Performance Solutions Analytics: Making the Case for Workforce Recognition ROI
Strategically planned and well-executed budgeting for Enterprise Total Recognition gives you the tools you need to demonstrate fiscal responsibility for workforce recognition, which in turn sets the stage for you to:
- Allocate appropriate budgets
- Track spending
- Reconcile your spending to your budget
Inspirus analytics give you the data and ROI metrics you need to accurately assess your program’s performance, based on your specific goals. Customized dashboards and reporting functions are fundamental to the Inspirus analytic tool set.
With measurement parameters in place, structured recognition programs can deliver positive actions linked to individual employee behavior that supports your corporate strategy. The Inspirus technology platform allows clients to gather and use specific and quantifiable measurement data, including such indices as:
- Percent participation in a program
- Overall registration rates
- Recognition frequency rates
- Number of recognition contacts or "touch points"
Measurement is an ongoing process. Program measurement services include developing a customized total recognition scorecard that identifies the relevant key performance indicators for workforce recognition in general, specific program metrics, management goals and accountability, as well as system-related activity.
Other analytic services within Inspirus Performance Solutions include:
- Measurement models
- Benchmarking
- Financial analysis
- Focus groups and evaluation
- Surveys and evaluation