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vanguardvisionsconsulting.com .au Allison Miller Salisbury Business & Export Centre 12 June 2012

Staff reward retention and motivation presentation 120612

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Page 1: Staff reward retention and motivation presentation 120612

vanguardvisionsconsulting.com.au

Allison MillerSalisbury Business & Export Centre

12 June 2012

Page 2: Staff reward retention and motivation presentation 120612

Why are your staff important to your business?

How are you rewarding, retaining and/or motivating

them now?“Nothing important gets done alone” – Goleman, Boyatzis & McKee (2004)

Page 3: Staff reward retention and motivation presentation 120612

This session

Gain - why your staff work for you and why they leave

Train – Developing and supporting your staff

Sustain - When to use the carrot and when to use the stick

Retain - Approaches and process to which match your business goals

Page 5: Staff reward retention and motivation presentation 120612

Gaining or ‘attracting’ the right staff

Why did your staff want to work for you?

Why your staff works for you?Why do they leave?

Page 6: Staff reward retention and motivation presentation 120612

Find out why through:

anonymous surveysinformal conversationsperformance reviews

feedback forms existing interviewers

Image: 'Hangers employee shoot' - http://www.flickr.com/photos/63369864@N00/3970308905

Build on these strengthsPromote them when recruiting

Page 8: Staff reward retention and motivation presentation 120612

Are you an “employer of choice”?

Page 9: Staff reward retention and motivation presentation 120612

Maximising Productivity

Employer Resource Kit - Image: http://www.sa.gov.au/upload/franchise/Business,%20industry%20and%20trade/Services%20and%20resources/Publications/Employer%20Resource%20Kit/Info%20cards%20-%203_Keeping%20best%20staff.pdf

Page 10: Staff reward retention and motivation presentation 120612

Training & Developing your staff

What are you doing to train & develop your staff?

Page 11: Staff reward retention and motivation presentation 120612

Workforce Development

“international and national research indicates that the increase in labour productivity resulting from targeted

training can yield a return on investment of more than 30 per cent”

Training ROI Calculator: http://www.training.com.au/pages/menuitemc9a7df17b369a390f9fa5a1017a62dbc.aspx

Page 12: Staff reward retention and motivation presentation 120612

Workforce Development

Skills for All funding for training: http://www.skills.sa.gov.au/for-employers-business/funding-for-training

Page 13: Staff reward retention and motivation presentation 120612

Forms of learning

What learning opportunities do your staff have?

Page 14: Staff reward retention and motivation presentation 120612

Forms of learning

Formal LearningNon formal learning

Informal learningProject based learningAction-based learning

Community of practice - NetworksCollaborative learning communities

Page 15: Staff reward retention and motivation presentation 120612

Learning Goals/Plans

“learning goals have been shown to lead to greater improvement than

have performance goals”

Goleman, Boyatzis & McKee (2004)

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Succession Planning

Work shadowingJob trials

Coaching/Mentoring

Image: 'Beautiful Belly (II) [DSCF9720b]' - http://www.flickr.com/photos/50987785@N00/151474296

Page 17: Staff reward retention and motivation presentation 120612

Succession Planning

What are you doing to prepare for when your key team members

leave?

Page 18: Staff reward retention and motivation presentation 120612

Performance Appraisal vs Management

‘The Road to Success’ – Alexander (2011), Human Resource Strategies for Innovation, University of Southern Queensland

Page 19: Staff reward retention and motivation presentation 120612

Performance Appraisal vs Management

What is the difference?What do you do now?

How is it going?

Page 20: Staff reward retention and motivation presentation 120612

Performance Appraisal vs Management

Image: 'What is it that makes a good+Real+Estate+Agent+Great?' http://www.flickr.com/photos/37514440@N02/4938797736

Real – Realistic GoalsRegular

feedback/communication360o evaluations

Reward vs recognition – individual vs team

Page 22: Staff reward retention and motivation presentation 120612

Work-life balance

What work-life practices are you using in your business?

Page 24: Staff reward retention and motivation presentation 120612

Sustaining – Carrot vs Stick

How do you motivate your staff?

Page 25: Staff reward retention and motivation presentation 120612

Extrinsic vs IntrinsicExtrinsic Intrinsic

(Tushman & Nadler, 1986)

Pay rise Autonomy, ownership, responsibility

Bonus, commission, financial incentives

Opportunity to use initiative, creativity, problem solving

Time off/ holidays Learning new skills, new job roles

Promotion Supported to understand and improve strengths/weaknesses

“no external motivators can get people to perform at their

absolute best”

Goleman, Boyatzis & McKee (2004)

Participate in decision making, committees, networks

Celebration/Recognition of successes

Job is achieving something important/useful/making a difference

Page 26: Staff reward retention and motivation presentation 120612

Sustaining – Carrot vs Stick

What extrinsic/intrinsic motivators are you using?

Page 27: Staff reward retention and motivation presentation 120612

Keeping your best staff

Employer Resource Kit - Image: http://www.sa.gov.au/upload/franchise/Business,%20industry%20and%20trade/Services%20and%20resources/Publications/Employer%20Resource%20Kit/Info%20cards%20-%203_Keeping%20best%20staff.pdf

Page 28: Staff reward retention and motivation presentation 120612

Keeping your best staff

What do you do to retain your staff?

Page 29: Staff reward retention and motivation presentation 120612

Cost of staff turnover

Employer Resource Kit - Image: http://www.sa.gov.au/upload/franchise/Business,%20industry%20and%20trade/Services%20and%20resources/Publications/Employer%20Resource%20Kit/Info%20cards%20-%203_Keeping%20best%20staff.pdf

Loss of corporate knowledge, productivity, negative impact

on other staff/employer brand, low morale, existing

staff shouldering the workload etc

Tools, equipment, technology,

communication/mobile, car

Job description development/update, job ad,

recruitment agency, inquiries, shortlisting,

interviews, admin

Medical, drug/alcohol testing, licensing, worksite

training, contract/legal fees, PPE/Uniform, T&D

Induction, Stationery, business cards, updating

records

Page 30: Staff reward retention and motivation presentation 120612

Management styles (Wikipedia, 2011)

Autocratic - Centralised

Laissez-Faire - Autonomous

Democratic - Collective

Paternalistic - Hierarchical

Competitive business strategy (Miles & Snow, 1986; Sculer & Jackson, 1987)

Cost Reduction - Defenders

Innovators - Prospectors

Quality Enhancement - Analysers

Mandate to try to be all three?

Possible Industry types or organisational contexts

Family-owned business

Emerging Technology buiness

Community Service Organisation

Government Dept/Organisation

Your management style

“Managers influence 49% of all resignations”HERO eBooks, Retention Success: Your Free Guide

Page 31: Staff reward retention and motivation presentation 120612

Retention strategies

Rewards ProgramsEmployee Assistance Programs (EAP)

Social ClubStaff Newsletter

HERO eBooks, Retention Success: Your Free Guide

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Reasons I stayPersonal ambition

Recognise meRewarding challenges

FlexibilityContented/Loyal

Supportive environmentTraining/Responsibility

CareerOne, Hunting the (Hidden) Hunters

Page 33: Staff reward retention and motivation presentation 120612

Local Support

Workforce BluePrint – workforceblueprint.com.au

HR Development at Work – developmentatwork.com

Human Interest Partners – hipartners.com

Page 34: Staff reward retention and motivation presentation 120612

vanguardvisionsconsulting.com.au

Allison Miller0400 732 270

[email protected]

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