Encouraging your team or staff to pursue a non executive board appointment is a core element of any professional development plan and will provide a significant return on investment.
A professional development offering for companies wanting to increase engagement & reduce the churn of their people by supporting them to gain a non executive board appointment in addition to their current role – thereby: saving on recruitment costs; increasing productivity & strategic leadership skills and developing new business opportunities - without loss in productivity.
Increasing Engagement & Reducing Churn
A typical professional services firm has just a 65% people engagement score resulting in churn that reduces expertise - costing time & money. As such, companies are searching for creative ways in which their people more engaged with with their work and organisation.
The Benefits of a Board Appointment
Board appointments support career growth and engagement whilst also increasing an employee’s own contribution and satisfaction level. Further, those who have board appointments have been proven to be better strategic thinkers, have more board level relationships and work more comfortably with board level clients; foster growth in their own careers and; become increasingly satisfied with their contribution to their own organisation.
However, recognising the benefits of board appointments for your people is not enough and governance training does not automatically drive a board appointment or address key engagement drivers.
A recent study* of people in professional service companies including law, accountancy and finance firms found the following disturbing statistics:
- Employees only had a 64% overall engagement score
- 48% of responders thought about looking for another job ‘more than rarely’
- A massive 42% did not see themselves working for the same company in 2 years’ time
This means reduced output and staff churn - the costs of churn alone (regardless of type, industry, company, etc) is commonly regarded as:
- at least 20% of an employee’s salary or annual wages
- Up to 200% of salary for top level executive turnover
The same study found that three drivers particularly improved employee engagement and productivity, while reducing employee churn, thus saving time and money. They were:
- Learning and Development: Providing (a) career opportunities; (b) developing new skills
- Leadership - developing high-level leaders who can shape and guide a company’s strategy.
- Social Responsibility: ingrained now into the fabric of most companies and needs now to be maintained.
‘Individual employees and their employers need to take responsibility for the finding of, and preparing for, non-executive Board roles as part of a career development plan’
Companies are always looking for creative ways in which their people: can become more engaged with their company. Board appointments have been proven to help your people to: develop professionally (strategic thinking), develop better board level relationships, work more comfortably with board level clients; foster growth in their own careers and; become increasingly satisfied with their contribution to their own organisation.
Recognising that a board appointment is right for your people is however, not enough. Whilst governance training is valuable it does not drive a board appointment or address key engagement drivers. It is therefore critical that your people understand the challenges of gaining a board appointment but also have the skills and knowledge to make this aspiration a reality.
Enquire about how Board Appointments UK can help your people gain board appointments and increase engagement by emailing [email protected]
Corporate & Individual Benefits
Individual: √ A full understanding of the Board appointment process √ New board level connections – personal and professional √ Stronger relationships with their own company’s Board √ Better interactions with Board level clients √ Board interview & application skills √ Greater strategic perspective
Employer: √ Reduced churn - greater people retention √ Recruitment time & cost savings √ Greater staff motivation and engagement √ Professional development output √ Expanded Board level networks and connections √ Partner/executive outplacement support √ New business development opportunities
Our Corporate Offering
Board Appointments offers access to the UK's largest and most diverse list of board vacancies - across the public, private and not for profit sectors.
Your people will have full access to all our listed vacancies plus, should you like we can offer to write each participant a board CV that will increase their chances of being appointed. Further, we run bespoke in house Board Search events that train people in how to go about finding and gaining a board appointment.
We have three different individual packages to choose from - each build your people's ability to find and gain board appointments.
Specifically our membership options include:
- ACCESS PACKAGE - Access to over 3000 board vacancies each year - the largest and most diverse list of board vacancies.
- ACCESS(+) PACKAGE - All the board vacancies, a board CV & a LinkedIn profile update.
- EXECUTIVE PACKAGE - All the board vacancies, a board CV & LinkedIn profile written for you plus the Board Search Course.
Find out more
Enquire about our corporate membership options by emailing [email protected] we will contact you directly to discuss the right corporate package and discount for your organisation.
About Board Appointments
We are a leading international Non Executive Director and Board Career support firm - dedicated to assisting our members to find suitable board roles and get appointed.