Did you know that companies with highly engaged workforces outperform their peers by 147% in earnings per share? (Gallop Poll 2016) That is a pretty significant number. But getting them engaged, and keeping them there, is the trick. Actually, there is no hocus pocus here. It’s what good talent management practices are all about.
This is a tall order for organizations that are still struggling with aligning their people effort to their overall strategy. Most leaders come into organizations with good intentions. Then, often throw their hands in the air because the task can be overwhelming. Where do you start? I talk about “honest observations” in assessing what to do to begin your journey to HR excellence. But it really starts with having some candid, open and honest conversations. You can do that through an HR assessment.
Let’s talk about HR assessments
The HR Assessment is about getting an HR tune-up so that we can raise engagement, increase productivity and leverage the knowledge base that is our human capital. You have to ask the right questions and provide the right environment for honest feedback. Once you have that feedback, you can prioritize and create an action plan. Kind of like going to the mechanic to get a tune up on your car and he says “we need to talk!” Then he lays out a plan of repairs, you prioritize based on time and money, and you start moving forward “fixing’ what’s been neglected.
When we neglect our people, processes and (technology) products, we start to work inefficiently, become ineffective as leaders and lose talent from our organizations.
Badly managed teams breed poor performing companies
Only ten percent of people naturally possess high talent to manage. So, we have to enable our workforce by clearly defining roles, aligning goals to outcomes, and creating an atmosphere of continuous learning. And, if we use this approach across the organization, we drive improvement through our HR programs and can start to measure success through increased productivity, better customer ratings and higher profitability.
Let me help you get started on your Journey to HR Excellence. Download the HR Assessment worksheet and other tools at:
Start your journey today. Destination Excellence!