I wrote a piece a couple weeks ago where I referenced Laurence Buchanan’s piece “Measuring the ROI of Social CRM“, now, I am taking a look at it from a slightly different perspective, the value to the employee. How very ‘Inside-out’ of me, I know, but hang in for a moment, there is something here. My favorite quote from his post still stands, and sets the stage:
“The real question in my mind is not whether ROI is measurable or valid (it is), it’s whether ROI is the only metric worth evaluating? I would suggest that ROI as an isolated metric is not enough. In fact nothing like enough.”
Absolutely, ROI is NOT enough. There are lots of ways to look at return, how about employee empowerment? I have suggested myself, on the shoulders of many others that happy customers start with happy employees. Is it then a big leap to suggest that passionate employees might lead to passionate customers? If you are willing to make that leap, as I believe you should, then there is real value to the business!
Reap the rewards of a innovative and passionate organization!
Innovation can seldom, if ever, be measured in the time frame of one quarter. It is like watching your child grow, there in front of you every day, then suddenly, ‘wow, you grew’! If you encourage individual, or small team initiative, what your teams can and will do, if empowered to do it will surprise you. If you sponsor and enable, people within your organization to get closer to the customer through Social means, the payback (Return) will happen.
As an organization, you need to be flexible with regards to the return, flexible in what and when. I realize that some might take issue with the flexibility on return, but you might also be flexible on the cost part too – since people are the main cost, there are worthwhile, non-monetary rewards.
What are you doing to reward employees who take initiative?
I previously used the Twelpforce initiative by Best Buy to make my point. Are there others? There must be, what are yours. How do you reward the employees? For businesses of all sizes, employees with passion are a great asset. Allowing these impassioned employees to get close to and help customers get their jobs done builds stronger relationships, and dare I say leads towards loyalty. I had the chance to chat with the smart folks over at SpigIt a few weeks ago, and they have some great ideas on how to reward initiative from a ideation (sharing ideas) perspective, I bet many of the same concepts would work here.
I highlighted this sentiment with a post on ZDNet this past week, with the following ideas:
Innovation, the Kissing Cousin of Initiative
One path to solving this is to make, foster and push people to shine. Innovation is directly related to initiative, and you have everything right there in front of you. If you encourage and empower individuals, or small teams, the results can and will surprise you. Taking it a step further, to sponsor people within your organization, specifically to get closer to the customer through Social means, the value to each side of the equation will amaze you. The return on initiative will pay dividends well into the future, for both you, the employee and the customer.
How to get it done:
Tackling the hard problems Ask people within the organization to focus on their role in the customer experience, they have one, it might be obvious, or a stretch to figure it out. How can they improve that experience? What do they find frustrating? By taking initiative, focusing on, or even directly helping customers, employees will elevate their visibility, and gain personal satisfaction as well.
Taking a chance Do not make it taboo to take risks, calculated risks of course. Do not punish for initiative, or even failure. A Social Business needs passionate employees, ones who do not always wait for their boss. Yes, they must be willing to be accountable for their actions, and have sound business logic behind their ideas.
Voice of the Customer The hope is that as many people as possible are talking to customers as frequently as possible. Within an organization, you are always knowledgeable about your products and services. Add this knowledge along with something you learned about your customer and tell someone, become an advocate for the customer!
Create a Company of Entrepreneurs The best employees are self-starters. Giving them the freedom to do what it takes to get the job done. Using their best judgment in all situations enables them to express their individual creativity. By encouraging and supporting a culture of freedom and trust, employees will naturally assume a feeling of ownership – ownership in delivering a remarkable customer experience.
All initiatives need to be supported by a business case. It is possible to measure return by more than dollars, but cost has only one measure – or does it? As an organization, you need to be flexible with regards to the return, flexible in what and when. If employees are allowed to put a little bit of passion into their own work, the payback is going to be very powerful. They will become the new shiny object.
In a response to the post, Maria Ogneva, of Attensity360 suggested that “companies are starting to realize how important voice of customer is. However, most still fail to realize that voice of employee is just as important.” She also pointed out that barriers are a problem: “Putting red tape in employees’ way, making them feel stifled and unappreciated will definitely not result in any kind of passion or excitement.” What are you doing to make sure that your employees feel empowered?