Showing posts with label dc consulting firms. Show all posts
Showing posts with label dc consulting firms. Show all posts

Monday 9 December 2019

Why Are Employees Leaving Your Organization?


In our daily lives, we use personal biases, intuitions, and gut feelings to make our decisions. And that’s perfectly fine. They serve us well in many ways.

However, when it comes to improving work performances, personal biases, intuitions, and gut feelings just don’t cut it.

Data can improve your own, your team’s, and your organization’s performance; people analytics can help. People analytics is the data that identifies workforce patterns and trends. Here are some questions that can be answered with people analytics:
  • How engaged are our employees?
  • What skills does my organization need to invest in, to achieve our mission?
  • Why are my employees leaving the organization?
These questions and many more are the kinds of questions that people analytics can answer. Even if you don’t regularly use data in your job, you can still learn a lot with people analytics, regardless of your supervisory level.

A brief primer on people analytics

Before we answer why employees are leaving your organization, let’s start by defining a few terms:

Data are facts, statistics, or other items of information. Data are all around us; you just have to know how to look for it, compile it, and make sense of it. We can use data to understand problems and processes at a micro-level (between individuals), at a mezzo-level (team-level), or at a macro level (organizational level).

So who uses data?

One group of people who use data are data analysts. Data analysts organize, examine, analyze and use data to draw meaning. They tend to focus on understanding previous events to describe things that have already happened.

Wednesday 13 November 2019

Eight Ways to Improve People Processes in Your Organization

People are a critical part of every organization’s balance sheet. Investments related to acquiring, retaining, developing, and inspiring employees are critical to your organization’s success, requiring a thoughtful strategy to build and maintain a productive workforce.

CHCI’s talent life cycle, called PRIDALRM, refers to the interrelated strategies that support the most important assets of an organization – the people. Most of the activities that occur within an organization’s human resources, human capital, and talent management divisions can be distilled to one of the eight components highlighted in the PRIDALRM image. 

CHCI uses PRIDALRM to diagnose problem areas and develop targeted remediation efforts. This systematic approach to organizational performance encourages the interconnection among elements and alignment to outcomes. Let’s review the eight components.

Starting with the “north star” of the talent life cycle, the workforce PLAN sets up a framework that allows organizations to address current needs and identify future opportunities and threats. It helps answer the following questions:

  • Does the organization’s workforce have the right capabilities today?
  • What resources will the organization need to be successful in five years?
  • How can our human capital approach give us a competitive advantage in our industry?
The next component, RECRUIT, is about talent acquisition. Talent acquisition is the organizational process which fills current and future positions and manages the transition of new employees to becoming fully productive. According to research commissioned by Glassdoor, 95% of companies admit to hiring the wrong people every year.  In fact, Society for Human Resources Management (SHRM) identified that the cost of a bad hire could be up to five times the amount of a bad hire’s annual salary; so hiring the wrong person is a costly mistake. Here are three categories of questions to ask candidates at the initial hiring process to help determine if candidates are a good fit in your organization: