People Practices: 4 Key ROI Areas of Focus in Human Resources

Shelley SmithBlog, Workplace Wellness

4 Key ROI Areas of Focus

Human Resources is typically brought into a company with the intent of bringing standards into an organization. Getting to the real “people” side is another thing. If it is implemented right, it will yield high returns in the life cycle of each employee. You can truly ROI everything including your Human Resource Department’s outputs.

4 KEY ROI AREAS

Here are 4 milestones and a high-level checklist for proper implementation. The goal and the return on the investment resides within your turnover, retention, production and your Employee Lifetime Value (ELTV). When they start, to fully contributing, to their decision to leave,  and until their last day.

1. Hiring (Right Person, Right Job, Right Company, Right Culture)

  1. Understanding the job expectations
  2. Gain agreement from 3 to 5 shareholders on the expectations and needed motivational drives.
    1. Hiring Manager
    2. Training Manager or employee
    3. Immediate Supervisor
    4. Second level stakeholder
    5. Employee successfully living the job now
  3. Job postings include the job expectations and motivational drives needed
  4. Using tools such as Predictive Index Behavioral and Cognitive assessments to confirm job alignment prior to beginning the interview process
  5. Proper behavioral interview questions to confirm or investigate needed job profile to individual behavioral fits and gaps based on assessments

2. Onboarding

      1. Development of not only the paperwork needs but the people motivational needs
      2. Onboarding days and weeks are aligned with the person’s individual behavioral motivations
      3. Clarify of job expectations and ongoing feedback, starting day one
      4. Integration into company culture expectations and boundaries of accountability and respect

3. Development

      1. Development of both soft and hard skills, clear paths by position
      2. Mentor programs
      3. Entry, Mid and Executive Leadership programs ongoing
      4. Reward and recognition

4. Culture

    1. Clarity of norms
    2. Clarity of boundaries
    3. Ensure accountability
    4. Analyze, Develop, Design, Implement and Evaluate on an ongoing basis and pivot as needed
    5. Go beyond core, consistent alignment with company vision, mission, values to those of individual contributors

FOR MORE INFORMATION

For more information about Human Resources ROI, Company Culture, Reduction of Turnover, Increased Retention, Predictive Index and more…

My name is Shelley Smith, your Culture Curator. A company’s culture can make or break the long-term success and overall profitability. Your employees must be aligned with your mission, vision, and values. Their behavioral needs must be congruent with the needs of your culture and motivated to those needs daily. If you would like to know more about this process of inquiry please contact me directly at Shelley@PremierRapport.com or visit me on my websites to learn more www.ShelleyDSmith.com and www.PremierRapport.com. Calling all Culture Curators to join the conversation, for more information about membership, join-me.