Internship Presentation
-
Upload
julie-gondek -
Category
Documents
-
view
218 -
download
0
Transcript of Internship Presentation
PowerPoint Presentation
Employee Retention ProgramTEAM FAST & FRIENDLYJulie Gondek, Laura Cardno, Jasmine Berry, Anna Brown, & Melissa Harrington
#
Percent of Fortune 500 companies use mentor programs
Percent of learning is informal
Percent increase in retention with increased employee engagement
DID YOU KNOW?
#P.A.C.E.Potential Acknowledgement & Career Enhancement Who does this program effect?New Hires & existing pacesetters/all-starsWhat is the objective of PACE?Create mentors, nurture leadership, & encourage growthHow will PACE be implemented?Through a mentorship matching softwareWhat will PACE do for Nordstrom?Improve employee retention & grow the company
#Retain New Employees
Encourage Growth
Nurture Leadership
P.A.C.E.What will it do for Nordstrom?
#
P.A.C.E.Pace-setters making pace-setters _Gail Terry
#
Monica BakerMentee
Gail TerryMentor
#Nordstrom Retention AnalysisStrengths:BenefitsCommissionOpen-door Policy
Opportunities:BenefitsCommissionOpen-door PolicyIncentivesTeam bondingReverse Mentoring
Weaknesses:CompetitionDisregarding resourcesStagnant in positions
#P.A.C.E.What willdo for employees?Mentors:Additional benefitsCompensation in pay for lost time on the floor.Creates leadership on the floor.Helps create and maintain goals.Fosters healthy on floor relationshipsRefreshes veteran knowledge.Heightens level of ownership
Mentees:Promotes career growth.Enables mentee to succeed.Improves the bottom line.Helps establish goals & a plan to achieve them.Gives mentee an on floor confidant.Gain knowledge of Nordstrom culture Opportunity to grow Mentees business.
#Additional benefits for MentorsBenefits will compensate for lost time on floorAdditional go to person outside of managementCreates friends not enemies Enforcing all Nordstrom resources Helps mentors & mentees create & maintain goalsMentor bonuses & mentee career growthFosters healthy on floor relationshipsRefreshes knowledge
P.A.C.E.What willdo for Nordstrom?KNOWLEDGETRANSFER
Short-term & long-term learningShortened learning curveEnhances ProductivityAccess to range of peers to share skills & promote learning
CAREER & LEADERSHIP DEVELOPMENT
Acknowledges leadersExposes talentLeverages internal resourcesSpreads knowledge & practices of Nordstrom cultureEnhances networking & interpersonal skills
DIVERSITY & REVERSE MENTORING
Stimulates innovation & creativityCultural inclusiveness & awarenessTwo-way learningNew hires share fresh ideas with veteransVeterans share knowledge with new hires.
#P.A.C.E.Whats next?How can Nordstrom accomplish this program?
Mentor matching software that:Matches mentors & menteesSchedules MeetingsRecords in-depth metricsShares information with DM & HR
#
P.A.C.E.SoftwareMentor Matching
Style-flexPersonality testStrengths test
Scheduling
Meetings based on work schedulesEver 2 weeks for first 60 daysMonthly after 60 days
In-depth metricsSales goalsScorecard/SPHAppointments
Information Sharing
Meeting documentationMentor & Mentee surveysShares feedback with DM & HR.
#
RetainPromoteKnowledge Transfer and Reverse MentoringEngagement Development P.A.C.E.
#
#