White Paper

How Much Does Employee Engagement Correlate With Profitability

 

“Perhaps the greatest challenge for Chief Human Resources Officers, or CHROs going forward, is to convince their executive teams…and especially their CEOs…that employee engagement scores really matter. Matter in a way that the front-line supervisor is the major driver of these scores and those managers who cannot increase their scores over time are likely in the wrong
chair.

Data has been presented in previous white papers regarding this individual leader power. This power trumps any activity that HR can do including pay, benefits, or my favorite punching bag example which is employee appreciation week. It is profoundly clear that the primary reason employees engage or disgengage…and stay or leave…is their relationships with their direct supervisors.

Many executives, though, have difficulty seeing both this conclusion and also the immense power of employee engagement. This paper has been developed to summarize major studies that correlate engagement to various metrics of profitability.”

Download this white paper, written by Richard Finnegan of C-Suite Analytics, to continue reading about employee engagement. He includes details on a Gallup study, and a Great Place to Work Institute report. Mr. Finnegan is a featured speaker for SHRM, ICMI, and other organizations. He has been cited by BusinessWeek, Chief Executive Magazine, and Consulting Magazine as the leading thinker on employee retention.

Agenda

Faculty

Richard P. Finnegan

Richard P. Finnegan

C-Suite Analytics

  • CEO of C-Suite Analytics, which helps organizations improve engagement and retention, including one solution that guarantees turnover will decrease 20% in the first year or funds are returned
  • Experience includes solving turnover and engagement in Siberian banks, African gold mines, multinational corporations in China, and for the CIA
  • Wrote, The Power of Stay Interviews for Engagement and Retention, which is the top-selling SHRM-published book in history; also wrote, Rethinking Retention in Good Times and Bad, which was excerpted by BusinessWeek which said “Finnegan offers fresh thinking for solving the turnover problem in any economy”
  • His new books in the first quarter of 2015 include The Stay Interview: A Manager’s Guide to Keeping the Best and Brightest, to be published in over 20 languages, and HR’s Greatest Challenge: Driving the C-Suite to Improve Employee Engagement and Retention
  • Humorous and insightful speaker for conference and corporate events
  • Lives in Orlando, Florida, where The Orlando Sentinel newspaper published an editorial recognizing him for his extensive donations of professional services to nonprofit organizations
  • Bachelor's and graduate degrees, The Pennsylvania State University

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