ORGANIZATIONS SUCCEED THROUGH THE PERFORMANCE OF THEIR PEOPLE
SUCCESS STORIES
Once employees are hired , it is essential for businesses to provide clear direction on expectations through training and development and performance management . Clear expectations provide a bridge between what the new employee brings to the organization , how it will be applied , and then specialized as the employee builds upon their skills and experience throughout their career . Career ladders and pathways are instrumental in creating a roadmap to achieve this shared vision – developing talent and growing your assets , which can become a competitive advantage for both parties .
ORGANIZATIONS SUCCEED THROUGH THE PERFORMANCE OF THEIR PEOPLE
BY CINDY O ’ DONOVAN
Hiring the right people at the right time with the right skills in the right jobs , providing a work environment where employees enjoy coming to work every day , and developing their talents , skills , and abilities to bring out their best performance ensures a company ’ s success . As the labor market has tightened , businesses have become more aware of the need to leverage more from their employees , keeping them engaged both at work and in the community .
Hiring the right people is the most important thing a business can do . Many companies report problems finding and retaining good employees with the skills and attitudes they need to grow and maintain their business . Yet experienced and educated job seekers report they can ’ t find jobs . Traditionally , students have been encouraged to go to college , racking up tens of thousands of dollars in student loan debt - presently averaging over $ 37,000 . Yet , employers say recent grads do not have the skills and work ethic they need . What is it that is truly missing from the process and how do we correct it ?
�� 80 percent of employers report difficulty filling jobs ���1 in 4 workers will stay with their employers less than a year �������������������������������150 percent of first year salary ���30 – 50 percent of new hires fail
Finally , statistics show companies with strong cultures show strong profits . According to Biro ( 2014 ), revenues increased by an average of 22.2 percent for the 2014 Fortune 100 Best Companies to Work For . Higher engagement of employees leads to greater performance results and can be attained through effective business management and human resources practices .
Addressing these three critical areas of the “ people ” aspect of any organization , large or small , creates a win-win for everyone involved . It ’ s not rocket science , and it doesn ’ t need to be expensive . It requires a desire to do the right things right , a willingness to listen , to engage and partner with others to create the workforce of the future . There is a tremendous amount happening on this topic in our local business community . Our local business success depends on it .
Cindy O ’ Donovan is owner of Right4 Your Business , LLC , a consulting firm specializing in the “ people ” business with expertise in human resource management . She has a B . A . in Organizational Communications , a M . A . in Leadership and Management , and is designated as a SHRM Senior Certified Professional ( SHRM-SCP SM ) through the Society of Human Resource Management . O ’ Donovan has over 30 years of professional experience in a variety of roles and business settings , from large corporations to nonprofit organizations and small businesses .
O ’ Donovan has facilitated Community Conversations on Workforce Development and the Community Forum on Seniors and presently serves as Chair of the VHEDC Workforce Action Committee . For more information on services , workshops and presentations , and her new book on building a culture of engagement “ Tune In and Tune Up : Simple and Low-Cost Ways to Increase Profitability Through People ,” please visit www . right4yourbusiness . com or call 651-295-1843 .
28 Vadnais Heights Business Guide & Community Profile