Business Success: The Human Factor (Part 6 of 6)
Is your business successful and profitable?
Are your people productive? Are your employees costing you money?
If you missed the earlier parts of our Employer of Choice series, you may wish to start with: ‘Become an Employer of Choice’.
Our people management series kicks off by looking at the various human resource management issues consistently found in the SME sector that worry business owners. It then covers Effective Staff Selection, Induction, Performance Management, and Employee Exit Procedures.
Subsequent articles discuss Effective Communication, Meetings, and Goal Setting and Feedback; then Rewards and Recognition; Selling the Value to Employees; and Building Leadership and Succession into your Business.
One of the keys to business success is employee engagement and alignment.
Staff Engagement = Motivation = Performance = Productivity = Profitability
What other human resource management strategies can you use to ensure your business becomes an employer of choice?
Become a Learning Organisation:
Monitoring, Measuring, Understanding and Working on Your People and Your Business
Understanding Your Organisation – Monitoring and Evaluating Success
There are many tools that enable you to see deep into your organisation. In skilled hands a range of these diagnostic tools provides an objective window into the human health of your organisation. There are clear steps to this very fundamental process:
- Regularly assess the key barometers of human success
- Review and understand the key drivers
- Objectively measure and analyse those drivers
- Review the results in a team environment
- Develop a course of action to improve and and/or maintain a strong human culture within your business
Then, TAKE ACTION.
Act on what you see and understand by implementing actions that continue to build and maintain strong engagement and alignment, the essence of a strong team.
You can then fine tune and continually learn how to improve employee engagement and alignment and ultimately the human and business health of your organisation.
Human health does not eventuate via a once off feel good employee survey. It is a continuous process.
Become a learning organisation. And become an Employer of Choice.
Sound simple? Yet in the current business environment where sourcing and retaining the right people is so difficult, managers and supervisors all too often don’t apply these basic human resource management principles.
VERY IMPORTANT – It is never too late to act.
You’ll be amazed at the results if you do apply these basic principles. And if you need advice or assistance with people management issues or business planning, talk to an experienced business consultant.