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
Screenshot2022 01 06at338 162234623

Genesis Block Targets Contract Conversion with MED Week Event at The Wilson Center

Girard Newkirk - Genesis Block
Mel profilephoto

Otter Pups Update By The NC Aquarium at Fort Fisher

Mel Beasley - Wide Open Tech
Ubs chadpearson headshotresized

The Three Dimensions Of Selling Your Business

Chad Pearson - UBS Decision Point Wealth Consulting

Trending News

Tenants Operating And Staffed At New Brunswick Industrial Center

Johanna F. Still - Sep 26, 2022

Hurricane Ian Impacts Could Reach Carolinas On Thursday

Staff Reports - Sep 27, 2022

Vantaca Receives Funding To Accelerate Growth

Johanna Cano - Sep 27, 2022

Hamrick Joins Business Journal Newsroom

Staff Reports - Sep 27, 2022

CFCC Announces Appointment Of Vice President Of Academic Affairs

Staff Reports - Sep 27, 2022

In The Current Issue

MADE Winners: Manufacturer Category

The Manufacturer Category includes companies that mass-produce goods mass-produced in the Wilmington area....


Economist Studies What Makes Region ‘tick’

The role of regional economist appears suited for Mouhcine Guettabi’s skill sets and interests: it entails teaching, independent research, a...


Spotlighting This Year’s MADE Awards

Each year, the MADE Awards program brings attention to manufacturers and makers in the Cape Fear region....

Book On Business

The 2022 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100