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Personal Development & company productivity
Life in Workforce Management
Personal Development & company productivity
Share your stories of workforce-management success in contributing to your business' bottom line, as well as your tales of business bloopers and blunders.
I'd like to know if there is supportive evidence or a case study, etc. that shows an ROI on employee personal development and personal goal setting programs, as opposed to strictly career development
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Forums » Topic Forums » Life in Workforce Management » Personal Development & company productivity
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Personal Development & company productivity
posted at 10/27/2004 4:29 AM EDT
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Posts: 4
First: 5/28/2004 Last: 1/20/2006 |
I'd like to know if there is supportive evidence or a case study, etc. that shows an ROI on employee personal development and personal goal setting programs, as opposed to strictly career development and career/job goal setting. How could I prove that companies who emphasize overall development and meeting personal/family responsibilities, will have more productive employees? Examples may include physical fitness, financial planning, time management. |
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Personal Development & company productivity
posted at 10/27/2004 12:32 PM EDT
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Posts: 1783
First: 11/11/2003 Last: 5/13/2010 |
I think that finding ROI for a catchall "personal development" would be rather tough, if not next to impossible. Try looking at particular programs.
If one provides financial planning/education, has Payroll seen a reduction in wage garnishments? What does that reduction mean in terms of time spent processing those orders? Has participation in the 401(k) gone up? Are employees more cognizant - and thus appreciative - of the value of the benefits the company offers? If one offers a fitness program...has there been a reduction of health claims for diseases related to poor diet/exercise habits? Good luck. |
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Personal Development & company productivity
posted at 11/12/2004 2:12 AM EST
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Posts: 42
First: 12/4/2002 Last: 6/8/2008 |
I too would be interested in hearing about such results. In my own experience I was able to prove that ~5 years after taking over a unionized 1300 person group that their productivity per person had risen about 300%. We made the measurement by comparing manhours required to do certain jobs which were comparable over that 5 years. Outside of that we only had anecdotal evidence like a union steward who told me that he didn't know what I did but would I please keep doing it because he had hated to come to work for over 15 years, but now loved it.
Please post whatever you learn. Measuring that one has to be difficult. Best regards, Ben http://www.bensimonton.com |
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Personal Development & company productivity
posted at 5/9/2005 10:45 AM EDT
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Posts: 122
First: 3/24/2005 Last: 4/29/2009 |
I hope that this will help you...(apologies to those who have heard me say this before...
There has been recent research that demonstrates that for every one percent improvement in culture, there is a 2% improvement in revenue in service organizations. Peter Drucker said that the most meaningful perk a company can provide a worker is a good culture. Culture is, in part, determined by those items that you mentioned. People who feel that their needs are being addressed are more likely to be happy and loyal workers. As and example, we have one client that has undergone enormous change in the past 2 years. Typically, this would create a real challenge for employees who are change averse. The type of employees that he has are very difficult to find in his location. Thus, he had to avoid turnover or a loss of productivity. So, he worked with us to implement a process to improve the culture and productivity. He not only had no turnover, he has almost doubled his staff to support the growth. A part of this process is a regular measurement of the culture, and adjustments to keep everything on track via training. So, with that said, how do you develop a baseline measurement of the culture, and implement policies and training that will help you improve the culture, and thus, the bottom-line? I don't want to bore you with too much information, but if anyone would like know more about our measurement tool or training, just let me know. Take care. Rebecca Rebecca Lacy Pinnacle Management Group www.pmginternational.net RAL@pmginternational.net |
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