Five ways of reducing the risk of dropping employee retention

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Rate of Employee Retention

Employee retention is no doubt a key challenge. A recent study by Gartner states that the rate of employee turnover is likely to be up to 75% higher. And in addition, it takes 18% longer to fill any available jobs than pre-pandemic. Not to mention the annoying “quiet quitting” phenomenon, which is white-anting businesses too!

And the reasons why staff retention is affected?

The main reasons employees are leaving and affecting employee retention are:

  • inadequate salary,
  • deficient perks and benefits,
  • overworked,
  • lack of support,
  • career progression,
  • better work-life balance,
  • absence of recognition, and
  • unhappiness with management.

What can you do?

Whether we are trying to shift a few covid kilos or improve our qualifications doesn’t matter. There is never a single magic bullet. It’s usually a series of conscious actions and the discipline to implement them that results in the outcome we seek.

 

If you do not change direction, you may end up where you are heading.

– Lao Tzu

 

Let’s start from the very beginning

Getting back to the basics by reviewing your people processes is a perfect place to begin to improve staff retention in your organisation. Here are a few thought starters.

#1 Realistic Position previews

The talent competition is fierce and at an all-time high, so your recruitment process needs to be engaging, timely and professional. How you or your team handle the recruitment process can strongly influence the desire for a new player to choose to join your company or not.

Research shows that providing applicants with a realistic job preview during the recruitment process positively affects the retention of those new hires. Selling the job or the business as Utopia is not a good idea.

#2 Professional interviews to increase employee retention

When it comes to interview questions, “where do you see yourself in 5 years?” or “sell me that pen” are way past their use-by date. The objective of the initial interview is to confirm that skills and abilities align.

The goal of the second or final interview is to confirm fit. Is the applicant a good fit for the job? Equally important is for the candidate to verify if the job is a good fit for them.

It’s a lot less costly to retain people than hire new staff, and with retention as key focus, you need objective information to de-risk the selection process. Tools like our customisable psychometric GR8PI assessments will give you these critical candidate insights— insights that are impossible to glean at an interview.

#3 Socialise and onboard for retention

Early failure is often high among new employees, and hybrid work has added further complexity.

Onboarding aims to help your new team member understand how to be successful in their new job. First impressions count: you have one chance to make a great first impression when an employee starts with your company.

So, it’s best to ensure you have strategic onboarding and assimilation processes that can quickly help new people become embedded in your business and the role. And therefore, more likely to stay. Possible approaches here include:

  • shared and individualised learning experiences,
  • formal and informal activities that help people get to know one another, and
  • assigning experienced employees as role models or mentors for new staff.

#4 Managers are key to minimise staff turnover

Those first few weeks and months in a new employee’s job are critical, especially in the new hybrid world. A first-rate manager-employee relationship is vital in delivering the employee experience and connection to the business for retention.

Compounding the challenge, many managers have never received any formal people management training. Frequently, a person has made it to manager due to tenure, success in their previous role, or the desire to retain a person.

While these may be valid, today, managers need access to new tools to lead and manage their employees. Such tools help them foster career aspirations, well-being, and connection to the organisational culture.

#5 Training and development to improve employee retention

CFO to CEO: “What will we do if we train them and they leave?”

CEO to CFO: “What if we don’t and they stay?”

This conversation rings true today more than ever.

But not just any old training works. Sending your people to a one size fits all training course is just wasting money. Everyone learns differently, and unless you fully understand what training is appropriate for each employee, you will not achieve the outcomes.

A gap analysis can clearly highlight the specific deficiencies. Our customisable GR8PI suite of dimensions helps you identify gaps. By enabling you to benchmark and compare your staff at a glance, you can customise the thorough training needed across the various groups.

 

Elon Musk says, “Some people don’t like change, but you need to embrace change if the alternative is disaster”.

 

If you’d like some help in this area, please reach out or book a call to learn more.

How an HR management tool can predict sales people performance

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Better sales staff equals more sales revenue. It sounds simple. However, an HR management tool can help significantly to increase your salespeople’s productivity.  A complex task fraught with misunderstanding.

Finding high-performing staff involves a specific hiring approach that targets those with precisely the right attributes for the job at hand.

Once you have the right players, it doesn’t stop there. It’s a question of matching them to the right sales roles, managing them and developing the sales team in an ongoing way to ensure maximum efficiency and results.

Remember the old maxim ‘If you can sell, you can sell anything’?

Well, times have changed. Not all sales positions – or reps – are created equal.

According to studies by Herb Greenberg, Harold Weinstein and Patrick Sweeney in their book How to Hire and Develop Your Next Top Performer:

around 50% of sales employees lack the fundamental traits necessary for effective salespeople, and

a further 25% are selling the wrong thing, for the wrong managers, in the wrong place.

That leaves just 25% of salespeople operating to total capacity and producing great results.

So one size doesn’t fit all when finding the right salesperson to sell your product or services.

Financial benefits of hiring the best salespeople

Having a sales team composed of star performers can make a significant difference to your bottom line.

In a study of 100 businesses, Sales Force of Top Producers – A Manager’s (and Owner’s) Dream, reported in Employer’s Advantage, the company’s top performer outsold the bottom performer by a whopping average of 5.7 to 1 – with a range of 3:1 to 9:1.

Just imagine what kind of results you’d get if your entire team worked at the lower margin of 3:1, not to mention 5:1 or higher.

Salesforce Work.com and the TAS Group drew some more shocking statistics from their research. These include:

  • Two-thirds of salespeople miss their sales target.
  • More than half of all salespeople close less than 40% of potential deals.
  • Top-performing sales reps are 250% better at qualifying leads.
  • High performers are 2.5 times more likely to be effective qualifiers than the general population.
  • Revenue can be up to 25% greater at companies where sales and marketing integrate well.

Talent Management – how do you measure an individual salesperson’s productivity?

All this begs the question, just how productive is your own sales team? Can you measure individual productivity? And once you’ve measured it, how do you replace or improve average or poor performers?

The answer is using the advanced science from the next generation of smart psychometric assessment tools. Our award-winning Great People Inside psychometric testing platform will help you identify those essential success attributes for each sales role. As a result, you can match each position with the right employee.

Great People Inside’s psychometric analysis will tell you:

  • what makes your top performers so great
  • why your average performers are less effective
  • how to improve your least successful performers

How to hire the best people with an hr management tool

The right psychometric assessment tools can help you find the right people for your sales roles.

Applied correctly, the Great People Inside HR management tool can make your recruitment of future high performers up to three times more successful and also significantly reduce sales team turnover. When considering the statistics, these results should be music to any employer’s ear.

Figures reported in Employer’s Advantage show that three out of four new sales employees don’t last the distance. They have, in fact, only a 25% chance of staying with the company for an entire year.

Of those that do stick, only one in 10 go on to become a genuine top performer within three years.

So what is the essential DNA of these star performers?

Many have fundamental traits and attributes that help drive their peak performance for the longer term. Using our validated and reliable customised sales assessments, we work with you and scientifically study your current top-performing salespeople.

These measures enable us to create a customised job profile benchmark specific to your company based on your company’s top performers, not a random benchmark based on a collection of external organisations. A company customised standard means you can clearly see what sets your top performers apart from the rest.

This benchmark can also be used to significant effect when recruiting new sales staff, ensuring that candidates fit these rigorous criteria and carry the ‘work genes’ critical to success in their roles. You don’t take risks when buying a personal asset such as a car, so why risk it when hiring your most crucial business asset.

Try us! Just click HERE and we will be in touch.

Looking to hire? First build a positive Workplace Culture

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As workplace culture continues to evolve while we slowly resurface, it’s easy to blame the pandemic for this disruption. Add the “great resignation” or whatever it’s called now, and we have plenty of excuses.

If you’re a business that has tried to recruit someone over the past several months, you are undoubtedly familiar with how difficult it is to find top talent.

According to the ABS, in May 2020, 6.5% of businesses reported at least one vacancy. By February 2022, this was the case for 23.5% of businesses. Unemployment is at 4%, the lowest rate since 2008. So it’s a challenge to find top talent in a tightly competitive market.

A survey by Glassdoor tells us that 77% of respondents said they would consider an organisation’s culture before applying for a job, and 70% said they wouldn’t bother applying for a position if they felt the company’s values didn’t align with their own.

Given this, perhaps it’s a good time for organisations to critically look at their workplace culture and make sure their house is in order first. And ensure company culture is not contributing to their hiring and retention woes and costs.

So, what is the culture in a workplace? 

Great question. There are many definitions varying from the look and feel of the work environment to whether the business provides ping pong tables and fresh fruit for staff every day.

Workplace culture examples in action might be, should we speak up and tell the boss that the latest sales strategy will result in a train wreck. Or should we keep our mouths shut in fear of being “decapitated” for suggesting such a thing? If we make a mistake, is it considered the “end of the world” or a learning opportunity?

A fish rots from the head down, and so it is with workplace culture. When your workplace culture isn’t prioritised by leadership, it’s reflected in each employee’s:

  • performance,
  • productivity, and
  • retention.

 Are you playing to win or playing not to lose?

Many businesses tend to look only at the monthly profit and loss as indicators of success. But it’s equally important to focus on your employees and how they experience working in your company.

Caring about your customers and their experience with your business is a waste of time if you don’t care about your employee’s experience. Employee experience is directly linked to customer experience.

A well-designed employee journey allows your people to understand their value to your organisation. Your employees feel cared for and are set up for success during their employment.

If your company hasn’t conducted a culture audit in the last two years, it’s a good exercise to undertake. Culture audits can vary, although they can be as simple as asking employees what’s going well and what’s not. An audit can involve using some of the great software tools in the market that help analyse this.

Sounds expensive! How much does organisation culture change ‘cost’?

Organisation culture doesn’t usually have a line item in the P&L, so it’s not tracked or measured. Any activities that lead to a positive workplace culture tend to pay for themselves.

The benefits of a workplace culture that supports its employees can mean:

  • a higher rate of retention,
  • lower recruitment and re-recruitment costs,
  • diversity happens more organically, and
  • productivity goes up.

Any increase in productivity goes straight to your bottom line.

No time like the present

A business is more likely to benefit when its culture focuses on the way employees view the company. And with significant change more recently in employee views and preferences, workplace culture may need to change.

There isn’t any “one-size-fits-all” culture that makes every employee happy and productive. But paying attention to what is achievable will pay off “bigly” for your employees and business.

Risky recruitment

Attracting the right talent, the best fit for the job and your organisation’s unique culture can be very risky. There’s lots to consider. For example, you need to determine whether your potential new hires, managers, and team can work together. And work together from various locations.

To do this requires deep knowledge of their personalities, strengths, weaknesses, interests, work styles, competencies, and abilities. Our next-gen technology and solutions will do this work for you.

Why not make contact and learn more about our psychometric assessments so you can make an informed decision?

Remote Work – What are seen effects of further shifts in this competitive market?

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After two years of disruption further shifts in remote work and our lives have emerged. There’s been:

  • the rise of individualism and independence bringing out new confidence to show up as themselves at work. (Fjord Trends 2022)
  • hybrid employment arrangements placing more emphasis on staff being able to work remotely and maintain productivity and service delivery
  • continued challenges to organisations due to Omicron leading to staff shortages resulting in increased costs of hiring more or temporary staff
  • increased pressures on both existing and new staff in the present climate

Moving forward, employers need to relook at balancing the flexibility they offer to individuals with the needs of the team and the greater good of the organisation. (Fjord Trends 2022)

Obtaining the right information for remote hires

How can you increase your success rate and hire the right people the first time for roles in the current labour market? And what about remote work? How can you more easily identify those who will thrive and be productive in a work from home environment?

The traditional recruitment process leaves a lot up to chance. You’ll sift through a stack of resumes and cover letters trying to narrow down the people with the right experience and qualifications and get a sense of other relevant aspects.

You’ll then perform a round of interviews to gauge which candidate sounds and acts right for the role.

You might ask yourself:

  •  “does this person have the right skills to perform the job?..
  • the right credentials?..
  • enough experience?..
  • will they fit in with the workplace culture?..
  • can they bring anything to the table to benefit the business?”

While some of these questions can easily be answered with a CV and interview, others are trickier.

And let’s face it most employees, when asked if they would like to work from home, will answer ‘yes’. This is simply because they are only looking at the positive aspects of doing so.

But this is the homeworking equivalent of asking someone ‘How are you?’. And accepting the answer ‘Fine.’ As confirmation that all is well.

Some key questions are difficult to answer through the traditional hiring process such as:

  • “Will this person be engaged in their work and great in this role?”
  • “Is this person likely to be capable and productive in this remote work role?”
  • “In the long term, will this person be able to handle hybrid working?”

Engagement is critical

Great managers and business owners know that higher employee engagement levels in the workplace translate to higher productivity and better company performance. So especially in this current environment, how can hiring managers improve the likelihood of selecting highly engaged remote work top performers?

It all starts with thinking about how potential employees will “fit”, rather than experience and qualifications. Or even age and gender. Studies have shown that ‘fit’ is what counts if you want a high performer.

‘Fit’ refers to how well a person is suited to their job role, the environment, and the workplace culture. Whether or not a person ‘fits’ in a particular position depends on a few factors, for example,

  • their attitude,
  • personality, and
  • enthusiasm for the work at hand.

To find out which candidate is the right fit for the job and culture, hiring managers must check their biases at the door and use objective information to make their decision. Making this type of decision can be trickier than it sounds, but it is possible.

How does it work?

Hire someone who is objectively the right fit

Choosing the right person for a role can influence how long they stay in the job and how engaged they are with their role working remotely or onsite.

According to Gallup, employee engagement is defined as “the involvement and enthusiasm of employees in their work and workplace”.

According to studies they conducted, businesses are 21% more profitable with engaged employees; I am sure most CEO’s would take this profit increase as a Christmas present!

Instead of solely relying on opinions or a hunch, validated benchmarkable assessments provide you with tools using objective data to determine whether your candidate is right for the role. Recent shifts have meant employee preferences don’t necessarily match what’s best for a business.

 Use your top performers as a benchmark for new talent

When a top performer walks out the door, it often feels like you’re back at square one; scrambling to build your team from the ground up again. But it doesn’t have to be this way. Companies, teams and hiring managers can make the process of replacing top performers easier while improving their hiring process each time.

Not all candidates are suited to homeworking

Buffer.com published an annual global survey on homeworking and discovered in 2020 (like in previous years) that the top 3 difficulties people experience with homeworking, worldwide, are not necessarily related to the pandemic and lockdown:

  • collaboration and communication,
  • loneliness, and
  • not being able to unplug.

This survey suggests that many individuals will either need help to overcome these problems or even that remote work is not a long-term viable option for some people.

 

Remote working

 

To learn more about the Great People Inside assessments specifically designed for work from home employees and teams contact us

 

People strategy for now and the future – how to close gaps

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Planning for a best People Strategy is essential. Your business strategy amounts to no more than words on a page if you don’t have “the right people in the rights seats on the bus”.

All elements of your employee life cycle must be linked: 

  • from attraction through to talent management, 
  • leadership development, and 
  • ongoing performance management. 

There is a great reward too in doing this. Studies tell us that organisations that prioritise their employee experience are four times more profitable than those who do not.

People Strategy v HR Strategy – what’s the difference?

HR Strategy tends to focus more on the planning side of people such as structures for hiring, onboarding, developing, and retaining. 

People Strategy is more about helping employees to grow, by creating an environment that nurtures and enables high performance. People Strategy usually focuses on: 

  • values, 
  • fostering diversity, 
  • inclusion and employee wellbeing, and 
  • predicting and reacting to workforce needs. 

In essence, creating a culture where employees share equal billing with shareholders and business goals.

According to the world-renowned Boston Consulting Group, the three pillars for developing a people strategy are leadership and culture, talent and skills, and HR. 

 

“In these challenging times, organisations must elevate the most important asset they have: their people. By focusing on the fundamentals of people strategy—leadership, culture, talent, reskilling, and HR—companies can emerge stronger, more agile, more innovative, and better able to respond to an ever-changing environment.”

 

I’d like to explore two of these pillars.

Leadership Culture and Strategy

There are many levers at a leader’s disposal to drive their organisations success and effectiveness.  Strategy and Culture are the most important. 

Strategy provides clarity of the company’s goals and helps to align people around them. Culture tends to express goals through organisational values and beliefs. Culture also guides tactics, activity, and implementation.

One thing is sure and that is culture and leadership are linked. Poor leadership and resultant toxic culture usually determine the fate of a business. Studies tell us up to 30% of employees say they left because of poor leadership. These findings highlight the need for every organisation to address this factor.

Culture in more detail

Culture is a more puzzling lever to activate. The reason for this is mainly because Culture can be ambiguous and embedded in unspoken behaviours, people’s mindsets, and social expectations.

Many leaders don’t always appreciate the power of culture. 

 

A recent Gartner Survey revealed that 75% of leadership believe that they run a culture of flexibility. Unfortunately, only 57% of employees agreed. 

 

This lack of appreciation can cause many leaders to either let culture go unmanaged or delegate it to HR, where it can slip to a secondary focus for the business. 

Successful leaders embrace the ambiguity of culture. In my experience many leaders I have met avail of the valuable culture diagnostic tools to understand where their orgnaisations culture is right now. These tools help them to answer questions such as: 

  • Is it more of a creative culture or a reactive culture? 
  • How do the culture snapshot of the board and senior leadership vary from the operational managers’ perspectives? 
  • How “real” is the conversation in the business?

Gaining clarity around culture can be as confronting as it is enlightening – but well worth the investment of time and focus. We partner with many specialists in this area, so reach out if you’d like to explore further.

Talent and skills

Sixty-four per cent of the world’s most admired companies say they have a good understanding of workforce needs two or more years into the future compared to 54% of their peers. 

 

That same recent Gartner Survey I referred to earlier also revealed the same 75% of leadership also felt that they did a good job incorporating employee voice in decision making. Unfortunately, in this case only 47% of employees agreed. 

 

The forced extreme disruption, which was the last two years, has meant that most businesses naturally thought more about survival than future talent and skills needs. Now is the time to think about your future talent and skills requirements. Some steps to take include:

  • Ensure Employee Pulse Surveys acknowledge and act on the feedback provided
  • Use customised psychometric assessments to identify traits and skills gaps
  • Incorporate customised 360° surveys as part of your development programs
  • Facilitate regular check-ins between individuals’ teams and managers

Lastly, lockdown work from home is different from long-term working remotely. Most organisation psychologists accept that loneliness, communication, and isolation can trigger depression. 

So, if there is a disconnect in your business between HR policies, the leadership strategies propelling them, and employee sentiment on the ground, greater emphasis must be placed on the needs this new work approach demands. 

For example, consider what capabilities and skills (soft and hard) are essential to be future-ready? Do all employees possess the discipline, conscientiousness, and results orientation to deliver in a hybrid environment? What might this mean for remote work and the flexibility we can offer? 

Through our business offering, we have many people analytics resources and tools to assist with both these pillars. Reach out if you’d like to discuss how we can help with the future of your people.

A Coaching Culture – how does this Protect Productivity and Profit?

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You need to attract and retain the best talent for your organisation and adopt a coaching culture to ensure you win. 

However, as the vaccine rollout in Australia gains momentum and the economy continues to rebound, research tells us the labour market will get tighter. For this reason, this situation will result in the war for talent becoming more likely to happen.

Hybrid work arrangements and work from anywhere policies are now the norm in most organisations. Then, to win this talent war, it’s now mission-critical:

  • to have your dispersed team highly engaged 
  • led by outstanding remote managers 
  • supported by a strong organisational culture. 
Productivity

Markedly, more than 70% of employees state they are more productive working from home, and businesses report 47% productivity increases during COVID. 

Most business leaders agree that increasing employee engagement increases productivity significantly and improves bottom-line profit. 

The fact is, it’s never been more important to focus on the productivity of your remote teams for the long term. And equally, ensure your managers feel equipped with the skills and tools they need to meet and exceed company goals.

Managers hold the key

If you have been fortunate to work for a great manager, I’d like to invite you to reflect for a moment. What was great about them? How do you remember them? Certainly, the fact is that managers can make or break a team. 

  

The Oxford English dictionary defines a manager as “a person responsible for controlling or administering an organisation or group of staff”. 

 

This is one definition; rather, my personal definition of a manager in 2021 and beyond is a “person that leads, supports, and develops a team of people to deliver the organisational goals.”  

 

By and large, the way we work has shifted forever. Being a manager has always been a tough gig, but in the hybrid environment, it sucks!

So how can you ensure your managers are ready for the hybrid normal?

Future-ready culture with a coaching culture

A culture of coaching is an approach in which leaders, managers and staff members work together to increase individual, team and company organisational performance.

The future hybrid workplace with a strong culture will be one where workers feel empowered to work towards their own goals independently. Managers who foster this type of working environment will positively impact employee engagement and organisational productivity. 

Gallup research has shown that managers are a massive influence on engagement rates. It was found managers account for at least 70% of the variance in employee engagement scores across business units. And with high engagement rates comes better company results.

So how can you transform your managers into coaches to create a culture of coaching in your workplace?

Teach coaching skills

The first steps are knowing:

  • who you are as a leader, and 
  • whom you have on your team. 

Its commonly accepted that not everyone has the required traits to work remotely long term. And business WHS responsibility for their employees does not change just because they are not working at the office. The solution we recommend is using established science to predict how your managers and team members will perform in a long term remote/hybrid environment.

I’ve used many people assessment tools over my 20+ years as a coach and a people leader. With this in mind, I find the bespoke next-gen people assessment tools from Great People Inside are easy to use. And, their predictive capability and insights are second to none for this exercise. They are outstanding, too, when you’re hiring a new remote employee. They truly de-risk the recruitment process and increase your success rate by 300%!

Not all managers have a coaching mindset, but all great managers do. Certainly prioritising coaching in your workplace training is the best way to create a coaching culture. This type of training is essential for employees transitioning into leadership roles or those coming to grips with managing people remotely.

Rank employee engagement as a top priority

Tying together talent and employee engagement to achieve important business objectives is what coaching is all about. 

To nurture employees’ professional development to keep them engaged, a good step is discussing with each employee their professional goals from their point of view. Then communicating clearly and precisely how the organisation can support them to achieve their goals.

In this way, the employee owns their own development and their careers. 

A coaching culture fosters an environment of trust.

Trust influences everything. A work environment in which managers coach and trust their employees and employees trust their managers is one where productivity can thrive. Creating trust is challenging. Again this is where a coaching mindset can play a huge role.

 

Professor Ralph Stacey, a renowned organisational theorist and Professor of Management at University of Hertfordshire, in the UK., says it best – “the quality of the system is determined by the quality of the relationships which is determined by the quality of the conversation.” 

 

When individuals have accountability over their work, they are more likely to achieve important business outcomes independently. Autonomous workers also understand how their everyday work contributes to the overall success of the company. Having this connection to the purpose helps to empower individuals to reach their highest potential.

Contact us today to find out more about incorporating a coaching mindset for your leaders and our Great People Inside assessment tools.

How do people management skills improve your business success?

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People management skills are one of the essential soft leadership skills a leader should possess.

While working from home in some form is accepted will remain after COVID, managing teams remotely has, for the contemporary leader, added the need to develop new skills.

Now may be an opportunity for your business to increase focus on this area with employees recognising the value of these skills.

These skills help overcome challenges in the workplace and build your team and business for several reasons:

  • handling interpersonal conflicts
  • leading employee training
  • managing deadlines
  • communicating and distributing information between employees working remotely and onsite
  • building a solid company culture, and
  • developing your employees’ maximum capability.

Leaders who adopt people management skills provide constructive feedback and mentor employees to grow and succeed in their positions. Goals will also be able to be established and achieved.  And overall, this results in a positive influence on the work environment.

A leader who has an in-depth understanding of their employees can evaluate:

  • the strength and weaknesses of their team
  • the resources required, and
  • set realistic deadlines.

This approach encourages the employees to strive for success and not set them up for failure.

In addition, leaders are able to build rapport, ask the team for constructive feedback, and take actionable steps to make positive changes in the work culture. As a result, this benefits everyone.

Below are four critical people management areas to help you understand your team and individuals at all levels. From onboarding, developing new skills, preparing them for other roles, to working on specialised projects.

  1. Understand Human Behaviour And Acknowledging Diversity

It is crucial to understand one simple concept – we are all different. Each individual will react and behave differently in any given situation.

A leader needs to realise that family, environmental and cultural influences have shaped some beliefs and behaviours. Understanding and learning some behavioural types and conditioning will allow leaders and managers to treat their employees with respect. In return, the business will be rewarded with best work practices, a motivated team, and valued ideas and opinions.

  1. The Individual’s Purpose

It is also imperative to understand how the individual team member sees their own purpose in their role and how they can contribute to the business. This can lead to improvements at both the individual employee and business levels.

A continued effort in understanding their sense of purpose, whether they are in the office or working from home, ensures the individual and business goals stay aligned.

  1. Transparent Communication

When there is open and transparent communication, it creates an atmosphere of trust. In effect, by employing people management skills, this communication works both ways, i.e., you tell, and they listen, and you have to do the same – listen to your employees.

This area is more critical than ever for businesses undergoing managing teams remotely. Video-based onboarding and mentoring and a remote communication strategy are essential for employee skill development and project delivery.

  1. We Own This Together

While leading with example is great, it also benefits when you entrust team members with specific tasks which best fit their skill sets. It shows that you are acknowledging their skillset and allowing them to demonstrate their capabilities. As a result, the team is closer and creates an environment of ownership and positive experiences.

In a remote setting, delegate tasks through shared online platforms that allow for the employee’s autonomy while still maintaining a sense of community in the workplace.

Responsibility and accountability on both ends improve overall morale and reduces people management skills coming across as complicated, unnecessary at times, and time-consuming.

Ongoing people management for development and retention

Just because you have hired a superstar does not mean you don’t have to continue managing and developing them to maximise their potential and business outcomes.

Development should start from day one of an employee’s journey with their new company. The rapport the new employee develops with the company can have long-lasting effects on the business, including the employee retention rate.

Trends have seen employees become more focused on developing their individual skills. Placing importance on their progress can help connect their goals to the more significant objectives of the business. Supporting these goals can be achieved remotely from the onboarding stage and continue through employment by hosting video workshops and online training seminars.

Many reasons cause an employee to leave an organisation, such as:

  • a lack of training
  • development
  • engagement
  • progression opportunities.

Quantify top performance 

Many assessments compare candidate results against generic benchmarks or no benchmark at all. In other words, this leaves the user with either no reference point or, at best, a near enough is good enough benchmark.

At GPI, we believe assessing an individual’s job performance as accurately as possible requires benchmarks built specifically for each role. Assessments can apply to both positions operating onsite or remotely. By identifying the success DNA of your top performers, you can create job benchmarks based on what success looks like in your business. Further development of your existing team members can be implemented where appropriate, including a coaching option.

As the employer, benchmarking flows through promoting and succession planning of your people to measure candidate profiles against the relevant top-performing role profile in your organisation.

Given these points, assessments that treat people as multi-faceted complex individuals we are, open a world of possibilities with both your new and existing people. You will find yourself in the stronger position of identifying your people’s true potential and providing opportunities for laser-focused development.

If you’d like to trial our assessments for consideration as part of your organisation’s people management strategy – contact us.

How people capability in organisations is impacted by assessment types

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Taking a punt on a one size fits all approach to recruitment

Most managers and leaders know hiring a new employee for best people capability is an expensive exercise.

I’ve never actually met anyone who set out to hire a less than ideal employee on purpose. However, it always bothers me that statistics tell us we hire the right person only less than 25% of the time.

Think about that for a moment. Imagine you have a process in your business that only delivers the right outcome with such a low level of consistency. What would you do?

I’m thinking you’d change the process and look for new ways to deliver better outcomes. Good. Then read on.

Roll the dice and take your chances

The goal of recruitment is to hire a new employee that will add value, contribute to the business, and enjoy their work. All this leads to high people capability and engagement.

But it’s not that easy. You gamble $30,000 EVERY time you start the hiring process because humans are complex beings.

For starters, there is the deep-seated unconscious bias that comes with being human. To add to our responsibility, some candidates:

  • lie on their resume,
  • fudge their referees, and
  • turn out to be more of a lone wolf than a team player.

The potential pitfalls are endless! As my mother used to say, “you’d need eyes in the back of your head”!

Typical behavioural assessments for people capability

Many businesses use psychometric assessments to help in predicting the behaviours and ability of candidates.

Assessments are not new. Most have been around since the last century.

However, the issue is that most psychometric assessments are ‘off the shelf’ packages of measures selected by the test provider, not the buyer.  This leaves buyers with no opportunity to vary them in any way.

Consequently, this approach means that buyers measure things they do not need to and fail to measure elements that are critical to their business’s success.

This traditional ‘one size fits all’ solution used across the employee life cycle does not meet the needs of modern organisations. As a result, the ability to attract, assess, select, develop and retain the right people is negatively impacted.

Stack the odds in your favour for your organisation’s people capability

Great People Inside (GPI) appreciates that every organisation both large and small is unique. Organisations spend millions on defining, developing, and implementing for the commercial advantage of their successful business. Some aspects include:

  • those specific leadership competencies,
  • that unique culture,
  • that state-of-the-art customer service,
  • those well-known values and dynamics.

We understand that the uniqueness and greatness of your organisation cannot – and should not – rely on a ‘one size fits all’ approach.

That is the reason GPI invested hundreds of years of collective, international know-how to create technology empowering you to embrace the complete life cycle of employees and executives. From talent acquisition and onboarding, talent growth and development to employee assessment and performance management.

Guided by our easy-to-use platform, the buyer can select from a menu of more than 60 validated and reliable psychometric dimensions.

This same flexibility applies to our 360° surveys, where you can choose from more than 50 managerial skills and competencies. In addition, suggestions for future improvement and development are available.

In effect with GPI, you can easily create totally customised assessments and surveys specific to your needs. From the competencies, values or objectives of any role, department, or organisation – anywhere in the world.

To learn more about the dimensions available suited to modern organisations, or if you’d like to trial our assessments – contact us.

VUCA Leadership today: how to identify great VUCA Leaders

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VUCA leadership is paramount, with the world facing an uncertain future today.

The VUCA acronym (Volatile, Uncertain Complex, Ambiguous) has been around since 1987. It was the US Army War College’s response to the collapse of the USSR in the early 1990s.

No one was forecasting Covid-19, even in January 2020.

Without a doubt, it has been the most disruptive event in our lifetimes. It has devastated:

  • countries,
  • economies,
  • businesses,
  • individuals,
  • families, and
  • communities.

But it is likely there may be other disruptions waiting in the wings that, as yet, we know nothing about.

What does VUCA leadership and uncertainty mean for organisations?

The BIG questions for organisations are:

  • which elements will affect you,
  • to what degree, and
  • how will a combination of consecutive catastrophic disruptions alter the change.

Despite the deliberations of many so-called thought leaders and experts, the truthful answer is no one actually knows what’s going to happen in the future!

What you can rely on, though, is that there will be significant change. VUCA leaders in your organisation means the capability of anticipating, responding and reacting to change when it happens in turn, reacting again and again when it changes again (and again).

 

“THE ONLY CONSTANT IN LIFE IS CHANGE.”  – HERACLITUS (C535BC – C475BC)

 

What makes an effective VUCA leader?

Effective VUCA leadership is demonstrated by those who can give their company more than an abundance of skills and experience. Traits of VUCA leaders are that they can:

  • develop and communicate a clear and motivating vision, based on an understanding of the constantly changing economic environment, and
  • apply it through quick decisions, well-adapted to ever-changing conditions.

In addition to skills learned for a role, experience, and qualifications gained, there is no substitute for the enthusiasm, motivation and vision these great leaders possess. VUCA leaders can mean the difference between an average team and a high performing team in an organisation. They are the leaders every company wants to keep, nurture and develop to their full potential.

VUCA leaders are acutely aware of the strategic goals they are striving for, and what they need to do to get there. They share:

  • company values,
  • strive to be the best at what they do,
  • identify areas for improvement, and
  • actively engage with their own leaders to perfect their craft and leadership method.

Leadership style isn’t a perfect science – but what all great leaders have in common is their ability to be authentic.

Future proof your business through VUCA leadership

Thinking back to the beginning of the Covid crisis, who among your managers disappointed you with their response? Who impressed you? Were any of these a surprise to you (either positive or negative)? Those who responded well are, potentially, your VUCA Leaders. If you manage to retain them they are the people who will guide you through future change events.

Using the Great People Inside customised VUCA leadership assessment, you can identify and quantify which team members and potential candidates possess the required attributes. Gaps that may be obstacles to your organisation’s success can also be uncovered.

Click here for a free trial.

Your ideal candidate when hiring – what’s on your wish list?

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We usually see various words and phrases in job ads that describe an employer’s wish list for hiring an ideal candidate.

This statement below I came across recently brought a smile to my face as it reminded me of this.

 

Can you perform under pressure? asked the recruiter. 

No, said the candidate, but I do a mean Bohemian Rhapsody!

 

Some more standard features you might see employers looking for in hiring an ideal candidate are:

  • Ambitious
  • Resilient
  • Bubbly personality or Can-do attitude
  • Clear thinker and have a Strong work ethic
  • Share our passion
  • Accuracy and Attention to detail
  • a Team player, a Strong Leader, and yes, Perform Under Pressure!

As an illustration, the typical wish list for the “perfect employee” often reads something like this:

“We are looking for someone ambitious who will demonstrate initiative and resilience has the maturity always to remain calm and professional. You will have an excellent work ethic and have outstanding communication skills. 

You are respectful and enjoy working in a team in a fast-paced environment in which you will be able to prioritise and handle multiple tasks while meeting deadlines”.

Job advertisements will also include what the work involves, and the qualifications and experience needed to be a successful applicant.

 

Consider the total recruitment cost of hiring a non-ideal candidate

Despite rigorous selection processes, many studies tell us that up to 50% of new hires fail within 18 months.

For Australian businesses, the cost of these failures is indeed high. Recent research discovered the direct recruitment costs to hire ONE employee are on average a staggering $19,000!

Add to that another 30% to 50% of the annual salary with the total cost of induction, orientation, training, maintenance, termination, and lost opportunity.

There would be “skin and hair flying” in many management meetings if all these costs showed up on a Profit and Loss Statement line.

Your choice

So, what gets in the way of more consistent selection outcomes when it comes to hiring an ideal candidate based on a wish list? Most would agree that even the most basic selection process can get it right with the required qualifications and experience for a role.

However, when it comes to attributes similar to the examples below, the ability to precisely assess if the person sitting in front of us possesses these is close to impossible:

  • Tenacious
  • Ambitious
  • Resilient 
  • possesses Initiative
  • will Remain calm and professional, and
  • has an Excellent work ethic.

People tell us what they think we want to hear; after all, they are looking for a job!

Consequently, many of us make our hiring decisions based on our “gut feel” and what we “liked” about the candidate during the interview. In essence, we hire people we like.

Given that research tells us that more than 40% of Australians think it’s okay to lie during an interview, this stacks the odds against us. We need to add some objective data to our “gut feel” to help us get it right more consistently.

The way forward for hiring more ideal candidates

The next generation award-winning Great People Inside (GPI) customisable assessment platform now available in Australia allows you to choose those specific attributes on your recruitment wish list.

Therefore, if you want to assess certain attributes, these can readily be selected. For example, attributes like:

  • Resilience
  • Tenacity
  • Ambition
  • Discipline
  • Customer Focus
  • Closing sales.

Thanks to https://unsplash.com/@fiteka for this image

Over 60 validated psychometric dimensions are available to precisely evaluate the crucial traits for both your business and the specific role. And if we don’t have what you need, we will build it for you. We call this full customisation.

With this in mind no longer are you restricted to relying on your gut feel and hiring people you “like”. You can easily create GPI assessments as short or as long as you wish.

By adopting this approach, specific objective data can be added to your selection process and increase your success rate by up to 300%.

Don’t take our word for it!

We were delighted to recently receive the following feedback from one of our clients who has been using with great success the Great people Inside (GPI) platform for more than 18 months. This client uses the GPI platform to assess alignment to the company values of both internal employees and new recruits.

They tell us, “We are observing through using the GPI profiling tool to test for values fit, we are naturally defining critical success factors to base our hiring decisions on.

The more we benchmark our top performers and see success in our new recruits, the more we learn about what are the critical behaviours and interests that make a person a successful cultural fit in our business.

Whilst we would like to think we were good at picking this up before, GPI provides us with an evidence-based, tangible tool to confirm this and has been a real value add to our hiring decisions”. 

If you’d like to learn more, we’d be happy to let you try us for free. Click HERE, and we’ll be in touch straight away.