SlideShare una empresa de Scribd logo
1 de 15
Descargar para leer sin conexión
Innovation Strategies from New Tech Companies
Steven Huang
Median Growth: 15-40%
Median Funding: 77m
What’s a “New
Tech” Company?
Learning Objectives:
1) Differences in
Engagement Scores
2) Why it Matters
3) Innovative Strategies to
Consider
Median Age: 8 Years
Median Size: 300 employees
2016 New Tech Benchmark
150+ Companies; 100,000+ Respondents
50
60
70
80
Work Life Blend Teamwork & Ownership Innovation Leadership Learning & Development Collaboration & Communication Recognition
60.5
68.068.4
71.3
72.5
76.0
79.0
What’s special about New Tech companies?
• Employees have a more positive perception at New Tech companies vs. Non-Tech companies
-5.7
-4.7
-5.0
-7.0
-6.6 -5.3
-6.8
New Tech
Non-Tech
Does it matter?
• Engagement measures tie to business outcomes
Intent to Stay Pride Recommendation Motivation
+4 +5 +7 +9
Item:
New Tech:
1
Case Studies of Innovation Strategies
• What does it take to emulate these strategies in other organizations?
Culture of
Transparency
Employee
Trust
Analytical
HR Team
Full Lifecycle Analytics
Yelp
Department Customization
WhiteWave Foods
Quarterly Pulsing
Optoro Logistics
Manager Accountability
Cotiviti Healthcare
Executive
Sponsorship
Employee
Trust
Culture of
Transparency
Analytical
HR Team
Executive
Sponsorship
WhiteWave Foods
Plant Based
Beverages
CreativeSupply Chain Sales FinanceAccounting
Career Opportunities Career Development Brand Connection Recognition Alignment Communication
Resource Allocation Feedback Decision Making Team Cohesion Accountability Autonomy
Accessibility Innovation Taking Action Accessibility Learning Opportunities Recognition
Leadership Information Customer Relationship Taking Action Work/Life Balance Personal Growth
Innovation Systems & Processes Systems & Processes Leadership Resource Allocation Work/Life Balance
Department
Customization:
WhiteWave Foods
Employee
Trust
Culture of
Transparency
Manager Effectiveness:
• Recognition
• Feedback
• Prioritization
• Clear expectations
• Informed
Consider adopting for:
• Diverse workforces
• Making action plans relevant
at the local level
Additional Benefits:
• Leaders listen to their teams &
craft flexible surveys
• Manager expectations are
clearly set across the company
30 Day Mark Annual Final Two Weeks
17 Rating-Style Questions
4 Multi-Select Questions
37 Rating-Style Questions
3 Qualitative Questions
14 Rating-Style Questions
5 Multi-Select Questions
Analytical
HR Team
Employee
Trust
ExitOnboarding Engagement
Engagement
Hiring Process
Motivation to Join
Tools & Logistics
Enablement
Initial Experience
Learning & Development
Collaboration & Communication
Engagement
Company Performance
Feedback & Recognition
Enablement
Leadership
Learning & Development
Social Connection
Collaboration & Communication
Alignment & Involvement
Teamwork & Ownership
Management
Work & Life Blend
Engagement
Motivation to Join
Motivation to Leave
Timing of Intent to Leave
Learning & Development
Alignment & Involvement
Career Advancement
Management
Inclusivity
Full Lifecycle
Analytics:
Yelp
Join: Yelp’s Brand &
Mission (67%)
Career Opportunities (+8)
Development of Skills (+7)
Access to L&D(+15)
Genuine Manager Interest in
Career Development (+22)
Join: Yelp’s Brand & Mission
(75%)
Onboarding:
Tools/Logistics (90-96%)
Offboarding: Consider for <1
month; different career
Strongest Drivers
(Correlation):
Long Term Career
Opportunities
Opportunities for
Development & Growth
Strongest Drivers
(Correlation):
Training, Tools, Resources
Performance Goals
Information During Hire
Full Lifecycle
Analytics:
Yelp
Analytical
HR Team
Employee
Trust
Consider adopting for:
• Visibility into workforce like no
other - the ability to answer
any question that leadership
may want
Additional Benefits:
• Supplementing with
lightweight Manager
Effectiveness assessment
• Seamless onboarding and exit
survey program
ExitOnboarding Engagement
Quarterly Pulsing:
Optoro
FocusonEngagement
Q1 Q2 Q3 Q4
Launch
Data Analyzed
Results Communicated, Reports Distributed
Decline in Attention
Pulse Pulse Pulse
Analytical
HR Team
Executive
Sponsorship
-10.0
-5.0
0.0
5.0
10.0
June September December
Quarterly Pulsing:
Optoro
Consider adopting for:
• Accountability
• Steady growth/low turnover
Additional Benefits:
• Engagement becomes a part
of business
• Managers are empowered
• Continuous feedback culture
Recognition
Management
L&D
Leadership
Analytical
HR Team
Executive
Sponsorship
Manager
Accountability:
Cotiviti
Salesforce
HR & Survey Team
Senior Leadership Team
Department Leaders
Managers
Executive
Sponsorship
Culture of
Transparency
Salesforce
Motivation
Pride
Understand Strategy
Work Alignment
Recommendation
Intent to Stay 25
24
20
19
17
13
Consider adopting for:
• Accessibility & Speed
• Encouraging Transparency
Additional Benefits:
• Continuous feedback culture
• Engagement becomes a part
of business
• Managers are empowered
Executive
Sponsorship
Culture of
Transparency
“The actions that will be taken to make positive changes in my work area
have been shared with me”
Manager
Accountability:
Cotiviti
“New Tech”
Playbook
The
Full Lifecycle Analytics
Yelp
Department Customization
WhiteWave Foods
Quarterly Pulsing
Optoro Logistics
Manager Accountability
Cotiviti Healthcare
Take Action
Questions? Connect:
email: stevenh@cultureamp.com
linkedin: thestevenhuang
More Resources:
www.PeopleGeeks.com
People Geekly: http://bit.ly/pplgkly
People Geek Slack Channel: http://bit.ly/pplgeekslack
Steven Huang
Strategist, Data & Insights

Más contenido relacionado

La actualidad más candente

A Playbook for Diversity Analytics and Strategy Development
A Playbook for Diversity Analytics and Strategy DevelopmentA Playbook for Diversity Analytics and Strategy Development
A Playbook for Diversity Analytics and Strategy DevelopmentWilliam Gaker
 
What Leaders at top companies do to drive predictive performance and engagement.
What Leaders at top companies do to drive predictive performance and engagement.What Leaders at top companies do to drive predictive performance and engagement.
What Leaders at top companies do to drive predictive performance and engagement.Aon Hewitt Middle East
 
The Datafication of HR in 2016: Graduating From Metrics to Analytics
The Datafication of HR in 2016: Graduating From Metrics to AnalyticsThe Datafication of HR in 2016: Graduating From Metrics to Analytics
The Datafication of HR in 2016: Graduating From Metrics to AnalyticsHuman Capital Media
 
Unleashing the Power of Analytics: Driving Performance at the Intersection of...
Unleashing the Power of Analytics: Driving Performance at the Intersection of...Unleashing the Power of Analytics: Driving Performance at the Intersection of...
Unleashing the Power of Analytics: Driving Performance at the Intersection of...Human Capital Media
 
People Analytics: Improving the Employee Experience and Productivity
People Analytics: Improving the Employee Experience and ProductivityPeople Analytics: Improving the Employee Experience and Productivity
People Analytics: Improving the Employee Experience and ProductivityDr Susan Entwisle
 
Recruitment Analytics
Recruitment AnalyticsRecruitment Analytics
Recruitment AnalyticsBurak AKALIN
 
ConnectIn Singapore 2014: Make Better Talent Decisions with Data and Insights...
ConnectIn Singapore 2014: Make Better Talent Decisions with Data and Insights...ConnectIn Singapore 2014: Make Better Talent Decisions with Data and Insights...
ConnectIn Singapore 2014: Make Better Talent Decisions with Data and Insights...linkedintalentsolutionsSEA
 
Shifting Away From Annual Performance Reviews to Increase Productivity and En...
Shifting Away From Annual Performance Reviews to Increase Productivity and En...Shifting Away From Annual Performance Reviews to Increase Productivity and En...
Shifting Away From Annual Performance Reviews to Increase Productivity and En...Cornerstone OnDemand
 
GRT16_GlobalRecruiting_100815
GRT16_GlobalRecruiting_100815GRT16_GlobalRecruiting_100815
GRT16_GlobalRecruiting_100815Will Clarke
 
Make Better Talent Decisions with Data and Insights | ConnectIn Singapore 2014
Make Better Talent Decisions with Data and Insights | ConnectIn Singapore 2014Make Better Talent Decisions with Data and Insights | ConnectIn Singapore 2014
Make Better Talent Decisions with Data and Insights | ConnectIn Singapore 2014LinkedIn Talent Solutions
 
How to Start People Analytics Practice?
How to Start People Analytics Practice?How to Start People Analytics Practice?
How to Start People Analytics Practice?Martin Boudikianov
 
LinkedIn - Global Talent Trends - 2017
LinkedIn - Global Talent Trends - 2017LinkedIn - Global Talent Trends - 2017
LinkedIn - Global Talent Trends - 2017Reuben Obaidullah
 
Turbocharging the recruiting engine: How LinkedIn used data to drive recruiti...
Turbocharging the recruiting engine: How LinkedIn used data to drive recruiti...Turbocharging the recruiting engine: How LinkedIn used data to drive recruiti...
Turbocharging the recruiting engine: How LinkedIn used data to drive recruiti...LinkedIn Talent Solutions
 

La actualidad más candente (20)

A Playbook for Diversity Analytics and Strategy Development
A Playbook for Diversity Analytics and Strategy DevelopmentA Playbook for Diversity Analytics and Strategy Development
A Playbook for Diversity Analytics and Strategy Development
 
1415 track1 zhan
1415 track1 zhan1415 track1 zhan
1415 track1 zhan
 
What Leaders at top companies do to drive predictive performance and engagement.
What Leaders at top companies do to drive predictive performance and engagement.What Leaders at top companies do to drive predictive performance and engagement.
What Leaders at top companies do to drive predictive performance and engagement.
 
People Analytics is the New HR
People Analytics is the New HRPeople Analytics is the New HR
People Analytics is the New HR
 
HR Leads - Making Engagement Happen
HR Leads - Making Engagement HappenHR Leads - Making Engagement Happen
HR Leads - Making Engagement Happen
 
The Datafication of HR in 2016: Graduating From Metrics to Analytics
The Datafication of HR in 2016: Graduating From Metrics to AnalyticsThe Datafication of HR in 2016: Graduating From Metrics to Analytics
The Datafication of HR in 2016: Graduating From Metrics to Analytics
 
Unleashing the Power of Analytics: Driving Performance at the Intersection of...
Unleashing the Power of Analytics: Driving Performance at the Intersection of...Unleashing the Power of Analytics: Driving Performance at the Intersection of...
Unleashing the Power of Analytics: Driving Performance at the Intersection of...
 
People Analytics: Improving the Employee Experience and Productivity
People Analytics: Improving the Employee Experience and ProductivityPeople Analytics: Improving the Employee Experience and Productivity
People Analytics: Improving the Employee Experience and Productivity
 
Recruitment Analytics
Recruitment AnalyticsRecruitment Analytics
Recruitment Analytics
 
ConnectIn Singapore 2014: Make Better Talent Decisions with Data and Insights...
ConnectIn Singapore 2014: Make Better Talent Decisions with Data and Insights...ConnectIn Singapore 2014: Make Better Talent Decisions with Data and Insights...
ConnectIn Singapore 2014: Make Better Talent Decisions with Data and Insights...
 
Shifting Away From Annual Performance Reviews to Increase Productivity and En...
Shifting Away From Annual Performance Reviews to Increase Productivity and En...Shifting Away From Annual Performance Reviews to Increase Productivity and En...
Shifting Away From Annual Performance Reviews to Increase Productivity and En...
 
GRT16_GlobalRecruiting_100815
GRT16_GlobalRecruiting_100815GRT16_GlobalRecruiting_100815
GRT16_GlobalRecruiting_100815
 
Make Better Talent Decisions with Data and Insights | ConnectIn Singapore 2014
Make Better Talent Decisions with Data and Insights | ConnectIn Singapore 2014Make Better Talent Decisions with Data and Insights | ConnectIn Singapore 2014
Make Better Talent Decisions with Data and Insights | ConnectIn Singapore 2014
 
2016 HR Survey
2016 HR Survey 2016 HR Survey
2016 HR Survey
 
How to Start People Analytics Practice?
How to Start People Analytics Practice?How to Start People Analytics Practice?
How to Start People Analytics Practice?
 
LinkedIn - Global Talent Trends - 2017
LinkedIn - Global Talent Trends - 2017LinkedIn - Global Talent Trends - 2017
LinkedIn - Global Talent Trends - 2017
 
Talent Analytics
Talent AnalyticsTalent Analytics
Talent Analytics
 
People Analytics
People AnalyticsPeople Analytics
People Analytics
 
Smb recruiting trends 2017
Smb recruiting trends 2017Smb recruiting trends 2017
Smb recruiting trends 2017
 
Turbocharging the recruiting engine: How LinkedIn used data to drive recruiti...
Turbocharging the recruiting engine: How LinkedIn used data to drive recruiti...Turbocharging the recruiting engine: How LinkedIn used data to drive recruiti...
Turbocharging the recruiting engine: How LinkedIn used data to drive recruiti...
 

Destacado

TSM_SmartCity_Barcelona_cityBoard_20161021
TSM_SmartCity_Barcelona_cityBoard_20161021TSM_SmartCity_Barcelona_cityBoard_20161021
TSM_SmartCity_Barcelona_cityBoard_20161021Csaba Polgár, MBA
 
Ramadan 15, 1431 The month of Ramadan- episode 15 final
Ramadan 15, 1431  The month of Ramadan- episode 15 finalRamadan 15, 1431  The month of Ramadan- episode 15 final
Ramadan 15, 1431 The month of Ramadan- episode 15 finalXenia Y
 
Daniel Acheson - CV (2015)
Daniel Acheson - CV (2015)Daniel Acheson - CV (2015)
Daniel Acheson - CV (2015)Dan Acheson
 
Presentation1
Presentation1Presentation1
Presentation1mickyb96
 
Federico Torres II Resume
Federico Torres II ResumeFederico Torres II Resume
Federico Torres II ResumeRico Torres
 
reverse logistic and compititiveness : A brief relationship
reverse logistic and compititiveness : A brief relationshipreverse logistic and compititiveness : A brief relationship
reverse logistic and compititiveness : A brief relationship8902714972
 
Study of challenges faced in reverse logistics revised
Study of challenges faced in reverse logistics   revisedStudy of challenges faced in reverse logistics   revised
Study of challenges faced in reverse logistics revisedDivya Rawal
 
Modelling Security Architecture
Modelling Security ArchitectureModelling Security Architecture
Modelling Security Architecturenarenvivek
 
The O2O Brand Engagement Platform Transforming O2O Marketing-Alexis Wong
The O2O Brand Engagement Platform Transforming O2O Marketing-Alexis WongThe O2O Brand Engagement Platform Transforming O2O Marketing-Alexis Wong
The O2O Brand Engagement Platform Transforming O2O Marketing-Alexis WongSimba Events
 
Vital pulp therapy
Vital pulp therapyVital pulp therapy
Vital pulp therapyMahak Ralli
 
Green Supply Chain Management and Reverse Logistics
Green Supply Chain Management and Reverse LogisticsGreen Supply Chain Management and Reverse Logistics
Green Supply Chain Management and Reverse LogisticsGurpreet Singh
 
Vital Pulp Therapy
Vital Pulp TherapyVital Pulp Therapy
Vital Pulp TherapyIAU Dent
 

Destacado (17)

Χριστούγεννα σε διάφορες χώρες του κόσμου- Λυδία+Μαριλίτα
Χριστούγεννα σε διάφορες χώρες του κόσμου- Λυδία+ΜαριλίταΧριστούγεννα σε διάφορες χώρες του κόσμου- Λυδία+Μαριλίτα
Χριστούγεννα σε διάφορες χώρες του κόσμου- Λυδία+Μαριλίτα
 
TSM_SmartCity_Barcelona_cityBoard_20161021
TSM_SmartCity_Barcelona_cityBoard_20161021TSM_SmartCity_Barcelona_cityBoard_20161021
TSM_SmartCity_Barcelona_cityBoard_20161021
 
Ramadan 15, 1431 The month of Ramadan- episode 15 final
Ramadan 15, 1431  The month of Ramadan- episode 15 finalRamadan 15, 1431  The month of Ramadan- episode 15 final
Ramadan 15, 1431 The month of Ramadan- episode 15 final
 
Daniel Acheson - CV (2015)
Daniel Acheson - CV (2015)Daniel Acheson - CV (2015)
Daniel Acheson - CV (2015)
 
Presentation1
Presentation1Presentation1
Presentation1
 
áLvaro
áLvaroáLvaro
áLvaro
 
Federico Torres II Resume
Federico Torres II ResumeFederico Torres II Resume
Federico Torres II Resume
 
2012top250
2012top2502012top250
2012top250
 
Blinq vision, strategy, & tactics presentation
Blinq vision, strategy, & tactics presentationBlinq vision, strategy, & tactics presentation
Blinq vision, strategy, & tactics presentation
 
reverse logistic and compititiveness : A brief relationship
reverse logistic and compititiveness : A brief relationshipreverse logistic and compititiveness : A brief relationship
reverse logistic and compititiveness : A brief relationship
 
Study of challenges faced in reverse logistics revised
Study of challenges faced in reverse logistics   revisedStudy of challenges faced in reverse logistics   revised
Study of challenges faced in reverse logistics revised
 
Modelling Security Architecture
Modelling Security ArchitectureModelling Security Architecture
Modelling Security Architecture
 
The O2O Brand Engagement Platform Transforming O2O Marketing-Alexis Wong
The O2O Brand Engagement Platform Transforming O2O Marketing-Alexis WongThe O2O Brand Engagement Platform Transforming O2O Marketing-Alexis Wong
The O2O Brand Engagement Platform Transforming O2O Marketing-Alexis Wong
 
Vital pulp therapy
Vital pulp therapyVital pulp therapy
Vital pulp therapy
 
Green Supply Chain Management and Reverse Logistics
Green Supply Chain Management and Reverse LogisticsGreen Supply Chain Management and Reverse Logistics
Green Supply Chain Management and Reverse Logistics
 
DC Space Finding Tour: Georgia Avenue
DC Space Finding Tour: Georgia AvenueDC Space Finding Tour: Georgia Avenue
DC Space Finding Tour: Georgia Avenue
 
Vital Pulp Therapy
Vital Pulp TherapyVital Pulp Therapy
Vital Pulp Therapy
 

Similar a Innovation Strategies from New Tech Companies

Please Don't Go: The top retention drivers for employees
Please Don't Go: The top retention drivers for employeesPlease Don't Go: The top retention drivers for employees
Please Don't Go: The top retention drivers for employeesCulture Amp
 
Improving Employee Engagement1
Improving Employee Engagement1Improving Employee Engagement1
Improving Employee Engagement1Rhonda Blum, CAS
 
Hr policy, Human Resources
Hr policy, Human ResourcesHr policy, Human Resources
Hr policy, Human ResourcesJuha Ryödi
 
Csi New Stars Performance 6 2010
Csi New Stars Performance 6 2010Csi New Stars Performance 6 2010
Csi New Stars Performance 6 2010CSI
 
Organizational Planning Powerpoint Presentation Slides
Organizational Planning Powerpoint Presentation SlidesOrganizational Planning Powerpoint Presentation Slides
Organizational Planning Powerpoint Presentation SlidesSlideTeam
 
Be in Driver Seat HR Driven Business Sustainability and Growth Model
Be in Driver Seat HR Driven Business Sustainability and Growth Model Be in Driver Seat HR Driven Business Sustainability and Growth Model
Be in Driver Seat HR Driven Business Sustainability and Growth Model Laurence Yap M.A. (UM) CHRM
 
0901 The Growth Process
0901 The Growth Process0901 The Growth Process
0901 The Growth ProcessAlvin Chua
 
Measuring Impact - Tying Learning to Strategic Business Outcomes
Measuring Impact - Tying Learning to Strategic Business OutcomesMeasuring Impact - Tying Learning to Strategic Business Outcomes
Measuring Impact - Tying Learning to Strategic Business OutcomesAxonify
 
Transforming Leadership and Clture to Accelerate Engagement: A case study
Transforming Leadership and Clture to Accelerate Engagement:  A case studyTransforming Leadership and Clture to Accelerate Engagement:  A case study
Transforming Leadership and Clture to Accelerate Engagement: A case studyCatalyst Consulting South Africa
 
Growing business performance through people
Growing business performance through people Growing business performance through people
Growing business performance through people Mandy Cartwright
 
TalentMap HRPA Conference
TalentMap HRPA ConferenceTalentMap HRPA Conference
TalentMap HRPA ConferenceKim Parker, CMA
 
An Outcome Measurement Model: Is your Agile Adoption Moving the Needle?
An Outcome Measurement Model: Is your Agile Adoption Moving the Needle?An Outcome Measurement Model: Is your Agile Adoption Moving the Needle?
An Outcome Measurement Model: Is your Agile Adoption Moving the Needle?Cprime
 
Gras Savoye Signature Innovation and HR Survey Report December 2013
Gras Savoye Signature Innovation and HR Survey Report December 2013Gras Savoye Signature Innovation and HR Survey Report December 2013
Gras Savoye Signature Innovation and HR Survey Report December 2013GrasSavoyeSignature
 

Similar a Innovation Strategies from New Tech Companies (20)

Please Don't Go: The top retention drivers for employees
Please Don't Go: The top retention drivers for employeesPlease Don't Go: The top retention drivers for employees
Please Don't Go: The top retention drivers for employees
 
SHRM-Atlanta 082214
SHRM-Atlanta 082214SHRM-Atlanta 082214
SHRM-Atlanta 082214
 
Improving Employee Engagement1
Improving Employee Engagement1Improving Employee Engagement1
Improving Employee Engagement1
 
MCF
MCFMCF
MCF
 
Hr policy, Human Resources
Hr policy, Human ResourcesHr policy, Human Resources
Hr policy, Human Resources
 
Strategic HR Driven Organziation Growth
Strategic HR Driven Organziation Growth Strategic HR Driven Organziation Growth
Strategic HR Driven Organziation Growth
 
Csi New Stars Performance 6 2010
Csi New Stars Performance 6 2010Csi New Stars Performance 6 2010
Csi New Stars Performance 6 2010
 
Organizational Planning Powerpoint Presentation Slides
Organizational Planning Powerpoint Presentation SlidesOrganizational Planning Powerpoint Presentation Slides
Organizational Planning Powerpoint Presentation Slides
 
Be in Driver Seat HR Driven Business Sustainability and Growth Model
Be in Driver Seat HR Driven Business Sustainability and Growth Model Be in Driver Seat HR Driven Business Sustainability and Growth Model
Be in Driver Seat HR Driven Business Sustainability and Growth Model
 
Surveys for organizations
Surveys for organizationsSurveys for organizations
Surveys for organizations
 
0901 The Growth Process
0901 The Growth Process0901 The Growth Process
0901 The Growth Process
 
Measuring Impact - Tying Learning to Strategic Business Outcomes
Measuring Impact - Tying Learning to Strategic Business OutcomesMeasuring Impact - Tying Learning to Strategic Business Outcomes
Measuring Impact - Tying Learning to Strategic Business Outcomes
 
Rajesh Sehgal
Rajesh SehgalRajesh Sehgal
Rajesh Sehgal
 
Transforming Leadership and Clture to Accelerate Engagement: A case study
Transforming Leadership and Clture to Accelerate Engagement:  A case studyTransforming Leadership and Clture to Accelerate Engagement:  A case study
Transforming Leadership and Clture to Accelerate Engagement: A case study
 
EVP3.pdf
EVP3.pdfEVP3.pdf
EVP3.pdf
 
Growing business performance through people
Growing business performance through people Growing business performance through people
Growing business performance through people
 
TalentMap HRPA Conference
TalentMap HRPA ConferenceTalentMap HRPA Conference
TalentMap HRPA Conference
 
An Outcome Measurement Model: Is your Agile Adoption Moving the Needle?
An Outcome Measurement Model: Is your Agile Adoption Moving the Needle?An Outcome Measurement Model: Is your Agile Adoption Moving the Needle?
An Outcome Measurement Model: Is your Agile Adoption Moving the Needle?
 
Gras Savoye Signature Innovation and HR Survey Report December 2013
Gras Savoye Signature Innovation and HR Survey Report December 2013Gras Savoye Signature Innovation and HR Survey Report December 2013
Gras Savoye Signature Innovation and HR Survey Report December 2013
 
Strategic Business Partner Function
Strategic Business Partner FunctionStrategic Business Partner Function
Strategic Business Partner Function
 

Innovation Strategies from New Tech Companies

  • 1. Innovation Strategies from New Tech Companies Steven Huang
  • 2. Median Growth: 15-40% Median Funding: 77m What’s a “New Tech” Company? Learning Objectives: 1) Differences in Engagement Scores 2) Why it Matters 3) Innovative Strategies to Consider Median Age: 8 Years Median Size: 300 employees 2016 New Tech Benchmark 150+ Companies; 100,000+ Respondents
  • 3. 50 60 70 80 Work Life Blend Teamwork & Ownership Innovation Leadership Learning & Development Collaboration & Communication Recognition 60.5 68.068.4 71.3 72.5 76.0 79.0 What’s special about New Tech companies? • Employees have a more positive perception at New Tech companies vs. Non-Tech companies -5.7 -4.7 -5.0 -7.0 -6.6 -5.3 -6.8 New Tech Non-Tech
  • 4. Does it matter? • Engagement measures tie to business outcomes Intent to Stay Pride Recommendation Motivation +4 +5 +7 +9 Item: New Tech: 1
  • 5. Case Studies of Innovation Strategies • What does it take to emulate these strategies in other organizations? Culture of Transparency Employee Trust Analytical HR Team Full Lifecycle Analytics Yelp Department Customization WhiteWave Foods Quarterly Pulsing Optoro Logistics Manager Accountability Cotiviti Healthcare Executive Sponsorship Employee Trust Culture of Transparency Analytical HR Team Executive Sponsorship
  • 6. WhiteWave Foods Plant Based Beverages CreativeSupply Chain Sales FinanceAccounting Career Opportunities Career Development Brand Connection Recognition Alignment Communication Resource Allocation Feedback Decision Making Team Cohesion Accountability Autonomy Accessibility Innovation Taking Action Accessibility Learning Opportunities Recognition Leadership Information Customer Relationship Taking Action Work/Life Balance Personal Growth Innovation Systems & Processes Systems & Processes Leadership Resource Allocation Work/Life Balance Department Customization: WhiteWave Foods Employee Trust Culture of Transparency Manager Effectiveness: • Recognition • Feedback • Prioritization • Clear expectations • Informed Consider adopting for: • Diverse workforces • Making action plans relevant at the local level Additional Benefits: • Leaders listen to their teams & craft flexible surveys • Manager expectations are clearly set across the company
  • 7. 30 Day Mark Annual Final Two Weeks 17 Rating-Style Questions 4 Multi-Select Questions 37 Rating-Style Questions 3 Qualitative Questions 14 Rating-Style Questions 5 Multi-Select Questions Analytical HR Team Employee Trust ExitOnboarding Engagement Engagement Hiring Process Motivation to Join Tools & Logistics Enablement Initial Experience Learning & Development Collaboration & Communication Engagement Company Performance Feedback & Recognition Enablement Leadership Learning & Development Social Connection Collaboration & Communication Alignment & Involvement Teamwork & Ownership Management Work & Life Blend Engagement Motivation to Join Motivation to Leave Timing of Intent to Leave Learning & Development Alignment & Involvement Career Advancement Management Inclusivity Full Lifecycle Analytics: Yelp
  • 8. Join: Yelp’s Brand & Mission (67%) Career Opportunities (+8) Development of Skills (+7) Access to L&D(+15) Genuine Manager Interest in Career Development (+22) Join: Yelp’s Brand & Mission (75%) Onboarding: Tools/Logistics (90-96%) Offboarding: Consider for <1 month; different career Strongest Drivers (Correlation): Long Term Career Opportunities Opportunities for Development & Growth Strongest Drivers (Correlation): Training, Tools, Resources Performance Goals Information During Hire Full Lifecycle Analytics: Yelp Analytical HR Team Employee Trust Consider adopting for: • Visibility into workforce like no other - the ability to answer any question that leadership may want Additional Benefits: • Supplementing with lightweight Manager Effectiveness assessment • Seamless onboarding and exit survey program ExitOnboarding Engagement
  • 9. Quarterly Pulsing: Optoro FocusonEngagement Q1 Q2 Q3 Q4 Launch Data Analyzed Results Communicated, Reports Distributed Decline in Attention Pulse Pulse Pulse Analytical HR Team Executive Sponsorship
  • 10. -10.0 -5.0 0.0 5.0 10.0 June September December Quarterly Pulsing: Optoro Consider adopting for: • Accountability • Steady growth/low turnover Additional Benefits: • Engagement becomes a part of business • Managers are empowered • Continuous feedback culture Recognition Management L&D Leadership Analytical HR Team Executive Sponsorship
  • 11. Manager Accountability: Cotiviti Salesforce HR & Survey Team Senior Leadership Team Department Leaders Managers Executive Sponsorship Culture of Transparency
  • 12. Salesforce Motivation Pride Understand Strategy Work Alignment Recommendation Intent to Stay 25 24 20 19 17 13 Consider adopting for: • Accessibility & Speed • Encouraging Transparency Additional Benefits: • Continuous feedback culture • Engagement becomes a part of business • Managers are empowered Executive Sponsorship Culture of Transparency “The actions that will be taken to make positive changes in my work area have been shared with me” Manager Accountability: Cotiviti
  • 13. “New Tech” Playbook The Full Lifecycle Analytics Yelp Department Customization WhiteWave Foods Quarterly Pulsing Optoro Logistics Manager Accountability Cotiviti Healthcare
  • 15. Questions? Connect: email: stevenh@cultureamp.com linkedin: thestevenhuang More Resources: www.PeopleGeeks.com People Geekly: http://bit.ly/pplgkly People Geek Slack Channel: http://bit.ly/pplgeekslack Steven Huang Strategist, Data & Insights