LEAD Magazine Issue 2019 | Page 18

LEAD MAGAZINE | 2019 PAUL TER WAL THE ROLE OF THE VALUE-TO- PROFIT MODEL IN 21ST CENTURY ORGANISATIONS: How employee engagement impacts both corporate goals and profitability: Happiness Makes Money Management models, like Sustainable Leadership, that help us understand more about employee engagement, core values, accountability and employability are becoming increasingly valuable in these uncertain times. Good as these models are, I believe there is a lack of ‘glue’ uniting them as a cohesive whole. In my view, a key component of the uniting glue is employability and this is what I built into the Value-to-Profit model. The criticality of employability Employability is a critical concept for successful employees in the 21st- century, whether they are a high-ranking executive, an office junior, or a machine floor operative. All need to know what their employability is and what impact it can have over the long term especially for our Happiness. From a formal perspective, employability can be defined as: “The ability of a working individual to find added value for himself or herself in performing work, and through that work and deliver added value to an organisation, both now and in the future.” To me, the most appealing part of this definition is the idea that employability belongs to the employee, and not to the employer. This represents a considerable shift in mindset for many individuals – and also for many employers. 95% of the employers still believe that productivity 18