360HR Solutions Newsletter

If your organisation was to truly evaluate the effectiveness of its operations and strategic direction, why wouldn’t you include in this analysis your HR systems, processes and procedures? ?

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A lot of businesses underestimate how important it is to assess and evaluate how well they engage, manage and retain their staff let alone the systems and processes required to ensure excellent engagement, performance management and retention levels and low turnover rates.?Being oblivious to these facts can be a costly mistake in business.?

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Cost control (managing or reducing costs and enhancing operational efficiency) using measures such as cost per hire, turnover rates, payroll spent and the cost to develop an employee up to the required standard to obtain a return on your investment, are just as critical in financial management terms, as are the triple PPP bottom line. ?

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Value creation (ensuring that HR activities are aligned with the organisation’s strategic objectives) using strategic measures and activities such as change in employee mindset, customer satisfaction with the company’s hiring processes, extent to which information is communicated to its employees is also important.

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So, how does a business understand the costs of employing, retaining, and exiting employees, you use HR analytic tools such as a ‘balanced score card’. ?It links an organisation’s people, strategy, and performance through HR’s strategic contributions. It also identifies if a business has cost control over its operations and is creating value for its people, customers and community through its reputation.

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Contact: Belinda Williams – HR Consultant at 360HR Solutions to find out how you can understand your company’s HR Scorecard today!???M: 0477872194 or E: [email protected].