Follow Dallas Linkedin
Email Dallas Email
Business Growth
May 15, 2015

HR Research Reveals Insightful Metrics That Leaders Must Overcome

Sponsored Content provided by Dallas Romanowski - Managing Partner, Cornerstone Business Advisors

Capturing data within the human resources (HR) management function offers insight about employees and managers that can help leaders improve performance and team engagement.
 
For example, recent research by John Sullivan, Ph.D. shows that: 

  • New hires are more likely to quit on their one-year anniversary than any other time.
  • Sales people are five times more likely to quit in December than any other month.
  • Only 12 percent of CEOs are confident in their human capital metrics.
The finance, sales and operations functions are well-known for capturing data and producing metrics to analyze performance. Unfortunately that’s not always the case with HR. If you happen to be in this boat, it’s not difficult to get started with data. 

So what HR metrics are important to evaluate?

1. Employee Performance Expectations
  • If you’ve done a good job defining business goals, you should be able to develop employee performance expectations that align with your business goals.
  • Comparing actual performance among the same positions, business functions, managers and geography will provide insight that leaders can act on. 
2. Cultural Health
  • Culture health is often the most ignored aspect of evaluating a company’s performance because metrics are not put in place to measure. However, with our Performance Culture Performance Management Platform you can easily accomplish this.
  • If you’ve defined your company’s core values and required workplace behaviors to be successful, you can use these values and behaviors as part of your performance management and coaching process. Performance Culture enables you to transform the measurement of cultural health from a very subjective process to an objective management evaluation.
3. Workplace Satisfaction
  • We all want team members who are very satisfied at work. Asking employees about their satisfaction on a quarterly basis will help leaders keep a pulse on their team. Circumstances can change quickly, so if you only check on satisfaction once a year, you could be asking the question too late.
Capturing this type of data within your company will add value over time since you will be able to spot trends that will help you hire better and improve your team’s synergy. Remember: What gets measured gets done and what gets rewarded gets repeated.
 
The Cornerstone Business Advisors team includes former C-Level executives, successful entrepreneurs and advisors who offer unmatched experience in delivering advanced, custom-tailored, results-oriented solutions for business leaders. Cornerstone has worked with hundreds of companies that range from fast-growth start-ups to Fortune 500 corporations. It developed the Performance Culture System™ to help clients implement best practices and drive high performance throughout their organization. For more information, visit www.PerformanceCulture.com or email [email protected].

Other Posts from Dallas Romanowski

Bizjournalblockad
Ico insights

INSIGHTS

SPONSORS' CONTENT
Mike stonestreet 300x300

Leasing in a Community Association

Mike Stonestreet - CAMS (Community Association Management Services)
Burrus rob headshot 300x300

The Rise of Artificial Intelligence: What Does It Mean for Our Region?

Robert Burrus - Cameron School of Business - UNC-Wilmington
Webilm julieformal kellystarbuckcom mg 5471

Business is Growing at the ILM Business Park

Julie Wilsey - Wilmington International Airport

Trending News

VentureSouth Starting Wilmington Angel Investment Group

Johanna Cano - Apr 23, 2019

Local Boat Slip Marketplace Startup Wins NC IDEA MICRO Grant

Johanna Cano - Apr 24, 2019

Coastal Carolina Curling Club To Slide Into Own Facility

Johanna Cano - Apr 22, 2019

First New-Panamax Ship A Harbinger Of More Business For Port Of Wilmington

Jenny Callison - Apr 23, 2019

Analysts Expect Live Oak Bancshares To Report Lower Q1 Revenues

Jenny Callison - Apr 24, 2019

In The Current Issue

Building Up Health Care Innovation

When New Hanover Regional Medical Center launched its Innovation Center last year, it sought to foster and test creative ideas for improving...


Tackling A Lag In Housing Starts

Housing starts dropped last year in New Hanover County, due in part to Hurricane Florence, and challenges remain even as permits have recent...


Hamilton Looks To Redefine The Entrepreneur

Entrepreneurship isn't limited to a select few, says Brian Hamilton, co-founder and CEO of Sageworks, who has been spreading that message i...

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`
Transporting the Future - Power Breakfast 3.12.2019
Health Care Heroes 2018