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EMPLOYEE RETENTION

    Understanding & Monitoring Employee Satisfaction/Commitment

    Introduction:
In today’s rapidly changing employment market, enlightened and progressive management more clearly recognizes the association between employee satisfaction and its impact on customer/end user satisfaction. A satisfied workforce is more productive, takes pride in its work, minimizes internal conflicts with enhanced teamwork, and has higher levels of loyalty/retention. The key to understanding employee satisfaction is complex, involving a number of factors that are dependent upon employee perceptions of:

    •    The effectiveness  and fairness of management.

    •    The quality of overall communications.

    •    Compensation and incentives.

    •    Work relationships with management and between employees.

    •    The degree employees support and understand corporate initiatives.

    •    The perceived quality and confidence in leadership.

    •    Other.

The monitoring system should be undertaken from the top down to cover the entire organization to be most effective.  All levels of employment relate/interface with others in some fashion and therefore need to be assessed to promote the optimum harmony and efficiency of operation.



    Methodology:

The CME approach to evaluating employee satisfaction consists of a number of components that establish a critical baseline to “bench” the linkages between satisfaction and commitment.  CME views the data base as dynamic with the initial efforts directed at establishing a baseline to be used to:


    •    Gauge the effectiveness of new employee programs/benefits.

    •    Establish the impacts of changes in corporate initiatives on the labor force.

    •    Identify primary strengths and weaknesses of current management practices.

    •    Provide an important data set for modeling and understanding the primary “drivers” that define the highly committed and most satisfied employees.

In the final analysis, the degree of employee commitment is the result of his/her perceived satisfaction.  In progressive organizations, the realization that employees may be the most important resource is the driving force to continuously stay abreast of the their needs and desires. The prevention of employee defection should be considered job #1.



    Critical Elements in Employee Satisfaction Monitoring

1)    A critical element in monitoring employee satisfaction is the degree that the agency responsible for collecting and analyzing the data is viewed as being objective and independent of current management controls.


2)    High participation rates by employees are essential and are likely to occur only when employees perceive that management is truly committed to listening to concerns and willing to act on those concerns that have been discovered.


3)    The assessment process must be a comprehensive assessment of the multi-dimensional  elements of the values that the corporation holds central to its’ mission.  For example, issues of job performance, customer focus, respect, integrity, diversity, teamwork, and quality of life are assessed in understanding the roots that build commitment and loyalty to the organization.


4)    Actionable information must be developed from the analysis and monitoring process to provide implementation strategies to correct weaknesses and to maintain strengths.  It is essential that this information be provided (communicated) at the level where direct implementation and improvement can take place.


The bottom line, employees must view the monitoring process as an objective “benefit” provided by the organization.  Participation in the assessment process along with implemented changes that are on “target” with employee needs is an integral part of the process of defection prevention.


    Key Content Areas Assessed in CME’s
    Approach to Employee Satisfaction Monitoring:
    In assessing employee satisfaction and commitment, CME collects data on employee perceptions in the following areas:

    •    Performance on key corporate values

    •    Compensation relative to internal and external comparisons

    •    Eligibility for incentives and perceptions of current incentives

    •    Performance of senior management

    •    Performance of local management

    •    Performance of the immediate supervisor

    •    Effectiveness of corporate communications

    •    Understanding and degree of support for business realignments/restructuring

    •    Loyalty with the corporation

    •    Employee commitment to the corporation

    •    Overall satisfaction

    Analysis and Presentation of Findings:

A key component of CME’s approach to employee retention is to provide supporting analysis that will give management a clear indication of where problems and concerns are centered. Profiling by specific department/ business area, job type, geographic location when applicable, and  by general demographic attributes (gender, age, race/ethnicity, tenure in position, tenure in the corporation, etc.) supports efforts to target the areas where  problems are most serious.  Multivariate analysis complements the profiling by providing insights into the key “drivers” that define the more committed from the less committed employees. Reporting formats for the research and analysis findings utilize simple yet informative PowerPoint slide presentations.


The evaluation process needs to be continuous from year to year to permit an assessment of progress that can be shared with the employee.