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WHY PEOPLE MATTER IN YOUR BUSINESS

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In business, people are your most valuable assets. Finding the right people with the right skills that are engaged and productive is key to growing a successful business.

The most recent statistics about the US workforce are telling…

  • Increasing employee engagement investments by 10% can increase profits by $2,400 per employee per year. (Source: Workplace Research Foundation)
  • Companies with engaged employees outperform those without by 202% (Source: Business 2 Community)
  • Companies that increase their number of talented managers and double the rate of engaged employees achieve, on average, 147% higher earnings per share than their competition (Source: Gallup)
  • Disengaged workers have 37% higher absenteeism, 49% more accidents, and 60% more errors and defects (Source: Queens School of Business and by Gallup)

Poor management and disengaged employees in the workplace are creating a $450 billion to $550 billion annual deficit for U.S. companies.  The cost of disengagement has been estimated to be so pervasive that it costs an organization, on the average $5,000 per employee, conservatively.

What does disengagement look like?

Disengaged People:

  • Are “Checked out” – thinking about their next break or lunch
  • Show up to kill time until the next pay check
  • Have little concern for other people’s needs including customers
  • Return less than 60% of their pay in value

What does being engaged at work look like?

Engaged People:

  • Are fully involved in, and enthusiastic about their work
  • Committed to their organization’s goals and values
  • Motivated to contribute to the success of the organization
  • Dedicated to their own personal development
  • Return 100% – 120% in their pay in value

What can be done?

Gallup suggest THREE WAYS TO ACCELERATE EMPLOYEE ENGAGEMENT

  1. Select the Right People
  2. Develop Employees’ Strengths
  3. Enhance Employees’ Wellbeing

 What one step can you or your company do to accelerate engagement in the workplace?

Invest in the development of your team members.

“Knowing how you matter on the job, in your business, or as an organization is key to being able to take purposeful action. Having the tools needed to effectively interact in various situations impacts the people you work with and the people you serve. Invest in your most valuable resource – people.”  Deb Sauder, CEO of InterACT4Impact, Inc. – www.interact4impact.com

Learn about creating Healthy Workplaces with Dynamic Teams  from workforce experts:

The Small Business Advisory Board is excited to offer an interactive workshop to provide owners, managers, and executive directors of small/midsize businesses and organizations, simple strategies to create a workplace everyone wants to show up for.

Presented By Our SBAB Business Experts:

Jessica Hamilton, HR Consultant, Jodi Milbradt, Employer Solutions, Deb Sauder, Workplace Strategist and Zaylore Stout, Employment Attorney

Wednesday, April 11, 2018, 9:00 am to 11:00 am

 

Seating is Limited!  Register Today!  

 

 

Emotional Intelligence – A Game Changer for Small & Midsize Businesses

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Emotional intelligence (EQ) is the ability to identify, use, understand, and manage your own emotions in positive ways to relieve stress, communicate effectively, empathize with others, overcome challenges and defuse conflict.  “When the concept of emotional intelligence was introduced to the masses, it served as the missing link in a peculiar finding: people with average IQs outperform those with the highest IQs 70 percent of the time. This anomaly threw a massive wrench into what many people had always assumed was the sole source of success–IQ. Decades of research now point to emotional intelligence as the critical factor that sets star performers apart from the rest of the pack.” Travis Bradberry

What is Emotional Intelligence a measure of?

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How Are You Leading in Your Business?

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4 Questions to Ask Yourself to Become a Better Leader

by Deb Sauder, CEO, Leadership Strategist, Interact4Impact

One of my favorite definitions of leadership comes from Kevin Cashman’s book Leadership from the Inside Out. He says, “Leadership is authentic influence that creates value.” True authenticity starts with a thorough understanding of our own strengths and weaknesses. No two people are alike and the challenges we face will vary greatly, but here are four questions that will help you reflect on the areas many leaders and entrepreneurs struggle with.

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