EEA Class 5 on Metrics and ROI Demonstrates Need for More Measurement
Guest panelist Allan Schweyer, Senior Research Consultant, Center for Human Capital Innovation, and Chief Research Advisor for the Incentive Research Foundation, and Todd Hanson, President, Catalyst Performance Group, an expert on return-on-investment measurement, agree that most organizations apply few formal measures to engagement and human capital practices that in fact can be readily measured both qualitatively and quantitatively.
Click here to view the program.
Key takeaways:
- The measurement of human resources and other engagement tactics remain early stage.
- While there are many commonly accepted practices for measuring the quantitative and qualitative return-on-investment of engagement and related efforts, most organizations do little more than measure the level of engagement in their human resources or incentive efforts.
- The pressure for measurement will grow as more organizations recognize that people are an investment and should be managed as such--i.e., with some element of return-on-investment measurement in mind. ISO 30414 Human Capital Standards provide a practical way of managing to metrics that can have a direct impact on profits.
- The Master Measurement Model, available from the Incentive Resource Foundation provides a simple statistical process control any organization can use to measure the ROI of any type of program.
- The ROI Institute offers a methodology for measuring the impact of almost any type of engagement or related human resources effort that in fact can be applied to marketing and other business practices as well.
Todd Hanson
todd@catalystperformancegroup.com
Allan Schweyer
allan.schweyer29@gmail.com
Master the “S” of Environmental, Social, Governance (ESG), A.k.a. Stakeholder Capitalism
The Enterprise Engagement Alliance at TheEEA.org is the world’s first and only organization that focuses on outreach, certification and training, and advisory services to help organizations achieve their goals by fostering the proactive involvement of all stakeholders. This includes customers, employees, distribution and supply chain partners, and communities, or anyone connected to an organization’s success.
Training and Thought Leadership
- Founded in 2008, the Enterprise Engagement Alliance provides outreach, learning and certification in Enterprise Engagement, an implementation process for the “S” or Social of Stakeholder Capitalism and Human Capital Management and measurement of engagement across the organization.
- The Enterprise Engagement Alliance provides a training and certification program for business leaders, practitioners, and solution providers, as well as executive briefings and human capital gap analyses for senior leaders.
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Engagement Digital Media and Marketplaces
- The ESM information portal and The Enterprise Engagement Advisors Network solution provider marketplace cover all aspects of stakeholder engagement, and the EEA information library lists dozens of resources.
- The RRN information portal and Brand Media Coalition marketplace address the use of brands for gifting, incentives, recognition, and promotions. The BMC information library provides information and research resources.
Video Learning
The EEA Human Capital Management and ROI of Engagement YouTube channel features a growing library of 30- to 60-minute panel discussions with leading experts in all areas of engagement and total rewards.
Books
- Enterprise Engagement for CEOs: The Little Blue Book for People-Centric Capitalists. A quick guide for CEOs.
- Enterprise Engagement: The Roadmap 5th Edition implementation guide. A comprehensive textbook for practitioners, academics, and students.
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- Human resources, sales and marketing solution providers profit from the emerging discipline of human capital management and ROI of engagement through training and marketing services.
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