Measuring ROI Impact of ERGs/BRGs Book

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There is growing pressure on both Employee Resource Groups and Business Resource Groups to show measureable results for their initiatives, programs, and company-sponsored events. As companies continue to look for ways to cut costs and improve financial returns there is increasing interest in establishing Business Resource Groups and transforming ERGs to BRGs that have the skills to measure the ROI of their initiatives. This book provides a comprehensive, yet practical approach for aligning, collecting, analyzing and reporting the ROI impact of all ERG and BRG initiatives. Chapter 1, “What are ERGs and BRGs” provides a definition of Employee Resource Groups and Business Resource Groups as well as an overview of their history and evolution in a business context. Chapter 2, “Aligning ERGs and BRGs with Organizational Strategy” explains the importance of strategically aligning ERG/BRG initiatives with the organization’s strategic goals and objectives. Chapter 3, “The Hubbard ERG BRG ROI Analysis Model” outlines four time-tested ROI-focused analysis phases that produces a comprehensive and systematic framework for analyzing the ROI impact of ERG/BRG initiatives. These steps are designed for today’s fast-paced, need –it-yesterday business environment. They save ERG/BRG members time, enhance their productivity with each step and improve their ability to produce high quality performance improvement interventions that drive business goals, objectives and ROI. Chapter 4, “Prepare and Collect Data” meticulously guides you through critical data collection requirements to produce value-added results. Chapter 5, “Isolate the ERG BRG Initiative Contribution” will help you select a method to isolate your ERG/BRG initiative’s contribution to the organization’s goals and objectives versus other contributing factors. Chapter 6, “Convert the Contribution to Money” walks you through specific strategies to convert either hard or soft data to monetary values. Chapter 7, “Calculating the Effectiveness and ROI Value Impact of ERGs and BRGs Initiatives” contains a detailed process to calculate the ROI value of ERG and BRG initiatives. It is complete with formulas and examples to illustrate their application to show evidence-based results of the ERG/BRG initiative’s impact. Chapter 8, “Communicating Your ERG and BRG Success” explains a few general principles that are important when communicating your ERG/BRG initiative’s results. Chapter 9, “Tracking and Assessing Progress” explains some key considerations for tracking and assessing the overall progress of your ERG/BRG ROI initiatives. Chapter 10, “Building an ERG BRG ROI Implementation Plan” completes the book with a discussion of the essential ingredients needed to successfully implement your ERG/BRG initiatives and methods to manage the elements of change that are generated when these actions are set in motion.