People & Purpose
Purpose-driven Companies Provided Returns Of 1,646% between 1996 and 2011. This is staggering growth when compared to 157% for the S&P 500 and 178% for the firms featured in Jim Collins’, Good to Great.
Companies united by purpose have a 4x higher revenue growth.
Southwest Airlines rallies its 53,000+ employees around a common purpose resulting in 44 years of consecutive profitability.
71% of millennials would likely choose a job with a company with a commitment to the community if all other factors were the same.
84% believe their transformation efforts will be more successful if integrated with purpose.
Purposeful work isn’t just good for the planet it’s good business “saving the planet from ecological disaster is a $12T opportunity” hbr
Companies united by purpose see 400% higher annual revenue growth than the entire S&P 500 Consumer sector
Apple, the ultimate purpose-driven phenomenon, replaced at&t in 2015 after 120 years on the dow jones – with $42.4b in quarterly income.
87% believe companies perform best over time if their purpose goes beyond profit because corporate purpose goes beyond financial results
6 out of 10 people will pay more for reputable brands.
89% say they encourage greater employee satisfaction,
85% better customer advocacy
81% higher quality products and services.
Only 37% say their business model and operations are well aligned with their purpose.
If your company wasn’t here tomorrow, would anyone care?
Leaders & Purpose
Less than 1 in 5 leaders have a strong sense of their own Individual purpose
66% of consumers say that their perceptions of CEOs affects their opinion of a company’s reputation.
77% of CEOs believe embedding social responsibility into the business and organizational structure is the most important action to take to prepare for 2020.
84% of executives believe culture is critical to business success
64% say culture is more important than corporate strategy or the operating model
50% say culture is not effectively managed or not on the leadership agenda.
Organizational Behavior Can Inhibit or encourage Performance
Workforce & Purpose
75% of employees quit their jobs because of their bosses
Increase employee engagement by 33% and business results by 130%
Yet, only 4% of organizations view revenue per employee as a KPI, according to a Korn Ferry study on human capital investment
67% of leaders believe technology is the greatest value generator, in reality, it’s human capital
77% of CEOs see the shortage of soft skills as a business threat
For every $1 invested in human capital, $11.39 is added to gDP
Growth & Engagement
70% of us workers are not engaged.
75% of leaders do not have an engagement strategy
Firms with motivated employees post up to 4.5X more revenue growth and yield 2X higher annual net profits, than those with a disengaged workforce
Nearly a quarter of all work hours are wasted due to employee disengagement.
42% of our waking day is lost to distractions.
This translates to 30 hours a week lost per employer
67 days of lost productivity per worker and over
$1t in damages to the US economy every year.
2/3rds of today's employees feel "overwhelmed"
65% of businesses rate this as an important or urgent challenge, yet fewer than 10% of organizations know what to do about it
This problem impacts workers and organizations: global employee turnover rates will increase to over 23% this year, with median costs to replace the average worker 150-200% of annual salary.
Only 40% of the workforce knows their company’s strategy, tactics, and goals
75% employees report wasting time to keep up with the constant dings, pings, chats and more
The average American office worker is interrupted or switches tasks every 3 minutes
it takes, on average, 23 minutes to get back on track after a minute interruption.
Neurologist Larry Rosen states that the average office worker can only focus for 7 minutes at a time before they either switch windows or check Facebook.
According to studies by adobe campaign, the average worker spends 6 hours a day on checking email alone.
99%of C-suite executives rank workforce alignment and engagement as a critical business goal
One way to boost our willpower and focus is to manage our distractions instead of letting them manage us (Daniel Goldman)
Mindfulness & Gridlock
you have 23,375 days to life your life.
are you making a difference every day?
on average 80% of our daily thoughts are negative.
Learn faster, remember more. A daily mindfulness practice increases the hippocampus: the brain’s memory and learning center, reduce fear, anxiety and stress, better regulates the amygdala: the brain’s fight, flight and freeze response center
When your mind is telling you you’re done, you’re only 40% done
David Goggins, ex-Navy Seal
a good night’s sleep increases our ability to reach creative solutions by 250%
people who write down their goals are 39.5% more likely to succeed.
people who write down their goals and share their progress with an Accountability partner are 76.7% more likely to achieve.
multi-tasking fries your brain:
It reduces productivity by up to 40%
and can cause 3x errors.
Conflict & Work
60-80% of all difficulties in the workplace stem from strained relationships between employees
not from deficits in individual employee’s skill or motivation.
43% of all employees don’t think their bosses deal with conflict as well as they should
36% of communication is tone of voice, 55% is body language and the remainder is the actual content.
conflict management drives win/win results. 76% of employees identified a good results when conflict was well managed.
25-40% of a manager’s time is spent dealing with workplace conflicts that’s +50 days per manager not focused on innovation, customers, sales and profit
67% of employees avoid colleagues due to bad feelings from conflict, creating significant losses in collaboration and productivity.
Why say something you already know when you can listen and learn something new?
Civility & Performance
A poll about employees getting respect from their leaders (with 800 managers and employees in 17 industries) reported:
56% better health and well-being.
1.72 x more trust and safety.
89% greater enjoyment + satisfaction with their jobs.
92% greater focus and prioritization.
1.26x more meaning and significance.
1.1x more likely to stay with the organization.
50% of employees deliberately decrease effort/quality of work due to incivility
People are less likely to buy from a company with an employee they perceive as rude.
Witnessing 1 short negative interaction erodes customer opinion.
Managers at fortune 1000 firms spend the equivalent of 7 weeks a year dealing with the aftermath of incivility.
Age & Talent
62% of millennials feel that current organizations are not making the best use of their skills.
30.7 million admit education did not prepare them for life after school.
Millennials not aligned with their employers culture and values: more than 30% believe they’ll be working someplace else inside of 12 months.
more than 50% say they have different values than their employer.
more than 60% don't feel their career goals are not aligned with the plans their employers have for them.
more than 70% don't feel appreciated or valued by their employer.
Millennials make up the largest segment of the workforce, only 27% of men and 21% of women between the ages of 18-35 would describe their leadership skills as strong.
Millennials desire feedback in the workplace 50% more than all other workers but feel they don’t receive constructive direction.
more than 40% don't respect the person they report to.
Organizational Behavior Can Inhibit or encourage Performance
Thrivers (WIP)
A 50 year old is 1.8x more likely to start a top company than a 30 year old
Soon 50% of the US population will be 50 or older, that’s 74M people Controlling 70% of the nation’s disposable income, who stand to inherit $15T in the next 20 years
Less than 40% of Thrivers who consider themselves “regular customers” feel appreciated by those brands.
Only 12% expect brands will spend the time to get to know them and understand what they want
77% feel they are not rewarded with offers that are specifically tailored to them