Using Values in the War for Talent€¦ · • In group-think, conformity reigns supreme • Result...
19
Using Values in the War for Talent Maia Rushby & Rowena Wild Business Values Partnership
Transcript of Using Values in the War for Talent€¦ · • In group-think, conformity reigns supreme • Result...
UsingValuesintheWarforTalent
MaiaRushby&RowenaWildBusinessValuesPartnership
Lensesofdiversity
Gender
AgeCultural
Thebusinesscaseforconnectingatthevalueleveltoattractthebestpeople
PwCEmployeeEngagementSurvey,2014
Tobuildengagementwithyouremployees:1. Givepeopleastrongsenseofpurpose2. Buildacultureofengagement
🏆Ø Anengagedemployeeputsin57%moreeffortandis87%lesslikelytoresignthanthedisengaged.
Ø $450-$550bnistheestimatedannualcostofdisengagementØ 33%higherprofitabilityforcompanieswithengagedemployeesØ 51%lowerstaffturnoverwithsatisfiedemployeesØ 2.xincreaseinperformancerelatedbusinessoutcomes.
Upto4GenerationsareWorkingTogether
Maturist /Traditionalist/
SilentGeneration
BabyBoomers GenerationXGeneration Y/Millennials
GenerationZ/iGen /
Centennials
Bornbefore1945 Born 1946- 1964 Born1965 - 1976 Born 1977- 1995 Bornsince1996
8.5m 14.8m 13m 13.8m 14.5m
1945 2016
By2020,Millennialswillform50%of
theglobalworkforce
Differencesinvaluesbetweenbaby-boomersandmillennials
Happiness Passion Diversity Sharing Discovery
Millenials BabyBoomers
Justice Integrity Family Practicality Duty
Millenials BabyBoomers
Millennialsrankinward-focusedvalueslikehappinessanddiscoveryhigherthancollective-focusedvaluesthatmarktheBabyBoomersgeneration,suchaspracticalityandfamily.
Implicationsofgenderdifferencesintheworkplace
Diversity-in-Leadership,2015
Sustainability Shorttermorientation
Collaboration Competition
Inclusion Innercircles
Timeforpraise Constantfocusonwhatelseneedstobechange
Timeforlearningandinnovation
Aggressivechallengeanda‘no-mistake’culture
Patience
Connection,friendship,senseofbelonging
Community
Appreciation,beingvalued
Learning,development,growth
Createdbythedifferencesinvaluesandworkingstyles/preferencesofmenandwomen:
UsingtheknowledgeindifferencesinHRprocesses
Longtermcareerprospects
Morefocusonpaceofcareerprogression
Teamworking Opportunitytoshowindependence
Office culture,norms,socialclub Referred byafriend
Recognitionandrewardprogrammes
Opportunitytochangethings/leavetheirmark
Talentdevelopmentprogrammes
Resultsmeanprogression
Patience
Community
Appreciation,beingvalued
Learning,development,growth
Connection,friendship,senseofbelonging
Whatpeoplearoundtheworldvaluemost
OECDBetterLifeIndex
Recognisingculturaldifferences…andusingthemtoyouradvantage.
Recognisingculturaldifferences…andusingthemtoyouradvantage.
TheVirtuousCycleofaDiverseWorkforce
Adiverseworkforcehelpstocreateavaluesbased
organisation
Anenvironmentwherevaluesarelivedonadailybasis
attractsadiverseworkforce.
Diversityinteamsprovidesaninclusiveenvironmentthatembracessharedandindividualvalues…...... andaninclusiveandbalancedworkplaceattractsdiversity
DISCRETIONARYEFFORT
Howeversomediversityofvaluesisagoodthingtoo!
RiskofGroupThink Balancetocreateanenvironmentthat
fosterscreativityandinnovation
RiskofDisengagement
Howtowinthewarfortalentusingvalues
Discretionaryeffortcomesfromadiverseworkforcelivingtheirvalues
Adiverseworkforcehelpstocreateavaluesbasedorganisation
Anenvironmentwherevaluesarelivedonadailybasisattractsadiverse
workforce.
DISCRETIONARYEFFORT=imagination+heart+conviction+honour
“Comingtogetherisabeginning;keepingtogetherisprogress;workingtogetheris
success”
HenryFord
“Manisabletoliveandeventodieforthesakeofhisidealsand
values”
ViktorFrankl,Man’sSearchforMeaning
APPENDIX
Whydiversity?…itavoidsgroup-think
Whatisgroup-think
• Occurswhenoneortwopeopleorpersonalitystylesdominateagroup’sculturesocompletelythatthereisnoroomforotherstylesandperspectives
• Ingroup-think,conformityreignssupreme
• Resultofgroup-thinkisthatitoverestimatesitsownpowerandmorality
Howdiversityimpactsgroup-think
• Diversityallowsfordifferingperspectivesonideas
• Diversityoffersuniqueinsightsintoproblems
• Diversitycreatesopportunitiesforinnovation
18
Whydiversity….…ithelpstomanagecomplexity
19
Characteristicsofacomplexsituation• Unpredictability• Norightanswer• Noemergentinstructivepatterns• Highpresenceofambiguitiesanduncertainties• Unknownunknowns• Aneedforcreativeandinnovativeapproaches
Diversityencouragestheemergenceofwell-forgedpatternsandideastofindthebestsolutionpossibleincomplexsituations.8
