Friday, January 14, 2011
We need your input!
HR Kinections needs your input! We are planning a series of workshops/discussions/brown bags around Human Resource topics. We are soliciting feedback on topics that you would be interested in. Some ideas are: hiring, what to do once you have hired, performance reviews, handling conflict, terminations, discipline process, growing your business, healthcare reform, workers comp, resume writing, going back to work, compensation, etc. Please leave us a comment with your great ideas! We just want ideas - this in no way means that you are signing up to attend anything. Thanks!
Thursday, January 13, 2011
Why even do performance reviews?
As a busy business owner myself, I understand the challenge of doing effective performance reviews. I don't have the time, my employees already know how they are doing, I just don't see the value....all common excuses for not doing performance reviews in a consistent manner. The problem is, is that in many cases, we don't realize that for most businesses, roughly 80% of their assets are in their 'people' assets. We seem to find the time to look at all other areas of our business to ensure that we are getting the most bang for our buck, but we all to often overlook the 'people' assets.
In a study of over 200 organizations in 22 industries (over an 11 year span) that looked at organizations that 'lived' a performance management culure and those that did not, the results were alarming. The revenue growth for organizations with performance enhancing culture was 682%; for those without, these organizations grew by 166%. While you may be happy with 166% growth, the net income growth (the bottom line) of the performance enhancing organizations grew by 756% while their counterparts grew by a measly 1%!
Whether your organization is big or small, utlizing a performance management system can significantly impact your bottom line. This does not have to be a huge undertaking, but there has to be a desire to move your business forward and commit to analyzing your 'people' assets with the same diligence as your other investments.
Having a system in place serves many other purposes, like clarifying those ready for promotion, identifying training needs, serving as a documentation trail, and many more. Of course, implementing a system has its challenges too! It requires careful planning, training, and follow through.
If you are interested in energizing your performance management system, need some ideas on formats of review forms, or how to conduct review meetings, contact me!
In a study of over 200 organizations in 22 industries (over an 11 year span) that looked at organizations that 'lived' a performance management culure and those that did not, the results were alarming. The revenue growth for organizations with performance enhancing culture was 682%; for those without, these organizations grew by 166%. While you may be happy with 166% growth, the net income growth (the bottom line) of the performance enhancing organizations grew by 756% while their counterparts grew by a measly 1%!
Whether your organization is big or small, utlizing a performance management system can significantly impact your bottom line. This does not have to be a huge undertaking, but there has to be a desire to move your business forward and commit to analyzing your 'people' assets with the same diligence as your other investments.
Having a system in place serves many other purposes, like clarifying those ready for promotion, identifying training needs, serving as a documentation trail, and many more. Of course, implementing a system has its challenges too! It requires careful planning, training, and follow through.
If you are interested in energizing your performance management system, need some ideas on formats of review forms, or how to conduct review meetings, contact me!
Thursday, January 6, 2011
Happy New Year
Now that the house is back in order, I started in on getting the business in order!
At HR Kinections, we are firm believers in the power of a plan. Our FAMOuS Training program is all about achieving results by setting goals to manage, grow and develop your business, while ensuring that your team (the term 'team' is used loosely - as you may be the sole team member or you may have a 100 member team) is headed in the same direction.
So, I dusted of my 2010 Quarter 4 plan (not that it was very dusty) and started to work organizing my first plan for the New Year! After just a couple hours, I am feeling so ready for the new year. I have my plans in place AND the ability to track my achievements so that I can make adjustments as things evolve. To keep me accountable - one of my plans is to blog on a weekly basis! Be on the look out for HR Tips and other great information.
If you are feeling overwhelmed by all that you want to do with your business - you are with good company! If you would like to learn how FAMOuS can help, give me a call or visit our website for more info.
-Mia
www.hrkinections.com
At HR Kinections, we are firm believers in the power of a plan. Our FAMOuS Training program is all about achieving results by setting goals to manage, grow and develop your business, while ensuring that your team (the term 'team' is used loosely - as you may be the sole team member or you may have a 100 member team) is headed in the same direction.
So, I dusted of my 2010 Quarter 4 plan (not that it was very dusty) and started to work organizing my first plan for the New Year! After just a couple hours, I am feeling so ready for the new year. I have my plans in place AND the ability to track my achievements so that I can make adjustments as things evolve. To keep me accountable - one of my plans is to blog on a weekly basis! Be on the look out for HR Tips and other great information.
If you are feeling overwhelmed by all that you want to do with your business - you are with good company! If you would like to learn how FAMOuS can help, give me a call or visit our website for more info.
-Mia
www.hrkinections.com
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