Joint Venture Advisory Group survey opportunity:
Engaging JV Employees
and Secondees
An offering of
Water Street Partners, LLC
Washington, DC USA
+1.202.742.7311
www.JointVentureAdvisoryGroup.net
Facing the challenge of
Employee Engagement
Employee engagement is a challenge for most organizations...
…contribute more for longer…
Highly engaged employees…
What financial and non-financial benefits and
Great rewards incentives are awarded, now and in future
Great workplace
Great organization
What it feels like to work with and be a part of the
organization
How employees interact with and support each
other
How direct managers and the senior leadership of
the organization perform their roles
Great leadership
How employees perceive their current and potential
future role, and its connection to the company
Great job
How employees feel about the company’s
business, capabilities, and reputation
Great company
Highly engaged employees work
harder and perform better
Highly engaged employees
stay in-seat longer
…leading to better company
outcomes
Improved financial and
operational performance
Company growth
...and even more so for many joint ventures
Example component of employee engagement: Great rewards
Factors affecting all organizations
•
•
•
•
•
•
•
•
Total current compensation
Potential long-term
compensation
Benefits
Non-cash rewards
Link between compensation
and Company performance
Pay fairness perception
Compensation relative to
peers/others
Performance goals set
realistically
Water Street Partners, LLC
Additional JV-specific factors
Factors impacting JV
secondees
• Impact of shareholder
versus JV performance
• Role of manager in JV in
determining pay
• Perception of
compensation relative to
peers in JV and in
parent company
• Role of manager in JV in
determining
performance
Washington, DC USA
+1.202.742.7311
Factors impacting nonseconded JV employees
• Availability of long-term
incentives
• Compensation relative
to peers in the
shareholder companies
• Impact of shareholder
company performance
on JV pay
• Differences in pay
between JV employees
and secondees in the
same role
www.JointVentureAdvisoryGroup.net
The JV Employee and Secondee
Engagement Survey: What it is
A comprehensive assessment of employee engagement in the
joint venture context
• Question format: Online survey consisting
primarily of short statements; survey
respondents are asked to rate the degree to
which they agree with each statement
• Survey length: The survey is designed to
take no more than 15 minutes; it includes
roughly 60 statements for employee/secondee
evaluation
• Customization: Survey terminology can be
customized to conform with your corporate
vocabulary for pre-identified terms
• Target completion: Survey will remain open
for 3 weeks (2 weeks initially, plus a 1 week
extension); participants should encourage
100% participation
• Survey versioning: Two standalone survey
versions – one for JV employees, and one for
secondees – will be used in parallel
Special offer: Leverage
this survey to solicit
additional feedback from
your employees. Each
participting organization
may add up to 5 custom
questions to the survey.
• Respondent segmentation: Optionally,
respondents may request up to two survey
“cuts” based on survey demographics (e.g.,
level, group/function, tenure)
Illustrative survey questions
JV Employee Engagement Survey: Great rewards
JV Secondee Engagement Survey: Great rewards
1. My compensation package includes components that keep
me motivated to perform at a high level over the long term.
1. My performance in the JV truly impacts my compensation
level.
Ο1
Ο2
Ο3
Ο4
Ο5
2. I am compensated at a similar level as employees of the
shareholder companies who work in a similar role, and
have a similar performance profile.
Ο1
Ο2
Ο3
Ο4
Ο5
3. I am compensated at the same level as my peers in the
JV, even if they are seconded from a shareholder
company.
Ο1
Ο2
Ο3
Ο4
Ο5
4. If the JV performs well overall, my total compensation
will increase.
Water Street Partners, LLC
Washington, DC USA
Ο1
Ο2
Ο3
Ο4
Ο5
2. I am compensated at a similar level as employees of the
JV and employees of my shareholder company who work
in a similar role and have a similar performance profile.
Ο1
Ο2
Ο3
Ο4
Ο5
3. If my manager in the JV gives me a positive performance
review, then my total compensation will increase.
Ο1
Ο2
Ο3
Ο4
Ο5
4. If the JV performs well overall, my total compensation will
increase.
Ο1
+1.202.742.7311
Ο2
Ο3
Ο4
www.JointVentureAdvisoryGroup.net
The JV Employee and Secondee
Engagement Survey: What you get
A custom report based on your organization’s data and our
benchmark data set
Illustrative pages from your custom report
Overall Employee Engagement Index
Your organization
Component Scores
Benchmarking average
Max = 5.0
7.0
Max = 7.3
Great rewards
2.0
2.6
Great workplace
Mean = 6.5
3.9
2.8
Great organization
2.6
2.6
Min = 3.1
Great leadership
2.9
2.1
Great job
Benchmark
(N = 15 organizations)
Outcome Score:
Intent-to-Stay
71%
52%
JV secondees
Water Street Partners, LLC
Your organization
(N = 213
respondents)
Benchmarking average
3.0
2.5
Great company
2.1
2.6
Top 5 Engagement Drivers
Your organization
Component
55%
1. Pay fairness
perception
14%
4.0
2. Recognition of
value of work
13%
3.5
66%
JV employees
Washington, DC USA
3. Ability to be
promoted
4. Management
actively seeks/
acts upon
employee input
5. Consistency in
leaders’
communication
+1.202.742.7311
Importance
Perception of
JV employees
Max = 5.0
10%
8%
6%
1.1
1.5
2.0
www.JointVentureAdvisoryGroup.net
The JV Employee and Secondee
Engagement Survey: How it works
Timeline
Frequently asked questions
Jan 2015
Have scoping
discussion/complete
survey workbook
1 week before
launch
Provide employee email
addresses (or receive
template to send out
survey yourself)
Survey
launch
(earliest – February 1)
1 week after
launch
Receive participation
update
2 weeks after
launch
Receive participation
update; send out lastchance reminder
Survey close
(3 weeks after
launch)
(latest – May 15)
Jun 2015
Receive individual
organization results
Jul 2015
Have walk-through/
discussion of results
Water Street Partners, LLC
Washington, DC USA
How much does it cost to participate?
The JV Employee and Secondee Engagement
Survey is included in the Joint Venture Advisory
Group subscription (for 2015).
My JV has no secondees. (Or: My JV is 100%
secondees.) Can I still participate?
Yes. JVs that do not have a mix of both JV
employees and secondees can still participate.
Only the relevant survey version will be
administered.
How should I use the survey results?
Once results are available, Water Street
Partners will conduct a walk-through discussion
with you via phone. During this discussion, we
will review your results, make recommendations
for next-steps, and discuss how Water Street
Partners can support you.
My JV already does an employee
engagement survey. Why should we use
Water Street Partner’s survey instead?
Water Street Partners is the world’s only firm
focusing exclusively on joint ventures. As such,
ours is the only employee engagement survey
available that is specifically designed to assess
employee and secondee engagement in the
context of JVs.
+1.202.742.7311
www.JointVentureAdvisoryGroup.net