Human capital management is a combination of practices that assist companies in attracting, hiring, training, developing, and retaining top employees. Employees can make or break a company. They spend most of their days contributing to the company’s success and achievement of the business goals and objectives. Everyone talks about building a relationship with your customer…. Read more
Definition of Avoided Cost Avoided cost is a KPI that measures the expenses that would have been incurred if a resource were not available, a repair had not been made, or another preventative measure had not been taken to avoid future costs. Measuring avoided cost is a great strategy for businesses who want to increase… Read more
Now more than ever, the business landscape is changing. Businesses are rearranging their company culture, employees are reevaluating their career trajectories, and the residual effects of supply chain interruptions still create roadblocks in many industries. It’s become more important for businesses to find the most effective way to manage their business and remain agile during… Read more
In 2022, OKRs are more important than ever for businesses looking to achieve success. In today’s fast-paced and constantly-changing world, organizations need a way to measure and track their progress quickly and easily. And OKRs provide just that. According to the Harvard Business Review, on average, a whopping 95% of a company’s employees are likely… Read more
Did you know that highly engaged employees make a business up to 21% more profitable? The key to unlocking the impressive advantage that engaged employees provide is to understand employee needs and how to fulfill them. Clients do not come first. Employees come first. If you take care of your employees, they will take care… Read more
The faculty of reasoning and questioning are the two important traits that define our success as a species. These traits constantly make us question the purpose of our existence and send us in a quest towards finding who we are and where we belong to. These questions are extremely important, as they give a meaning… Read more
Operating cash flow (OCF) is the cash a business generates from regular operations. It doesn’t consider secondary revenue sources such as investments. The operating cash flow shows your financial performance on the primary business operations. Let’s dive deeper into why operational cash flow is essential and how to calculate and present this key performance indicator… Read more
As a project manager, performance is everything. Businesses invest their time, capital, and human resources into making projects work successfully. So how do you tell that your project is on time, on budget, and profitable long before it’s over? One way is by using the cost performance index, or CPI. This seemingly simple indicator can… Read more
Company culture determines employee productivity, motivation, well-being, and engagement. Great company culture is vital in creating and nurturing the necessary traits to ensure business success. Companies with thriving cultures have high employee satisfaction and retention rates because they invest in employees. Corporate culture is the only sustainable competitive advantage that is completely within the control… Read more
The growing need for OKRs In a highly competitive business environment, it is crucial to dream big, achieve more and push the boundaries further every time. High growth and achievement isn’t just for companies who want to lead the pack and find success– it’s for survival in today’s highly competitive market. This is because only… Read more
Talent management is a systematic process that assists in attracting, identifying, developing, engaging, retaining, and deploying valuable employees. For talent management to be effective, the strategies must align with the business goals and objectives. Strategic talent management allows a company to develop a high-performance work environment. It adds value to the brand, promotes a learning… Read more
A KPI Dashboard is a visualization tool that converts KPIs, raw data, and metrics to simple forms such as graphs and charts. Marketers should apply a scientific approach to data in the current digital world. Key Performance Indicators or KPIs are modern tools that help run a business effectively. They use measurable values to show… Read more