Translating HR to Net Profit: Showing the C-Suite the Real Bottom-Line Impact of HR at Your Firm

2019 Annual Conference & Exposition
Learn how to clearly demonstrate the return on investment (ROI) of HR-related functions, using practical tools to make a strong case for HR.

As the HR function continues to evolve, so too does the increased need to demonstrate that HR related initiatives are in fact paying off and are worth the investment and expense. Yet HR departments and leaders continue to struggle with methods for quantifying their efforts and results. While other functional areas of businesses (e.g., marketing, finance) are laser-focused on converting their efforts into direct ROI, HR professionals are not always clear on what to present, how to present it, and how to convert it to hard data worthy of respect from the C-suite. This session teaches participants to clearly and succinctly demonstrate ROI as it relates to HR-related functions to prove an HR department's value and worth, and provides tools to make the best HR-related decisions for the organization.

Learning Objectives:

  • Employee benefits: Simple methods for quantifying how fully provided, shared cost, and voluntary benefit plans contribute to your orgnaizations’ ability to retain and attract talent.
  • Recruiting and sourcing: Ways to document all associated expenses (e.g., time, postings, testing, agencies, tools, HRIS) to show the resulting ROI.
  • Professional development/training: Tracking the mix of cost consumed for said efforts plus the end results and impact on the businesses.
  • Turnover: How to measure its economic impact on your business, how to use this data to fuel other preemptive initiatives, as well as how to convert the data collected from exit interviews and resulting action items into a dollar value to demonstrate this value and effort.
  • Technology:- Correlating the expense associated with implementing new tech tools in HR and the resulting impact on efficiency and flow of your HR department.
Date(s) & Time(s): 
Monday, June 24, 2019 - 4:15pm to 5:15pm
Presenter: 

David Lewis

David
Lewis

David Lewis is the founder, president, and CEO of OperationsInc, one of the nation’s largest human resources consulting firms. OperationsInc has grown steadily since its inception in 2001, and now engages a team of over 90 professionals providing HR, Payroll, Training, and Recruiting support to a base of over 1,600 clients. David is leveraging a 30-plus year career in human resources and operational management for leading firms including Merck/Medco and Computer Associates. He serves as an on-air subject matter expert in the areas of human resources, workplace management, and small business issues for MSNBC, FOX, CBS Radio and NPR, and regularly appears in national publications like The New York Times, Inc., and The Wall Street Journal.

Location: 
Westgate Ballroom A
Amount of Credit: 
1.00
Credit Type: 
SHRM PDCs
Session Type: 
Concurrent Session
Competency: 
Business Acumen
Consultation
Leadership & Navigation
Intended Audience: 
Senior-Level
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