Worldspan Group

Archive for August, 2009

Shortlisted for Best Brand Activity at a Public Event at the 2009 Event Awards

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We are delighted to share the news that our work for client BT Global Services has been shortlisted for an award at the prestigious 2009 Event Awards. Nominated within the “Best Brand Activity at a Public Event” category, our event team has been recognised for its work in designing and delivering BT Global Services’ corporate hospitality programme at the Vendée Globe.

You can read all about our work for BT Global Services at the Vendée Globe here (PDF, 1Mb).

Worldspan will be joining the other finalists at the awards ceremony on Friday 25th September. Everyone has their fingers crossed for a winning result!

Employee Engagement and Profitability

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  • People and the Bottom Line report showed if companies increased investment in employees by 10% it would produce and increase in GP per employee of between £1083 and £1568.
  • Other research suggests disengaged workers cost the UK £44 billion a year in lost productivity.
  • In 2007 Gallup showed that public companies ranking in the top quartile of employee engagement had EPS growth of 2.6 times the rate of those that were below average.
  • Research shows 70% of engaged employees have a good understanding of how to meet customer needs as opposed to only 17% of disengaged employees.

The Value of Values

We have done a lot of work around helping organisations research, define, communicate and embed their values, and almost always we have to start the process by explaining, and gaining buy-in, by staff and leaders alike, that values are fundamental to an organisation, particularly ones that may be going through a lot of change. Why is that?

As cognitive human beings we all have a set of values that we consciously or unconsciously live by – be it as individuals or families or peer groups. They are important in defining what is right and wrong, what’s important to people and what underlying principles shape how we interact with each other. It’s almost like a set of aspirational ‘rules for behaving’ by which you govern your environment and challenge those who don’t live by the same ‘rules’. All of this applies to the workplace too.

Organisational values are important to help categorise the culture of the company, to underpin the brand promise, set an organisation apart from its competitors and provide consistent and rational decision-making frameworks.

We always start from the bottom up when looking to develop a set of values within an organisation – values cannot be fully representative unless they have been formed through debate, participation and a consensus of opinions from a cross-section of stakeholders.

Defining organisational values should not end there – to ensure they are firmly absorbed into the culture and don’t remain just a poster on the wall or an entry in the annual report, they need to be comprehensively and regularly communicated, embedded through face to face interventions and employees should be encouraged to ‘live them’ daily by strategic reward and recognition practices.

Think about your favourite brands or organisation and find out about their values – do you think they reflect your experience of their brand?