Dave Ulrich joins the Tucana
People Analytics Podcast
Episode 2: How Much are your Leaders and Employees Worth?
Weekly discussions with leading practitioners, thought leaders, academics and tech pioneers; this week, with Dave Ulrich.
Listen to 40mins of lively chat with David Green or Max Blumberg, on a variety of current and fascinating topics around data-driven HR, workforce planning and new technology.
How Much are your Leaders and Workforce Worth?
Dave Ulrich and Max Blumberg are both highly respected thinkers and consultants in HR Analytics and Transformation, and here they share some fascinating anecdotes, revealing insight and provocative ideas.
They discuss the idea of quantifying the value that both leaders and employees bring to the business:
- What creates the value for a company?
- How do we define this value?
- Which are the companies that are doing the best work in this area?
- What are the metrics of successful leadership?
They discuss Dave’s concept of the Leadership Capital Index, and how companies are now quantifying the aspects of good leadership.
They discuss measuring the contribution of employees across the organisation towards business success in financial terms:
- What workforce metrics can be directly related to business success?
- How do we justify to investors the investment in developing leadership and people management?
- How do you convince investors of the value of people analytics?
Dave Ulrich outlines three ways to value a firm, and raises the question: how able are you to measure these things? And how do you communicate these values to investors and shareholders?
Finally, they discuss the challenge of focussing HR endeavours on business challenges, and putting HR investment into the context of business performance. They cover the cultural transformation required for HRDs to step up and speak on a level with the CFO and CMO in addressing the concerns of the CEO and investors.
World’s #1 HR Influencer
Read about his book, “The Leadership Capital Index: Realizing the Market Value of Leadership: http://thinkers50.com/blog/realizing-the-market-value-of-leadership/