Professional Documents
Culture Documents
The ‘new normal.’ There is no unified definition, but many C-suite executives
agree that scaling and profitable growth is the key to sustainability. The Loyalty..................................................Page 3
ongoing conflict in Europe, price increases in energy and food, and materials
shortages are all contributing to a slowdown in the world’s economic growth. Retention...........................................Page 4
Worse, the Organization for Economic Co-operation and Development
(OECD) expects the GDP to be scaled-back to 2.2% in 2023, compared with Listening............................................Page 5
the previous forecast of 2.8%.
Performance..................................Page 6
According to the McKinsey Economic Conditions Outlook (September 2022),
executives in North America cite inflation as the top threat to economic Return to Office.......................... Page 7
stability in the next 12 months. However, where those rising costs are expected
to originate from vary greatly by region. In the U.S. the top three areas of Anxiety.................................................Page 8
concern are wages (37%), materials (17%) and energy (16%).
Flexibility...........................................Page 9
Finding and retaining the right talent has driven wages and onboarding costs
up. But the good news is that rising salary and turnover expenditures can Resilience........................................Page 10
be mitigated through employee engagement. Yes, you heard that right. But
don’t take my word for it: Gallup data shows that organizations who improve Technology....................................Page 11
their employee experience see positive business results: a 14% increase
productivity, a 23% increase in profitability and a 43% reduction in turnover.
When the cost of replacing employees can range from one-half to two times
their annual salary, those figures can be in the millions.
In these uncertain times, your HR team needs creative ways to reduce turnover,
so that your organization, and your employees, can thrive. Dive into the
insights in the pages that follow — each of which have an executive summary
of “Quick Takes” at the top for skimming — to find creative ways to reduce
turnover and improve the employee experience. You can also talk with a
specialist by clicking the button below and choosing the meeting time that
works for you.
Yours in profitability,
Tatiana Frierson
CEO
Inspirus | Sodexo Benefits and Rewards Services, USA
Talk to a Specialist
Organizations can create an inclusive environment that attracts Develop a culture of appreciation
and retains top talent by continuously engaging employees — Taking the time to develop a culture that recognizes employees
especially top performers — and acknowledging their work for their efforts (and behaviors) is a way for an organization to
efforts. show their commitment to creating a space where employees can
thrive. In turn, employees will be less likely to leave for another
When the C-suite makes recognition and engagement a priority in organization if they know they will be adding value when they do
the organization, employee absenteeism is reduced by 81% and a good job. The proof: organizations that implement recognition
turnover decreases up to 43%. programs have 31% less employee turnover.
Here are four ways recognition impacts retention rates, to play Create consistency in recognition
a pivotal role in your organization. To ensure that employee recognition maintains momentum and
positively impacts your workforce, structure and consistency are
Leadership buy-in key. By developing a standardized, enterprise-wide structure to
In order for recognition to gain authority within an organization implement recognition, all managers and employees will have
among employees, it’s essential that leadership believe in the the same opportunity to recognize one another for the value and
process and its benefits to the company. When executives are efforts they bring to the organization.
committed to making recognition and appreciation a priority, it
sets a standard that others will follow and continue throughout Making sure employees feel recognized and appreciated for
their daily interactions. In order for recognition to develop into their work creates a workplace where high performers remain
a cultural value, this process can’t be treated like just another engaged, productive and will be more likely to recommend the
initiative that may eventually lose steam. It needs to be seen, company to other talent.
Performance outcomes linked to employee engagement Using real data to drive decisions
• Higher retention - A Gallup survey found that organizations One of the keys to putting your company data to work is having
that make employee recognition a priority have workers who a reliable, accurate way to measure employee engagement.
are 56% less likely to be looking for a new job. Collecting and using real data to make infomed decisions and
• Increased productivity and profitability - Gallup reports assess ROI allows the numbers to do the talking. Hubspot outlines
that organizations with the highest levels of employee how HR leaders can measure engagement in both quantitative
engagement are 17% more productive and 21% more and qualitative ways. This will provide the best possible mix of
profitable than those with a disengaged workforce. data on which to base your important strategies around the
• Improved workplace safety - Organizations with the highest employee experience, productivity, and organizational health.
employee engagement report 70% fewer employee safety
incidents than those with the lowest engagement. Typically, HR is closest to employee engagement levels, with
individual business units generally feeling the impacts (positive
Ignoring or underestimating the importance of employee and negative). This means it is crucial for the C-suite to prioritize
engagement could mean your organization misses out on these employee engagement as part of the organization’s broader
gains. This will make it more difficult to compete in your industry, strategies around business health, sustainability, and competitive
both in terms of talent acquisition and profitability. advantage. Businesses perform better when employee rewards
and recognition are an integral part of organizational culture —
and that’s only possible with support from executive leadership.
Seek employee feedback Get more best practices in our latest eBook.
Now is a great time to conduct a survey to gain insight into how
But as organizations look at operationalizing employee Experience - A modern engagement platform, like Inspirus
engagement, they’re running into some inevitable barriers. Connects, is easily adopted and provides a positive overall user
Programs specifically designed to engage employees — like experience that keeps employees engaged and coming back. By
safety, recognition or wellness — are spread across disparate keeping employees engaged, organizations see higher performance
technology solutions and departmental responsibilities. levels and retention rates, which add to the bottom line. .
Understanding the current state of engagement is challenging
enough, but designing employee engagement strategies that work Performance - Get the most out of your platform, and employees,
together toward a common goal have been challenging, to say using a unified technology that provides a holistic view of your
the least. engagement programs. Companies can use employee surveys, like
those integrated within Connects, to gather data that can improve the
Individually, recognition, enterprise communication, well-being, performance of programs in place and and the people who use them.
community involvement, and surveys and analytics are all
important. But they can be even more powerful when they work Flexibility - While a single platform unites programs, there should
together. still be opportunities to tailor programs to the unique needs of the
organization. Having specific goals and strategies are the key to
Opportunities when consolidating making each program work for everyone in the organization —
engagement technology and you need a system that takes that into consideration.
Until just a few years ago, organizations didn’t have a choice:
they had to manage these different technologies separately. Even Insights - Finally, analytics can truly measure the full picture of each
if the goal was to break down silos, create alignment and have program. Get insights about recognition, culture, well-being and more
employee engagement strategies operate in a seamless platform, — all in one place, without having to log into multiple systems
it simply wasn’t possible. or pull out a spreadsheet.
Today, that’s changed. The ability to have engagement solutions When employee engagement comes together under a single
under a single platform is here. But what is the benefit of unifying technology umbrella, it creates a better experience for employees
engagement solutions under one platform? Where do we start?! and a whole host of benefits for organizations looking to get the most
out of their engagement programs. All it takes is the right technology
partner to make it a reality.
As a vital part of the multinational Sodexo Group, our efforts are strengthened by Sodexo’s global reach, and something more: a guiding
principle for positive change — improving quality of life for everyone. Inspirus aims to bring joy to work, one experience at a time.
About Sodexo
Founded in Marseille in 1966 by Pierre Bellon, Sodexo is the global leader in services that improve Quality of Life, an essential factor
in individual and organizational performance. Operating in 55 countries, Sodexo serves 100 million consumers each day through its
integrated offering of On-site Services, Benefits and Rewards Services and Personal and Home Services, developed using 50+ years’
experience. Sodexo’s success and performance are founded on its independence, its sustainable business model and its ability to
continuously develop and engage its 412,000 employees throughout the world.
Inspirus.com
100 N. Rupert Street, Fort Worth, TX 76107
P 817.332.6765 T 800.552.9273
Inspirus ©2022 The information and concepts contained in this document are the proprietary property of Inspirus.
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