SelfDrvn has been selected to be part of Plug and Play Fintech’s Singapore Selection Week

Selfdrvn & Plug and Play

Selfdrvn Business Development Director, Fong Kam Ling and  General Manager, Francis Goh were at Plug and Play Fintech Selection

Kudos!

SelfDrvn has been selected to be part of Plug and Play Fintech’s Singapore Final Selection Week that took place from 26-28 August. Francis, the general manager of SelfDrvn pitched a 5-mins and 1-minute Q&A and eventually, SelfDrvn won in the selection process.

SelfDrvn participated in events and meetings within conjunction with Plug and Play Fintech Selection Week and the major highlight on 26 August. We stayed throughout the week as we were one of the 10-12 start-ups selected for the final program.

What is Selection Week?

Fintech Plug and Play Tech Centre and their corporate partners in APAC, along with the Plug and Play Ventures team, underwent an extensive round of shortlisting, in line with exploring potential business opportunities, partnerships, and investment opportunities with SelfDrvn. The Selection Week include Selection Day (26 August) in which SelfDrvn pitched to our corporate partners. The Fintech Plug and Play Tech Centre sent C-Suite and senior executives which have decision-making capabilities in terms of working with start-ups and executing pilot projects. A 1:1 deep dive and deal flow sessions with SelfDrvn and corporates in exploring business opportunities are also other efforts that were initiative.

This event connects the best start-ups from around the world to APAC’s largest financial and insurance institutions and several more major financial institutions.

 

SelfDrvn Featured in Hype Cycle for the Digital Workplace, 2019

SelfDrvn Featured in Hype Cycle for the Digital Workplace, 2019

SelfDrvn operates as a single digital solution to engage, reward and retain talents for great organization growths. Now it is a proud moment for us as our immense efforts have been recognized for the 2nd consecutive year under the Employee Experience category for the Gartner Hype Cycle for the Digital Workplace, 2019.

What is Gartner 2019 Hype Cycle Report?

 

Gartner Hype Cycle_selfdrvn

Figure 1. Hype Cycle for the Digital Workplace, 2019, Source Gartner

The Gartner’s report summarizes three themes about the future of work as it underpins the digital workplace leaders:

  • A strong core collection of application whereby employees allocate most time in the coming decade at least. Key emphasis are on collaborative work management, content collaboration, workstream collaboration and meeting solutions.
  • The Employee Experience impacts several technologies, most of the time via vendors’ dedication to simplify and ease the usage and is fundamental to digital handiness. Some examples are internal talent marketplaces and Employee Experience Tech (EXTech).
  • Enablement practices are a mixture of technologies and services developed to assist the workforce cultivate the ability and ambition to further integrate technology especially relevant for data scientists and developers.

 

SelfDrvn, sample Vendor in the Employee Experience Tech (EXTech) Platform category

Benefit Rating: High

Market Penetration: 1% to 5% of target audience

Maturity: Emerging

 

Employee Experience technologies are a varied combination of solutions created to enhance and influence organizational culture and Employee Experience. Two disciplines, behavioral economics and positive psychology are the core focus to maximize Employee Experience in line with organization values and business goals.  SelfDrvn has been actively involved in enhancing Employee Experience within the digital space. One of the areas that SelfDrvn has been emphasizing is the emerging future of work which is one of the ultimate demand and emphasis at this point of time. As a practice we highly incorporate Employee Experience principles in our application and solution designs.

According to Research VP, HCM Technology Transformation at Gartner, Ron Hanscome, “In contrast, EXTech solutions and product features seek to increase adoption, engagement and performance through such elements as recommendations, nudges, mindfulness, and connecting workers to others as well as to common purposes. This concept (originally covered by “worker engagement platforms”) has appeared in various disciplines such as gamification, social responsibility, wellness, industry-specific WFM solutions, and social recognition tools”.

SelfDrvn integrative and interactive SaaS platform gives clients data-driven and actionable insights to effectively manage employee engagement in which it encourages talent recognition, rewards positive behaviour and achievement with appreciation badges, points and various levels. Furthermore, it integrates gamification allowing an effective feedback system to help you build trust, cultivate leadership, and include your team in decisions that elevates your company.

In SelfDrvn some of our approaches include but not limited to ongoing simulation, gamification, feedback, mentoring and coaching, employee motivation and encouragement, digital learning, healthy competition, team synergy and participation in social activities social recognition and personalization. In other words, our solution strongly supports multiple activities in ensuring positive employee experience. We create quick wins for employees to experience the benefits from our solutions and it improves the quality of multiple communication and engagement at workplace.

 

Business Impact vs Employee Experience

EVP_Selfdrvn

There has to be a robust and positive correlation between business impact and employee experience in order for business to taste success. Motivating and empowering employees is nowadays a fundamental task. SelfDrvn adopts various solutions and techniques to upkeep an ever-improving experience that drive motivation and engagement, thus add value to business performance and outcomes leading towards an agile culture in organization. This further supports the Employee Value Proposition (EVP) aiming at improving business and individual performance can help to improve the overall employment value proposition over time by better integrating Employee experience organization’s branding and goals.

 

Moving Forward

how-improve-employee-experience-selfdrvn

As positive and strong impact on Employee Experience is a definite success for business and employee growth and retention. As almost all organizations are striving towards this goal, we play a significant role in championing Employee Experience across various businesses and industries. As the digital era is moving faster than the lightning speed, we have a stronger role to play in ensuring success for all clients and partners.

 

About SelfDrvn

SelfDrvn was established in 2015 by our CEO, Lam Mun Choong — an entrepreneur with a background in software engineering and a passion for understanding human sciences. Our mission is to enable a world where employee wellbeing is the key to company success. We want to help companies develop a thriving workplace culture that can build great employee engagement, recognition, retention and performance. So we’ve designed a SaaS (Software-as-a-Service) platform that can help organisations improve engagement with their employees and customers through effective communicationgamificationand behavioral analytics. Our product is part technologypart psychology, and part process. We believe that positive empowerment and people-centred strategies are the keys to building a successful business.


 

Gartner Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

The Gartner Peer Insights Logo is a trademark and service mark of Gartner, Inc., and/or its affiliates, and is used herein with permission. All rights reserved.

 

The 3 Pillars of Employee Engagement

The 3 Pillars of Employee Engagement

Engaging talents has always been a daunting task.

The top two challenges in engaging employees are: working with multiple different generations under one roof, and employees wanting fast-tracked career progression. Employee engagement leads organizations towards higher productivity, business success and numbers of delighted customers. But how many of us hit this right to the core?

Engaging employees is definitely a topic of concern among talents, which strongly ties to talent retention. Engaged employees have a great sense of ownership towards the organization, are most likely to stay longer than the rest, and contribute immensely to the organization, laying the path to high customer satisfaction as well as repetitive new businesses. Failure to fulfill this dissatisfies talents to certain extents, and leads them to the company exit door. Establishing a stronger brand name, combined with employee engagement initiatives obviously helps in retention.

employee-brand-ambassadors

Engaged employees have the added benefit of becoming your brand ambassadors. Invest in them.

Engagement also determines to what extent employees are willing to go beyond at their work, and what drives them to do so. Being a rationally committed employee to the organization makes one feel connected, and an employee will strongly believe in staying only if this is in their self-interest. I wouldn’t want to rule out emotional commitment in which employees believe in, and loves to be part of the organization for various reasons with a stronger “Sense of Belonging” to the organization.  In your organization, is there an emotional attachment or detachment among employees and the organization?

Categorizing the engagement efforts and linking it with organization strategy and vision can be a first step to success of engaging employees.  To start off, it is good to consider both long term and quick wins as well as key objectives of engagement initiatives followed by structuring the talent engagement pillars. Do not let the engagement efforts hang separately.

short-long-termAlign your long, and short-term goals for engagement.

 


 

3 pillars of engagement – Prakash Santhanam / Credit: “101 ways to engage your talents” book

Pillar 1: Communication

Bringing employees together by sharing information and being transparent removes communication barriers in the organization. Engagement efforts within this pillar aims to create crystal-clear information flows, be it top-down or bottom-up. I have personally experienced major communication breakdowns that stems with a vacuum at the mid-level management – key information does not reach all employees.

This is also closely linked with the core values of the organization on how communication is being practiced and managed. Combining both the traditional and modern ways of communicating, the core objective is to emphasize on the transparency and openness of the organization with the employees.

transparency-manager

As a leader, your ability to instill trust is directly correlated with your willingness to be transparent with your employees.

Putting the right message across to all employees determines the success of this pillar. Information sharing is essential, and it has to be initiated by the superiors in the organization as a culture. Who should be spearheading and championing this, the communication department, management team, or managers?

 

Pillar 2: Motivation

Highly motivated employees are likely to perform better and stay more engaged than the rest. Whose role is it to motivate employees? Motivation can be fueled intrinsically or extrinsically. This pillar emphasizes on being a role model and creating positive sparks, along with engaging thoughts among employees. Exploring and understanding employees‘ motivating factors, and customizing it to their needs significantly supports the framework of the engagement model. How can we identify what motivates talents as it differs by cultures and countries? I was once asked by the General Manager to reward the best attendee to eliminate tardiness, yet how many of us agree on this? Is there one formula to motivate, or are multiple channels and efforts required? Go beyond monetary.

employee-benefits

Having a comprehensive benefits plan serves to motivate employees beyond simple monetary terms.

 

 

Pillar 3: Recreation & Bonding

Bond” is the magic word that brings employees and teams closer. An easy way of getting this done is to organize recreational and bonding activities such as team building, and integrating a simple mobile application that can be engaging and rewarding for them. An engaging activity strengthens relationships among the workforce, and indirectly helps in managing teams and performance. How much emphasis should an organization place on this? Is there a strong belief and awareness to champion this? How do we know that existing recreational and bonding activities are sufficient, or if a more innovative approach is required – especially to cater to the new generation’s needs at the workplace?

team-building

Team building – encourage bonding among colleagues in fun and engaging ways!

 

In a nutshell – identify, classify, and build upon these 3 pillars, and ensure you have success measures on every engagement initiative, alongside ensuring they are being tied up with the team and organizational KPIs.

Click here to view my e-book on “101 Ways to Engage Your Talents.”


About Prakash Santhanam

Prakash Santhanam is an experienced Talent Management practitioner specializing in Learning & Capability Management, Executive Coaching, Talent Engagement and Performance Management. He has remarkableinternational track record, aligning business strategy with talent strategy in reshaping organization leading towards regional and global success. He possesses 15 years of professional experience predominantly in the automotive, information technology and telecommunication industries across Asia Pacific and Africa. He is also the author to the book “101 Ways to Engage Your Talents“. 

 

 

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