SAN FRANCISCO–(BUSINESS WIRE)–15Five, the performance management platform that drives business results, today announced the launch of its HR Outcomes Dashboard, giving HR leaders a way to easily measure, analyze, and act with confidence on the data that connects their performance management programs to business impact.
The HR Outcomes Dashboard captures the organization’s key talent data within the 15Five platform, then synthesizes that data into the three primary outcomes of most concern to both HR leaders and the c-suite: maximizing employee performance, reducing regrettable turnover, and increasing employee engagement. It also provides a new measure of manager effectiveness, a key driver in achieving those outcomes.
This addition to 15Five’s performance management platform comes at a moment when many HR leaders are being asked to demonstrate greater strategic value. The most recent Sapient Insights HR Systems Survey found that less than half (46%) of HR functions are viewed as strategic partners by the rest of the c-suite. Meanwhile, functions such as Finance and Supply Chain are seen as contributing strategic value by their organizations at a rate of 67% and 60% respectively, according to Sapient.
“Change management is a nearly insurmountable challenge for many HR leaders because they cannot procure executive buy-in for their programs,” said Jeff Smith, 15Five’s Head of Product. “Buy-in is not just about obtaining budget approvals but about a true partnership, where CEOs and COOs rally behind strategic performance management or manager development initiatives. We see the HR Outcomes Dashboard as a bridge between HR programs and business results so that not only will CFOs understand the business case and approve programs, but CEOs can shift the strategic vision of the organization and drive the adoption of critical HR programs. Only then can businesses change for the better.”
The dashboard solves the challenge of consolidating data across disparate sources to make connections and correlations that support strategic business decisions. It shows, for example, how a strategic manager enablement initiative like deploying manager training via 15Five’s Transform product directly impacts employee engagement and reduces regrettable turnover. This ultimately impacts the bottom line due to the high cost to replace top performers. Conversely, the dashboard provides metrics that can help uncover turnover risks, poor performance, and ineffective management before they negatively impact the organization.
To see a demo and learn more about 15Five’s HR Outcomes Dashboard, visit booth 3237 at the 2023 SHRM Annual Conference & Expo in Las Vegas from June 11 – 14.
About 15Five
15Five is the performance management platform that drives business results. By continuously measuring the indicators of employee engagement and performance that matter most, 15Five helps HR leaders uncover risks of turnover, poor performance, and ineffective management before they impact the organization. 15Five’s approach provides HR with everything they need to achieve their strategic people objectives, and the data to tie those objectives to business outcomes. The platform combines 360° performance reviews, actionable engagement surveys, robust goal & OKR tracking, customizable manager training, and ongoing manager-employee feedback tools like weekly 1-on-1s and check-ins. Together, all of these enable HR leaders to deliver high engagement and performance within the flow of work, and empower their managers to drive change from the bottom up. 15Five is loved by strategic HR leaders, managers, and employees at over 3,500 companies, including Credit Karma, HubSpot and Pendo. Learn more at www.15five.com.
