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The new year is a chance for new beginnings, and it’s the perfect excuse to review your business operations to see where you can improve.

Good businesses look both inward and forward in order to match or surpass a previous year’s performance. Companies looking to expand and make 2017 their best year ever should look at their operation from top to bottom and think holistically about everything from staffing to company performance within the industry.

Personnel Management

Businesses typically look at human resources as being completely separate from the rest of their operations. For instance, some businesses value sales more than recruiting. However, you can take all the orders you want, if you don’t have great workers to fill those orders, it’s like having a high-performance car without a powerful engine to back it up.

Businesses should monitor their performance as a function of their individual workers; from how they are sourced, to how they work, and how they are let go. Going over the performances of individual employees has to be a big part of this holistic process. If you’ve got a robust human resources department, it should be intently tracking and coaching employees to hit their essential goals.

Once HR has a sense of how each worker is doing, the department can then go back and see where top performers came from and how they were onboarded. These insights can lead to a more effective sourcing and training of talent.

Performance Within the Industry

It is essential for a company to understand how it is performing from a financial and growth standpoint. For example, Staffing Industry Analysts calculated that the IT labor market grew six percent in 2015 and would grow at the same in 2016.

If your business is performing at the same pace as the entire industry, you’re just keeping up. That’s fine if your company is content with being average. However, if you want 2017 to be your best year ever, average isn’t going to do.

To move ahead of the pack, your business should be looking at major performance markers such as interviews-to-job fill ratio. Essential criteria should be intently scrutinized to ensure that you’re hitting performance numbers that translate to success.

If you find out that you are falling short, you need to make decisions that will affect performances in critical areas.

Connect to Your Community

One New Year’s resolution that should be a must for any business is to connect and give back to the surrounding community. There are all kinds of worthy companies that make a difference in your community. Make this the year your company sponsors a charity event or sends employees on a volunteer mission. In addition to boosting morale in the company and the community, giving back grows goodwill for your business.

At Cornerstone, we support companies trying to reach ambitious goals by providing them with custom staffing solutions and managed services. If your company could use these services to make 2017 its best year ever, please contact us today.

 

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