You probably already know about the relationship between human resources and sustainable growth, but how do you measure the effectiveness of your HR initiatives? First, you’ll need to understand the kind of impact HR has. Undoubtedly, your HR department will be key to your company’s continued success, but many business leaders know they need the space without understanding why. Next, you’ll need to tailor your data collection and measurement methods to suit your specific niche. What works in the technology sector may not apply as well to non-profit organizations.
Understanding Your Triple Bottom Line
A key component in measuring human resources and sustainable growth is your triple bottom line or TBL. It represents your company’s total impact based on these three categories: – Environmental impact: Your environmental impact may take into account the pollutants released as a result of your daily operations as well as any green initiatives you may have. – Economic impact: Your company functions as a part of both the local and national economies, so your financial contribution to your community is a factor in your TBL. – Societal impact: Are you a vocal member of the green movement? Have you contributed to job programs in the area? Do you contribute to charitable organizations? This category focuses on the company’s societal impressions. When measuring these factors, you should include the direct impact of your suppliers, products and operations to ensure you have a holistic view of your company.
Don’t Underestimate Your Human Resources Department
In most healthy companies, quality human resources and sustainable growth go hand in hand. Company leaders frequently underestimate the impact of their human resources departments, but pound for pound, HR has the greatest effect on your sustainability. For example, HR departments are responsible for maintaining: – Workplace diversity – Talent retention – Career development and training opportunities – Productivity monitoring and improvement – Competitive benefit packages – Employee support and resources – Quality working conditions – Protection of human rights – Positive conflict resolution – Positive company culture Every single one of these bullets is an important part of any company’s success. Luckily, many businesses are refocusing their HR efforts and resources as leaders increasingly understand the department’s role in sustainability and company health.
Employee Engagement Leads Customer Satisfaction
Everyone knows customer satisfaction is a main goal for a thriving business. However, who ensures customer satisfaction? Your employees are directly responsible for each client’s experience and many consumers are starting to judge brands based on how the company treats employees. An engaged employee is more invested in his or her work and is likely to show increased productivity. Employee engagement is a crucial element to human resources and sustainable growth. When you foster a connection with your employees, they feel more valued and respected as they complete their professional responsibilities. Overall, this will result in a team of happy and dedicated professionals who are working to fulfill company goals and missions.
Employee Centered Business Models
If you want effective human resources and sustainable growth, you need to focus on your employees. What do they need to succeed? What will make them excited to come to work? Creating an excellent and competitive benefit package is a great and important step, but what can you do beyond medical care for fulltime employees? – Insurance benefits for part-time workers – Retirement plans – Discounted stock options – Domestic partner benefits – Equal and fair pay – Support for child and elder care – Competitive pay – Complementary company merchandise – Flexible work options – Sufficient resources – Vacation time – Socially conscious initiatives – Rewards for productivity and achievements – Connection with leadership
Constantly Motivating Employees
Every niche is different, so what motivates your employees? Social justice lawyers may enjoy fighting for a righteous cause, while tax attorneys enjoy getting their clients larger tax returns through knowledgeable application of tax laws. Get to the root of your employees’ professional goals and use it as a source of motivation. Give your top talent the challenging projects they are looking for and allow your new hires the chance to prove themselves with a little extra responsibility. If your employees are committed to a particular social cause, consider doing a company fundraiser with employee input. Do what you can to keep your employees fulfilled and motivated. Nailing down the intersectionality between human resources and sustainable growth can be quite the challenge, but you’ll need to in order to begin measuring the effectiveness of your HR initiatives. Use other Resume Builder resources and articles to help you devise a workable strategy for your business and employees. Once you make a plan of action, you’ll be well on your way to company improvement.