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Is your Human Resource function profitable ?
This is one of the most critical questions that most Leaders & Executives struggle with, while rarely getting a response, & with most of them starring the blank noise. Given that human capital costs account for 60 – 70% of overall costs, would it not help, for the business leaders, if they could arrive at better decisions with deeper clarity to above questions.
While the above question is more of journey, & not an over simplistic yes or no, here are some tools which will nudge the HR functions towards unlocking inherent value for business & organization.
Turnover Costs & Savings Estimator: Why turnover costs are a big deal & estimate ‘real cost’ & savings from employee turnover
Whenever we are in discussion with HR regarding a Human Capital Management project the question we keep asking is “what are the financial outcomes?”; 90% of HR initiatives fall over at the Business level simply because the business case hasn’t shown insight into any Return on Investment. Without this, the executives will continue to push back because they can’t see value in the project.
At The Brew, we have been helping organizations to achieve higher growth and higher performance through their human capital. Be it building high performing workplaces, or high potential teams, improving organizational effectiveness, or organizational trust, engagement, embedded-ness, culture or to improve business outcomes, human capital ROI – We leverage our proven competence in getting to these outcomes, transforming organizations to higher enterprise value & maturity. We are the experts, you have access to us, and we will not stop until you get to, where you want to be.