As a follow-up to yesterday’s post, I found this article at CFO.com on employee productivity.
First of all, many of the 170 CFO’s surveyed came from “small companies.” Second of all, it’s obvious that what CFO’s/finance see as important HCM issues are very different than what HR practitioners see.
Question #3: Compensation is the biggest driver for employee effectiveness? I’ve written about this before. Comp drives employee recruitment, but it’s engagement, opportunities and satisfaction that drive retention. I think what drives employee effectiveness are opportunities to grow. I will cave in however and say that a good incentive comp plan will also inspire certain types of workers to increase effectiveness.
Questions #4 & #5: It’s interesting that employee learning is the best way to increase employee value, but training and skills/competencies are low on the issues list. CFO’s in this survey are obviously looking at (in Q5) cost factors and not ways to drive employee value. I’m not entirely sure I want to make this next sweeping statement, but if you look at real cost vs value metrics, I bet the value in enhancing employee productivity incrementally are much greater than time spent shoring up benefit costs. Don’t take that to mean they shouldn’t work on benefit costs. I just think the CFO’s are wrongly focused.
The below image comes from CFO.com. Please click here to read more about their survey.
One response to “CFO Magazine Survey on Employee Performance”
Het DD I see you are now nominated yourself, congrats.