOLVE them, not be dictated to
    them

16
How did X and Y get that way?
  • Generation  X
  • Brought up as latchkey kids
  • Watched their parents accumulate wealth in later
    years
  • First to be brought up world of instant
    gratification
  • Grew up with Brady Bunch values
  • Self-reliant, independent thinkers  
  • Highly  educated   
  • Many are married and raising young children- need
    flexible schedules 
  • Savvy  consumers  
  • Skeptical  
  • Entering prime earning years
  •  
  • Generation  Y
  • Born with technology
  • Brought up in world of instant gratification
  • Accustomed to having what they want
  • Grew up observing Reality TV values
  • One of most educated generations yet
  • Socially conscious and civic minded
  • Racially    ethnically diverse more than any
    previous generation
  • Impatient  
  • Image driven
  • Grew up asking why to everything

17
Employee motivation is dynamic
New Generation
Success
Success
18
Leadership bingo- individual exercise
LEADERSHIP
  • Do you REALLY know your people?
  • List out at least 5 of your direct reports on the
    bingo sheet
  • Write their names at the top
  • Fill in as many boxes as possible in the next 15
    minutes
  • If the category is not applicable insert NA- only
    if you are certain
  • If you have birthdays/anniversaries calendared in
    Outlook already you can write Outlook in that
    box
  • The leader with the most boxes completed wins!

19
Leadership and motivation
  • Conclusions?
  • You cant motivate others but you can create an
    environment where they can find motivation and
    passion.
  • People need to see and feel the connection
    between professional and personal fulfillment and
    their daily activities.
  • What does this mean to you as an individual?
  • What does this mean to you as a resource for your
    people?

20
PASSION
  • Compensation has a diminishing ROI. Passion, the
    ultimate renewable energy, has no limits! Light
    it on fire!
  • In 2002, the Brookings Institutions Center for
    Public Service published a survey that
    illustrates how passionate NPO professionals are.
    This is your opportunity!
  • This is the NPO sectors secret weapon in the war
    for talent

21
What can you do?
  • Ignite the passion create Engagement!
  • You have the most motivated work force
  • Let your mission be your guide
  • Attract recruit talent aligned with your
    mission
  • This will build a bench thats built to last!
  • Engage Gen Y
  • Constant contact-thank you cards, phone calls,
    milestone celebrations
  • Embrace the praise culture-they need to feel
    valued
  • Rapid advancement Alternatives-SME, write company
    newsletter, social media, blog, or research
    project
  • Remove the cubicle shackles-this works for all
    generations
  • Mentor Programs-this group grew up with tons of
    guidance
  • Leadership training-Millennial Business Boot Camp
    is one of the most requested presentations
  • Improve 2 way communication-employees want to
    feel that they were heard
  • Be authentic know your people
  • Align compensation and benefits with the culture
    you want to create
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