The Mindset Changes to Becoming a Destination Employer Winning Is Everything Thursday, December 14 th 1:45 p.m. - 3:00 p.m. Room: Galileo 907 Communities l Consulting l Training
Sandra Wiley President Boomer Consulting, Inc. Author of The Journey Ahead: A New Roadmap to Collaboration in Your Firm and The Engaged Employee Accounting Today Top 100 Most Powerful Women in Accounting Award My Passion Helping You Succeed! Contact me at sandra.wiley@boomer.com! Twitter: @sandrawiley Communities l Consulting l Training
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Polling FAQs go.boomer.com/wie Communities l Consulting l Training
Live Content Slide When playing as a slideshow, this slide will display live content Poll: How large is your firm?
Live Content Slide When playing as a slideshow, this slide will display live content Poll: Who is most responsible for Talent initiatives in your firm?
What is Mindset? Communities l Consulting l Training
Clients today don t know what they want, because the things they most want are things they don t yet know are possible. Give your clients the ability to do what they can t currently do, but would want to, if they only knew it was possible. --Daniel Burrus Communities l Consulting l Training
Visioning Compliance Business Transformation Be Do Create Experience Have Communities l Consulting l Training
Remember Destinations are ahead of you, not behind you! Communities l Consulting l Training
The Importance of Mindset? Fixed Growth Communities l Consulting l Training
Bigger Future Team Player Willing to Change Improve Processes Life-long Learner Growth Connected Communities l Consulting l Training
Live Content Slide When playing as a slideshow, this slide will display live content Poll: Are mindsets holding your firm back?
Communities l Consulting l Training Talent
Snapshot of today IPA 2016 Survey and AICPA Demand Forecast Professionals per Equity Partner 10 Average increase in comp 3 to 6 % Personnel cost as a % of Net Revenue 45 to 49% Average Turnover 14% Accounting Graduates 5% Female/Male Mix Graduates 50/50% Race/Ethnicity Graduates White 57% all others 43% Accounting Enrollment 20% For every 1 fired 4 left voluntarily Cost to replace 2x annual salary Communities l Consulting l Training
Talent the next 5 years
Focal Points for Building a Destination Employer Culture 1. Culture and Engagement Will Remain Top Priorities 2. Real time Feedback and Analytics Will Explode 3. Performance Management Reinvented 4. Employee Experience Is A Real Thing 5. Free Agent Mindset is Here 6. Digital HR and Learning Systems 7. Diversity, Inclusion and Unconscious Bias will Become Top Priority 8. HR Will Indeed Have a Seat at the Table Communities l Consulting l Training
1. Culture and Engagement Will Remain Top Priorities
Culture Creates Engagement Culture is Transparent Culture brings teams together Culture creates innovation Communities l Consulting l Training
The Bubbling Company Communities l Consulting l Training
Workplace of the Future Communities l Consulting l Training
Live Content Slide When playing as a slideshow, this slide will display live content Poll: What grade would you give your firm on culture and engagement?
2. Real Time Feedback and Analytics Will Explode
Let s Take Your Pulse! Measure and improve employee productivity, real time feedback and analytics Pulse survey tools Activity Streams Communities l Consulting l Training
Communities l Consulting l Training
Live Content Slide When playing as a slideshow, this slide will display live content Poll: What grade would you give your firm on real time feedback and analytics?
3. Performance Management Reinvented
Communities l Consulting l Training
Communities l Consulting l Training
Live Content Slide When playing as a slideshow, this slide will display live content Poll: What grade would you give your firm on your performance management system?
4. Employee Experience Is A Real Thing
What Employee Experience is NOT Communities l Consulting l Training
Cultural Environment What Employee Experience IS. The 3 Employee Technological Environment Physical Environment Experience Environments Communities l Consulting l Training
Live Content Slide When playing as a slideshow, this slide will display live content Poll: What grade would you give your firm on employee experience?
5. Free Agent Mindset is Here
Generations In Your Firm AGE >70 63-70 53-62 40-52 28-39 17 27 <17 Communities l Consulting l Training
Baby Boomers Continue to Exit Loss of Skill and Knowledge Wisdom Transfer Leadership Development Lead Global Youth Tide High Maintenance Need for Reward Performance Management More Need for Management Perpetual Staffing Shortage Struggle to attract, motivate and retain the best Development Investment Paradox Power Shift to Younger More investment in training Employees become more valuable sooner Employees are able to leave sooner and are more marketable New Power in the hands of younger team Employers forced to pay more, improve benefits and lots of flexibility Communities l Consulting l Training
Live Content Slide When playing as a slideshow, this slide will display live content Poll: What grade would you give your firm on combating the free agent mindset?
6. Digital HR and Learning Systems
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Performance/Learning/Employee Data/Recruitment/Payroll
Communities l Consulting l Training
Live Content Slide When playing as a slideshow, this slide will display live content Poll: What grade would you give your firm on digital HR and Learning?
7. Diversity, Inclusion and Unconscious Bias Become Top Priority
The Numbers - Highly Inclusive Organizations Generate 2.3 times more cash flow per employee Generate 1.4 times more revenue Rate themselves 170 percent better at innovation Are 180 percent better in their ability to adapt to change Are 120 percent more capable of meeting financial targets Communities l Consulting l Training
Talent Hierarchy of Needs Inclusive Talent Systems Managed Talent Relationships Critical Talent Growth Essential Talent Activities Communities l Consulting l Training
Live Content Slide When playing as a slideshow, this slide will display live content Poll: What grade would you give your firm on diversity and inclusion?
8. HR Will Indeed Have a Seat at the Table
Communities l Consulting l Training
Live Content Slide When playing as a slideshow, this slide will display live content Poll: What grade would you give your firm on allowing HR a seat at the table?
Action Steps Today! 1. Buy In and Passion from the Top 2. Dive In Fully 3. From Employee Satisfaction To Employee Experience 4. From Paycheck Culture To Purpose Culture 5. Find the right tools to get the right conversations rolling - Pulse! Communities l Consulting l Training
Live Content Slide When playing as a slideshow, this slide will display live content Poll: Where will you focus your energies in HR when you return home?
Thank You FACEBOOK: www.facebook.com/boomerconsultinginc/ TWITTER: @ThinkPlanGrow INSTAGRAM: @ThinkPlanGrow LINKEDIN: www.linkedin.com/company/boomer-consulting-inc- Our website is the best place to learn more about our services. Visit: www.boomer.com Communities l Consulting l Training