TemboStatus - how to spend your hr budget

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How to spend your HR budget

Need a great looking title slide1Did you know?2

North American companies spend $72 billion each year to find and hire talent.Source Bersin

On average, companies spend $3300 per hire.Source Bersin

By comparison, $1.5 billion is spent on talent retention, including measuring engagement and motivating performance.Source BersinAnd yet . . .6

80% of an organizations value - intangible - lies in the talent they already have.Source BersinSource GallupIts three times as costly to replace an employee as it is to acquire a new one.

And . . .9

Where should I invest?Nothing spurs people to greater heights than being recognized for their effort & accomplishments. Recognition is a tactical driver of engagement. When done right it can drive engagement and discretionary effort, help managers be better managers, create institutional memory and reinforce corporate culture.11Costv.Investment

Survey & Pulse

Source: Towers WatsonMake Data Based Decisions

Source: Towers WatsonDid you know that recognition can boost employee engagement by up to 60%?

Source: Towers WatsonRecognition.Nothing spurs people to greater heights than being recognized for their effort & accomplishments. Recognition is a tactical driver of engagement. When done right it can drive engagement and discretionary effort, help managers be better managers, create institutional memory and reinforce corporate culture.17Did you know that recognition can boost employee engagement by up to 60%?

Source: Towers WatsonOrganizations that clearly communicate mission and purpose to employees are 5% to 15% more profitable and have 30% less turnover.

Source: GallupEmployees who report being recognized on a regular basis have higher levels of job satisfaction.

Source: GloboforceFeeling valued at work is a key indicator of job performance.

Source: Corporate Executive Board

What do I do?

Recognition is a valued form of communication Different employees are motivated by different rewardsLeverage recognition as a business asset

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