Latest news with #BalancedScorecard
Yahoo
17-03-2025
- Automotive
- Yahoo
Hyundai partners with Loop for data-driven retailer insights
Hyundai UK has partnered with automotive data solutions provider Loop to enhance the performance of its retailer network through data-driven insights. The partnership will focus on improving productivity and profitability, as well as ensuring consistency across Hyundai's UK retailers by using advanced data analytics. Loop will provide Hyundai with its 'Balanced Scorecard' solution, designed to track 30 key performance indicators (KPIs) across the 148 retailers in the UK. According to Loop, the scorecards will not only identify which retailers are excelling or underperforming but will also delve into the reasons behind their performance. The company added that its Balanced Scorecard will also streamline the performance analysis process for Hyundai, replacing manual methods with real-time data and actionable insights. The solution is designed to provide flexibility in reporting, allowing results to be viewed across various hierarchy levels such as retailer, group, area, or region. It also supports customisation through editable KPIs, helping Hyundai to tailor the data to its specific needs. Loop's platform combines KPI reporting, scorecards, action plans, field team visits, and retailer audits in a single secure location. It also includes features such as sales funnel management and target setting. Loop CEO Simon Porri said: 'Partnering with Hyundai, one of the world's biggest and best automotive brands is a real testament to the solution we have built. They work with hundreds of retailers and our data-led approach will help reduce dispersion within their network. 'We will drive efficiency through their retailer operations, providing them with actionable tips based on what drives the most improvement, helping each retailer improve faster to maximise revenue. 'Loop is designed to close the gaps that manual data monitoring leaves, making it easier for an automotive brand's whole network to operate at its best. 'Our Balanced Scorecard provides the tools and insights needed to bring every retailer up to speed, building competition in the network and working towards a more consistent performance across the board.' Developed by experts with more than two decades of automative experience, Loop's Balanced Scorecard is already in use by 20 brands, including Audi, Volkswagen Group, Suzuki, and Honda. "Hyundai partners with Loop for data-driven retailer insights" was originally created and published by Motor Finance Online, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Khaleej Times
25-02-2025
- Business
- Khaleej Times
Khaleej Times and Vantage Circle host groundbreaking employee recognition & rewards event
The significance of employee recognition and rewards in driving business success took center stage at the 'Employee Recognition & Rewards in GCC Region' event, organised by Khaleej Times in collaboration with Vantage Circle. The exclusive gathering brought together over 25 HR leaders from top government and private organisations across the UAE for an insightful discussion on fostering employee engagement and well-being. Moderated by Neetu Choudhary, a distinguished keynote speaker, corporate trainer and leadership coach, alongside Pallav Popli CRO from Vantage Circle, the event provided a platform for thought leaders to exchange best practices, explore innovative strategies, and address key challenges in employee recognition. Popli set the stage by unveiling six globally recognised research studies and reports, offering the first-of-its-kind benchmarking insights specific to the region. The data underscored a pressing concern—only 15 per cent of employees in the Middle East and Africa are engaged at work, as per Gallup's latest findings. With such low engagement levels, the role of recognition in driving business performance has never been more crucial. Pallav emphasised the need to humanise recognition efforts while leveraging cutting-edge technology. He introduced the concept of 'Phygital' cards — an innovative approach that ensures employees, including those without direct access to digital platforms, are acknowledged for their contributions. Additionally, Popli highlighted the importance of using badges and positive reinforcement as various ways to recognise employees. He also discussed how Vantage Circle's Recognition & Rewards solutions seamlessly embed into Microsoft Co-Pilot, leveraging AI to support managers in making recognition more meaningful and timely. Choudhary delivered an insightful session connecting recognition and rewards to neuroscience and business performance. She highlighted how recognition stimulates neurotransmitters responsible for motivation, productivity, and employee satisfaction. Linking these concepts to the four pillars of the Balanced Scorecard—financial, customer, internal processes, and learning and growth—she demonstrated how recognition initiatives can be quantified to showcase tangible business outcomes. A key takeaway from the event was the importance of blending technology with a human-centric approach to recognition. While digital tools offer scalability and efficiency, the essence of recognition lies in genuine human connection. By implementing a hybrid approach—leveraging AI-driven insights while ensuring personalized appreciation—organisations can build cultures that motivate employees and drive sustainable business success. The event concluded with a strong consensus among attendees on the need to prioritise recognition as a strategic business driver rather than a mere HR initiative. With insightful discussions, data-driven strategies, and innovative solutions, the session set a new benchmark for how organisations in the GCC region approach employee engagement. As businesses continue to evolve in a competitive landscape, fostering a culture of recognition and rewards will be key to attracting, retaining, and motivating top talent. The collaboration between Khaleej Times and Vantage Circle marks a significant step forward in empowering organisations to unlock the full potential of their workforce through meaningful recognition.
