Research performed by Gallup shows that organizations with world-class employee engagement are 18 percent more productive and 12 percent more profitable than industry competitors with bottom quartile performance! In fact, top decile companies realize 3.9 times the Earnings per Share (EPS) growth rate compared with low engagement performers within their industry.
True employee engagement occurs when individuals apply the full measure of their creative energy and talent to performing work that wholly supports achievement of the organization’s goals. And while perfect engagement is not achievable, our experience and Gallop’s numbers reveal a clear, forward-looking strategy aligned with the organization’s vision, values, and mission goals and translatable to the day-to-day activities of all organization members combined with inspiring leadership is absolutely essential to maximizing employee engagement.
Creating a well aligned, forward-looking strategy is never easy. Making its meaning tangible to employees at all levels of the organization is even harder. Yet in today’s hyper competitive marketplace, both are a business imperative. Even the average performing small company of 100 employees compensated at the U.S. average salary of $60,000 per year can realize direct bottom line improvements of over $500,000 by improving engagement by 9 percent; still remaining well below the world-class target engagement rate. This highly conservative savings estimate does not include the cost reductions realized by the other benefits incurred from as lower absenteeism, reduced turnover, fewer safety incidents, and increased quality. The question becomes: “How can my organization achieve this performance improvement?”
StrategyDriven materials represent tried and tested business world methods based on years of business planning and execution experience and founded on solid research and academic principles. We provide readers with the best practices needed to create the high level of organizational alignment and accountability characteristic of world-class organizations and introduce warning flag processes and behaviors that signal a retreat from world-class standards. Our framework not only addresses performance of discrete planning and execution functions but also the interrelationships between an organization’s mission and objectives to its executable programs, budgets, and procedures, and finally to its products and services and the market it serves. At a more granular level, our framework and supporting practices enhance organizational alignment by reinforcing business process interrelationships from strategic planning and resource management to tactical execution and evaluation and control. We also discuss the management and leadership practices needed to bring employees and the system together; all running smoothly and seamlessly with one another. And all of these practices focus on achieving the organization’s vision, values, and mission goals.
StrategyDriven contributors and our network of renown business leaders address this wide range of business topics through:
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The StrategyDriven Insights Library provides real-world application of strategic business planning and tactical execution best practices – a blending of information and experience practically applied in the workplace combined with sound research and academia. StrategyDriven Insights Library Members gain access to the insights and experiences of exceptional business leaders without the expense associated with maintaining an MBA staff. Full membership offers:
- Principle articles (Sample: Organizational Accountability – Fundamental Accountability Drivers)
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Want to learn more? Listen to the very first episode of the StrategyDriven Podcast, What is a Strategy Driven Organization?