A Commitment to a High Achieving Culture is Essential
Culturally driven companies have 18% more revenue per employee than the average*
Only 15% of employees globally are engaged in their work*. However, a defining characteristic for high achieving companies is a strong and empowering culture.
The cost of one bad hire alone can exceed $25,000*
If an employee isn’t well-suited for the job or has a bad attitude and low engagement, he or she could significantly impact the company’s bottom line.
Organizations with a strong culture are hard to copy
The quickening pace of innovation means business models are more easily replicated. The ultimate competitive edge is a vibrant culture able to adapt and find new ways to succeed.
Lack of leadership capability costs U.S. corporations up to $550 billion annually*
A great leader inspires and guide others to achieve greatness and creates a platform for employees to thrive. However, this is a rare skill in today’s workplace.
It is easier to attract and keep high achievers for companies with a clear purpose
High Achievers and High Potentials are increasingly more difficult to recruit and retain, and a purpose aligned with who they are is one of the most important aspects that attracts them to one company over another.
Millennials will be 50% of the global workforce by 2020*
Millennials are gaining relevance in our societies as employees and customers. They have new priorities and are more concerned about the 'why' rather than the 'what' both for companies they work for and buy from.
*Source: Gallup statistics, Career Builder Survey, PWC Workforce of the Future