Your profit formula and how HR can make you more money

Most HR professionals do not know what a profit formula is

You know your company's profit formula forwards and backwards

Where the opportunities are and when a line item is 1% off

The manager of the greatest asset should:

     1. Drive increases in productivity

     2. Reduce turnover year over year

     3. Attract the level of talent needed - quickly

     4. Drive engagement and retention
 

This is difficult when they struggle with applying financial principles

HR needs help applying financial principles - so that:

• Employee retention would become a focal point
• Increasing productivity would become an obsession
• Strategies would be developed to maximize the greatest asset
• Budgets, costs and ROI would be a constant discussion

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People Profits Principle 98: Organizations have too many "Check the box HR activities" that do not create necessary results

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Elevating HR with financial principles