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New HR
Metrics Drive the Bottom Line!
As HR Management
continues to take Organizational Development (OD) and Human Capital
initiatives under its wing, the bottom line impact of HR continues to
gain credibility with CEOs! Enormous responsibility now rests upon the
HR Director to continue the tradition of evolution by proving bottom
line impact and ROI. (Refraining from “touchy – feely” terminology such
as “I’m a people person” helps.) Be wary of “off the shelf” solutions
and be certain the metrics you’re applying actually are relevant to your
organization and each functional group within it. Labor Intensity
becomes the new dynamic metric to guide your decision making, replacing
the traditional headcount and industry standards.
Momentum Builds for Health Savings Accounts
Employers have been able to provide health savings accounts (HSAs)
to their employees since January 1 of this year. But learning the ins
and outs of these new consumer-driven health vehicles -- tax-advantaged
savings accounts linked to high-deductible insurance policies -- while
waiting for Treasury and Department of Labor regulations have slowed
adoption to a crawl. Now, however, signs indicate that
HSAs are picking up steam. (SHRM, May
2004.)
Forbes
Profiles HRS!
Forbes Business Review
has approached our CEO Jessica Ollenburg,
and HRS has proudly accepted the interview engagement. Please find
our upcoming audio interview at
Forbes.com,
www.skyradionet.com
plus broadcast on all international
America West flights
during September and October 2004. HRS pledges continued dedication to
excellence and earning media attention through noteworthy
accomplishment.
Psychometrics v. Personality Profiles
Intelligence tests and personality
profiles continue to be phased out by employers and replaced with
psychometrics. Psychometric tests are designed to provide a consistent
and effective measure of people’s traits, abilities, skills, and
interests, and can be statistically
linked to performance outcomes. The ability to measure these
job-specific characteristics enhances decision making during recruitment
and selection, individual and team development, organizational change
and career direction. Psychometric assessment is easier to interpret,
higher in validity and more legally defensible.
Can HR Outsourcing Produce Big Savings?
BNA Inc.
reports “One
year into a new outsourcing arrangement that has helped pare the size of
the internal human-resources department at Prudential Financial Inc.,
the HR budget at the Newark, N.J.-based company has dropped by about $25
million, says HR vice president Rob Tomaino.”
With HR departments currently operating with minimum team members,
outsourcing shall not threaten HR incumbents and shall help them better
attain departmental/organizational bottom line goals, safeguarding their
individual career paths, security and incentives!
Plus A Little Bit of Humor:
Actual Employee Performance Review No No's
Quotes taken from
actual performance reviews as reported by
InteractiveHR.com/Humor:
"He's been working
with glue too much."
"When her IQ reaches
50, she should sell!"
"...has a
photographic memory, but with the lens cover glued on."
"A prime candidate
for natural selection."
"Donated his brain
to science before he was done using it!"
"Gates are down, the
lights are flashing, but the train isn't coming"
"...seems to have
two brains, one is lost and the other is out looking for it."
"If you gave her a
penny for her thoughts, you'd get change back."
"One neuron short of
a synapse."
"It would take this
employee 2 hours to watch '60 Minutes'."
