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Communications & Media
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Topic:
HR METRICS
Essay Instructions:
"HR Metrics" Please respond to the following:
-Discuss the type of metrics and analytics that could provide an organization with the information it needs to make better decisions regarding the acquisition of human capital. Then, give your opinion on whether or not generating and reporting more HR metrics will result in better individual, unit, and organizational performance. Justify your response.
Essay Sample Content Preview:
HR Metrics
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HR Metrics
Organizations capture thousands of pieces of data about their employees and about the nature of their capital structure every day. In regards to this, it becomes very difficult to focus on data that only matters to the organization. Organizations use such collected information to make daily decisions and decisions regarding acquisition of human capital CITATION Gro13 \l 1033 (Grossman, 2013).
Human resource executives in an organization must select the human capital metrics that are relevant to the organization. Human capital analytics involves a continuous evaluation of data in an organization to establish the level of performance. Metrics to guide an organization in making decisions regarding acquisition of human capital should be monitored on an ongoing basis CITATION Jac10 \l 1033 (Fitz-enz, 2010).
These metrics include:
An organization should define top-level effectiveness measures. The measures include total revenue, the total number of full time equivalent employees and the overall total cost of paying and rewarding employees CITATION Pen07 \l 1033 (Pennings & Wezel, 2007). These metrics ca...
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