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2019 Worldcom PR Group Confidence Index South America Latam 191223140623
2019 Worldcom PR Group Confidence Index South America Latam 191223140623
Confidence
Index
2019 South American including
Latin America & the Caribbean
Report
Summary and Comparisons
with the Global Results
2
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
PART 1
The
SOUTH AMERICAN
Confidence 6 | 2019
CHART 1
0 5 10 15 20 25 30 35 40
5
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Engagement by audience
In addition to the 19 topics, we have identified the six audiences demanding the most attention from leaders. For each audience we have identified the level of
leader engagement and provided a CI score. Chart 3 ranks these audiences, with influencers getting the most attention and suppliers the least. One in three South
American leaders plan to give attention to influencers – 38% more than the global figure.
CHART 3
23.35%
Customers need the most attention
28.46%
18.72%
Employees need the most attention
16.09%
13.59%
Shareholders need the most attention
9.04%
13.90%
Government and legislators need the most attention
8.51%
4.09%
Suppliers need the most attention
1.46%
CHART 4
17.75
Employees need the most attention
34.31
19.88
Shareholders need the most attention
32.64
18.34
Government and legislators need the most attention
32.60
19.71
Customers need the most attention
31.94
17.91
Influencers need the most attention
27.63
19.21
Suppliers need the most attention
18.59
0 5 10 15 20 25 30 35 40
CHART 5
20.00
Europe
21.89
20.00
Asia
19.11
19.92
Average
25.31
19.90
Africa
19.68
North America
34.90
19.67
South America
19.10
Latin America and Caribbean
0 5 10 15 20 25 30 35 40
CHART 6
21.31
Attracting talent
18.24
0 5 10 15 20 25 30 35 40
9
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Influencers become top audience for leader attention
CHART 7
Africa 25.06%
Australasia 24.92%
10
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Employee-related topics dominate leaders’ agenda
• Upskilling and reskilling discussed half as much in South America as globally
• Employee-related topics take six out of top eight topics
• Employees have the highest CI score of all audiences
CHART 8
Six of the top eight topics in South America are employee-related. Employee-related topics dominate leader discussions
Four employee related topics are discussed less in South America 4.15%
Cybercrime
than they are globally – upskilling and reskilling, employment 18.68%
benefits, economic migration and attracting talent. Retaining Impact and role of media 10.51%
15.99%
talent and employee engagement are discussed more than globally. 11.10%
Retaining talent
11.66%
Leaders have developed a three-pronged strategy to attract and
Employee engagement 6.50%
retain the best talent: to improve productivity 7.92%
• Invest in employee engagement – the #4 topic. Economic migration 8.37%
7.47%
• Invest in employee benefits – the #5 topic
Employment benefits 9.22%
• Invest in upskilling and reskilling current employees – the #7 topic influence on success 7.47%
CHART 9
0 5 10 15 20 25 30 35 40
12
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
South America has lowest engagement of all regions for upskilling and reskilling
CHART 10
Global 15.23%
Asia 14.27%
Africa 13.52%
13
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
South American leaders are the most confident globally in their ability to upskill and reskill
CHART 11
Europe 15.95
Australasia 14.91
0 5 10 15 20 25 30 35 40
14
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Retaining talent is a source of confidence for South American leaders
CHART 12
Confidence about retaining talent by region South American leaders are confident about
their ability to retain talent. South America’s
CI score is above the global value and is the
Asia 24.36 second highest score of the seven regions. It
is 53 per cent higher than North America – the
South America 23.49 lowest scoring region for this topic.
Africa 22.24
Global 21.36
Europe 20.94
Australasia 15.47
0 5 10 15 20 25 30
15
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
South American leaders concerned about their ability to get employment benefits right
CHART 13
Asia 19.78
Africa 16.45
0 5 10 15 20 25
16
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Economic migration is a source of confidence for South American leaders
CHART 14
Asia 20.91
This is slightly higher than the global score for
the topic and 16 per cent lower than the score
South America of the #1 region, Africa.
20.80
Global 19.67
Europe 18.92
Australasia 17.79
0 5 10 15 20 25
17
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
South American leaders concerned about using employee engagement to improve productivity
South American leaders are concerned about using employee engagement to improve productivity. This ranked #7 in the region’s CI league table (Chart #2) but is
significantly below the global score for this topic. The score is 22 per cent lower than the highest ranked region – Australasia, demonstrating this needs increased focus.
CHART 15
The benefits of doing so are now clear Confidence in employee engagement to improve productivity by region
according to Ruth Dance, managing director
of the Employee Engagement Alliance the Australasia 23.09
membership organisation for engagement
professionals around the world. She believes Africa 23.01
there is a fundamental shift taking place.
Europe 21.79
Global 21.56
Organisations are proving that
focusing on the employee experience for
Asia 21.52
each individual is having an incredibly
beneficial impact. Always on, continuous
North America 20.52
listening, consistent feedback and
purpose-driven teams, are rapidly replacing South America 17.86
traditional ways of working.
Latin America and Caribbean 16.22
0 5 10 15 20 25
18
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
South American leaders more concerned than many of their global peers about attracting talent
CHART 16
Europe 21.56
Global 21.31
Africa 18.39
0 5 10 15 20 25
19
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Leaders have almost zero confidence about cybercrime
CHART 17
Africa 18.42
0 5 10 15 20 25
20
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Cybercrime most discussed topic by leaders
CHART 18
Australasia 3.67%
Asia 3.51%
21
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
The media matters but confidence in dealing with them
is the lowest of all regions
CHART 19
Australasia 18.48
Europe 18.23
0 5 10 15 20 25
22
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
South America the least confident about issues around global warming
and extreme weather
CHART 20
Confidence about global warming and extreme weather events by region Europe has the highest confidence score for this
topic at 21.49. This is almost double the score
for South America (12.69). This may be because
Europe 21.49 many European countries are seen to be leading
the way on reducing CO2 emissions. In fact, of
Australasia 20.64 the 18 countries featured in this article on CO2
reduction, 17 are in Europe.
North America 20.56
Within Europe, the UK has the highest confidence
Global 20.20
score. In fact, the UK is the most confident of all
countries (22.38). Italy has the second highest
Asia
score at 21.74.
20.14
Africa 16.50
0 5 10 15 20 25
23
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
PART 2
The Anatomy
of Confidence
and Concern in
South America
+34%
Male leaders 34 per cent more
4x
Millennials are almost
confident than females – double 4x more confident
the global gap than Gen Z
CEOs more confident than CMOs
CHART 21
19.68 18.72
25
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
CEOs more confident than CMOs for their top five topics
CHART 22
CEO
Economic migration 21.15
Both CEOs and CMOs have higher
confidence than their global counterparts
Employee engagement to improve productivity 19.57
about topics like upskilling and reskilling
and economic migration.
Upskilling and reskilling 32.98
CMO
Retaining talent 19.23
0 5 10 15 20 25 30 35 40
26
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Unlike other regions, medium and very large businesses
are most confident in South America
CHART 23
16
14
12
10
0
Small Medium Large Very Large
27
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Generation Z leaders much less confident than their millennial peers
CHART 24
Confidence by Age
The score for under 25s is significantly below
average. It is also much lower than their
25 ‘millennial’ peers and who are four times more
confident. In fact, millennial leaders are the
19.61 most confident in the region.
20 18.87
Under 25s have low confidence for issues such
as retaining talent.
15 13.59
10.76
9.04
10
4.93
5
0
<25 25-34 35-44 45-54 55-64 >65
28
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Male leaders 34 per cent more confident than females – double the global gap
CHART 25
Confidence by Gender
Male leaders are 34 per cent more confident
than female leaders in South America. This
is more than double the gap in confidence
between genders than the global result of 16
per cent.
Males are more confident than
Females in South America
19.67 14.65
29
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
South American leaders have the second lowest
CI score – just behind North America
CHART 26
Confidence by region
South American leaders have the second
lowest CI score at 19.67. This is below the
Latin America and Caribbean 19.10 global average of 19.92 and just behind
North America.
South America 19.67
34.90
North America
19.68
Africa 19.90
25.31
Average
19.92
21.89
Europe
20.00
19.11
Asia
20.00
Australasia 20.00
0 5 10 15 20 25 30 35 40
+90% #1 -35%
Confidence about Leaders most Latin America and Caribbean
Influencers is 90% higher confident about has the lowest score of all
in Latin America and upskilling and regions for attracting talent
Caribbean than globally reskilling which is 35 per cent lower than
the top scoring region – Asia
Latin American and Caribbean topic engagement - 2019
In the 2019 report we have identified the topics with the highest levels of engagement across 74 leaders from Latin America and Caribbean. We’ve focused on the
top 17. Chart 1 shows which topics were discussed most by leaders across the region. The most frequently discussed topic was retaining talent. This was discussed
by 28% more leaders than the global average. The next two topics were upskilling and reskilling and the impact and role of the media.
CHART 1
0 5 10 15 20 25 30
34
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Engagement by audience
In addition to the 17 topics, we have identified the six audiences demanding the most attention from leaders. For each audience we have identified the level of
leader engagement and provided a CI score. Chart 3 ranks these audiences, with influencers getting the most attention and suppliers the least. One in four Latin
American and Caribbean leaders plan to give attention to influencers – slightly lower than the global average. Suppliers are getting the least attention.
CHART 3
Leaders’ engagement level for audiences – Latin American and Caribbean v Global
26.35%
Influencers need the most attention
25.30%
23.35%
Customers need the most attention
22.63%
18.72%
Employees need the most attention
18.73%
13.59%
Shareholders need the most attention
16.30%
13.90%
Government and legislators need the most attention
12.41%
4.09%
Suppliers need the most attention
4.62%
CHART 4
2019 Worldcom Confidence Index by audiences – Latin American and Caribbean v Global
17.91
Influencers need the most attention
34.02
19.71
Customers need the most attention
32.58
17.75
Employees need the most attention
26.49
18.34
Government and legislators need the most attention
25.61
19.88
Shareholders need the most attention
20.73
19.21
Suppliers need the most attention
16.01
0 5 10 15 20 25 30 35 40
CHART 5
20.00
Europe
21.36
20.00
Asia
19.48
19.92
Global CI Average
25.31
19.90
Africa
19.68
North America
35.17
19.67
South America
19.10
Latin America and Caribbean
0 5 10 15 20 25 30 35 40
CHART 6
Top 5 Topics of confidence Latin American and Caribbean v Global Average Upskilling and reskilling is the only topic in
the top five for Latin America that as a higher
score than the global value.
19.55
Upskilling and reskilling
26.18
21.83
Customer satisfaction
18.55
21.00
Employment benefits influence on success
18.33
20.49
Family mentorship influences success
18.33
20.31
Competition influences success
18.17
0 5 10 15 20 25 30
38
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Influencers become top audience for leader attention
CHART 7
Global 17.91
Australasia 15.27
Europe 12.09
0 5 10 15 20 25 30 35 40
39
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Employee-related topics dominate leaders’ agenda
• Upskilling and reskilling the second most discussed topic and has the highest CI score
• Employee-related topics take four out of top five topics
• Employees have the third highest CI score of all audiences
CHART 8
Employee-related topics dominate leader discussions Four employee related topics are discussed more in Latin
America and the Caribbean than they are globally –
Retaining talent 11.06% retaining talent, economic migration, employee
14.18%
15.23%
engagement and attracting talent. Leaders have
Upskilling and reskilling
12.26% developed a three-pronged strategy to attract and retain
10.47%
Impact and role of media
12.26% the best talent:
Economic migration 8.34% • Invest in upskilling and reskilling current employees –
8.89%
the #2 topic
Employee engagement to improve productivity 6.48%
8.41% • Invest in employee engagement – the #5 topic.
Employment benefits influence on success
7.69%
9.19% • Invest in employee benefits – the #6 topic
Attracting talent 5.14%
7.69%
This is a trend confirmed by Matt Manners, CEO of
Customer satisfaction 6.17%
6.49% the Employee Engagement Awards: “In the last five
Cybercrime 4.14% years we have seen the area of employee engagement
5.77%
3.91%
become more strategic, with much greater support
Financial /economic influences on success
5.05% from business leaders. The entries to our most
0% 2% 4% 6% 8% 10% 12% 14% 16% recent North American awards clearly demonstrate
the business value delivered by making employee
LATIN AMERICA & CARIBBEAN GLOBAL LATIN AMERICA & CARIBBEAN GLOBAL
engagement part of the DNA of a business.”
40
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Employees has the third highest CI score for audiences
Leaders in Latin America and Caribbean are confident about their ability to connect with employees. This is as highlighted by a high CI score of 26.49. This is 33 per
cent higher than the Global CI average score.
CHART 9
0 5 10 15 20 25 30 35 40
41
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Upskilling and reskilling important to leaders agenda in Latin America and Caribbean
but less so than five other regions
CHART 10
Asia 14.27%
Africa 13.52%
42
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Latin American and Caribbean leaders are confident about their ability to upskill and reskill
Latin American and Caribbean leaders are confident about their ability to upskill and reskill. The Latin American and Caribbean score of 26.18 is significantly
higher than the global score. It is also the only topic in the region that has an above global CI average score. It is the third highest of all regions and almost
double the CI score for Australasia, the lowest scoring region. It is also the highest scoring topic in Latin America.
CHART 11
Africa 28.80
Asia 23.66
Global 19.55
Europe 15.95
Australasia 14.91
0 5 10 15 20 25 30 35 40
43
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Retaining talent is a cause for concern for Latin American and Caribbean leaders
CHART 12
Confidence about retaining talent by region Latin American and Caribbean leaders are
concerned about their ability to retain talent.
The Latin American and Caribbean CI score is
Asia 24.36 below the global value and is the third lowest
score of the seven regions.
South America 23.49
Asia has the highest CI score for this topic - 45 per
Africa cent higher than Latin America and Caribbean.
22.24
Global 21.36
Europe 20.94
Australasia 15.47
0 5 10 15 20 25 30
44
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Latin American and Caribbean leaders concerned about their ability to get employment benefits right
CHART 13
Africa 16.45
0 5 10 15 20 25
45
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Economic migration is a concern for Latin American and Caribbean leaders
CHART 14
Europe 18.92
Australasia 17.79
0 5 10 15 20 25
46
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Latin American and Caribbean leaders concerned about using employee engagement to improve productivity
Latin American and Caribbean leaders are concerned about using employee engagement to improve productivity. This ranked #10 in the region’s CI league table
(Chart #2). This is below the global score for this topic and is the lowest of all regions - 30 per cent lower than the highest ranked region – Australasia. It’s an area
that leaders may want to focus on more.
CHART 15
The benefits of doing so are now clear Confidence in employee engagement to improve productivity by region
according to Ruth Dance, managing director
of the Employee Engagement Alliance the Australasia 23.09
membership organisation for engagement
professionals around the world. She believes Africa 23.01
there is a fundamental shift taking place.
Europe 21.79
Global 21.56
Organisations are proving that
focusing on the employee experience for
Asia 21.52
each individual is having an incredibly
beneficial impact. Always on, continuous North America 20.52
listening, consistent feedback and
purpose-driven teams, are rapidly replacing South America 17.86
traditional ways of working.
Latin America and Caribbean 16.22
0 5 10 15 20 25
47
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Latin American and Caribbean leaders more concerned than any of their global peers about attracting talent
CHART 16
Global 21.31
Africa 18.39
0 5 10 15 20 25
48
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Leaders very concerned about bad behaviour such as sexual harassment
CHART 17
Asia 18.67
Africa 14.81
0 5 10 15 20 25
49
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
The media matters but confidence in dealing with them is relatively low for
Latin America and Caribbean
CHART 18
0 5 10 15 20 25
50
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Leaders are concerned about global instability and the threat of war
CHART 19
Latin American and Caribbean leaders are Confidence about global instability and the threat of war
concerned about global instability and the
threat of war.
Europe 21.19
This topic has the third lowest CI score in Latin
America and Caribbean (see chart #2). At 14.22 it Australasia 20.98
is below the Global CI average score and is the
second lowest score of all other regions. North America 20.69
Global 19.47
Asia 18.02
Africa 15.88
0 5 10 15 20 25
51
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Latin America and Caribbean concerned about issues around global
warming and extreme weather
CHART 20
Confidence about global warming and extreme weather events Latin America and Caribbean has the second
lowest score for this topic at 13.82. Europe,
the most confident region has a score 55 per
Europe 21.49 cent higher (21.49).
Australasia 20.64
Global 20.20
Asia 20.14
Africa 16.50
0 5 10 15 20 25
52
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Leaders are concerned about the way political leaders communicate
on social media and how it impacts businesses
CHART 21
Latin American and Caribbean leaders are Confidence about the way political leaders communicate on social media and how it
concerned about the way political leaders impacts the business
communicate on social media and how it
impacts businesses. Australasia 23.09
Global 20.93
Africa 18.42
0 5 10 15 20 25
53
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
PART 2
The Anatomy of
Confidence and Concern
in Latin America and
the Caribbean
+147% +57%
Very large businesses Latin American and Caribbean
+18%
CEOs more confident
more confident than leaders significantly more than CMOs
very small businesses confident in upskilling and
reskilling than the global result
CEOs more confident than CMOs
CHART 22
19.00 16.04
55
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
CMOs more confident than CEOs in two of their top five topics
CHART 23
Employee related topics only show twice in the Family mentorship influences success 17.52
CEO
CEOs’ top five CI scores but show four times in Employment benefits influence on success 17.45
the CMOs’ top five. Confidence in upskilling and
Customer satisfaction 17.38
reskilling is significantly above global average
for both roles but particularly for CMOs which
has a score of 28.6 – 57 per cent above the Upskilling and reskilling 28.60
global result for CMOs.
Economic migration 19.74
CMO
Retaining talent 15.20
0 5 10 15 20 25 30
56
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Very small businesses significantly less confident than very large businesses
CHART 24
14
12
10
7.68
8
0
Very Small Small Medium Large Very Large
57
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Baby boomers have highest confidence – 24 per cent above those aged 35-44
CHART 25
Confidence by age
Baby boomers over 65 are the most confident
age group in this region. They are 24 per cent
20 19.00
more confident than those aged between 35
17.60 17.60
and 44. 16.66
15.27
15
10
0
25-34 35-44 45-54 55-64 >65
58
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Male leaders more confident than female
CHART 26
Confidence by Gender
Male leaders are 3.5 per cent more confident
than female leaders but are have a CI score 11
per cent lower than the average global score
of 21.25.
Males 3.5% more confident
than Females in Latin America
& Caribbean
19.00 18.36
59
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Latin American and Caribbean leaders have lowest confidence of all regions
CHART 27
Confidence by Region
Latin American and Caribbean leaders have
the lowest confidence score of all regions. It is
five per cent lower than the top scorers Asia, Latin America and Caribbean 19.10
Europe and Australasia.
South America 19.67
34.90
North America
19.68
Africa 19.90
25.31
Average
19.92
21.89
Europe
20.00
19.11
Asia
20.00
Australasia 20.00
0 5 10 15 20 25 30 35 40
60
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
PART 3
Methodology
A new, breakthrough
AI-fuelled approach
Using a new method to enable robust comparisons
By using ASI’s AI tool, Polly, we were able to capture and analyse the
online contributions, in nine languages, of 58,374 business leaders.
This enables us to identify which topics were highest on the leadership
agenda, and how confident or concerned leaders were about the topic.
62
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT
Using the differential confidence method to enable robust comparisons
Using the total sample size confidence, the expected number of of large Canadian companies as 16per cent. This is the differential
confident responders was extrapolated. For example, if the sample for confidence method.
CEOs of very large (1000+) companies in Canada is 253 people, then
In most cases, the differential confidence is the same as the raw
the expected confident responders is 53 people (253* 21per cent).
confidence, which is the ratio of confident responders divided by
The actual number of confident respondents is compared against the the number of people in the sample. In the above example, the raw
expected number and the difference is calculated. To further illustrate confidence is also 16per cent: 41 Confident responders / 253 CEOs in
the concept, if 41 CEOs of very large (1000+) companies in Canada the sample.
were confidently engaged on retaining talent, the difference is 12 less
The differential confidence differs from the raw confidence when
people than expected (53 – 41).
the sample for a segment (i.e. Job title) is small or the confident
The ratio of the difference is calculated and added to the average engagement is small. In these cases, the small denominator may
confidence. Continuing the above example, 12 less Canadian CEOs exaggerate the change in confidence. The differential confidence
is a decrease of 5 per cent (12/253). Five per cent is subtracted from minimizes the impact from small denominators, allowing accurate
the average confidence of 21 per cent giving a confidence for CEOs comparison between segments no matter the size.
63
THE WORLDCOM CONFIDENCE INDEX 2019 | GLOBAL REPORT - SOUTH AMERICA AND LATIN AMERICA & CARIBBEAN SUMMARY
Creating a representative sample and
comparative data
A sample of 58,374 individuals who fit the ‘global business leaders’ • Demographic splits
classification was constructed from publicly available social media
information using a patented process known as Conditional
The following demographic details were collected as part of
Independence Coupling. Polly (ASI’s AI) analysed the social history the methodology.
of the sample for the previous 12 months and determined if a person
was engaged on a particular topic. If a person was engaged on the • Role
topic, the AI measured if the engagement indicated confidence in Only contributions from CEOs or CMOs/CCOs were captured.
the topic (I am not worried about this area) or concern toward the
topic (I am worried about this area). • Gender
For each topic, the percentage of people in the sample who
engaged confidently on the topic was measured. For example, if
• Age • Business size
5,137 people were confidently engaged on “retaining talent”, this is Participants were Four sizes groups were created:
an 8 per cent confidence (5,137 / 58,374). grouped in six • Very small 50 to 100 employees
age ranges: • Small 101 to 250 employees
• Under 25 • Medium 251 to 500
• 25-34 • Large 501 - 1000
• 35-44 • Very large Over 1000 employees
When changing methodologies, comparing against past numbers can be tricky. In many
cases the best approach is treating the new data independently from the old. Because • 45-54
online data is persistent, the calculations run for 2019 can be repeated on 2018 data. The
2018 calculations are compared against the previous methodology. Model heuristics are • 55 - 64
adjusted for the best match against the previous study. While not all numbers exactly
match, most agree within statistical significance.
• Over 65
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PART 4
Worldcom’s seven
communications
recommendations
to increase the
probability
of success
The need for Purpose driven communications
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I’m not surprised employment benefits
features so highly on the leadership agenda.
If you want to win the war for talent and make
people more productive, you need to get Make your organisation’s Purpose a
the total rewards mix right. This increasingly magnet for the best talent
includes some potentially surprising areas such As we predicted last year, many organizations have
increased their investment and activity to compete
as providing employees advice for financial
for the best talent. They are now investing in an array
wellbeing. Our own research shows that you can of areas to improve the employee experience to keep
people loyal. Central to success in this area will be
undermine all your good work if you pay people
how committed you are to enabling your people to
late or make mistakes with their payroll. This has develop, and to link this personal development to the
an incredibly damaging impact both on employee achievement of the organisation’s Purpose.
John Petter
CEO Zellis
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1
Differentiate your employer brand by promoting how
you engage employees to deliver the organisation’s
Purpose. Show how your employee benefits reinforce
your values and behaviours.
In our 2018 report we recommended all organizations involve For example, if your core values say that you want to create a strong
employees in defining the values and behaviours. This year we sense of community in the workplace, then the way you provide
recommend companies build on that by promoting how they coffee needs to help build that sense of community. The Leesman
involve their people in delivering the Purpose for the company. Index identifies how the workplace drives employee sentiment. Their
Setting up a careers channel on YouTube, which highlights the role report shows that coffee is more important than you may think.
and contribution of employees, is a very simple way to do this.
If your values say you want to create a happy and healthy workplace,
The 2019 Confidence Index shows that getting employment benefits then we recommend your review all your internal processes – with
right is vital to attracting and retaining the best talent. But employee the involvement of your people – to make sure that you don’t do
benefits have evolved well beyond including things like free coffee, things that undermine that goal. For example, research by Zellis
or quirky benefits like duvet days. Consequently, we recommend shows that making mistakes with payroll or paying it late – can have
companies take a holistic approach to benefits that ties them to the a very negative impact on mental wellbeing, financial wellbeing,
Purpose and core values. employee retention and your employer brand.
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2 3
Link personal development to Support your Employee
your Purpose so that employees Engagement program by
recognise how their development training all managers to operate
adds value to the organisation. by the tenets of the SCARF
Use this to drive your upskilling neuroscience framework.
and reskilling decisions. The 2019 Confidence Index demonstrates that many
We recommend that organisations make it very leaders now see employee engagement as part of
explicit how personal development contributes the DNA of a business. For engagement programs to
to the achievement of the Purpose. Too often we be effective, however, every line manager needs to
have seen a disconnected approach to learning and understand how to energise and involve each individual
development that confuses employees about how in their team. We recommend training all managers to
their daily performance adds value. By making these operate according to a neuroscience framework called
connections stronger, you will not only reinforce the SCARF. This provides each employee with the five
reasons why people joined the company but also innate needs their brain has for them to feel a valued
create tighter emotional bonds that aid the retention and connected part of the organisation. The impact on
and attraction of talent. productivity, innovation, business change, and employee
happiness can be transformational.
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Make sure you actively influence the achievement of your Purpose
The 2019 Index identifies the increasing importance of influencers and the need to make sure that the reputation of your business and brand is not only
protected but grows in power and influence.
4
Behave like a confident organisation by making it clear to all audiences
that the organisation has a very clear Purpose and a plan to achieve it.
This includes explaining how the organisation will respond to the macro
level challenges it may face.
Macro level issues such as global trade tariffs, extreme weather events, the threat of war etc., have increasing
influence on success. Employees, customers, shareholders, suppliers and influencers want to understand
how an organisation will respond to those challenges.
If you make the approach you plan to take very clear, it will satisfy one of the key tenets of SCARF – providing
certainty. By explaining what will happen next, you will build confidence and eliminate the anxiety caused
by the unknown. We recommend that the way you describe your Purpose explains how you will operate
effectively in a changing and increasingly challenging world. This level of foresight and forward planning
will demonstrate a high level of confident leadership.
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5 6
Carry out regular risk/threat Identify who will have the most
assessments and crisis response tests influence over the success of your
to protect your brand and reputation. organisation and build programmes
The same recommendation was in last year’s report. The to develop effective relationships
2019 Index shows that challenges never go away and with them.
nor do the expectations that leaders will rise to them
Business leaders have identified that influencers need
to enable the organisation to succeed. However, this
more attention. The definition of ‘influencer’ will depend
year’s Index shows that leaders are much less confident
on what your organisation is trying to achieve. It could
about their ability to protect a brand in a crisis. It is
include traditional influencers such as journalists and
therefore essential that frequent risks assessments are
bloggers, as well as other business leaders, activists,
carried out.
academics, researchers and analysts.
The conclusions of these risk assessments should
We recommend that you review your Purpose and
then inform updates to crisis and issues policies and
the barriers to achieving it. Armed with the clarity
procedures. By demonstrating that an organisation is
this provides, we recommend you identify and
prepared for the worst, it will further demonstrate the
communicate with the influencers that can help you to
leadership’s confidence in the ability to achieve the
lessen or remove barriers to action, and those that can
organisation’s goals.
help to accelerate your success.
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7
Help your customers to buy-in to your Purpose
and show how it will satisfy their needs.
Our study shows that confidence in the ability to satisfy customers has fallen since 2018. One of the
possible explanations may be that customers are very uncertain about how macro scale changes
may impact an organisation’s ability to meet their needs. For example, the British Government
published its Yellowhammer Factsheet to explain how the Government is preparing to mitigate
the potential reasonable worst case scenario impacts of Brexit, if the UK leaves the EU without a
deal. As a result, millions of UK consumers may now have doubts about the ability of their chosen
supermarket to meet their daily shopping requirements. In this case, it would make sense for UK
supermarkets to make it clear what steps they are taking to protect supplies. This will not only
inspire confidence that the supermarket is prepared to meet the challenge, but also show that it
cares about meeting consumer needs.
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Useful links
If you would like more information on the topics raised in this Report, you may find the links below helpful.
https://advancedsymbolics.com
https://www.wired.com/story/ios-hacks-apple-response/
https://www.ee-awards.com/blog/
https://www.advancedsymbolics.com/wp-content/uploads/2019/06/CIC-Whitepaper.pdf
https://www.ee-awards.com/engagement-101/
https://www.zellis.com/blog/research-one-in-five-employees-has-quit-job-over-poor-
payroll-experience/
https://ee-awards.com/content/ebooks/ebook-the-future-of-work-insights-from-global-
engagement-101-influencers/ https://www.leesmanindex.com/research/
https://learning.linkedin.com/resources/workplace-learning-report-2018 http://worldcomgroup.com/scarf-framework
https://the-eea.com/
https://brexitfacts.blog.gov.uk/2019/09/12/yellowhammer-factsheet/
https://en.wikipedia.org/wiki/Me_Too_movement
https://worldcomgroup.com/resources/confidence-index
https://www.bloomberg.com/news/articles/2019-09-13/nobody-benefits-from-a-u-s-china-
https://worldcomgroup.com/resources/confidence-index-regional-country
trade-war-with-no-end-in-sight
https://www.bloomberg.com/news/articles/2019-09-09/the-massive-cost-of-not-adapting-
to-climate-change
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Worldcom’s Board of Directors
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© 2019 The WORLDCOM Group, Inc.
Contact us
If you would to inspire direct action from your
stakeholders in a way that delivers immediate
results and lasting outcomes – or discuss the
content of this document, or its recommendations
- please contact:
Todd Lynch
toddlynch@worldcomgroup.com
Crispin Manners
crispinmanners@worldcomgroup.com
If you would like to receive helpful insights and other white papers and reports,
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