Becoming Customer-Centric Starts with Our People - Headline Verdana Bold Daria Dolnycky National Human Capital Leader, Consumer | Retail Sector ...
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Becoming Customer-Centric Headline Verdana Bold Starts with Our People Daria Dolnycky National Human Capital Leader, Consumer | Retail Sector
We Invest in Designing the Best Customer Strategy but Fall Short in Investing in Those Who Deliver it - Our People To develop customer-centricity today, a majority of retail investments are occurring outside the physical store. Bigger, Retail IT spending has Better increased by 5.6% globally Digital Global omni-channel retail commerce Assets platform market is expected to grow 82% of customers are more likely to purchase Expanding Improving from a brand with multiple delivery options from USD 2.99 – 11.01 billion by 2023 Omni- Retail Channels Offering Billions of dollars in increased capital Remodel Customer- Expanding By 2021, worldwide, retail e-commerce expenditures to remodel stores sales growth will be at 18% Brick and Centric E-Commerce Mortar Capability 82% of retail sales happen within the four walls of a store and limited investments are made to better front-line employees. Becoming Customer-Centric Starts with Our People 2
People Are the Un-Ignorable Link to Customer-Centricity Results show that organizations with strong employee-centricity naturally become customer-centric. Un-Ignorable Link! Customer- Employee- Centric Centric Enterprises with a top-quartile Organizations with highly Consumers spend employee experience achieve 2x engaged employees had an 2x customer average 3 year revenue growth as much in-store when satisfaction 2.3x they have been assisted by an associate and 25% higher profits greater than average Becoming Customer-Centric Starts with Our People 4
Investing in Employee-Centricity Means Going Beyond Wages & Benefits As employees face new challenges in their day-to-day and their expected roles, they long for more support. What employees are up against… Alternative Talent Workforce Disruption The Gig Automation Economy Technology A New Social Disruption Contract Increasing Talent Pace of Change Mobility Becoming Customer-Centric Starts with Our People 5
Don’t Just Take Our Word for It! Here’s What Employees Said… 40% Of the top ten factors (e.g., money, convenience), employees selected of survey respondents don't know what their customer strategy is people as the #3 reason why they work 60% Employees believe their The best part of retail culture organization only focuses on of survey is the people and having an 45% of their needs respondents graded themselves as not very environment to constantly motivated or neutral to be at their work learn To build employee-centricity, employers should focus on cultivating relationships with workers through CULTURE (a Simply Irresistible Experience). Becoming Customer-Centric Starts with Our People 6
Employee-Centricity Has Evolved from Work/Life Balance to Human Experience Personal (the individual) Employee Engagement Human Experience Focus of Culture Work/life Balance Employee Experience Professional (the work) Organization-led Employee-led (top-down) (bottom up) Drivers of Culture Becoming Customer-Centric Starts with Our People 7
Creating the Human Experience Employees Crave Positive Work Trust in Supportive Meaningful Work Growth Opportunity Environment Leadership Management Training and Mission and Clear and Flexible work environment Autonomy support on the job purpose transparent goals Humanistic Facilitated Continuous Select-to-fit Coaching workplace talent mobility investment in people Culture of Small, Self-directed, Transparency Investment in development recognition empowered teams dynamic learning and honesty of managers Fair, inclusive, diverse work Unstructured High-impact Agile performance Inspiration environment time learning culture management Cross-Organization Collaboration & Communication Becoming Customer-Centric Starts with Our People 8
Bringing the Human Experience to Life Positive Environment Fair, Inclusive, Diverse Work Culture of Recognition Flexible Work Environment Humanistic Workplace Environment 84% PATAGONIA Clothing of Consumer Business organizations ranked having a positive environment ‘Let my people go surfing’ Who’s Winning? policy as important or very important. However, 33% of these Free yoga, an organic café, free scooters and skateboards organizations are not yet effectively managing the challenge. 26 three day weekends per year © 2019. For information, contact Deloitte Touche Tohmatsu Limited Becoming Customer-Centric Starts with Our People 9
© 2019. For information, contact Deloitte Touche Tohmatsu Limited Becoming Customer-Centric Starts with Our People 10
Bringing the Human Experience to Life Meaningful Work Small, Empowered Teams Select-to-fit Autonomy Unstructured Time 84% When I Work Scheduling Platform of Consumer Business organizations view meaningful work as a critical enabler to elevate the human Who’s Enabling? experience. However, only 40% of Allows employees to view most up-to-date schedule, these organizations effectively request time off and chat with empower employees to management and co-workers manage their careers. © 2019. For information, contact Deloitte Touche Tohmatsu Limited Becoming Customer-Centric Starts with Our People 11
Bringing the Human Experience to Life WHEN I WORK • Use “WorkChat” to contact managers and other staff • Receive notifications when schedules are posted or changed • Virtually manage vacation and sick day allowances • Sync app with Google, iCal and Outlook • Request shift trades and change availability • Manage multiple jobs using the same app* Because employees have better and more up-to-date access to their schedules, using ‘When I Work’ has Who’s Using It? reduced employee no-shows by 25% © 2019. For information, contact Deloitte Touche Tohmatsu Limited Becoming Customer-Centric Starts with Our People 12
Bringing the Human Experience to Life Growth Opportunity Self-direct Dynamic Learning Facilitated Talent Mobility Training and Support on the Job High-impact Learning Culture 83% SHINOLA Luxury Goods of Consumer Business organization Shinola University was implemented ranked growth opportunity as important or very important. Who’s Winning? to provide: Online Adaptive Learning However, 40% of these Intervention and Feedback in Real-time organizations are not yet effectively managing the challenge. Real-world Learning © 2019. For information, contact Deloitte Touche Tohmatsu Limited Becoming Customer-Centric Starts with Our People 13
© 2019. For information, contact Deloitte Touche Tohmatsu Limited Becoming Customer-Centric Starts with Our People 14
Bringing the Human Experience to Life Trust in Leadership Inspiration Transparency and Honesty Mission and Purpose Continuous Investment in People 18% 37% 27% of organizations believe they have a of leaders are worried about their of organizations believe that a lack of transparent and open model. ability to create trust in their transparency is creating a organization. competitive disadvantage. © 2019. For information, contact Deloitte Touche Tohmatsu Limited Becoming Customer-Centric Starts with Our People 15
Bringing the Human Experience to Life Trust in Leadership Inspiration Transparency and Honesty Mission and Purpose Continuous Investment in People Employees now want to work for WHOLE FOODS MARKET socially responsible organizations. As a Grocery result, Total Health Immersions and 55% Volunteer Programs: Who’s Winning? Health getaways 4 times per of Consumer Business organizations year have increased the impact of social Provide Biometric screenings to responsibility programs in the last 5 see results years. Led by experts in the healthcare industry © 2019. For information, contact Deloitte Touche Tohmatsu Limited Becoming Customer-Centric Starts with Our People 16
Bringing the Human Experience to Life Supportive Management Investment in Development of Coaching Agile Performance Management Clear and Transparent Goals Managers 86% CULTURE AMP People & Culture Platform of Consumer Business organizations ranked having supportive management as Important or Very Important. Who’s Enabling? 42% “People were asking for the reviews, not asking how to get out of them. That felt like success.” However, are not yet “Our employees now connect with Culture Amp effectively managing the challenge. Performance without thinking about it as a performance management tool.” © 2019. For information, contact Deloitte Touche Tohmatsu Limited Becoming Customer-Centric Starts with Our People 17
Bringing the Human Experience to Life Collaboration & Communication Open Culture Constant Communication Investment in Resources, Tools & Time Cross-organizational Collaboration 85% THE CONTAINER STORE General Merchandiser of employees feel that collaboration and The Container Store implemented communication is a critical enabler to elevate the human experience. Who’s Winning? Theatro that: Increased communication across 26% employees by 30% However, only of our Checks inventory and survey respondents feel supported customer orders on-demand with tools and technology to stay connected. Sends real-time updates or messages © 2019. For information, contact Deloitte Touche Tohmatsu Limited Becoming Customer-Centric Starts with Our People 18
© 2019. For information, contact Deloitte Touche Tohmatsu Limited Becoming Customer-Centric Starts with Our People 19
To Satisfy the Crave for Human Experience, We Ask… What will you do differently tomorrow Becoming Customer-Centric Starts with Our People 20
Daria Dolnycky National Human Capital Leader Consumer | Retail Sector ddolnycky@deloitte.ca M: 416 565 7414 Thank you!
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