05/01/2023
The 6 R's of High Performing HR Teams
1. Recruit: How good are we at finding, identifying, selecting, and onboarding of new employees? How efficient is our direct hiring practices vs. the use of third party firms? What is the quality of hire? How high is our 90-180 voluntary and involuntary turnover?
2.Reward: How well your employees feel they are rewarded for their performance, living the corporate values or for doing more than our job descriptions stated. Are we properly rewarding the top performers within the business in an equitable way? What types of rewards are we providing and is it enough to keep your talent fully engaged?
3. Recognize: Giving internal case studies and successes can help to bring change within an environment quicker than just words in order to change behavior. Who we choose to recognize and how they are recognized can go a long way. This bucket does not always require financial investment but is an effective tool to engage talent while improving the goals of the business towards Equity, Diversity, Inclusion and Belonging.
4. Retain: Is a myriad of other factors contributing to the retention of top performers, key talent and future skills needed for future success. This is a shared responsibility between all stakeholders but can be used as a tool to identify gaps, while improving development of those with less than exemplary rates of turnover. Listening, asking and hearing the WHY people choose to stay rather than just when they are leaving in an exit interview will help give the business more opportunity proactive solutions in an agile framework, keeping you ahead of the competitive market.
5. Ripen: Growing talent is much less expensive in the long run for the business, which is why a balanced approach of buying, renting, growing and botting talent is required today. Identifying high potentials early within their employee lifecycle to proactively direct them into development programs to keep them within the business. Identification of current skills, future skills, current gaps will be critical for businesses to be success in a highly competitive labor market that isn't changing or "going away".
6. Refine: Continuously revisiting the effectiveness and efficiency of people, process, technology and partnerships. Defining measurements to each item to determine what needs intervention and investment, and seeing what simply is just white noise.