We assist Clients in coming up with HR measures to assess the impact of HR practices, assess the dollar values of HR activities. We have 3 clusters to measure effectiveness and efficiency of the Human Resources department namely: Internal Operational Measures, Internal Strategic measures and External Strategic Measures.
We Provide Human Resources Measurement and Metrics
What is Human Resources Measurement and Metrics?
Human resources measurement is the process of collecting data and using it to assess the performance of employees, teams, or departments. This can include tracking attendance, productivity, or customer satisfaction.
What are the benefits of Human Resources Measurement and Metrics?
- Improved clarity – Having well-defined metrics can help to improve clarity and communication between managers and employees. This can lead to a more productive and positive work environment.
- Improved efficiency – Tracking employee performance can help to identify areas where employees or teams need improvement. This can lead to a more efficient workplace.
- Improved accountability – Providing feedback to employees on their performance can help to improve accountability and responsibility. This can lead to a more productive and positive work environment.
What services are offered under Human Resources Measurement and Metrics?
- Data collection – The human resources administrator can help to collect data on employee performance. This can include tracking attendance, productivity, or customer satisfaction.
- Data analysis – The human resources administrator can help to analyze data to assess employee performance. This can include identifying areas where employees or teams need improvement.
- Reporting – The human resources administrator can help to prepare reports on employee performance. These reports can be used to provide feedback to employees or managers.
Many indices will be used and to name a few:
- Cost of benefits as percentage of total compensation
- Labour Contract costs
- Return on HR investment ( HR operating expense/total operating expenses)
- Cost per hire
- Sales revenue per employee
- HR costs per sales dollar
- Cost of absenteeism
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