You're checking all the HR boxes... but are you producing change?

Owner/operators: we get it.

You are checking all of the HR boxes but you are diving a positive change on the bottom line. Yes, you heard us. :) 

The lack of available data makes it very challenging to determine the ROI you are getting on;

• Recruitment

• Retention efforts

• Employee Engagement

• Free classes or members to excite employees

Those are all currently cost cents, expenses going out the window, with no measurement on how effective they are and how they are impacting your bottom line. 

Things are changing and we invite you to become enlightened by what we have developed. It is revolutionary for organizations in every industry and in every country. It's called the Talent Impact Score.

Until now, there has been no metric available on the HR side that does all the things. 

Let us help change your daily grind from business purgatory, tracking and reporting data, implementing strategies, and then skipping step three, which is calculating the results of your work in clear, measurable, monetary ways. 

While experts have made efforts at developing a framework for calculating ROI on HR measures, these frameworks are complicated at best, requiring months of preparation, planning, and development, plus costly tools from third-party vendors. That leads to requesting more and more budget for bandages. 

Human Resources in small to mid-sized companies

Most owner/operators and HR leaders are checking all the boxes when it comes to people:

• measuring your diversity and inclusion metrics, sharing them with your leaders, and developing and implementing affirmative action plans

• measuring turnover and calculating the cost of turnover, sharing the data with your team, and making recommendations to reduce turnover and improve retention

• tracking reasons for leaving, conducting exit interviews, and preparing personalized reports for individual leaders

• calculating the costs of advertising, screening, selecting, and onboarding new hires and developing more effective processes to improve the success rate and capitalize on investment

• conducting surveys and analyzing employee engagement periodically and diving deeper into the relationship between engagement and retention

• developing and overseeing performance review processes to drive employee success

It's likely that all of this work is producing small changes across the organization, but without metrics that confirm and validate it, you're left guessing. And when you guess, it's not only possible but likely that every hire you make continues to drive down profits in your organization. In fact, our new metric - which combines multiple data points surrounding the people process - has found that most companies literally lose money every single time they hire a new employee.

The future state of human resources

Although most companies find that they lose money with every hire, the Talent Impact Score is just the first step. It provides the data you need to produce real change, improving return on investment for every single hire and ultimately impacting your bottom line in a positive way.

For example, you might learn when you first partner with TeamRocket that you lose $275 every time you hire a new employee (TIS score $-275). By implementing small changes, you can improve that number over time until you starting earning money with every hire - which is the intention, right? When you earn money with every hire, your company grows., thus everyone wins.

How does it work?

The metrics you've measured in the past only give you one piece of the puzzle, so you never have measurable data to determine whether the work you've done has really made a difference in the lives of employees or impacted the bottom line in the way you thought it would. 

The Talent Impact Score by TeamRocket provides you with the whole picture: every dollar you'll earn as a result of a new hire minus the costs you'll invest in hiring and training them, taking into consideration turnover metrics in your organization. For the first time in history, owner/operations and HR leaders can assign a measurable, monetary metric to report on and witness direct and measurable growth in profit as a result of their efforts. Now HR can talk CSuite. 

Getting started

As you consider partnering with TeamRocket, consider these questions:

• Would you develop your strategic sales plan without knowing the value of your pipeline?

• Would you set your revenue goals without knowing what your revenue was last year? Last quarter?

• Would you establish goals for employee engagement without knowing your baseline?

• Would you continue doing business the way you do it today if you knew that you were losing money with every hire?

Ready to grow strategically? TeamRocket is here to help you make sure your good intentions lead to financial results. To get started, reach out to the experts at TeamRocket today - we're standing by!