Business Planning

Which Employee is Your Molotov Cocktail

Which Employee is Your Molotov Cocktail?

Potentially 5% of your workforce includes employees that are a high-security risk. The cost of all types of fraud is a staggering 5% of turnover, per the 2014 Global Fraud Study by the Association of Certified Fraud Examiners (ACFE.) So, what’s the cost of rogue employee behavior to your business? Simply identifying the personality type most likely to cross the line and the triggers that push them there could save you big dollars and your reputation. Or better yet, how do you help an employee to align their strengths to a given role and avoid rogue behavior altogether?

While larger businesses are investing more in cyber security and other monitoring programs, virtually nothing is being put towards identifying and monitoring costly employee behavior risks. The problem is that many of these insider threats are already in your business and the situation is gaining momentum without anyone being the wiser. The Global State of Information Security Survey 2015 recommends that 23% of the annual spend on business security should be directed to behavioral profiling and monitoring of employees.

Research shows that the following problems are caused by human behavior:

  • Combinations of human behavioral factor outliers and external environmental factors (e.g. financial difficulty) trigger emotions causing negative behavior toward the company.
  • Combinations of employees with too similar or too different styles working in a high-risk environment cause internal control issues.

Which Employee is Your Molotov Cocktail

The solution is the deployment of a validated personality discovery process, providing insights to hidden, hard-wired traits and a reliable prediction of where security or compliance risks exist. Based on external research, employees with the following measurable behavioral traits are more likely to engage in rogue behavior when emotionally triggered:

  1. Innovative – bright mind, which turns into curious and devious thinking
  2. Ambitious – desire for success, leading to cutting corners
  3. Secretive – working under cover and not revealing key information

The reality is that any person with a weak or temporarily broken character in the wrong team or facing external pressure can make flawed decisions and therefore, become the source of costly negative behavior. The employee behavior review using personality assessment methodologies should be uniformly applied to every employee in the business from the top down to distill the “hot spot” areas. The high performing leaders down through the sales and operations teams to the disgruntled bookkeeper are not exempt – New hires, or old guard, every last one. You only have to look at the recent headlines regarding Wells Fargo, Volkswagen, and JP Morgan. I am regularly seeing it in the financial services industry and the privately held businesses with whom we partner.

Which Employee is Your Molotov Cocktail2

Using behavioral insights, management can dynamically match employees with specific environmental conditions to determine their potential response. They can also discern the degree to which such responses could create rogue behavior and negative actions towards the business. Lastly, management can apply these insights towards talent re-allocation, employee evaluation, team development and improved hiring processes.

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Dysfunctional Boardroom Behavior – 5 Steps to Manage

A dysfunctional board of directors can cause multiple challenges for any organization.
Industry leaders, celebrities, and subject experts often make up Boards. Many of these individuals are not accustomed to having their opinions challenged. So while they may add credibility, there’re not always a mutual fit.

Dysfunction arises when:

  • Individual behaviors, cognitive biases, decision-making styles and communication styles are not in sync.
  • Decisions are inconsistent or simply not made.
  • Board members have conflicting agendas.
  • There is lack of leadership from the Chair, no mutual respect and lack of trust.
  • Individuals react inappropriately under pressure.
  • Boardroom bullies are not managed or members just sit back and watch.

A 2009 Gallup Research paper revealed a 70% productivity gain when groups of people working together understood and were able to close the behavior performance gap. This study holds true today.

Every board plays an integral role in the success of the organization. When Board members are dysfunctional and not engaged, the flow on to the organization can be significant.

5 Steps to managing boardroom behavior.

  1. Commit to being behaviorally smart in the boardroom.
  2. Use a validated natural discovery process to assess key personality traits.
  3. Use the outcomes to build a balanced relationship between all players.
  4. Appoint a highly skilled facilitator to work with individual directors to understand communication and behavioral styles.
  5. Commit to building a culture of understanding, acceptance, and respect.

Understanding different personalities can lead to better decision-making. Directors cannot fulfill their responsibilities in a boardroom where a few dysfunctional members are allowed to control the meeting or obstruct board decision-making.

MANAGING ADVISOR TURNOVER USING MATCHING RELATIONSHIPS

Managing Advisor Turnover using Matching Relationships

Does your firm face the standard insurance industry problem that only 10 to 15% of the advisors and agents who start in the business are still with them after 5 years? Then, of those who stay after 5 years, how many are strongly committed to your firm? Or, are they producing at the desired rate?

Meeting this challenge starts with improving how the home office uniquely manages each advisor in the field. Then, it is about helping the field force be more successful in engaging their clients (policy holders).

In recent times, we have been helping some of the worlds leading insurance firms significantly boost the levels of field force engagement, thereby leading to more profitable business relationships. Our approach has been to help these insurance firms embrace behavioral marketing and talent segmentation strategies based on validated behavioral science insights. These strategies start by discovering the unique communication and learning style of each person in their field force enabling the firm can more deeply connect with them and provide greater sales assistance.

Being specific, by segmenting each person into one of 4 primary communication styles we have helped these leading insurance firms to:

1. ?Create customized marketing plans which re-frame the key messages for each advisor in the field force

2. ?Provide tailored sales programs and presentations for each advisor based on their style so that they can then adapt to the style of each prospect and customer

3. ?Match the talents and communication style of each advisor to their ideal clients to improve the chances of deeper levels of connection with less energy

4. ?Align advisors to the types of insurance product solutions that they would optimally sell based on their specific behavioral talents

5. ?Help advisors to form teams with other advisors who have different talents so that they can capitalize on more opportunities as a collective unit

6. ?Build online communities for advisors and clients to meet, and be continuously educated

7. ?Develop hiring and retention metrics to ensure that the best talent is retained and resourced for success

If you would like to schedule a conversation with one of our Relationship Management Integrators to explore how our suite of DNA Behavior Solutions generates significant ROI benefits, then please email us at inquiries@dnabehavior.com .

5 Keys to Behaviorally Smart Hiring: Dont rely solely on resume, concentrate on who the person is

Great resumes can be bought. Behaviors cant be.

The only way to effectively hire and retain candidates is to ensure you not only fit the right skills to the right job but that you also find the right cultural and behavioral style fit for the role and team.

Validating behavioral intelligence will deepen engagement in each human interaction the candidate will have in the business as part of their performance. A person’s skills will be a moot point if he or she can’t effectively interact with the team and/or customers or if the person is a social butterfly when a task-oriented person is needed.? The process of exploring and validating behavioral intelligence should also uncover life and business decision-making patterns as this could determine whether or not a candidate will be a long-term, loyal, and successful hire.

Happy Candidate in the Right Role

Key 1: Alignment of vision and life direction; engaging head, heart, and talent

Ask questions to discover if the vision and direction the candidate has for his or her life aligns with the vision and direction of the organization. Another important question to investigate is whether the organization can deliver its part to bring a successful outworking of the candidates vision and life direction? If the answer is yes ? then not only will it be a great hire, but likely a long-term relationship. An individual is less likely to consider leaving when he or she is a part of working towards a shared key goal or milestone.

Key 2: Uncover life and decision making patterns

Understanding how to communicate effectively is the most valuable route to uncovering behaviors, decision making patterns and strengthening engagement. Knowing the communication style of each candidate prior to the hiring interview will enable the interviewing panel to customize their questions to the individuals communication style.

To be able to effectively uncover life and decision making patterns, its important to understand how to communicate and the right questions to ask.Gaining insight into the communication and behavioral style of a candidate will reveal how well the individual/ he or she will fit with colleagues and respond to managers and supervisors.

Key 3: Match behaviors as well as talents to the role–having the skills to do the job isnt enough

It is best to keep in mind, however, that having the skills to do the job isnt enough. People want to work with meaning. Jobseekers will apply for positions they feel match their skills but often the hiring process fails to match both talents and behaviors to the job. Whilst organizations need to secure the talent necessary for the success of the business, matching behaviors as well as talents to roles builds foundational blocks for long-term success.

Key 4: Dont hire yourself

The trap many hiring panels fall into is assuming that a great exchange between candidate and hiring panel translates to best role fit. To avoid this pitfall, the interview panel needs to understand their own individual and collective behavior, communication and decision-making style in advance. This awareness will enable the panel to adapt their communication and interviewing style to the candidates. It is natural to feel more comfortable with communication that mirrors ones own style. Conversely, its also the case that there could be an adverse response to communication styles that do not align.

Key 5: Be known as a champion organization; one that has candidates lining up to get in. Everyone wants to work for a winner. ?

Be Known as a Champion Organization

Understand and implement each of these 5 keys and you are more likely to hire effectively and retain top talent. People want to work for an organization that values talent, communicates effectively, and is known not only for its success in business but its inherent ability to know, understand and engage with employees to get the very best out of them/unlock their potential. Having a reputation as an organization that delivers their employees vision, in addition to delivering the vision of the business, will attract top talent.

Key 1: Alignment of vision and life direction; engaging head, heart, and talent.

Key 2: Uncover life and decision making patterns.

Key 3: Match behaviors as well as talents to the role; having the skills to do the job isnt enough.

Key 4: Dont hire yourself

Key 5: Be known as a champion organization; one that has candidates lining up to get in. Everyone wants to for a winner.

Theres no such thing as the perfect candidate. Look for candidates who canperform at the job with a bit of training and practice but have a communication and behavioral style thats best fit with your current team dynamics.

Remember: Great resumes can be bought. Behaviors cant be.

Leadership Decision-Making Through Intuition

As a leader you are faced with making difficult decisions every day. Often these decisions are complex with many factors to be considered. Hopefully, you will make many more right decisions than bad ones. Following your intuition is important. More often than not your gut feel is right. Nevertheless, it is also important to have the right decision making framework and not allow over analysis to get in the way.leadership development, leadership business, decision-making

Shelley Row, a strategic partner of DNA Behavior has written a great article on Leadership Decision Theory that addresses this point. Please refer to the 4 Styles of Decision-making, or contact Shelley at shelley@shelleyrow.com

The key to successfully using your intuition is firstly to know you have it and when it is working. You should not be afraid of it but also not be blind to its operation and such not be listening to it properly.? In my experience, the starting point to getting in touch with your intuition is to know who you are at the core and from there recognize your instinctive decision-making style. Then, with that self-knowledge having the capacity to manage your behavior particularly when your emotions are triggered.

Ultimately, it gets down to having trust in yourself. If you want to build more trust in yourself and have greater confidence in your decision-making start by learning your Natural DNA Behavior Style.

To learn more about discovering your decision-making style and how you are performing, please email us at inquiries@dnabehavior.com

What Makes a Great Boss?

The ability of a leader to engage their team is a hot topic these days. The pressure of getting results can often make it difficult to do. Further, typically, many of the people in leadership positions are naturally results oriented people in their behavioral style. You do not see as many leaders who are naturally relationship oriented.

So, the key is how do the results oriented leaders adapt and engage their team on a relationship basis?

What Makes a Great BossA key to this is that the leader firstly understands their own strengths and struggles, and then knows the same of their team members. The team members need to feel understood and be managed uniquely, which means the leader has to adapt. This is what provides the more customized work place experience. The team will then feel appreciated and connected with.

However, there are many more things leaders have to do to in terms of their approach to leadership beyond behavioral awareness. Although, a behaviorally aware leader will more naturally be able to manage his or her team respectfully and meaningfully.

The following article in Inc magazine provides a great list of 10 things bosses can do to engage their employees once they have behavioral awareness – Click Here to Read the article.

The ability of a leader to engage their team is a hot topic these days. The pressure of getting results can often make it difficult to do. Further, typically, many of the people in leadership positions are naturally results oriented people in their behavioral style. You do not see as many leaders who are naturally relationship oriented.

So, the key is how do the results oriented leaders adapt and engage their team on a relationship basis?

A key to this is that the leader firstly understands their own strengths and struggles, and then knows the same of their team members. The team members need to feel understood and be managed uniquely, which means the leader has to adapt. This is what provides the more customized work place experience. The team will then feel appreciated and connected with.

However, there are many more things leaders have to do to in terms of their approach to leadership beyond behavioral awareness. Although, a behaviorally aware leader will more naturally be able to manage his or her team respectfully and meaningfully.

The following article in Inc magazine provides a great list of 10 things bosses can do to engage their employees once they have behavioral awareness: http://www.inc.com/jeff-haden/10-things-extraordinary-bosses-do-for-their-employees.html#!

The ability of a leader to engage their team is a hot topic these days. The pressure of getting results can often make it difficult to do. Further, typically, many of the people in leadership positions are naturally results oriented people in their behavioral style. You do not see as many leaders who are naturally relationship oriented.

So, the key is how do the results oriented leaders adapt and engage their team on a relationship basis?

A key to this is that the leader firstly understands their own strengths and struggles, and then knows the same of their team members. The team members need to feel understood and be managed uniquely, which means the leader has to adapt. This is what provides the more customized work place experience. The team will then feel appreciated and connected with.

However, there are many more things leaders have to do to in terms of their approach to leadership beyond behavioral awareness. Although, a behaviorally aware leader will more naturally be able to manage his or her team respectfully and meaningfully.

The following article in Inc magazine provides a great list of 10 things bosses can do to engage their employees once they have behavioral awareness – Click here to read the article.