Businesses today live and die on their return on investment. Companies invest in expansion, marketing, infrastructure and the many other components of the operation. Boards of directors and shareholders want to know whether those expenditures truly bring value and growth.
No component of the business today escapes ROI analysis. To
answer that critical question across the many facets of the business requires
measurement to gauge whether the money and time spent on something is yielding
the intended results.
Understandably, then, executives and managers are increasingly
focused on measurement in its various forms through any number of means. The
growing availability of digital analytical tools is making that more readily
attainable on an increasingly regular basis for an expanding list of activities.
In the rush to quantify anything and everything, the
expectation is that we need to monitor those measurements. But monitoring means
more than just logging numbers and percentages. We must also gain insights from
them and make adjustments in our decision-making.
For marketing departments, for instance, weekly fractional
ticks of market share up or down can mean millions of dollars, plus or minus. Determining
the thrust of an expensive promotional campaign is built on the reactions of
focus groups and measures of message penetration.
Internal Analytics
But when we start measuring what’s happening among the
people inside the organization, what are we chasing?
Let’s assume we can get a monthly read on what the
employees are looking at on the internal website, how many are viewing what,
for how long, what they’re doing with it, who they’re sharing what with, etc. Also,
we can discern what they’re chattering about on internal social media.
But what do we do with that information? Do we become
obsessive about it? Do we become reactive? Do we become too reactive?
Monitoring employee communications is certainly a
critical and potentially valuable capability, insofar as it enables us to respond
to employee information needs and adjust what we provide them, when, and
through what channels. Beyond that, what are we looking for?
The problem with such monitoring is its potential to entice
us to get ahead of ourselves – ahead of a curve that may or may not be
critical, a curve that we may or may not be able to define – to make us too
smart by half when what we need to be providing to our internal audiences is
something far simpler than what analytics might lead us to believe.
At base, employees are just trying to do their job, to be
good at it, to get better, to be acknowledged for their contributions, and to
be aware of and understand the relentless changes that they and their company
must adapt to.
Providing
Relevance and Context
As communicators, our primary role then is to provide the
context and information to help employees stay abreast of the shifting
marketplace and its multiple impacts on them and the company. If we do our jobs
well – everything else being equal – then the company thrives, employee
attrition stays low, and high quality talent is attracted to the company.
In the alternative case, the business fumbles its opportunities,
under-estimates challenges, and fails to meet revenue and profit targets. The
best talent leaves and the mediocre remain. Growth and success elude the
organization.
In the short-term, measuring the quality of our employee
communications, then, becomes an opportunity to stay on top of and eliminate
the gaps in understanding among the internal audience that can fester into poor
performance or activities that don’t add value.
Monitoring the conversation inside the organization should
be less about numbers and percentages and more about the content and context of
that conversation. If our analytics and monitoring allows us to determine
whether key messages are resonating or not, then they become truly valuable.
They can give us critical and timely guidance to help us adjust our content,
relevance, cadence and context to assure maximum effectiveness.
So in that regard, yes, measurement is important and can
be valuable. Rather than becoming obsessed with tenths of percentage points
that measure intranet traffic, we must focus instead on delivering timely,
relevant information and context. That is how we will contribute to the success of the
organization and its people. And that’s how we deliver return on
investment.
1 comment:
Great article, Jack. On a micro scale, I find with my clients that my most important job is to be an accurate and compassionate mirror of where they are, what they have, what they want and how they feel about it Usually, they then have a pretty good idea of what needs to be done to navigate the future. I suspect the most effective use of macro date regarding employee computer use would be to transparently summarize it for them with no [immediate]judgement or consequences. E.g. "80% of employees spend 90 minutes/day on personal FaceBook activity during work hours, at a cost to the company of $1.2 mil./yr., reducing your profit sharing an average of $2000/yr/employee". They might think, "Holy @#$%, we have to reduce this."
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