How do we get employees engaged in corporate earnings announcements? The quarterly hand-wringing is loud enough to be heard outside just about every Fortune 500 company.
Short of learning if they’re more likely to get a bonus or get laid off, there’s very limited interest from the average employee without a C or VP in their job title. The language and terminology used when reporting financials to employees tends to be the same language that companies use when they’re reporting to shareholders and analysts. The trends and numbers that are reported tend to be high-level or global numbers that can be very hard for someone down in the business to understand or relate to.
Connection to the vision. Quarterly financial reporting is an opportunity to highlight progress toward company goals. If your company has a well-documented vision or business strategy, this is a great time to help employees connect the dots between the vision or strategy and financial performance.
We tend to be fans of teams. Professional baseball fans understand that their team is part of Major League Baseball, and they’re always happy to hear that the league is doing well. But they get animated about their team’s performance. Did they win last night? Will they make the playoffs? Will they finally get to the world series? Are they trading for the pitcher or batter that’s going to get them over the hump?
Companies are all about teams. Look for creative ways to bring the financial conversation down from corporate or global level to the team level. By segmenting the financial reports toward divisions or departments – smaller teams – within the organization, it becomes easier for employees to relate to the results. That can help them cheer on good news or to dig in and work harder if results were less than expected.
Connecting high-level financials to team or individual performance requires both creativity and a pretty deep understanding of company goals and departmental contributions. This doesn’t have to be an exact science. It’s simply a mindset of connecting actions and contributions of employees and team members to financial results. When you include employees in the financial conversation in more relevant ways, they’ll inevitably begin to care more deeply about the results.
Interested in connecting employee actions to financial results in your organization? Tribe can help.