As many as 79% of organisations believe that a positive employee experience has business impact, but only 28% feel equipped to deliver a clear strategy.
SINGAPORE - Media OutReach - 11 February 2020 - As the global war for talent continues, creating and delivering a great employee experience in the workplace has become a key area of interest for business leaders globally, with eight out of 10 (79%) believing it has business impact -- yet less than a third (28%) are feeling equipped to deliver this strategy, according to a new study by Kincentric, a Spencer Stuart company.
Based on responses from over 1,300 HR professionals across 43 countries, Kincentric's 2019 Global Employee eXperience (eX) Report assesses how organisations are taking steps to understand and improve their employees' experience across the employee lifecycle.
Findings suggest that as interest outpaces readiness, we can expect more and more companies will be getting serious about investing time and energy to improve their employee experience. More than 90% of organisations say it's important, and just under half (44%) of respondents are currently working on improving the experience across key stages in the employee lifecycle, but they will need to close gaps in strategy, measurement and delivery to realise the experience they want to create.
Meanwhile, the extraordinary organisations (28%) that lead by example are taking an agile approach to strategy, measurement and delivery of the employee experience, to design one that aligns to their business needs. Findings on these extraordinary organisations revealed:
- As many as 84% have identified the employee segments and experiences that matter most to their business strategy
- Over two thirds (67%) clarify their hypotheses, decision and actions before jumping into measurement
- The key to success is to develop an experience strategy that focuses on business, behaviours and change readiness
- Nearly three quarters (74%) are clear on the HR governance, roles and decisions to support the organisation in delivering the desired experience
Ken Oehler, Senior Partner and Leader of Kincentric's Global Culture and Engagement Practice, says "It's time for organisations globally to get serious about their employee experience strategy. High-performing cultures come from highly engaged employees having meaningful experiences throughout the employee lifecycle."
"Employee experience is all about how culture and engagement come to life in moments that matter to both the organisation and employees -- the ups, downs and transitions, and how these moments inspire, improve and connect. Getting too many of these moments wrong destroys value through loss of productivity, turnover and poor customer delivery. Getting many of these moments right ignites change and unlocks the power of people and teams," he added.
About Kincentric's 2019 Global Employee Experience Report
TheKincentric 2019 Global Employee Experience study was based on data collectedfrom over 1,300 HR professionals across 43 countries representing over 23million employees, with an aim to assess how organisations around the world aretaking steps to understand and improve their employees' experience across theemployee lifecycle.
Kincentric,a Spencer Stuart company, approaches human capital differently -- we help youidentify what drives your people, so they can drive your business. Formerly apart of Aon, our decades of expertise in culture and engagement, leadershipassessment and development, and HR and talent advisory services enable us tohelp organisations change from the inside. And our global network ofcolleagues, our proven insights and our intuitive technologies give us new waysto help organisations unlock the power of people and teams -- fostering changeand accelerating success. For more information, please visit: www.kincentric.com