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ROI in People
It has been called the
"Holy Grail" of organizational measurement and yet, in one
study, 80 percent of human resource decision makers are not able to do
it: state with confidence the
return on investment of individual employees. What is the right way to measure
employee ROI? It depends on your
market orientation. The specific behaviors you encourage and reinforce in
employees must be linked clearly to the way your organization competes in
the marketplace.
This simple concept poses a
significant challenge for HR professionals. In taking on this initiative keep the
following in mind: (1) ROI strategies should be unique to your business
(2) Identify performance crucial to organization success (3) Integrate
performance practices (4) Examine HR metrics you use to measure (5) Set
up your scoring system to demonstrate work practices that create value
for your organization.
For more on ROI in People,
contact E. K. Ward & Associates at 716-626-1188 or please click
here.
-- Laura K. Corey, SPHR
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OI Partners - E.K. Ward and
Associates
July
2004 Newsletter
Among the
greatest challenges that senior leaders face is their stewardship of
the organizational assets entrusted to their care. While we have become adept at
measuring fluctuations in the value of these assets, one category has
largely been taken for granted:
people...."our greatest asset." With talent development and retention
at or near the top of many corporate agendas, this issue of our
newsletter is devoted to Return On Investment in people.
Sincerely,
Anne Mahoney
Glose
OI Partners
(Williamsville, NY)
Please click on
the links below to read the complete articles.
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What Is Your Return On Investment In People?
The largest contributing factor to your organization's day-to-day
performance and profitability is hiding in plain sight on your annual
financial statement, absorbed as a huge expense within the more
easily measured operating results and key ratios.
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The Performance
Continuum
Imagine the performance continuum of your organization as ranging
from Inspired on one end to Derailment on the other. For individuals
along that continuum, organizational endorsement and career momentum
are either rising or falling.
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Release Hidden
Value
Maximize your ROI in people. ALTHOUGH MOST SENIOR EXECUTIVES say,
"People are our most important asset," these same
executives don't manage this "people asset" in the same
focused way they manage the other important assets. The reasons may be
complex, but the solution is clear. How can you unleash the value
that motivated employees can deliver? For most companies, people
represent their single ...
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Top Companies
Stepping up Efforts to Measure People, the Conference Board Reports
in New Study
Leading corporations will be increasing their investment over the
next three years to measure how people practices such as low turnover,
diversity and the engagement of their employees contribute to the
bottom line, concludes a report from The Conference Board released
today. The report is the result of a working group of leading
companies and is co-sponsored by PeopleSoft, a leading provider of
...
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2004 SHRM
Conference and Exposition
The 2004 Annual SHRM Conference and Exposition was held June 26- 29
at the New Orleans Conference Center with over 17,000 people
attending and was, by all measures, a major success. OI Partners
conducted a survey to identify the top concerns of human resource
professionals. Approximately 300 professionals participated in the
survey and clearly, the top concerns reflect that the economy is
improving and, along with the improvement, come new challenges.
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