I had the pleasure of being able to interview author Richard Barrett about his book entitled ” The Values Driven Organization“. According to Richard values driven organizations are the most successful organizations on the planet. So what are values-“they are the ideals and customs of a society toward which the people have an effective regard”.
So why should you care about making your company driven by its values. The reason is that values driven organizations have employee engagement levels that are significantly higher, and this equates to an earning of 3.9 times the earning per share compared with organization where employees have low engagement. Gallup recently conducted a survey about employee engagement and found that 29% of US employees were actively engaged, 55% were not engaged and 16% were actively disengaged. The cost to organization of this level of disengagement is about $17, 500 per employee.
So if you want do you have to do to improve the engagement of your employees : 1) make your baseline rewards sufficient and fair. 2) have a congenial working atmosphere 3) give your employees autonomy and freedom 4) give them opportunities to pursue mastery, learn and excel in their field of expertise. 5) allow them to work with purpose.
If you are interested in learning more about creating the best conditions in your organization to improve the performance and profitability of your company please listen to my interview with Richard Barrett one of the foremost experts on organizational and cultural transformation.
To learn more about Richard Barrett his company Values Centre please click here to be directed to his website.