Metrics

How to recoup training costs when new employee quits

09/13/2011

It’s expensive to train employees, especially if the job is highly specialized. Smart employers protect their investments by having new employees sign an agreement to repay training costs if they leave soon after receiving the valuable benefit. Here’s how to recoup those costs.

5 ways to get your execs and managers to love HR!

08/05/2011

If I had a dollar for every time I’ve heard an executive complain about HR. Why the bad rap? Is it deserved? What’s more, how does HR change it? HR professionals can build positive relationships with the C-Suite and management by following these five steps.

3 ways to tell if your wellness program is paying off

07/21/2011

Congratulations! You’ve cleared the first wellness hurdle: Executives have finally agreed to implement a wellness program. But now they’re asking for hard evidence that the company’s financial investment in the program will pay off. If measuring your program’s ROI seems akin to scaling Mount Everest, take comfort in the fact that more and more employers are successfully making the climb.

Shift recruiting, retention priorities to beat ‘talent paradox’

02/17/2011

The challenges facing HR pros who specialize in talent, compensation and benefits are dramatically different today than they were just a year ago. At Deloitte Consulting, we call it “the talent paradox”—the apparent contradiction that occurs when unemployment is still relatively high, yet companies still are seeing significant shortages in critical talent areas.

When new employee quits, know the legal way to recoup your training costs

01/28/2011

The ‘rookie metric’: How to track quality of new hires

11/12/2010

Your organization likely tracks the individual performance of current new hires to determine their contribution. But most employers don’t measure and compare the aggregate performance of new hires year after year. There are different approaches to measuring quality of hire, but these two are among the most effective and widely used, according to HR consultants:

N.C. firm posts 178% ROI by putting benefits online

10/19/2010

Raleigh, N.C.-based Morganite Industries has reaped a 178% return on the investment it made to put its benefits enrollment, communication and data exchange online. It took only seven months for the 2,500-employee organization—which provides tax, benefits, health, safety and financial services for its parent company, Morgan Crucible—to recoup its initial investment.

Outsourcing, recession make HR-to-staff ratios less precise

10/11/2010

While there is no “correct” HR-to-staff ratio, one HR professional per 100 employees is a generally accepted starting point. But HR-to-staff ratios have become less precise—and harder to interpret—due to the economic downturn, layoffs and the continued growth of outsourcing. Still worth measuring?

4 tips for getting max ROI from salary surveys

08/05/2010

When reviewing salary surveys to determine fair pay rates for your employees, follow these tips from Beverly Dance, founder of Dance Consultancy, who spoke at the recent SHRM annual conference in San Diego:

6 talking points to get management buy-in for your HR budget

06/15/2010

When it’s time to present next year’s HR budget, get the C-Suite’s attention with these six talking points. They’ll show you mean business.