How to retain staff priced out by Oxford’s exclusive property market Christina Nawrocki #BusinessOxygen
“To win in the marketplace you must first win in the workplace.” – Doug Conant, CEO of Campbell’s Soup...
‘Our culture focuses on helping us achieve excellence’
How did Netflix do this? Values are what we value Promotions & development High performance Context, not control Highly aligned, loosely coupled Freedom & responsibility
How can you be like Netflix?
Integrity Communication Respect Excellence Growing a culture - Values
Integrity Communication Respect Excellence
Where is this?
Top ranking companies Google is the No. 1 place to work for the seventh time in 10 years.
Google employee feedback submitted to Glassdoor The work matters - "My work is used by lots and lots of users” Smart perks Genius co-workers – “Working alongside the best talent in the world” Unparalleled career opportunities - “Tons of career development resources available” There are benefits for families
1. Training and development 2. Appraisals 3. Appreciation 4. Inclusion 5. Initiatives and rewards 6. Share schemes So how do you take care of employees
1. Training and development “Training should be viewed as an investment rather than a liability.” Entrepreneur.com
Training gives employees new skills and responsibility 1.Challenge them 2.Train them to think outside the box 3.Give ongoing feedback/praise WHY? HOW? 1. Training and development
Map out career path and recognise contributions Critical to improved performance and upskilling WHY? HOW? 2. Appraisals
“When employees are consistently treated with trust, dignity, and appreciation, they respond in kind” 3. Appreciation
Include employees in the bigger picture so they feel like a bigger part of the organisation When employees feel included they unleash their potential WHY? HOW? 4. Inclusion
When employees buy-in and are informed they are more driven When employees are aware of the companies direction, they are self-directed to achieving goals WHY? HOW? 4. Inclusion
5. Initiatives and rewards
Interactive part!
If you had free government spend of £250 per employee what would you do in your organisation?
Prizes! Most realistic answer Most inventive answer
6. Share schemes
Share Incentive Plan (SIP)
Save As You Earn (SAYE)
Company Share Option Plan (CSOP)
Enterprise Management Incentives (EMI)
Employee Shareholder Shares (ESS)
Forfeit shares
You win in the workplace by getting the most out of your employees and retaining them. A key metric for employee output is productivity. “To win in the marketplace you must first win in the workplace.” Doug Conant, CEO of Campbell’s Soup...
“ Three groups were studied under different working conditions and the conclusion was that happy employees were on average 12% more productive” University of Warwick, UK, and IZA Bonn, Germany Happy workers = Productive workers
Just take a look at these guys!
Christina Nawrocki #BusinessOxygen