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Published byBritney Alyson Burke Modified over 8 years ago
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How to retain staff priced out by Oxford’s exclusive property market Christina Nawrocki FCCA @WellersSME #BusinessOxygen
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“To win in the marketplace you must first win in the workplace.” – Doug Conant, CEO of Campbell’s Soup...
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‘Our culture focuses on helping us achieve excellence’
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How did Netflix do this? Values are what we value Promotions & development High performance Context, not control Highly aligned, loosely coupled Freedom & responsibility
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How can you be like Netflix?
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Integrity Communication Respect Excellence Growing a culture - Values
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Integrity Communication Respect Excellence
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Where is this?
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Top ranking companies Google is the No. 1 place to work for the seventh time in 10 years.
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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
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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
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1. Training and development “Training should be viewed as an investment rather than a liability.” Entrepreneur.com
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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
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Map out career path and recognise contributions Critical to improved performance and upskilling WHY? HOW? 2. Appraisals
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“When employees are consistently treated with trust, dignity, and appreciation, they respond in kind” 3. Appreciation
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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
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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
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5. Initiatives and rewards
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Interactive part!
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If you had free government spend of £250 per employee what would you do in your organisation?
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Prizes! Most realistic answer Most inventive answer
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6. Share schemes
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Share Incentive Plan (SIP)
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Save As You Earn (SAYE)
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Company Share Option Plan (CSOP)
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Enterprise Management Incentives (EMI)
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Employee Shareholder Shares (ESS)
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Forfeit shares
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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...
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“ 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
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Just take a look at these guys!
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Christina Nawrocki FCCA @WellersSME #BusinessOxygen www.wellersaccountants.co.uk
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