Most HR metrics are “so what metrics” because they don’t create a sense of urgency or drive action. In direct contrast, the metrics recommended here have been proven to spur action because they allow managers to easily see performance trendlines, what actions must be taken, and what problems are coming. …
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The Only Metrics That Matter – Business Impact Metrics (A comprehensive example covering the business impact metrics for the compensation function)
The only HR metrics that execs don’t consider to be dreaded “so what metrics” are bus. impact metrics. A Think Piece – for getting HR leaders to begin adding business impact metrics. Few within HR realize it. A whopping 70% of all variable business costs can be expended on employee …
Read More »Increase Remote Worker Performance… By Adding Personalized Performance Metrics
With few face-to-face meetings, remote workers still need feedback, so provide it through performance metrics. Yes, those working remotely no longer have the multiple opportunities to discuss any progress on their work with coworkers and managers. Fortunately, there is an alternative approach for providing feedback that may be more effective …
Read More »Update Your HR Metrics For The SEC’s Human Capital Reporting Rules
The SEC now requires listed firms to report their human capital metrics publicly, so this topic should be our #1 HR issue. However, few in HR seem even to be aware of these new requirements. No less the tremendous impact that these new public reporting requirements will have. Already in effect, the new SEC reporting rules will force HR to focus on identifying, quantifying the impact, and then publicly reporting each of its major human capital initiatives.
Read More »Ready for an HR shock? Compare Your Workforce Productivity To Every Competitor
Apple’s workforce is 9x more productive than IBM’s, and wouldn’t your CEO be mad if your productivity lagged behind that much within your industry?
Read More »Early Recruiting Steps Determine If Candidates Want to Work at Your Firm
Revelation! Did you know that two thirds (67 percent) of candidates decide on whether they would accept a job at a firm prior to their first interview? Recruiting leaders who have long treated all recruiting steps equally now need to rethink that approach. Rethinking is required because we now know …
Read More »Improve Talent Performance by Adding Prescriptive Actions to Your Metrics
This “think piece” is designed to stimulate your thinking about a major omission from your talent metrics. Can you imagine the frustration that a manager experiences, when, for example, they are presented with a metric revealing high turnover, but there is no follow up covering the actions needed to lower …
Read More »These Speed-of-Hire Metrics Will Convince Your Managers to Hire Faster
Increasing your speed of hire ranks as the No. 2 option for improving a firm’s quality of hire. The competition for talent is so high these days, that if you don’t hire extremely fast, quality candidates who apply at your firm will be gone within days because they have accepted …
Read More »7 Metrics that the Most Data-Savvy Recruiting Teams Are Tracking (Posted by Drake Editorial Team)
Posted by Drake Editorial Team. If you closely research (as I have) the top five global companies with the highest market value (Apple, Google, Microsoft, Amazon and Facebook) you’ll realize that they all have three things in common. First, they are all serial-innovation firms. Second, they are all recruiting powerhouses. And …
Read More »Without Metrics, Weak Onboarding Will Neutralize Your Recruiting Results
Think about it for a minute. You devote thousands of dollars and hundreds of management hours to recruiting, and as a result, you land a great candidate. But all that is for naught if the new hire gets off to a bad start and soon after quits because the onboarding …
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