Ask yourself these questions. Start with “If I were a long-term investor considering making an investment in the company where I currently work…”
1. In what areas would I want the company to invest more (time, money, and leadership focus)?
2. What would I want the company to stop doing?
3. What aspects of the company’s culture would I consider most important to preserve?
4. What aspects of the company’s culture would I consider most important to change?
5. Would I want more (or fewer) employees to spend their time doing what I do?
Since the vast majority of wealth is now created through intangible assets – all of which ultimately emanate from human capital – these questions are particularly important for professionals working in HR, organizational development, and learning.
Can you answer all of those? Our hats are off to you if have the evidence necessary to confidently answer each of them. On the other hand, if you’re worried you don’t have a strong evidence base for answering these questions, that’s cause for concern. It reflects a likely lack of clarity and effectiveness in your company’s HR strategy – and could also mean you should think hard about your own career prospects in an organization like that.
One of our key themes this year is the tremendous power in simply asking better questions (and, of course, being able to answer them). Asking the questions that investors would ask of you if they were given the chance is a very powerful strategy for guiding HR investments.
At its heart, this is what advances in HR analytics can help you accomplish – asking and answering better, more insightful, more important questions. And remember – since the time and energy you spend working means that you ARE an investor in whatever company you choose to be your employer, these questions can also help guide you in major career decisions.
To learn more about HR Analytics contact:
Angelo Dispirito III
Phone: (401) 322-9250 ext. 101
Published by McBassi & Company