GETTING TO A YES! - Ascentis · getting to a yes! how to have leadership buy into your ideas linda...
Transcript of GETTING TO A YES! - Ascentis · getting to a yes! how to have leadership buy into your ideas linda...
G E T T I N G T O A Y E S !H O W T O H A V E L E A D E R S H I P B U Y I N T O Y O U R I D E A S
L I N D A R U F F E N A C HE L I S E B O I V I N
A P R I L 6 , 2 0 1 7
© MERCER 2017 1
© MERCER 2017 2
H O U S E K E E P I N GHOUSEKEEPING
CREDIT QUESTIONS TOPIC
© MERCER 2017 3
The use of this seal confirms that this activity has met HR Certification Institute's® (HRCI®) criteria for recertification credit pre-approval. Recertification Credit Hours Awarded: 1 Specified Credit Hours: HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™, SPHRi™ recertification through HR Certification Institute's® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org. Recertification Credit Hours Awarded: 1 Specified Credit Hours: HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™, SPHRi™ recertification through HR Certification Institute's® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
Be watching using YOUR
unique URL for login
Stay on the webinar, online for the full 60
minutes.
Certificates delivered by
email no later
HOUSEKEEPING
than 5/6/2017
© MERCER 2017 4
W E L C O M E
Linda Ruffenach
Business Accelerator, Executive Coach, Culture Maven, Brand Architect, Whisky Educator & Dream Facilitator
Elise Boivin
Rewards & Compensation Guru, Efficiency Expert, Project Manager Extraordinaire, Art Curator
© MERCER 2017 5
S E T T I N G T H E S T A G E
© MERCER 2017 6
G E T T I N G T O Y E S : O B T A I N I N G E X E C U T I V E B U Y - I N
What can you expect from today’s webinar?
• Basic Components of a Business Case
• Tips to Getting a YES!
• Real Life Example and the Results
© MERCER 2017 7
T H E B I G I D E A
7
© MERCER 2017 8
T H E B I G I D E A T H A T G O E S N O W H E R E
8
The value of an idea lies in the using of it. Thomas Edison
Great ideas are just ideas, it is what you do with them that make them great.
"Every really new idea looks crazy at first." Alfred North Whitehead
A half-baked idea is okay as long as it's in the oven.~Author Unknown
A pile of rocks ceases to be a rock when somebody contemplates it with the idea of a cathedral in mind.~Antoine de Saint-Exupery
Everyone who's ever taken a shower has an idea. It's the person who gets out of the shower, dries off and does something about it who makes a difference.~Nolan Bushnell
© MERCER 2017 9
B A L A N C E : C O S T , B E N E F I T A N D R I S K
Why do you need a business case?
• Business cases help you translate a great idea into an actionable result
• Supports planning and decision making–- Which product to bring to market- Which projects to fund - Which vendor to choose- When to implement.
T H E B U S I N E S S C A S E : A C R A S H C O U R S E
© MERCER 2017 10
T H E B U S I N E S S C A S E : A C R A S H C O U R S E
What do business cases include? In simplest of terms, a business case is a verbal or written proposal that does the following:
• States a problem
• Describes a solution
• Outlines the investment
• Demonstrates the ROI
• Illustrates the impact if no action is taken
© MERCER 2017 11
5 T I P S T O G E T Y O U T O A “ Y E S ”
Tip #1 Define the problem
Tip #2 Create a vision for the future
Tip #3 Identify your roadblocks
Tip #4 Present your solution and beware of counter-arguments
Tip #5 Be willing to negotiate
© MERCER 2017 12
T I P # 1 : D E F I N E T H E P R O B L E M
© MERCER 2017 13
T H E B U S I N E S S C A S E : S A L E S T R A I N I N G
13
© MERCER 2017 14
T I P # 2 : C R E A T E A V I S I O N F O R T H E F U T U R E
© MERCER 2017 15
T I P # 2 : C R E A T E A V I S I O N F O R T H E F U T U R E
• What is ideal state? What is your proposed solution to achieve future state?
• What new income or cost saving can be predicted from this initiative and when will it pay off the investment?
• What impact will it have on employees? On clients?
• Pull in outside examples, research and case studies that support your vision
© MERCER 2017 1616
“8 out of 9 of us are spending a huge portion of our time persuading, influencing, and convincing others.
Like it or not, we're *all* in sales now.”
– Daniel Pink
T I P # 2 : C R E A T E A V I S I O N F O R T H E F U T U R E
© MERCER 2017 17
T I P # 3 : I D E N T I F Y Y O U R R O A D B L O C K S
© MERCER 2017 18
W H O A R E T H E D E C I S I O N M A K E R S ?
© MERCER 2017 19
W H A T D O T H E Y W A N T T O H E A R ?
Increase revenue….
Decrease costs….
Improve efficiency….
Reduce waste ….Improve customer satisfaction …
Drive employee engagement…
Reduce turnover…
© MERCER 2017 20
B A L A N C E : C O S T , B E N E F I T A N D R I S K
© MERCER 2017 21
RETURN ON INVESMENT (ROI)(Gain from Investment – Cost of Investment)
Cost of Investment
ROI IN MONTHSCost of Investment
Monthly Expected Return
R E T U R N O N I N V E S T M E N T
© MERCER 2017 22
The training team has partnered with operations to research and identify a 3rd party consultant to assist in developing sales training for their customer service representatives.
The total investment in the training is $25,000. Time off the phones for the training, requires an additional investment of $5,000.
What is the investment? ___________________________________
This new training is expected to improve pay for performance bonuses on Program A, generating an additional 2% in revenues equal to $9000 a month.
What is the gain on the investment in the 1st year?____________________________
What is the ROI? _____________________________________________________
What is the ROI in terms of months? ____________________________
R E T U R N O N I N V E S T M E N T
$20,000 + $5,000 = $25,000
$9,000 x 12 months = $108,000
($108,000 – $25,000) / $25,000 = 3.32 times return in 1st year
$25,000 / $9,000 = 2.8 months
© MERCER 2017 23
T I P # 4 : P R E S E N T Y O U R S O L U T I O N A N D B E W A R E O F C O U N T E R - A R G U M E N T S
© MERCER 2017 24
T I P # 4 : P R E S E N T Y O U R S O L U T I O N A N D B E W A R E O F C O U N T E R - A R G U M E N T S
State the Problem
Describe the Solution
Outline the Investment
Demonstrate the ROI
Illustrate the Impact
Executive Summary
© MERCER 2017 25
W H O A R E T H E D E C I S I O N M A K E R S ?
© MERCER 2017 2626
T I P # 4 : P R E S E N T Y O U R S O L U T I O N A N D B E W A R E O F C O U N T E R - A R G U M E N T S
© MERCER 2017 27
S T R I K E A P O W E R P O S E !
27
© MERCER 2017 28
“ I D O N ’ T K N O W ” I S N O T A N A N S W E R
Here is what I know…
Here is what I don’t
know…
Here is how I will figure it
out…
© MERCER 2017 29
T I P # 5 : B E W I L L I N G T O N E G O T I A T E
© MERCER 2017 3030
T I P # 5 : B E W I L L I N G T O N E G O T I A T E
© MERCER 2017 31
T I P # 5 : B E W I L L I N G T O N E G O T I A T E
• Everyone wants to feel like a winner.
• Don't be afraid to ask for what you want.
• Aim high and expect the best outcome.
• Do your homework.
• Shut up and listen.
• Don't be in a hurry.
• Focus on the other side's pressure, not yours.
• Always be willing to walk away.
• Don’t take it personal.
© MERCER 2017 32
R E C A P : 5 T I P S T O G E T Y O U T O A “ Y E S ”
Tip #1 Define the problem
Tip #2 Create a vision for the future
Tip #3 Identify your roadblocks
Tip #4 Present your solution and beware of counter-arguments
Tip #5 Be willing to negotiate
© MERCER 2017 33
D I D T H E S E T I P S L E A D U S T O A “ Y E S ? ”
© MERCER 2017 34
QUESTIONS
• Enter all questions into the “Questions” section of the GoToWebinar panel on your computer screen
Special OfferEnjoy 2 free hours of Mercer PeopleProconsulting on hot HR issues compliments of Mercer PeoplePro.
© MERCER 2017 35
The use of this seal confirms that this activity has met HR Certification Institute's® (HRCI®) criteria for recertification credit pre-approval. Recertification Credit Hours Awarded: 1 Specified Credit Hours: HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™, SPHRi™ recertification through HR Certification Institute's® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org. Recertification Credit Hours Awarded: 1 Specified Credit Hours: HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™, SPHRi™ recertification through HR Certification Institute's® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
Be watching using YOUR
unique URL for login
Stay on the webinar, online for the full 60
minutes.
Certificates delivered by
email no later
HOUSEKEEPING
than 5/6/2017
© MERCER 2017 36
W H O I S M E R C E R P E O P L E P R O ?
Special OfferEnjoy 2 free hours of Mercer PeoplePro consulting on hot HR issues at https://mercerpeoplepro.com/engagement compliments of Mercer PeoplePro.
MERCER PEOPLEPROTM
Elise Boivin
Linda Ruffenach
© MERCER 2017 37
ASCENTIS HCM SOLUTIONS• Ascentis Recruiting:
– Manages onboarding– Standardizes paper-work– Integrates with social media– Portal that parses resumes
• Ascentis Talent Management– Mobile interface– No training required– Easily identify top employees– Employees can rate
themselves
© MERCER 2017 38
• Free live webinars monthly• Free HRCI, SHRM, and APA credits• All webinars recorded and posted to
website for free.UPCOMING WEBINARS
• Apr. 11, 2017 – Seven Mistakes Companies Make With Their Talent Strategy
• Apr. 27, 2017 – Insider Threats – How to Protect Your People, Assets, and Reputation
• May. 4, 2017 – 2017 Talent Trends –Empowerment in a Disrupted World
• May 10, 2017 – Understanding Your Options for Global Expansion