It turns out that BP, the giant energy company, has been investing significantly more than just billions of dollars in the United States. It has been doling out to help ease the financial and ecological pain suffered by Gulf states after the giant oil spill in 2010.
BP is also investing $20 million into American communities in another way, with a unique twist. The company is leveraging the specific donations with an employee-engagement program, The Fabric of America Fund.
The Fabric of America Fund was launched in 2007, and each full-time, U.S.-based employee can donate up to $300 a year to a charity of their choice -- without having to match any portion of the donation out of their own pocketbook. This seems like a good way to harness the tremendous power of employee engagement in a way that benefits BP and the communities it serves -- and gives the company's staffers a no-strings-attached reason to appreciate their employer.
"Employee engagement is a cornerstone of BP's efforts to make a positive difference in the communities in which we work and live," said Crystal Ashby, executive vice president of government and public affairs for BP in the United States, in a press release. "Providing our employees with the means to connect directly to organizations of their choosing makes BP's Fabric of America Fund unique."
Whether or not a company does something like this is beside the point. BP's method effectively engages employees in decisions that benefit the not-for-profits organizations that they personally favor. This year alone, the fund has made contributions to organizations in more than 3,000 cities and towns totalling around $1.8 million.
BP says it has invested more in the U.S. over the last five years than any other oil and gas company. And it hasn't been just to clean up an unfortunate oil spill.
Thursday, October 18, 2012
Talk Politics? Maybe Not. Football? You Bet!
Politics may be in the air,
but that doesn’t mean it needs to be in the lunch room. Better to talk about
football.
It’s natural for employees to want to talk politics as campaign season heats up and Election Day is less than three weeks away. And good company cultures don’t have a problem with that. In fact, “It’s not good management practice” for employers to monitor everything people discuss at the water cooler, Bryan Cave, an employment lawyer in Washington, D.C., noted in an article in the Wall Street Journal.
Employers may be better off encouraging office participation in a different contact sport: football.
Not the contact part, exactly. But a new column on BusinessInsider.com suggests that managers can use football fandom as a way to create a more engaged work environment.True. A recent study by Challenger, Gray & Christmas, the outplacement firm, estimated that employers lose $6.5 billion a year due to “employees’ procrastination and managing their fantasy football rosters.”
But Halley Bock, a leadership-development consultant, suggests that “instead, football can be an opportunity to build a more personal, engaging workplace.”
How?
She suggests that managers encourage discussion of the games, even debates about upcoming contests – and perhaps launch an internal fantasy football league. These and other football-centered activities, she maintains, can enable managers and executives to show personality and encourage fun. Besides organizing internal fantasy leagues, she suggest hosting off-site events that might be centered around football or other sports, and to talk about sports and other personal interests and activities.
It’s natural for employees to want to talk politics as campaign season heats up and Election Day is less than three weeks away. And good company cultures don’t have a problem with that. In fact, “It’s not good management practice” for employers to monitor everything people discuss at the water cooler, Bryan Cave, an employment lawyer in Washington, D.C., noted in an article in the Wall Street Journal.
Employers may be better off encouraging office participation in a different contact sport: football.
Not the contact part, exactly. But a new column on BusinessInsider.com suggests that managers can use football fandom as a way to create a more engaged work environment.True. A recent study by Challenger, Gray & Christmas, the outplacement firm, estimated that employers lose $6.5 billion a year due to “employees’ procrastination and managing their fantasy football rosters.”
But Halley Bock, a leadership-development consultant, suggests that “instead, football can be an opportunity to build a more personal, engaging workplace.”
How?
She suggests that managers encourage discussion of the games, even debates about upcoming contests – and perhaps launch an internal fantasy football league. These and other football-centered activities, she maintains, can enable managers and executives to show personality and encourage fun. Besides organizing internal fantasy leagues, she suggest hosting off-site events that might be centered around football or other sports, and to talk about sports and other personal interests and activities.
Wednesday, August 8, 2012
Inward Strategic Consulting's Rick DeMarco talks about what employees really want!
Money: It’s Not All Employees Want
When employers act as though the 1959 song “Money (That’s What I Want)” represents employees’ top priorities in the workplace, they miss some of the most important drivers of satisfaction and engagement.
“It
is well known that money is a short-term motivator,” Jayne Mattson,
senior vice president, Keystone Associates, told SHRM Online.
Ultimately, employees look for an organization and position where
their values are met, core skills are utilized and work tasks align with
interests, she said.
Pay
does help attract and even retain employees, according to Towers Watson, a
global professional services company, but “sustainable engagement” requires
much more than money. According to Towers Watson, sustainable engagement is a
combination of:
The
Towers Watson 2012 Global Workforce Study, released July 11, 2012, and
reflecting the views of more than 32,000 employees around the world, found
that although pay was the No. 1 way to attract and retain employees, the top
five factors affecting sustainable engagement are:
“In
every study that has ever been conducted, money is always fourth or fifth on
the list of factors that drive employee loyalty and satisfaction,” Rick
DeMarco, managing director of the West Coast Office of Inward Strategic
Consulting told SHRM Online. “That’s not to say that a fair wage for
the job is not important ... Employees expect to be fairly compensated …
but that’s an expectation and not a driver of their long-term loyalty and
commitment.”
Making
Engagement Sustainable
“Sustainable
engagement is an important evolution in the science of workforce behavior,”
said Laura Sejen, global practice leader, rewards for Towers Watson, in a
statement. “It recognizes that employees need support from their employer to
continue to give discretionary effort on the job.”
Unfortunately,
employees are not getting the level of support they need, she noted.
“Enablement
and energy are critical factors in this equation,” added Julie Gebauer,
managing director, talent and rewards, Towers Watson, in the same statement.
“Engagement will only hold over time with these elements in place.”
Towers
Watson found that just 37 percent of U.S. workers are sustainably
engaged—meaning they scored high on engagement, enablement and energy. About
a quarter (27 percent) are classified as “unsupported,” meaning they display
characteristics of traditional engagement, but lack the enablement and/or
energy required to sustain it. Thirteen percent are described as “detached,”
meaning they feel enabled and/or energized but are not willing to expend
discretionary effort for their employer. And almost one-quarter (23 percent)
are completely disengaged, with less favorable scores in all three areas.
Understanding
Engagement Gaps
Towers
Watson found that the most significant factors for the 27 percent of the
workforce defined as “unsupported” are supervisor support, stress levels and
their workloads. More specifically:
By
comparison, those deemed “highly engaged” by Towers Watson responded
favorably to those questions by a margin of a least 30 percentage points
higher than unsupported workers.
As
for the 13 percent deemed “detached,” company leadership is the focal point:
“Everyone
in an organization has a role to play in helping close gaps in employees’
feelings of enablement and energy—from executives, to supervisors, to human
resources, to employees themselves,” Gebauer added in the statement.
The
survey targeted employees working in large and midsize organizations across a
range of industries in 29 markets around the world. It was fielded online
during February and March 2012. The U.S. sample included 3,600 employees.
Money
Matters Less Than Other Factors
Other
studies and experts agree that money matters, but not as much as other
aspects of the job and work environment.
In
March 2012, PsychTests.com, an online
personality, career and IQ assessment company, released research on the top
motivators for employees. The data collected between August 2011 and February
2012 revealed that out of a list of 23 work motivators, “financial reward”
was ranked 12th.
For
men, financial reward was eighth on the list; for women, 15th.
Seventy
percent of the 1,194 employees surveyed were from North America. Sixty-four
percent of respondents were under the age of 30.
The
top five motivators reported were:
“When
managers think of motivation and incentives, many of them automatically
assume it has to be a bonus or some other financial reward,” said Ilona
Jerabek, Ph.D., president of PsychTests, in a statement. “This is clearly not
what employees need … at least, not money alone,” she added.
That’s
true even among those working in professions focused on financial rewards
according to the nearly 2,800 financial advisors surveyed by J.D. Power and
Associates for the 2012 U.S. Financial Advisor Satisfaction Study released in
March 2012. Organizations that provide the right mix of technology and
support to financial advisors, thus optimizing the time they spend with
clients, generate more employee satisfaction than those focused on financial
gain for employees.
Companies
that struggle to deliver the support employees need to be effective pay the
highest retention and signing bonuses to compensate for a poorer work
experience, according to David Lo, director of investment services at J.D.
Power and Associates.
What
Employees Want
DeMarco
said employees want to:
“All
of these drivers require a concerted effort by a company to educate, inform and inspire employees around a common vision and
culture, to provide them the tools and resources to deliver effectively
on the brand promise and business strategy and to reward and recognize them,”
he added.
“When
employees’ values are met, using the skills they excel in the most and doing
work they find interesting, they are career-satisfied and fully engaged,”
Mattson said. “Money is an added bonus … However, it is not the driving
factor for engagement.”
Rebecca
R. Hastings, SPHR, is an online editor/manager for SHRM.
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