Metrics

Proving the ROI of wellness programs just got easier

11/24/2011

Every employer seems to be jumping on the wellness bandwagon in an effort to curb health care costs. But it’s always been hard for HR to prove its wellness investment is worth it. Reason: the inability to nail down a return on investment (ROI) on wellness programs. Now, a host of new approaches and tools have come to the rescue.

Quit guessing at training ROI: Use this simple formula instead

11/15/2011

Employee training represents an act of faith for many organizations. They know it’s important, but few can quantify the return on investment. Still, HR is pushed to prove that training pays off. Use this formula to prove to senior managers which training produces results and which doesn’t.

HR’s smartest move: Align with the CFO

09/13/2011

Corporate pressures now call for closer ties between HR and top finance. Winning the CFO as an ally can help earn funding for HR projects, and your strategy smarts will draw attention. Take steps to cultivate the relationships and learn the numbers he or she thrives on.

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.