The human arsenal has various boast-worthy capabilities, but honestly, it is still yet to possess anything more valuable than that tendency of improving on a consistent basis. We say this because the stated tendency has already enabled us to hit upon some huge milestones, with technology emerging as a rather unique member of the group. The reason why technology’s credentials are so anomalous is, by and large, based on its skill-set, which was unprecedented enough to guide us towards a reality that we couldn’t have imagined otherwise. Nevertheless, a closer look should quickly reveal how the whole runner was also very much inspired from the way we applied those skills across a real-world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence and made it the ultimate centrepiece of every horizon. Now, having such an ingenious piece running the show did scale up our human experience from all conceivable directions, but even after reaching so far ahead, this prodigious concept called technology will somehow continue to deliver the goods. The same has turned increasingly evident over the recent past, and truth be told, a new development around the human resources block should only power that trend to bigger and better heights moving forward.
Paycor, a leading provider of human capital management (HCM) software, has officially launched a new COR Leadership Dashboard, which is purposed around providing you with actionable data regarding leadership effectiveness so to drive better engagement and maximize performance. But what helps this dashboard in gauging the stated efficiency? Well, it bases its judgement on three different metrics i.e. coach, optimize, and retain. In the Coaching aspect, the technology studies how someone holding a leadership role is investing in individual employees, and therefore, getting them to uncover their holistic career aspirations. The idea here is to analyze those aspirations and align them with the company’s mission and other strategic objectives. Next up, we dig through the Optimization metric, where the primary goal is ensuring employees are meeting team, as well as personal goals, and the dashboard does so by simply calling for greater accountability on both the fronts. Lastly, we cover Retain. This one is all about incentivizing employees in a manner which actively makes them and their contributions feel valued, thus improving retention across the board, a benefit that automatically reduces hiring costs for the company.
“This is the proof in the pudding, as we continue to refine and optimize our product to empower leaders to build winning teams,” said Ryan Bergstrom, Chief Product Officer at Paycor. “The COR Leadership Dashboard provides relevant employee data trends and provides leaders targeted actions to coach and retain talent in today’s fast-paced working environment.”
Interestingly, this isn’t first time Paycor has tried to scale up leadership quality in the commercial space. The company previously introduced a COR Leadership Framework, which aimed at inspiring companies to invest in effective frontline leaders.
In terms of how the whole operation works on a more practical note, the dashboard leverages the survey capabilities embedded in Paycor Pulse to collect feedback from employee reports, with their assessment covering all three proverbial metrics. The said assessment is then treated with native language processing techniques to categorize unstructured feedback by theme and positive/negative sentiment. Through clear-cut categorization, the leaders are able to quickly understand what areas they must focus upon.
Founded about 30 years ago, Paycor is widely-considered a dependable player when it comes to human capital management. The company’s excellence in delivering various services, such as recruiting, onboarding and payroll, career development, retention, and more, is also validated by the fact that it currently serves more than a whopping 29,000 customers.
