According to a Gallup study, organizations that have a strategic plan for employee development saw an 11% increase in profitability and were twice as likely to retain employees. “One of the most important factors in creating a high-performance workplace is instilling a high-development culture,” the study said.
Across industries, companies are always aiming to increase fulfillment and sparking new initiatives to develop an effective work culture. During a panel at From Day One’s Silicon Valley conference, leaders discussed how their companies are driving engagement, what challenges their organizations face and how employers can create more trust.
Driving Engagement
Oracle is committed to a culture around a growth mindset and “building that throughout the vein of the organization,” said Sid Deka, vice president of human resources. The company encourages continuous learning and provides employees with a safe space to experiment and drive innovation.
Deka adds that by offering learning opportunities for employees of all levels to grow increases the feeling of trust that is developed within the company. It’s important for people to have authentic conversations with managers to plan out ways to improve and explore options for more opportunities, he says.
Velocity Global’s Chief HR Officer Carol MacKinlay ties fulfillment in her organization back to empathy. She points out that it's important to remember that the team is human and leaders must be mindful about ensuring their employees are having the best experience while they’re at work.
As companies implement new initiatives, transparency at all levels is necessary, says Sid Nayar, vice president of HR strategy, operations, analytics and talent at Freshworks. He also called for the necessity to have business leaders to own company shifts and transformations so “the onus is also on them to cascade it down.”
MacKinlay says the company is also investing in the growth and development of employees while they are with them. “There may be people here who have career paths that are outside the company, and that's okay. So we're going to develop you. We’re going to grow you. We’re going to tell you what you’re doing well, we’re going to get you to the next place,” she said.
Velocity calls these employees “boomerang employees.” Although they may leave the company, there is an incentive plan to bring them back.
Challenges in Management
Freshworks is the first India-based SaaS company that was started from a small city in India and has grown to be successful. Nayar says that because of the company’s background, many of its first employees came from humble beginnings but since the company completed its initial public offering the leadership has shifted. Now, all senior executives are in the United States.
“Our biggest challenge is defining who we are now.” Nayar said. “It was a company that about 10 years ago, was the people who had a chip on their shoulder. They were not tier one at your school. They came from humble backgrounds, built this company and made this a global brand.”
Freshworks is currently working on how to develop the sense of belonging and identity for those workers as the company has gone globally successful.
Kelly McMahon, vice president of organizational effectiveness at Equinix, says accountability, in a sense of pushing for strategic thinking, is a struggle that the company is currently trying to manage. She believes that when employees become accustomed to merely completing day to day assigned tasks, it impedes the company’s pace of work.
“I think what we’re trying to sort of engender is a little bit more of a risk tolerance around experimentation,” said McMahon. “Let's put out a perspective and see what the response is, versus trying to build consensus.”
Larger companies such as Oracle are seeing challenges with managing and strategizing engagement for multigenerational, multicultural and multiregional employees. Deka says the work environment is three dimensional and pushes the company to think of how to best engage with a diverse group of people in various ways.
“Simplicity is the ultimate form of sophistication,” said MacKinlay, a quote she once heard from Velocity’s CEO. She’s referring to the company’s pursuit to simplify communication between leadership and employees. MacKinlay says 90% of her job is spent on communication issues and addressing challenges around communication is best done through providing clear and concise ideas.
Building Trust
Companies are seeing that investing in building leadership skills in frontline managers is important to ensuring that down the hierarchy, employees are feeling engaged and trust is being built.
Velocity is currently holding roundtables with all employees in small groups to obtain actual feedback on the programs they are implementing. The employee success team is holding 20 sessions around the world with different groups in various languages. “What it does is build trust and it builds a bond to be able to have the faces of the people who can actually affect change for the employees,” said MacKinley.
From these meetings, the company is learning about whether their offered benefits match employee needs and if there are any “glaring things that the company has missed,” she said.
Velocity is also kicking off an initiative that encourages employees to give anonymous constructive criticism. The idea behind this is to give people a chance to have an outlet to report issues in the workplace and push for others around them to improve.
McMahon emphasized the need to invest in employee experiences the same way that companies do for customers.
“Organizations who do this really well, map the employee life cycle, prospect to alumni, and then within that say, what are the moments that matter and how are we going to invest in repeatable, scalable, predictable experiences for employees that you know are going to meet their needs,” said McMahon.
Jennifer Yoshikoshi is a local news and education reporter based in the San Francisco Bay Area.
(Photos by David Coe for From Day One)
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