2 EMPLOYEE VALUE OPTIMISER | BDO LLP
Employee Value Optimiser
Many HR decisions are made based purely on experience, half-truths or what someone has seen work elsewhere. Clearly, this is far from ideal. The reality is that data is everywhere in the people space. But it is used inconsistently, often to prove a hypothesis, and then discarded. Evidence-based HR uses data and expert analysis to understand the connection between people and business outcomes. Viewing employee data in a consistent format, particularly when compared against other metrics, enables boards and HR teams to explore what is really happening. And to make decisions supported by data that everyone recognises. What is the Employee Value Optimiser (‘EVO’)? EVO is a people dashboard which views the people dimension via four lenses:
Why EVO?
Board level insights Provide your Board with a comprehensive overview of your people data – focussing on trends, risks and opportunities. Strategic decision support Prioritise and enhance the delivery your people experience by offering data-driven insights to aid informed, targeted decision-making. Easy to digest graphics Engaging visualisations, charts, and graphs make vast amounts of complex data easy to understand and interpret. External benchmark Enables a view of how your practices compare to other organisations.
Workforce 1
Reward 2
ED&I 3
Performance 4
How does it work?
Step 1 We provide a simple template to collect your data The basic data points
Step 2 We run the dashboard and analyse the outputs We use consistent
Step 3 We prepare a bespoke ‘key insights report’ derived from the data for each lens The report may raise issues for follow up or further investigation.
Step 4 We present the report to you and your Board The discussion about
metrics and ratios to enable faster analysis and benchmarking of outcomes by sector and size.
the key insights report, and what the dashboard tells us, is where the value lies.
are all available from your HRIS system and your statutory or management accounts.
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