How to Build a Dream Company

Size: px

Start display at page:

Download "How to Build a Dream Company"

Suzan Caldwell
6 years ago
Views:

1 How to Build a Dream Company

2 Introduction A Dream Company is one in which employees are able to be successful in all areas of life, leading to much more powerful outcomes for employees and employers than any job alone can offer. Being a Dream Company is about more than just having a positive image. It generates solid and dependable job satisfaction, productivity, and retention returns, too. 2

3 Dream Company We launched our Dream Company research to explore how people see their work and their organization. We wanted to tap into the passion people have in their day-to-day work and determine what drives it. To do so, we measured drivers of Dream Jobs and Dream Companies. As it turns out, working for a Dream Company has a larger positive impact on employees than working in their Dream Job. 3

4 BENEFITS OF BEING A DREAM COMPANY AND TIPS TO HELP GET THERE

5 Dream Companies Care About Employee Well-Being

6 Did You Know? People in Dream Companies are 14% more likely to have high health satisfaction. 6

7 Quick Tip Make the right choice the easy choice. Support employees in finding time to exercise during the day, and if your company offers snacks and beverages, stock lots of healthy options. 7

8 Did You Know? Working in a Dream Company means lower stress. People at Dream Companies are less than half as likely to burn out. 8

9 Quick Tip Understand where your employees are in terms of work and life, and the challenges they face. Just assessing this sends a message to employees that you care and want to help. Once you understand where your employees are, create an informed response that will help you change the outcomes. 9

10 Did You Know? Those in Dream Companies feel free to do their job the way it can best be done (82% vs. 50%) and have opportunities for input on matters that affect their work (82% vs. 46%). 10

11 Quick Tip Where possible, provide employees with autonomy over their work. Having control over work is a key component of well-being. High work demands paired with low work control has been shown to double an employee s risk of cardiovascular mortality. 1 1 Kivimaki, et al., Work stress and risk of cardiovascular mortality: prospective cohort study of industrial employees. 11

12 Dream Companies Provide Opportunities to Learn and Grow and Impact Business Results at the Same Time

13 Did You Know? Dream Companies have better talent retention. Only 13% of people in Dream Companies considered looking for a job often or very often during the previous month, compared to 52% of people not in Dream Companies. 13

14 Quick Tip Help employees understand and play to their strengths as often as possible, and match them with a manager who truly cares about the effects that work demands have on their personal lives. 14

15 Did You Know? More employees in a Dream Company report that their work was of the highest quality as compared with those not in a Dream Company (73% vs. 44%). 15

16 Quick Tip When employees feel successful in all areas of life, they re able to bring their best to work every day. This can mean better focus and higher productivity, which leads to an improvement in the quality of their work. 16

17 Did You Know? 36% more employees working in a Dream Company enjoy work and feel inspired compared to those not working in a Dream Company. 17

18 Quick Tip Inspired employees give their all and are motivated by the knowledge that their efforts make a difference. Make sure your employees know the impact of their work on the organization and its purpose. 18

19 Did You Know? In a Dream Company, 43% more people feel their organization provides them with opportunities to learn and grow in their careers. 19

20 Quick Tip Coach managers to have transparent discussions with their direct reports regarding career aspirations and the competencies needed to achieve their goals. 20

21 Dream Companies Promote Work/Life Balance and Use Smart Benefits Strategies to Do So

22 Did You Know? Dream Company employees report having nine non-core benefits on average, including flexible work, child care, elder care, paid parental leave, educational advising, and wellness. 22

23 Quick Tip A rich portfolio of non-core benefits support employees with responsibilities outside of work and demonstrate that you value your employees as whole people. 23

24 Did You Know? 88% of employees have experienced a major life event in the last six months. Members of this group average experiencing three major life events in the last six months. 24

25 Quick Tip Survey your employees to determine and understand the challenges they face in their lives both in and outside of work. When adding new benefits or changing existing ones, always map back to these challenges to communicate that the changes are in response to employee requests. 25

26 Did You Know? Employees in Dream Companies are more than 3 times as likely to say that they enjoy work so much that it feels like play as opposed to those not in Dream Companies. 26

27 Quick Tip Data show increased usage of non-core benefits, indicating a virtuous circle between their impact and the culture that provides and encourages their use. 27

28 Learn more about understanding where your company is on its path to becoming a Dream Company. Visit brighthorizons.com/solutionsatwork or clientservices@brighthorizons.com.

COURSE CATALOG. vadoinc.net

COURSE CATALOG. vadoinc.net COURSE CATALOG 2018 vadoinc.net Welcome Welcome to the Vado 2018 Course Catalog. Vado provides any organization or learner numerous opportunities to build the skills needed to lead and manage others, as