New web based ROI calculator at www.racameron.com identifies the benefit from investing in employee assessments.
Calculate the ROI of employee hiring and development programs that utilize employee assessments. Discover how much you need to gain in productivity to offset the cost of the improvement programs using this web based calculator.
(PRWEB) January 19, 2004 --As companies struggle with employee turnover and performance problems they often overlook the resulting impact of declining productivity. They are reluctant to spend money on programs, like employee assessments, to improve productivity and reduce turnover because all they can see is the cost of the program, but not the ROI.
Robert A. Cameron & Associates recently launched a simple to use, and free, ROI calculator on their web site www.racameron.com Robert Cameron, their CEO says this calculator gives you hard numbers to help you measure the financial impact of gaining back productivity. Business executives need to know the financial impact of spending money on programs designed to gain back lost productivity, so they can justify the cost."
Robert Cameron goes on to say we deal regularly with companies experiencing turnover rates in the 40% range and their executives rationalize the problem away by saying that it is typical of the industry. We also deal with companies in those very same industries that have turnover that is a fraction of that 40%, because they recognize the value of employee performance improvement programs". Who do you think is more profitable?"
There are many reasons for lost productivity but one of the biggest is job fit". All too often we put the wrong person in the wrong job, with predicable results. To compound this we use the same hiring practices over and over again. Unless you try something new to improve job fit, dont plan on any improvement. Cameron suggests, the use of employee assessments as an employee hiring and development tool will get the right people in the right job and improve the performance of your company".
The ROI calculator gives you a quantitative analysis of what the expected gains will be. You will be surprised at how easy it is to get a very positive ROI when just a modest increase in productivity is realized. Cameron reminds business executives of the old saying you cant manage what you dont measure".
As the economy strengthens and the job market improves, many reputable sources predict massive job movement because people who have been dissatisfied with their jobs are ready to jump ship. Cameron says if you dont have your house in order soon you are going to pay a hefty price through high turnover of your best employees". Take a hard look at the costs and benefits of an employee retention program. You wont regret it.
Robert A. Cameron & Associates specializes in employee assessments and performance improvement. They help companies get the right information to more effectively hire, manage, motivate, and develop their employees, and to get the right people in the right jobs. Based in Weston, FL they help companies across the country become more profitable by solving their people issues". They can be contacted at 954-385-8701 or by email at racameron@bellsouth.net
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