Are you beyond the break-even point?

Blog located in HR Solutions posted on October 13, 2016

It’s Monday morning, you’re getting ready to present to one of your biggest clients. Your director of operations resigns, your administrative assistant calls in sick and you are made aware of a client’s complaint of assault from one of your employees.

You didn’t see any of this coming, yet you need to manage these events.

These moments are significant and show how quickly your business can get out of hand once your core support team disappears.

“People” takes on its full meaning

Whether it’s marketing, finance or sales, companies have tangible measures in place to calculate ROI. However, it’s difficult to apply this value to people. There are too many variables and it could become really subjective.

However, while you can’t measure the results, you can certainly compare them. You can compare employees. You can compare their behavior. You can compare their results.

Let me share some questions:

  1. To what degree can your new employee ramp up quickly?
  2. How high up can your employee go?
  3. By what method can your employee  go higher than others over time?
  4. How long does your employee stay?

That’s ROI!

Growing awareness

You quickly become aware of the shortcomings because you see different results from different employees who work for the same company.

There are many remedies for you to look for:

  1. How robust is your on-boarding process?
  2. What’s your hiring process?
  3. How does your management help your employees to continue to grow?
  4. What’s your management style and culture? And how are they contributing to increase your employee’s tenure?

Beyond the break-even point

The break-even point is the point at which new employees have contributed as much value to your business as they have consumed from it.  Other things being equal, the better job you do at on-boarding, hiring, developing and leading, the higher your employee will be on the curve and the value created by your new higher will be so much higher than the value consumed.

Take this 5 minute quiz to identify what you need to do to increase the ROI on your people.

 

 

 

COUNT ME IN!
Multi-generational

Thrilled to have you on our HR Insiders Team!


Enter your first name and email and become an Aline Ayoub HR Insider!

close-link

We have so many tools to help business increase their human resource IQ

Let us get you up the learning curve to improve the calibre of people you hire, the daily productivity of your team, and your firm's performance! 
Enter your name,  email and phone number to schedule a complimentary consultation with Aline Ayoub. Aline can help you diagnose your next steps in heightening your company performance through your people!
SUBSCRIBE
We will be in touch within 24 hours. 
close-link
Subscribe
I WISH TO TAKE A FREE ASSESSMENT

Do you qualify for a complementary online HR Assessment? 

Enter your first name and email for a complementary HR assessment.
close-link
SUBSCRIBE

Solve your recruitment issues, finally! Stop wasting money on bad hires. 

Enter your details to receive further information on how you can receive your Recruitment Fix It Plan for Small Business.
close-link
SIGN UP

Register for Aline Ayoub's
Bill 148 HR Boot Camp.

Select your date and enter your details to register. We will email you further information on the webinar.  
close-link
SIGN UP

Register for Aline Ayoub's
Bill 148 HR Boot Camp.

Select your date and enter your details to register. We will email you further information on the webinar.  
close-link
SIGN UP

Don't let Bill 148 create risks to your growth and profitability!

Aline Ayoub provides complimentary professional assessments. If you need an action plan, she will work with you to get that in place quickly and affordably.
close-link