Human Resource Survey Questions and Results

SO WHAT’S THE DEAL WITH THE 2%?

Release Date:  Tuesday, April 21, 2020

Authored By: Bill Albert & BMGC

This is the first of seven survey questions and the results we have collected. The survey had topics range from opinions on levels of HR’s impact to business profitability to how well these professionals understand KPIs and financial statements.

Every business I know always say “people are our greatest asset”. How in the world then can HR, the gateway to bringing in the best and brightest, not know how they impact business value and profit?!?!

We have often found that the C-Suite is not projecting the correct message to the HR department or assuming too much in their understanding of their business impact. There are even leaders relegating HR to a “necessary evil” status. This is a dangerous stance.

If you are leading an organization that wants HR to be a profit center, then you should reach out to us. BMI has virtual financial programs that are engaging, interactive webcasts that help HR professionals understand not only how business works, but more importantly, where, and why the HR staff is so important to the financial health and value of the organization.

And to boot…BMI courses are accredited by both SHRM and HRCI!

Do not assume your organization’s HR staff is not part of that 2%. Check out our website at www.bmigc.net for details on how we want to help. There is no obligation to call us to just have a real conversation about how we can bring your HR department to the leadership table in a way that will positively impact your profit and value.

Can You Describe What Distinguishes Your Organization In The Marketplace?

Release Date:  Tuesday, May 5, 2020

Authored By: Bill Albert & BMGC

The 2nd of seven survey questions and the results we have collected. We asked hundreds of HR Professionals, in essence, if they knew what their companies did and how it positions itself in the arenas their companies compete in.  In the graph you will find the question and the responses.

What’s the deal with that 26% & 20%?!

Seriously! In the first post, question HR and revenue generation, 98% of HR Professionals surveyed believed that everything they do, ultimately, positively impacts their organizations’ bottom-line.

A couple of questions come to mind.

1. How did we go from 98% to 54%?

2. If the 26% of the respondents, who do not think that knowing this information is important, are involved in Talent Acquisition, how can a company be sure they are getting the right candidate(s)?

3. What does being ‘busy’ have to do with knowing what your company does to earn profits and compete it it’s market?

One HR Leader I showed this to said that everyone in an organization needs to know this at some level, if for no other reason, than out of respect to the company that is paying you your salary.

As HR professionals, or any professional for that matter, it is vital that you understand not only what you do, but additionally, what your company does that makes it successful.

Understanding Performance Indicators: 40% vs. 60%?

Release Date:  Tuesday, June 9, 2020

Authored By: Bill Albert & BMGC

Over the last several years we have surveyed hundreds of HR Professionals. These excellent individuals have run the full gamut of work experience; from Executive MBAs and Ph.D.’s to just learning how to spell ‘Human Resources’. This is a continuation of our findings.

Last week I had a number of conversations with Human Resource and Organizational Development Professionals. The earnest individuals have been tasked by their various companies to create learning curriculum to help develop the next generation of leaders within their respected organizations. Enhancing their workforces’ business and financial acumen is a part of that assignment.

Our conversations covered a broad range of topics. One of the questions I asked them regarded what their companies’ measure and does the workforce understand how they impact those measurement?

The conversations, unsurprisingly, supported the survey results below. So, here is today’s survey question and results in the image.

In the first survey we posted, 98% of our respondents believed they made a positive impact on their organizations’ financial health.

Yet when that same audience was asked if they understand what their company does to compete in their marketplace, 48% didn’t know with 28% feeling it wasn’t their responsibility to know these things.

Which leads us to this week’s submission.

It is truly understandable that we would or should know the performance indicators and metrics, that we personally get measured on. If your bonus is tied to meeting certain targets, my guess is you are going to do everything n your power to meet them.

Which is why the above numbers were kind of shocking to us. 60% of our respondents didn’t know their company’s key performance measures and only 25% knew their own.

If you are reading this post, regardless of whether or not you are an HR Professional or not, I’d like to challenge you.

I’d like you to discover, for yourself, what your company’s EBIT as a Percentage of Sales is.

EBIT stands for Earnings Before Interest and Taxes. It is one of the main numbers that every organization in the world looks at. I will guarantee it is one of the most important numbers on the income statement that your company looks at. And, once you discover what this is, you may be surprised to find out just how much you impact that number!

If you have a desire to move in your organization, you need to understand what drives your company. Earnings is one of its key corporate drivers.

Google currently has 458,000,000 articles on Employee Engagement!

Release Date:  Tuesday, May 12, 2020

Authored By: Bill Albert & BMGC

Over the last several years we have surveyed hundreds of HR Professionals. These excellent individuals have run the full gamut of work experience; from Executive MBAs and Ph.D.’s to just learning how to spell ‘Human Resources’. This is a continuation of our findings. (Please visit our website at www.bmigc.net to read the previous posts).

This week we will look at the topic of Employee Engagement.

As of yesterday – May 11, 2020 – there are currently 458,000,000 articles on Employee Engagement according to Google. It’s obviously an important topic.

So, the question we will ask today is: In your current position in HR, how do you quantify the financial impact of employee engagement on your organization’s financial statements?

I showed this to a number of professionals in whose opinions I trust, and they believed the 38% to be high. What do you think? Let us know.

Right now, companies are struggling with how to keep isolated employees engaged. We all realize it is important. We might not have realized how important it is to now.

Leaders at all levels of the organization need to understand the impact that Engaged Employees have on the bottom-line. This is an area that HR can and should be taking the lead on. As one executive told me last week. “It seems like the government is more interested in the people than they are in the company those people work for.”

I don’t know if this is true. But I do know that we need to be creating retention and engagement strategies to help our people feel connected.

If you are leading an organization that wants HR to be a profit center, then you should reach out to us. BMI has virtual financial programs that are engaging, interactive webcasts that help HR professionals understand not only how business works, but more importantly, where, and why the HR staff is so important to the financial health and value of the organization.

DOES IT REALLY MATTER IF YOUR EMPLOYEES ARE ENGAGED?

IF 86% of those surveyed feel Employee Engagement is important, how come…

Release Date:  Tuesday, May 19, 2020

Authored By: Bill Albert & BMGC

In Question #4, we will looked at the topic of Employee Engagement from the perspective of whether or not your HR Team looked at Employee Engagement as a Measurable.

38% of HR Professionals Surveyed said their companies measured Employee Engagement as one of their financial success metrics.

37% said they either didn’t or didn’t know.

The rest said that this was a topic they had talked about.

So, here is today’s survey question and results:

86% felt that the Employees were mission critical to the success of their companies. The other 14% of the Human Resource Professionals surveyed either weren’t sure or thought that employee engagement was only semi-important.

Last Thursday I was on a call with multiple people from multiple companies. The participant’s disciplines were everything from Finance to Learning and Development and from Branch Managers to Sales. 100% of the participants believe that the most important thing they could do for their employees right now was to make them feel like family.

If you are part of the 38% in our last survey, congratulations. If you are not, you’re potentially missing a key metric that has potentially a large impact on your bottom line.

Right now, companies are struggling with how to keep isolated employees engaged. We all realize it is important. We might not have realized how important it is to now. More than ever before engaging your employees needs to rank up amongst your highest priorities.

Leaders at all levels of the organization need to understand the impact that Engaged Employees have on the bottom-line. This is an area that HR can and should be taking the lead on. As one executive told me last week. “It seems like the government is more interested in the people than they are in the company those people work for.”

I don’t know if this is true. But I do know that we need to be creating retention and engagement strategies to help our people feel connected; and well…feel like family.

If you are leading an organization that wants HR, and all your other departments to be a profit centers, then you should reach out to us. BMI has virtual financial programs that are engaging, interactive webcasts that help professionals understand not only how business works, but more importantly, where, and why, and how every employee you have is vital to the financial health and value of the organization.

And to boot…BMI courses are accredited by both SHRM and HRCI for HR Professionals.

ONLY 18% OF HR PROFESSIONALS UNDERSTAND HOW TO READ INCOME STATEMENTS!

Release Date:  Tuesday, April 27, 2020

Authored By: Bill Albert & BMGC

The 6th of seven survey questions and the results we have collected. The survey had topics range from opinions on levels of HR’s impact to business profitability and earnings to how well these professionals understand KPIs and financial statements.

What’s the deal with that ‘almost 1 out of every 4?!

In our first installment last Friday, we showed that 98% of all HR Professionals surveyed believed they made a positive impact on helping their company’s bottom line. However, only 18% of our respondents know how to utilize an income statement effectively. So, how do the rest quantify their contribution?

It’s really about human resources and finance working together and understanding that the income statement also called a profit and loss statement does what its’ name

suggests; it gives us a summary of the revenue and expenses generated by our companies. A good part of which HR influences

Hard to believe that almost ‘1 out of every 4’ of human resource professionals “heard about an income statement but never spent a lot of time looking at one… or really did not know the impact of an income statement” in trying to measure how profitable their people are.

And how in the world then can HR, the gateway to bringing in the best and brightest, not know what impact an income statement can have on our future?!?!

This lack of understanding is why many leaders relegate HR to just being a “necessary evil”; which is a dangerous stance when they want to sit at the table.

If you are leading an organization that wants HR to be a profit center, then you should reach out to us. BMI has virtual financial programs that are engaging, interactive webcasts that help HR professionals understand not only how business works, but more importantly, where, and why the HR staff is so important to the financial health and value of the organization.

And to boot…BMI courses are accredited by both SHRM and HRCI!

Do not assume your organization’s HR staff is not part of that ‘almost 1 out of every 4’. Check out our website at www.bmigc.net for details on how we can help. Call us to have a real conversation about how we can bring your HR department to the leadership table in a way that will positively impact your profit and value.