Imagine if a not-so-evil scientist was able to cook up the perfect talent management ROI formula in her underground bunker. This formula would:
- Increase gross profits
- Increase employee productivity; and
- Increase revenue per employee
How fast would your company clamor to get their hands on this bubbling concoction?
The great news is that they can. The ingredients are simple. By boosting investment in recruiting, onboarding and learning and performance management, these tremendous results listed are yours for the taking.
We’ve all been in organizations where one bad hire upset the balance of almost everything. It’s not fun. But according to a CareerBuilder survey, that bad hire affected your company’s bottom line. Sixty-nine percent of organizations say a bad hire adversely affected them in the past year. And 41 percent of companies say the cost to the organization was more than $25K with 24 percent estimating the total impact at $50K.
With investment in recruiting, onboarding and learning and performance management, every company everywhere can turn things around and improve their talent management ROI, starting today.
Check out our infographic to see just how well this formula works. And if you want to learn how to take this info to your organization and make things happen, be sure to register for our March 15th webinar, “Building The Business Case for Investing In Talent Management,” featuring our own CFO Pete Low and VP, Communications and Brand Advocacy Connie Costigan.
Your turn: What statistics, fact, figures, anecdotes or other proof points have you used to pitch talent
management to your organization? What worked and what didn’t?