Human Capital Management
[Podcast] Manage Your Employees with a Career Path
Discover the specific steps and best practices you should be following in order to get the most value out of a career pathing process. In this episode of the Dealership HCM podcast, Bart and Jason discuss how dealership leaders can manage their employees with a career path and what to watch out for when implementing this process.
Listen here or wherever you get your podcasts:
Notes:
Learn more about the DrivingSales Master Certification here:
https://bit.ly/3qhRL2O
Click here for more info about DSES 2021:
https://bit.ly/3vo60FX
About the DrivingSales Dealership HCM podcast:
Hosts Bart Wilson and Jason Volny have over 30 years of automotive retail experience. Each week take a deep dive into a different topic that will focus on how to train, develop, engage, and retain your people. Episodes will focus on human capital management, improving processes to improve your store, and what today’s workforce is looking for in a career.
DrivingSales Human Capital Management is an employee management platform built to maximize the performance of dealership professionals. Dealers across the world use the HCM platform to automate the most important processes, such as onboarding, training, performance reviews, and more. Dealerships implementing these processes experience increased employee performance, a positive dealership culture, and higher sales. Learn more about the DrivingSales Human Capital Management platform today and see how you can maximize your dealership success. Go to: https://hcm.drivingsales.com/hcm
Human Capital Management
[Podcast] Craft a Reward Structure that Motivates Your People
In this episode of the DrivingSales Dealership HCM podcast, Bart and Jason discuss the steps to creating a reward structure for your dealership that motivates your employees and leads to increased results. Discover creative methods for incentivizing your people other than money that you should try today.
Listen here or wherever you get your podcasts:
Notes:
Learn more about the DrivingSales Master Certification here:
https://bit.ly/3qhRL2O
About the DrivingSales Dealership HCM podcast:
Hosts Bart Wilson and Jason Volny have over 30 years of automotive retail experience. Each week take a deep dive into a different topic that will focus on how to train, develop, engage, and retain your people. Episodes will focus on human capital management, improving processes to improve your store, and what today’s workforce is looking for in a career.
DrivingSales Human Capital Management is an employee management platform built to maximize the performance of dealership professionals. Dealers across the world use the HCM platform to automate the most important processes, such as onboarding, training, performance reviews, and more. Dealerships implementing these processes experience increased employee performance, a positive dealership culture, and higher sales. Learn more about the DrivingSales Human Capital Management platform today and see how you can maximize your dealership success. Go to: https://hcm.drivingsales.com/hcm
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Human Capital Management
[Podcast] Establishing Metrics. Are You Focusing on the Right Ones?
We've discussed the importance of selecting and tracking metrics that allow you to better understand the success of your employees, but how will you know you've chosen the right ones? In this episode, Bart and Jason discuss several filters that you can use to determine if you are focusing on the right metrics for your team. We discuss how to make sure that the tasks and activities that you measure and track actually add value to your team and don't become just another box that we check.
Listen here or wherever you get your podcasts:
Notes:
Learn more about the DrivingSales Master Class here:
https://bit.ly/3qhRL2O
About the DrivingSales Dealership HCM podcast:
Hosts Bart Wilson and Jason Volny have over 30 years of automotive retail experience. Each week take a deep dive into a different topic that will focus on how to train, develop, engage, and retain your people. Episodes will focus on human capital management, improving processes to improve your store, and what today’s workforce is looking for in a career.
DrivingSales Human Capital Management is an employee management platform built to maximize the performance of dealership professionals. Dealers across the world use the HCM platform to automate the most important processes, such as onboarding, training, performance reviews, and more. Dealerships implementing these processes experience increased employee performance, a positive dealership culture, and higher sales. Learn more about the DrivingSales Human Capital Management platform today and see how you can maximize your dealership success. Go to: https://hcm.drivingsales.com/hcm
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Human Capital Management
[Podcast] Effort vs Performance Metrics: Get a Better Understanding of Your Team's Success
In this episode, Jason and Bart discuss the importance of choosing the right metrics to track for your team and how those generally fall into two categories, effort and performance metrics. We'll highlight the difference between these metrics and how both are critical to fully understanding the performance of your employees and how managers who don't prioritize both kinds of metrics will have an uphill battle when coaching their people.
Listen here or wherever you get your podcasts:
Podcast notes:
Learn more about the DrivingSales Master Class here
About the DrivingSales Dealership HCM podcast
Hosts Bart Wilson and Jason Volny have over 30 years of automotive retail experience. Each week take a deep dive into a different topic that will focus on how to train, develop, engage, and retain your people. Episodes will focus on human capital management, improving processes to improve your store, and what today’s workforce is looking for in a career.
DrivingSales Human Capital Management is an employee management platform built to maximize the performance of dealership professionals. Dealers across the world use the HCM platform to automate the most important processes, such as onboarding, training, performance reviews, and more. Dealerships implementing these processes experience increased employee performance, a positive dealership culture, and higher sales. Learn more about the DrivingSales Human Capital Management platform today and see how you can maximize your dealership success. Go to: https://hcm.drivingsales.com/hcm
1 Comment
Sincro Digital
Guys, great job on this podcast...a lot of meaningful information here for those that will take the time to listen.
Human Capital Management
Leveraging Data to Drive Success
The retail automotive industry is full of motivated and ambitious dealership professionals who want to win. They are driven to work hard and get results. However, a major obstacle when realizing this goal is that many employees, although they want to win, don’t know what success looks like. This is especially true when it comes to new employees. Effective dealership leaders need to show their teams what success looks like and how they can get there.
Metrics that Lead to a Winning Team
Defining success is more nuanced than simply saying “sell x cars per month”. Although this is a very important metric that we should be tracking and constantly improving, it isn’t the only key behavior we should focus on. Dealers that focus solely on the end result, find themselves in a difficult position when they have underperforming members of the team. If “sell x cars per month” is the only metric you are focusing on, and someone doesn’t hit that goal, then that person must be a bad hire, right? That might be the case, but it might also be that this employee has the right traits and competencies but is struggling in other areas that are affecting their ability to get that end result. We won’t know unless we track the right metrics and use data to get a full understanding of the effectiveness of our employees and how they can potentially address that lack of performance.
Effort vs. Performance Metrics
It’s critical that we measure the key actions and behaviors that lead to success. This behavior will be unique for each role and organization and it’s the responsibility of the leadership team to identify these specific actions. However, these metrics generally fall into one of two categories; Effort or performance metrics.
Effort metrics measure how hard an employee is working towards success. The employee has total control over this metric and failure to hit effort goals are generally an indicator of low effort or a lack of understanding of how they should be focusing their time. For example, a BDC rep with a goal of x calls per month is a good example of an effort metric. That BDC rep is in total control of the number of calls they make and should be able to hit a reasonable goal for this metric regularly.
Performance metrics generally depend on multiple factors and are usually a culmination of the effectiveness of several different actions leading to an end result. Back to our previous example of the number of cars sold, this a common example of a performance metric.
It’s important that you focus on both categories of metrics. If done correctly, effort and performance metrics should complement each other and give managers a deeper understanding of the efficacy of their people. Poor effort could be a sign of employees who lack motivation or perhaps they are focusing on the wrong actions. If performance is lacking, but the effort is exceptional, there could be a skill gap there that needs to be addressed with training and coaching.
Each organization will be unique but it’s important that both categories of metrics are prioritized. Having this data will lift the fog that we sometimes have to manage through and allow leaders to better understand, support, and guide their people to success.
DrivingSales Human Capital Management is an employee management platform built to maximize the performance of dealership professionals. Dealers across the world use the HCM platform to automate the most important processes, such as onboarding, training, performance reviews, and more. Dealerships implementing these processes experience increased employee performance, a positive dealership culture, and higher sales. Learn more about the DrivingSales Human Capital Management platform today and see how you can maximize your dealership success. Go to: https://hcm.drivingsales.com/hcm
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