How HR Impacts Your Bottom
Line.
Studies have
shown that a highly effective HR function can contribute 10% to
the bottom line of an organization. A first step in determining
HR effectiveness is to conduct a HR audit. A HR audit should be
assessing the following:
- Are we
in compliance?
- How effective
and efficient is our HR branding, recruitment and selection
in obtaining talent?
- Do our
HR programs and procedures support the organization and have
a positive impact on employee relations and retention?
- Do our
training and development programs focus on what the organization
needs to improve organizational effectiveness?
- How do
we evaluate the impact of our training and development programs?
- Does HR
have a strategic plan? If so, how is it aligned with the organization’s
strategic plan?
- How do
you measure HR’s effectiveness?
HR Design Solutions
is able to help organizations conduct an HR audit which in turn
provides bottom line results.
How to get and keep top employees in the
new economy.
 A
“Perfect Storm” is rapidly approaching on the employment
front which could be a major concern for employers. On one side,
you have an economic upswing and on another front employees are
generally unhappy. Both fronts are converging and if the employer
is not ready, they could suffer the consequences.
The economy
is on the upswing with employment figures coming up, durable orders
increasing, consumer confidence improving, and the GNP rising.
On the “unhappy
employee” front statistics have shown that:
- 55% of
employees are not engaged into their work
- 1/3 of
employees are intensely negative
- 64% of
the workforce plan to do an intensive job search
when the economy improves
- 48% of
middle managers are unhappy
- 100% of
employees are experiencing the highest level of discontent since
1995
On top of
that, there is a shortage of “good workers.” There
will be increases in retirement and managerial positions are projected
to increase by 25%. Is you employment and retention strategy ready
to battle this “Storm”? If not, Vince Pellettiere
helps you develop your employee retention
strategies.
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How much is turnover costing your company?
 Did
you know that the cost of losing one employee can have a bottom
line impact of 50—200% of one’s salary? How can that
be? Consider the cost of hiring a new employees, loss of productivity
of the departed employee and the time needed for the new employee
to be as productive, effect on customer retention when productivity
drops, and the cost of training the new employee. How is your
turnover rate of “good employees”? Is it impacting
your business? Do you need help with your recruitment, selection
and retention strategies? Vince Pellettiere provides you with
best practice strategies to reduce employee
turnover.
Using outside experts to investigate misconduct
just got easier.
 FACT
Act, is a new act that was enacted freeing employers to hire outside
consultants, investigators, and law firms to investigate and report
on a variety of workplace issues without first notifying targets
of the investigation or obtaining their consent. Do you know what
to do if you suspect a violation of the law, policies and procedures?
To find out more about the stay within the legal guidelines while
investigating employee miscondect, contact
Vince Pellettiere for more information.
Survey
Shows that Implementing Human Resources Practices
Lowers Turnover, Increases Profit Margin & Reduces Costs
A recent survey conducted by Development Dimensions International,
Industry Week, and Manufacturing Performance Institute revealed
that manufacturing firms that implemented "super human practices"
in recruiting, performance management, training & development,
teaming and safety & health had lower labor turnover, higher
gross profit margin, reduction in manafacturing costs and lower
scrap and rework.The key recommendations from the study were to
"commit to, and develop a strategy for excellence... it does
not happen overnight" and "obtain the skills necessary
to proceed... grow them from within or find outside assistance."
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