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Senior HR leaders affiliated with Forbes HR Council respected Emerging metrics that companies should use when assessing performance.
Centered around remote working, employee well-being and diversity measures, these metrics have the power to revolutionize the modern workplace.
By adopting these metrics, businesses around the world can create more adaptable, inclusive and productive workplaces, these HR leaders say.
This is given that the global workplace landscape has undergone significant transformation over the past decade, with countless changes, innovations and challenges shaping the new work landscape.
Nigeria and other countries across the globe are not immune to the rapid transformation of the new world of work. This has led to a gradual shift in traditional ways of measuring performance and engagement, which no longer fully address the complexities of contemporary work environments.
These metrics are presented by senior and experienced HR leaders who have been accepted by the Forbes HR Council based on their experience and work experience working for companies with at least $1 million in revenue, or companies that have raised at least $1 million in financing.
The following are the proposed indicators:
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workplace loneliness index
Karen Perham-Lippman, Otis Elevator Company The Workplace Loneliness Index is recommended to assess the prevalence of workplace loneliness and the effectiveness of measures designed to promote inclusion and psychological safety.
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Return on Commute (ROC)
Dr. Timothy J. Giardino, BMC Software The ROC recommends measuring the value of commuting in terms of productivity gains versus commuting time and costs (which impact attendance at work).
Emphasize the importance of low new employee turnover, promote robust recruiting and onboarding processes to retain top talent, and support them with comprehensive job descriptions and management involvement.
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Remote participation efficiency
Karina Bernacki from VSCO Proposing remote engagement effectiveness as a metric for hybrid workplaces. This assesses the balance between employee engagement and productivity in a remote environment, highlighting the effectiveness of virtual collaboration and work-life balance.
It helps organizations enhance remote working practices to improve well-being and productivity outcomes.
Rachel Fletcher of Stellar ElementsThe Amdocs company emphasizes human resource efficiency as a key metric today. It assesses the fit of HR strategies with organizational goals as a key indicator of HR’s role in promoting organizational success in changing dynamics.
Melissa Banek from IMC – Transactions Introduced the Neurodiversity Index, which measures an organization’s support and integration of neurodiverse employees. This metric focuses on the recruitment, modified work schedules and retention of neurodiverse employees to promote inclusion.
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Collaboration Diversity Engagement Score (CDES)
Katrina Jones, Acacia Network It is recommended that CDES measure and improve the impact of diversity in team settings. It evaluates how diversity and collaboration enhance organizational success and emphasizes effective teamwork among diverse groups.
Vishal Bhalla, health advocate It is recommended to measure the time from application to first working day or paycheck. This applicant-centric metric reflects HR’s shift toward consumer-centricity, which is critical for assessing recruitment quality and efficiency.
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Talent Mobility Rating (TMR)
Nicky Hancock from AMS TMR is discussed, which evaluates the effectiveness of using internal resources to achieve role fulfillment and career development and compares this to external recruitment practices.
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Employee happiness score
Bala Sathyanarayanan of Greif Inc. There is an emphasis on well-being scores that measure employees’ mental, emotional and physical health, and an emphasis on a supportive and sustainable workplace environment.
Tammy Harper from CAI Focus on employee engagement and well-being, which is critical to employee retention, performance and culture, ensuring a workforce that is efficient, agile and recognized.
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Remote Productivity Index (RPI)
Liz Corey of Velosio Introducing the RPI, which will evaluate the effectiveness of remote working based on task completion, collaboration and employee satisfaction with their tools and support.
Hyde Aberly of SageX Advocate for the Skills Agility Index to assess the adaptability of new skills required by market changes and technological advancements, encouraging continuous learning and development.
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Support work outside the role
Bryan Passman of Hunter + Esquire The importance of measuring employees’ extra-role support efforts is emphasized, recognizing and rewarding those who make significant contributions outside the scope of their job.
Ursula Mead of InHerSight Emphasize the importance of recognition as a key driver of employee satisfaction and promote visible recognition of individual achievements in remote environments.
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Productivity time
John Feldman(Insperity) It is recommended to measure the time it takes for new employees to become productive and evaluate the effectiveness of onboarding and training programs across roles and locations.
Niki Jorgensen of Insperity Examine early turnover rates to determine what percentage of new hires leave within the first year as a key metric for addressing onboarding, culture, or compensation issues.
Michael D. Brown of Buckhead Global Recruitment Measuring true advocacy through Employee Net Promoter Score (eNPS) measures employee loyalty and an organization’s true attractiveness as a place to work.
Erin ImHof of CertiK Evaluate benefit plans based on enrollment and usage, assessing the necessity and popularity of different benefits to optimize health plan offerings.
Marcy Klipfel of Businessolver Considers empathy an important component of employee engagement and retention, and notes that more and more CEOs recognize the value of empathic leadership approaches.
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