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How to retain staff priced out by Oxford’s exclusive property market Christina Nawrocki #BusinessOxygen.

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Presentation on theme: "How to retain staff priced out by Oxford’s exclusive property market Christina Nawrocki #BusinessOxygen."— Presentation transcript:

1 How to retain staff priced out by Oxford’s exclusive property market Christina Nawrocki FCCA @WellersSME #BusinessOxygen

2 “To win in the marketplace you must first win in the workplace.” – Doug Conant, CEO of Campbell’s Soup...

3 ‘Our culture focuses on helping us achieve excellence’

4 How did Netflix do this? Values are what we value Promotions & development High performance Context, not control Highly aligned, loosely coupled Freedom & responsibility

5 How can you be like Netflix?

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7 Integrity Communication Respect Excellence Growing a culture - Values

8 Integrity Communication Respect Excellence

9 Where is this?

10 Top ranking companies Google is the No. 1 place to work for the seventh time in 10 years.

11 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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14 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

15 1. Training and development “Training should be viewed as an investment rather than a liability.” Entrepreneur.com

16 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

17 Map out career path and recognise contributions Critical to improved performance and upskilling WHY? HOW? 2. Appraisals

18 “When employees are consistently treated with trust, dignity, and appreciation, they respond in kind” 3. Appreciation

19 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

20 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

21 5. Initiatives and rewards

22 Interactive part!

23 If you had free government spend of £250 per employee what would you do in your organisation?

24 Prizes! Most realistic answer Most inventive answer

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26 6. Share schemes

27 Share Incentive Plan (SIP)

28 Save As You Earn (SAYE)

29 Company Share Option Plan (CSOP)

30 Enterprise Management Incentives (EMI)

31 Employee Shareholder Shares (ESS)

32 Forfeit shares

33 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...

34 “ 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

35 Just take a look at these guys!

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37 Christina Nawrocki FCCA @WellersSME #BusinessOxygen www.wellersaccountants.co.uk


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