Translating HR to Net Profit: How to Show the Real Bottom Line Impact of HR

SHRM 2016 Annual Conference & Exposition
Workplace Application: You will learn how to demonstrate the ROI of HR-related functions and will leave with practical, simple tools to make a strong case for HR.

Repeated Tuesday at 2:15 p.m.

HR departments and leaders continue to struggle with methods for quantifying their efforts. While other functional areas of businesses 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 in general how to convert what some argue are soft points and approaches to harder data worthy of respect. This session will address:

·         Simple methods for quantifying how fully provided, shared cost, and voluntary benefit plans contribute
          to your company's ability to retain and attract talent. 

·         Ways to document all associated expenses (e.g. Time, Postings, Testing, HRIS) to show the resulting ROI. 

·         Tracking the mix of cost consumed for said efforts plus the end results and impact on the businesses. 

·         How to measure the economic impact of turnover and how to use this data to fuel other preemptive initiatives,
          as well as how to utilize exit interviews and covert the data collected and resulting action items into a dollar value
          that demonstrates this value and effort.  

·         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 20, 2016 - 2:00pm to 3:15pm
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: 
Convention Center: 202
Amount of Credit: 
1.25
Credit Type: 
SHRM PDCs
Business Credit
Session Type: 
Concurrent Session
Competency: 
Communication
Critical Evaluation
Business Acumen
Intended Audience: 
Senior-Level
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Availability: