A JOURNEY OF TRANSFORMATION Kathy Cullen-Cote Corporate Vice - - PowerPoint PPT Presentation

A JOURNEY OF TRANSFORMATION

Kathy Cullen-Cote

Corporate Vice President, Human Resources

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Driving Organizational Culture

Leading Industrial Innovation Platform and Solutions Global Software Company, $1B+ Revenue Design, Manufacture, Operate, and Service “Things” Global Network of 350K+ Developers and 1K+ Partners

THE NEED TO CHANGE

PTC embarks on a journey to pioneer the physical- digital frontier.

PORTFOLIO BUSINESS MODEL GO TO MARKET CULTURE

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OUR APPROACH

KEY ITEMS

Remove Blockers 70 top leaders alignment Support at all levels Experiential learning Sharing stories BOD Committee

MARKET-DRIVEN CURIOUS AMBITIOUS ALIGNED EMPOWERED RESPONSIBLE INNOVATIVE

New Behaviors

OUR VISION

Take a fresh look at things.

CHANGE CHAMPIONS

Employee advocates drive innovation across PTC.

INTRODUCING CHANGE MAKERS

Celebrating employees who are making A difference.

CEO WORLD TOUR

31offices 4,400+ employees

DRIVING CHANGE

Employees attend Focus on PTC sessions and Learning Labs

PTC 2020 LEARNING LABS

Objectives

• Make sense of change

and understand role in the company transformation

• Turn big picture strategy

into a tactical action plan for individual contributors and managers

• Understand the behaviors

PTC needs to exhibit to win

OUR PLAYBOOK

Employees align around our transformation strategy.

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MEASURING SUCCESS

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CHANGE READINESS INDEX – PULSE CHECK

73%

27%

Ready for Change Unsure/Resisting 2016 (Baseline)

90%

10%

2020 (Target)

81%

19%

FY2017 (Pulse)

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MEASURING OUR CHANGE

PTC Overall May 2016 PTC Pulse Oct 2016 Improvement

CHANGE READINESS INDEX SCORE*

73 81 +8%

It is clear to me what PTC's change initiative entails 80 88

+8%

I can see a clear link between my work and PTC's

• bjectives

71 79

+8%

I feel empowered to make the changes necessary to make PTC 2020 a success 63 73

+10%

Overall, I believe PTC 2020 will make PTC a better company 79 84

+5%

*Index score is an average score of the four change readiness items Scores indicate the percentage of employees who agreed or strongly agreed with each statement

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ADDITIONAL CHANGE READINESS ITEMS

Scores indicate the percentage of employees who agreed or strongly agreed with each statement

PTC Overall May 2016 PTC Pulse Oct 2016 Improvement

I can clearly explain to others the long-term strategy

• f PTC

71 81

+10%

I believe we will succeed in the change initiative 73 79

+6%

I understand the goals and objectives of the PTC 2020 initiative 77 88

+11%

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New ideas are encouraged at PTC

+31%

I believe PTC is going in the right direction

+29%

My job makes me feel like I am part of something meaningful

+16%

BOSTON GLOBE SURVEY 2012 VS. 2017

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EXTERNAL SIGNS

121 SEAPORT

Our place. Our time.

PTC AUTHORS AR ROADMAP!

PTC’s leadership in AR is put on display in a groundbreaking HBR article.

2016 2018

PTC STOCK SKYROCKETS

PTC shareholder value soars by executing three strategic pillars: Growth, Subscription, and Margin Expansion.

PTC NAMED IoT LEADER

Industry analysts

recognize PTC as the IoT leader.

TOP PLACE TO WORK

The Boston Globe names PTC a top place to work!

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WHAT NEXT

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TALENT

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Step 2: Find Top Candidates

• Standard process
• Research-backed practices
• Prioritizing for brains and passion
• Data driven decisions
• Simple to use tools
• Mandatory training

THE NEW WAY…

Define the Job Align & Plan Screen for Brains & Passion Sell the Job Predictive Index for Job Fit Competency Based Interviews

Step 1: Prepare Step 3: Hire The Best

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• Role of the hiring manager
• Stakeholders for Hiring
• Job requirements & job postings
• Structured interviewing
• Predictive Index
• Evidence based candidate comparisons

WHAT’S DIFFERENT?

OUR JOURNEY CONTINUES

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DISCUSSION Q&A