4aBetterBusiness, Inc. - Tools and Solutions to Help Your Business Run Better

(4aBetterBusiness email) Posted 8/8/2017

Get Enthusiastic Engagement from Millennials - Immediate Buy-in to Change, Participation and Contribution

The Demographics
By 2020, 50% of the global workforce will be millennials. Employers are concerned about how to get millennials engaged in their work.

The Consequences of Lack of Engagement
A 2012 Gallup study of 50,000 companies indicated that high-employee-engagement companies had:

  • 37% lower absenteeism
  • 28% less shrinkage
  • 25% lower turnover (in high-turnover organizations)
  • 5% lower turnover (in low-turnover organizations)
  • 48% fewer safety incidents
  • 41% fewer quality incidents (defects)
  • 10% higher customer metrics
  • 21% higher productivity
  • 22% higher profitability
Lack of employee engagement increases costs to ongoing operations and causes increased turnover.

Getting Engagement that Drives Success
4aBetterBusiness recently presented a case study, at the University of Michigan Ross School of Business, that provides useful insights to achieving employee engagement (buy-in to change, participation and contribution to solutions) with millennials that companies can apply in their own operations.

The case study is based on a real company that closed 1 plant and integrated those operations into another plant. After a year, the integration was incomplete. At the headquarters, on-time delivery had been driven down to 50% for each of the last 3 months. There was no progress to improve the situation. This is the starting point for the case presented to the Weekend MBA class (40 millennials, already employed in large and small companies) as a Challenge Case Study. The students were assigned to evaluate the current situation and propose a course of action.

Everyone agreed that management and employee engagement is important. 4aBetterBusiness has 2 core principles to achieve this objective.
  • 90% of the issues in a company are embedded in the system (e.g., people, processes, information, technology, culture, equipment, materials)
  • Employees are the world's experts at knowing their local system - what they do every day
Using the knowledge of your employees (the world's experts in their local system) to capture and evaluate the real underlying system develops the engagement needed for success and rapidly identifies the issues and roadmap for achieving transformational outcomes.

4aBetterBusiness used its two core principles in the actual company situation on which the case is based. Within days, 4aBetterBusiness developed buy-in to change and participation and contribution to solutions. Working side-by-side with management and employees (many of whom were millennials), within 5 months, on-time delivery performance was increased to 86%. Follow-on action achieved 96%+ on-time delivery while reducing inventory by 22% and streamlining and mistake-proofing new product development and introduction.

As part of the case discussion at the University of Michigan, 4aBetterBusiness conducted a hypothetical kick-off meeting with the class for a large-scale project. This kick-off meeting included re-iterating 4aBetterBusiness's 2 core principles:
  • 90% of the issues in a company are embedded in the system (e.g., people, processes, information, technology, culture, equipment, materials)
  • Employees are the world's experts at knowing their local system - what they do every day

The class was asked, "who would want to work together based on these core principles to achieve the substantial goals presented?" All 40 members of the class raised their hands immediately.

Click here to contact 4aBetterBusiness to set up a no-obligation initial conversation about the engagement you want in your business.

Transformational Results through Operationssm

Develop Immediate Enthusiastic Employee Buy-In and Contribution to Change
Increase Profits and Growth
Get Payback in Months

Contact Paul Vragel, President at 847-606-2605 or via email

Start today.

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