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A Great Place to Work® - What it
means, what it takes and why is
           it important

  Great Place to Work® Institute, India
GREAT PLACE TO WORK®

 MODEL & FRAMEWORK
A great place to work is one where you

                        Management
 Trust the people you
 work for...                               Trust is the Key
                                           Driver…
                        Employee


            Job                   Other Employees
  ...have pride in what you    ...and enjoy the people you
  do...                        work with


          Relationships are the key…..
                                                  3
And that enables one to



                    Management
   achieve
   organization’s
   objectives

                    Employee


            Job              Other Employees
   ... give their          ... and work together as
   personal best                  a team/family

      in an environment of Trust…..
Essential elements of a Great Place to
Work
                     Two way Communication
  T Credibility       Manager’s Competence
                   Integrity – Reliability of Management
  R                     Professional Support
                           Collaboration
  U Respect             Demonstrated Caring
  S                            Equity
                             Impartiality
  T Fairness                   Justice

                              For the Job
     Pride                  About my Team
                         With the Organization

                       Individuality is valued
                      Welcoming Atmosphere
     Camaraderie
                      Part of something larger
Two employees may have different
  experiences in the same organization…




“ Oh, he is ok if you get on the right side of him”
Two Lenses
Two parameters…

                  Employee Response
                    captures employee
                   experience through an
                    anonymous survey




                  Organization Response
                  captures people practices
                      at the workplace
The best workplaces have effective people
                       practices that support positive employee
                       perception
                       High




                              Good Cultural Foundation       The Best Cultures
Culture Audit© Score




                              Transactional Culture
                                                          Culture promotes trust
                       Low




                              Low                                              High
                                      Trust Index © Score ( Employee Survey)
                                                                           9
Why be a Great Place to Work?
“100 Best” vs. Stock Market 1998-2009
Cumulative Return

     250%               224%

     200%

     150%                                111%

     100%
                                                42%      47%
       50%

         0%
                    "100 Best" "100 Best" S & P 500 Russell 3000
                      Reset Buy and Hold
                     Annually



SOURCE: Russell Investment Group, 2009
“100 Best” vs. Stock Market 1998-2009
    Cumulative Return
                                     Performance of "100 Best“
                                  Cumulative return in percentage terms




                               "100 Best"                 Russell 3000   S&P 500


SOURCE: Russell Investment Group, 2009. Data from Fortune “100 Best”
Voluntary Turnover: India Top 50 vs
    Industry Average
                                                                          17%
         Telecommunications
                                                              13%


                                                                                      21%
   Construction & Real Estate
                                                                 14%


                                                                                19%
        Professional Services
                                                                    14%


                                                              13%
  Manufacturing & Production
                                                  6%


                                                                                      21%
Financial Services & Insurance
                                                                           18%


                             0%             5%         10%      15%             20%         25%

                   Overall Industry 2011                 India Top 50 2011
  *Source – Best Companies to Work For – 2011 study
Are Great Workplaces Great Companies?
11 out of 18 Companies featured in “Built to Last” by Jim Collins also
feature in Great Place to Work® Institute’s 100 Best Companies to work
for in America*

1.Nordstrom
2.Marriott International
3.American Express
4.Merck
5.Procter & Gamble
6. Hewlett-Packard
7.Johnson & Johnson
8.Wal-Mart Stores
9.3M
10.IBM
11.Motorola

        * Published by Fortune magazine in US
THE JOURNEY…
Roadmap to become a Great Place to Work
Our Methodology

Institutionalize- Building the Roof
          Employer Brand




          Building the Pillars
 Building People Manager Competencies




 Strengthening the Foundation
     Building Key Differentiators

    Laying the Foundation
        People Philosophy



                        ©2010 Great Place to Work® Institute, India. All Rights Reserved
Phase 1: Building the Foundation -
Articulating a People Philosophy


• A clear understanding of how their people are linked to
  their business.

• If the leadership team does not have clarity in this area then
  this is the starting point.
FedEx : P-S-P
Phase 2 : Strengthening the
 foundation
The “differentiators” in a great workplace:
       Equity               Reliability



       Impartiality                    Caring
Phase 3 – Building the Pillars – creating
   great people managers
                   People Practices
                                        HR Processes
               1.Hiring
                                        •Recruitment
               2.Welcoming              •Induction
               3.Inspiring              •Performance Management
               4.Speaking               •Employee Communication
               5.Listening              •Training
               6.Collaborating          •Rewards and Recognition
Employee       7.Redressing             •Talent Management
Experience     8.Thanking
               9.Developing
               10.Balancing (Caring)    Manager’s Competence
               11.Supporting (Caring)
               12.Including (Caring)    •Employee engagement
                                        •Communication
               13.Celebrating &
                                        •Goal setting and Feedback
               Enjoying                 •Coaching skills
               14.Rewarding             •Appreciation and
               (Sharing)                Recognition
               15.Contributing          •Quality management
               (Sharing)                •Conflict resolution
What is missing in current modes of
training?

1. Only focuses on skill building
2. Absence of practical tools and techniques to drive
   change
3. Not clearly measurable in terms of improvement in
   workgroup results
4. No focus on managers actions around people
   practices
5. Inadequate follow up mechanisms to ensure
   change

23
The Giftwork for Managers
             Proposition



             INFORM

Employee Survey
Manager Scorecards


                          EQUIP




                                           EMPOWER

                                  Recognize the best managers

     24
The Giftwork for Managers
        Proposition
 Enable managers to assume responsibility for
  making change
 Develop managers’ skills to create trust-based,
  high-performing teams
 Increase the rate of successful implementation of
  programs, policies, and practices by teaching
  managers how to successfully present them to
  employees
 Reduce the risk of low morale and low productivity
  by giving managers the tools to lead, inspire and
  motivate
  25
Putting the roof – articulating and
institutionalizing your employer brand/
employee value proposition

Factors have a disproportionate impact on overall employee
sentiment in an organization.

1. Attracting talent for key positions - People want to
   associate themselves with outstanding talent.

2. Equity – Less visible hierarchy, More egalitarian spirit
   and More equitable power distribution

3. Creating a fun place to work – A young India and a
   young workforce want to enjoy their work life and their
   time at work.
India’s Best Companies 2011
To participate in India’s Best
 Companies to Work For – 2012 Study
Register at www.greatplacetowork.in
             Or, write to
     greatplace@greatplace.in

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Making a Great Place to Work- Hyderabad Conference- October, 2011

  • 1. A Great Place to Work® - What it means, what it takes and why is it important Great Place to Work® Institute, India
  • 2. GREAT PLACE TO WORK® MODEL & FRAMEWORK
  • 3. A great place to work is one where you Management Trust the people you work for... Trust is the Key Driver… Employee Job Other Employees ...have pride in what you ...and enjoy the people you do... work with Relationships are the key….. 3
  • 4. And that enables one to Management achieve organization’s objectives Employee Job Other Employees ... give their ... and work together as personal best a team/family in an environment of Trust…..
  • 5. Essential elements of a Great Place to Work Two way Communication T Credibility Manager’s Competence Integrity – Reliability of Management R Professional Support Collaboration U Respect Demonstrated Caring S Equity Impartiality T Fairness Justice For the Job Pride About my Team With the Organization Individuality is valued Welcoming Atmosphere Camaraderie Part of something larger
  • 6. Two employees may have different experiences in the same organization… “ Oh, he is ok if you get on the right side of him”
  • 8. Two parameters… Employee Response captures employee experience through an anonymous survey Organization Response captures people practices at the workplace
  • 9. The best workplaces have effective people practices that support positive employee perception High Good Cultural Foundation The Best Cultures Culture Audit© Score Transactional Culture Culture promotes trust Low Low High Trust Index © Score ( Employee Survey) 9
  • 10. Why be a Great Place to Work?
  • 11. “100 Best” vs. Stock Market 1998-2009 Cumulative Return 250% 224% 200% 150% 111% 100% 42% 47% 50% 0% "100 Best" "100 Best" S & P 500 Russell 3000 Reset Buy and Hold Annually SOURCE: Russell Investment Group, 2009
  • 12. “100 Best” vs. Stock Market 1998-2009 Cumulative Return Performance of "100 Best“ Cumulative return in percentage terms "100 Best" Russell 3000 S&P 500 SOURCE: Russell Investment Group, 2009. Data from Fortune “100 Best”
  • 13. Voluntary Turnover: India Top 50 vs Industry Average 17% Telecommunications 13% 21% Construction & Real Estate 14% 19% Professional Services 14% 13% Manufacturing & Production 6% 21% Financial Services & Insurance 18% 0% 5% 10% 15% 20% 25% Overall Industry 2011 India Top 50 2011 *Source – Best Companies to Work For – 2011 study
  • 14. Are Great Workplaces Great Companies? 11 out of 18 Companies featured in “Built to Last” by Jim Collins also feature in Great Place to Work® Institute’s 100 Best Companies to work for in America* 1.Nordstrom 2.Marriott International 3.American Express 4.Merck 5.Procter & Gamble 6. Hewlett-Packard 7.Johnson & Johnson 8.Wal-Mart Stores 9.3M 10.IBM 11.Motorola * Published by Fortune magazine in US
  • 15. THE JOURNEY… Roadmap to become a Great Place to Work
  • 16. Our Methodology Institutionalize- Building the Roof Employer Brand Building the Pillars Building People Manager Competencies Strengthening the Foundation Building Key Differentiators Laying the Foundation People Philosophy ©2010 Great Place to Work® Institute, India. All Rights Reserved
  • 17. Phase 1: Building the Foundation - Articulating a People Philosophy • A clear understanding of how their people are linked to their business. • If the leadership team does not have clarity in this area then this is the starting point.
  • 19.
  • 20. Phase 2 : Strengthening the foundation The “differentiators” in a great workplace: Equity Reliability Impartiality Caring
  • 21. Phase 3 – Building the Pillars – creating great people managers People Practices HR Processes 1.Hiring •Recruitment 2.Welcoming •Induction 3.Inspiring •Performance Management 4.Speaking •Employee Communication 5.Listening •Training 6.Collaborating •Rewards and Recognition Employee 7.Redressing •Talent Management Experience 8.Thanking 9.Developing 10.Balancing (Caring) Manager’s Competence 11.Supporting (Caring) 12.Including (Caring) •Employee engagement •Communication 13.Celebrating & •Goal setting and Feedback Enjoying •Coaching skills 14.Rewarding •Appreciation and (Sharing) Recognition 15.Contributing •Quality management (Sharing) •Conflict resolution
  • 22. What is missing in current modes of training? 1. Only focuses on skill building 2. Absence of practical tools and techniques to drive change 3. Not clearly measurable in terms of improvement in workgroup results 4. No focus on managers actions around people practices 5. Inadequate follow up mechanisms to ensure change 23
  • 23. The Giftwork for Managers Proposition INFORM Employee Survey Manager Scorecards EQUIP EMPOWER Recognize the best managers 24
  • 24. The Giftwork for Managers Proposition  Enable managers to assume responsibility for making change  Develop managers’ skills to create trust-based, high-performing teams  Increase the rate of successful implementation of programs, policies, and practices by teaching managers how to successfully present them to employees  Reduce the risk of low morale and low productivity by giving managers the tools to lead, inspire and motivate 25
  • 25. Putting the roof – articulating and institutionalizing your employer brand/ employee value proposition Factors have a disproportionate impact on overall employee sentiment in an organization. 1. Attracting talent for key positions - People want to associate themselves with outstanding talent. 2. Equity – Less visible hierarchy, More egalitarian spirit and More equitable power distribution 3. Creating a fun place to work – A young India and a young workforce want to enjoy their work life and their time at work.
  • 27. To participate in India’s Best Companies to Work For – 2012 Study Register at www.greatplacetowork.in Or, write to greatplace@greatplace.in