People Profits is redefining HR - by rejecting the mindset that created HR. We assist our clients by injecting fundamental business and financial principles into the HR function - which transforms HR from a COST center into a PROFIT center. Our expertise is based on developing a Human Capital Strategy and implementing our proprietary systems and processes that will increase the value of your greatest asset and your BOTTOM LINE.
"HR doesn't increase revenue"
- Conventional wisdom
People Profits has been fighting this belief for years.
HR CAN and has a DUTY to increase revenues in 3 ways.
The FIRST WAY will be discussed today.
- Ask any CEO to give you 5 ways how they could grow the business.
- They will give 20 ways.
- Ask the CEO why they don't move on one of those 20 ways.
- Almost always the answer will be:
The first step in HR increasing revenues is to gain CONTROL:
- Develop an effective and efficient RECRUITING STRATEGY.
- Filling open positions with the BEST PEOPLE QUICKLY.
- How much REVENUE is being lost due to OPEN POSITIONS?
- "TRYING SOMEONE OUT" and replacing them - COSTS REVENUE.
- Develop a RETENTION STRATEGY.
- How do we KEEP our BEST people - who drive REVENUE!
- How do we REMOVE the employee VIRUSES - who cost REVENUE.
- Develop an ENGAGEMENT STRATEGY.
- PRODUCTIVITY drives REVENUE!
- Develop INVESTMENT and DEPLOYING STRATEGIES.
- Minimize the time that employees are not producing REVENUE.
- Increase their VALUE and ability to produce REVENUE.
So, if you feel like you are having to PUSH and PULL your employees along: