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2014 HR Forum - Event in Review


Last week’s Human Resources Forum, June 1-3 at the Four Seasons in Dallas, TX was a huge success, with 100% of Delegates rating their experience as very good or good (4.6 average on a scale of 1-5) and nearly 80% of Supplier Companies immediately booking their place at next year’s event.
 
Companies averaging 44,481 employees were represented, from multiple industries, with a strong presence in healthcare, financial services and retail. CHROs, and HR VP Generalists, Directors of Talent Management, Compensation, Benefits, Acquisition, Development, Training, Effectiveness and more; the HR department powerhouses all under one roof, with a common mission - to network, learn and find solutions.
 
Setting the tone for the opening of the 2014 HR Forum on Sunday evening, with his heartfelt leadership style, was keynote speaker Garry Ridge, CEO of WD-40 Company.  In his compelling presentation, Ridge addressed that even in tough times, creating a tribal culture among employees and a sense of belonging - and removing the biggest obstacle to learning – fear, will truly enable companies to engage their people, build a great place to work, and improve employee performance, job satisfaction and retention.
 
#LearningMoment Fact: WD-40 produces $1M in revenue per employee!
 
Following Ridge’s keynote, the group mingled their way into the foyer for the welcome cocktail reception and a series of 8 minute speed dates - executive style, all pre-arranged meetings. For HR leaders meeting with peers - a quick-fire exchange of challenges and best practices. For Suppliers meeting buyers – a quick “cup of tea” conversation to determine a match or not and where a potential relationship could go.
 
The most popular areas for discussion and top areas where delegates were seeking solutions centered around Employee Engagement, Change Management, Organizational Culture, Succession Planning, Rewards & Recognition, Performance Management, Coaching & Leadership Development, HR Metrics and Wellness Programs.
 
Over the next day and a half over 1000 meetings took place between senior HR leaders and suppliers to the industry, one-on-one, and over meals with peers, as they discussed the critical challenges facing their companies and their people, developing new relationships and mutually beneficial partnerships and solutions.
 
91% of Delegates rated their meetings with Suppliers as Good or Very Good and 69% said they were useful meetings that were unlikely to happen otherwise, stressing the importance and value of face-to-face meetings.
 
So far, 66% of Delegates are arranging further meetings with suppliers they met, 49% are asking suppliers to pitch for a specific project and 22% intend to commission work with a supplier based on their meeting at the HR Forum alone. 100% of suppliers expect to see ROI, majority within 3-6 months.
#HowDoYouBizDev?
 
Continuing the keynotes on day two, Sheldon Yellen, CEO of BELFOR, delivered what many were referring to as the most honest and inspiring presentation they ever heard. Known from his appearance on CBS’ hit show Undercover Boss, Yellen took us on a story of his own life and how his appearance on the show and actually getting to know his employees, transformed him to become the leader he is today - leading from behind, putting people first and his “be humble or get humbled” philosophy.
 
It was clear that HR leaders really appreciated the CEO perspectives of both Ridge and Yellen, and left recharged and inspired to return to the office ready to make a measurable impact to their business and their people, reiterating the importance and effectiveness of effective leadership, starting from the top-down.
 
Other popular conference sessions and discussion groups amongst Delegates focused on:
-      The Power of an Engaged Organization
-      Employment Branding Strategies to Stand Out from the Pack
-      The Realities of Recruiting
-      Starting with a Moral Purpose: Driving Business through Sustainability
-      GenZ – Adjusting to the Changing Needs of Tomorrow’s Labor Market
 
The next Richmond Events’ Human Resources Forum will take place June 7-9, 2015 at Omni Barton Creek in Austin, Texas.
 
For more information, please contact Project Manager Brielle Pope at 212-651-8713 or bpope@richmondevents.com.

Richmond Events' Business Panel Report - Information and Learning


The latest Richmond Events' business panel report on information and learning is now available. Please read on for headline findings and to download the free report.

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Richmond Events' Business Panel - Internal Communications


Headline findings include:
  • Only 7% of the panel describe their organization’s internal communications as excellent, and 45% as good. 42% feel they’re a mixed bag, some clearly good and some less so.
  • There are 3 primary purposes for an organization’s internal communications: to build support for the organization’s vision, (for) staff motivation / employee engagement and to communicate senior management decisions and viewpoints.  
  • Just over ½ of the panel feels internal communications are essential for keeping their whole organization up to speed with what’s going on.  This is followed by 46% who believe it’s a key motivator in terms of employee engagement.
  • It is further reassuring that only 6% feel internal communications are not that useful and that they can find out what they need by talking to clients.
  • It may be considered somewhat of a surprise that the Comms department doesn’t lead the way in terms of being responsible for an organization’s internal communications, instead 37% of the panel saying it ‘depends on what’s being said’.  The communications department is in 2nd place with 1 in 4 of the panel saying this is the case. 
  • The most popular channels for organizations to communicate with its employees are through email and via the intranet.  These are followed by live events and conferences and the more traditional method of in person; predominately through line managers. 
  • At the other end of the scale only 2% of organizations use LinkedIn and 5% twitter, whilst not a single organization uses YouTube.
  • The majority of the panel are mainly satisfied with the ease in which they can locate information; 18% saying it’s easy and a further 60% saying not too bad.
  • Over two thirds of the panel agree with the statement that social media enables them to reach more people more quickly than before.  A further ¼ are unsure, whereas 6% disagree.
  • Just less than ½ the panel engage with their organization’s internal communications on a daily basis, 30% engage weekly and a further 23% engage whenever they have time.

For full report http://revents.info/l/6ql

Richmond Events' Business Panel Report - Research and Development


Richmond Events’ latest business panel report on research and development is now available. Headline findings include –

  • The average number of people working within an organisations' research function is 21.
  • 55% of respondents have between 1-5 employees within their research function.
  • Around a third of the panel don’t have a specific research department yet allow whoever comes up with a new idea / product to research it themselves.
  • The average amount the panel commits to R&D as a percentage of their overall turnover is 4%.
  • 80% of the panel say they purchase from external market research agencies - 20% regularly and 60% sometimes.
  • Organisations tend to undertake research more frequently with their customers than non customers.
  • The majority of the panel are positive in their views towards research - almost one third say it keeps them up with or ahead of competition whilst over half feel it greatly increases effectiveness / product development.
  • Well over half of organisations use their own employees to continually research their customers.
  • Just under half of the panel feel it is always almost money well spent. However it is closely followed by 45% who feel measuring ROI on R&D is more difficult.
  • On a less positive note only 39% of the panel use research to better understand their competition.
To request the full report, please contact David Clark.

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