overcoming new (and old) hr challenges: webinar recap
Insights | February 19, 2016
Generational differences. Increasingly global companies. The rise of remote work. Ever-shifting roles throughout organizations. Entrepreneurship and new industries. The employee-led economy.
The business world today is changing at an unprecedented pace. As we enter 2016, the global workforce is increasingly diverse, bringing new challenges and opportunities for leaders and HR professionals. HR leaders are tasked with attracting and retaining top talent for their organizations, and inspiring employees to innovate and make a difference. In the face of the current workplace trends, HR leaders report that their number one challenge is dealing with change, particularly in the areas of leadership and culture. Many are left asking, “How can we successfully navigate the changing workplace to build a culture that empowers all employees to produce great work?”
Our February webinar, led by O.C. Tanner’s resident global researcher and analyst Christina Chau, delivers insights on workplace culture and HR trends to help answer that question. Chau describes the patterns of change organizations are undergoing, and shares the one research-backed action you can take to empower employees around the globe to produce great work. Global research surveying employees in diverse organizations, throughout industries, generations, and continents, shows that the secret to empowering employees is meaningful appreciation. The best way to manage the chaos and change in today’s HR world is simple: appreciation is the key to increasing feelings of wellbeing and trust, and empowering great work.
Chau shares that as an overarching strategy, meaningful appreciation can overcome almost any workplace issue. Across continents and generations, heartfelt recognition for a job well done helps employees feel inspired and engaged. She emphasizes that in order to appreciate great work effectively, it is important to pay attention to the nuances of what individuals prefer in their recognition experiences. For example, although all employees report the importance of recognition, different generations prefer different recognition experiences. While Millennials enjoy group presentations and party-like occasions held outside of the office, older generations are more inclined to enjoy a one-on-one lunch or conversation with leadership. Regardless of the generation, though, well-done appreciation has a positive impact on tenure, engagement, and innovation.
In a recent employee survey, respondents reported that the most important attribute in a new employer or a new job is that the manager or employer shows appreciation for the employee’s work. And O.C. Tanner research shows that employees who feel appreciated are strongly engaged at a rate of 2:1 for those who don’t feel appreciated. Plus, employees who feel appreciated are 33% more likely to innovate, and generate twice as many ideas. Appreciation also positively affects employee-manager relationships, and satisfaction at work. It’s the secret to an empowered, innovative, happy workforce, especially in these times of chaos and change.
Learn more about the power of appreciation and how to do it right by listening to the full webinar recording here.