Driving profits with purpose: How HR and finance can collaborate and inspire | Talent Connect 2016
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Transcript of Driving profits with purpose: How HR and finance can collaborate and inspire | Talent Connect 2016
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Driving Profits with Purpose: How HR and Finance Can Collaborate and Inspire
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67.3% of US employees are disengaged
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$550 billion Cost to companies:
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Kelly McGill CPO, Avvo
Talent Strategy
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Monica Williams CFO, Avvo
Finance Strategy
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Law Desktop Social Mobile
+ + +
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Avvo helps consumers get the legal help they need.
• Avvo Legal Services • Free Legal Forms • Free Q&A Forum
• Lawyer Directory • Avvo Advisor
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What we’ll discuss
• Why do team members disengage and what’s the cost?
• How data uncovered trouble spots at Avvo
• How we were able to get employees back on purpose
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“I was disengaged when…”
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59%
Don’t know their company’s
value prop
57%
Don’t find their company’s
mission statement motivating
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44%
Like their company’s culture
45%
Trust their company’s leadership
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A Case Study.
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100% headcount growth in one year
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Changing Dynamics:
Managers and Teams
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Changing Dynamics:
Culture
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From Start-up to High Growth
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33%
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Image courtesy of Britt Andreatta
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HR + Finance = BFF
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Data
• Traditional HR Data • McClean Engagement Survey • Talent Review • Competency Multi-Rater
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Hypothesis
Optimistic!!!
Reality
41% of our talent was either mildly
or wildly disengaged
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The Plan
Team Readiness
Enable and Empower
Inspire and Motivate
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Team Readiness
• Deliberate WFP and HC Management
• Manager Training • Employer Brand • Conscious Business • Yoga and Meditation
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Enable and Empower
• Action Planning for Engagement Survey
• WIGs • DUHBs - Decision Making
Framework • Brown bag sessions
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Inspire and Motivate
• Collaboration Cup / Bathroom DJ • Biz & Beers • Avvo Star • Avvo Accelerator
Fun Motivators
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Inspire and Motivate
• Compensation (ranges + bonus) • Custom performance management
& goal setting
Performance and compensation motivators
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Initial Results
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How you can implement and Make HR + Finance = BFF
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Q&A
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Get Your Talent on Purpose
• Talk to your CFO • Understand your situation through
data and research • Create an actionable plan • Train and support the team; create a
continual learning loop
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Thank You
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