Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

HR Metrics: According to the web page article, 20 Common HR Metrics and their Formulas, located on the ERC: Where Great Workplaces Start blog site

HR Metrics: According to the web page article, "20 Common HR Metrics and their Formulas," located on the ERC: Where Great Workplaces Start blog site at http://www.yourerc.com/blog/post/20-Common-HR-Metrics-and-their-Formulas.aspx HR metrics and measurements can be powerful in showing areas where we could improve and better meet the needs of our organization and its employees. They can also provide meaningful data to help us make good decisions for our business and department ("20 Common HR Metrics and their Formulas," 2014, para 1). With so many HR metrics available, what's an HR manager to do? Great Work Place suggests asking four crucial questions which are listed in the Instructions section of this discussion segment below Review the HR Metrics and Benchmarking section located in Chapter 3. Refer to Table 3-1. Comparison Examples Selected from Several Studies of How Recruitment, Selection, Training, Appraisal, Pay, and Other Practices in High-Performance and Low Performance Companies and the https://apps.shrm.org/hrmetrics/ for examples of metrics that can benefit HR management. Other reliable sources may be used as well, including your own workplace. Answer the following questions: What metrics do you think are most crucial to your organization? Why? (Identify at least two (2) metrics and provide the formula that would be used for each.) What data or information needs to be gathered or tracked to calculate these metrics? How will the data be analyzed or benchmarked? In other words, what will you compare the data to? How will the analysis be used for action planning, development/ improvement, or problem solving?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Markets And Institutions

Authors: Anthony Saunders, Marcia Millon Cornett

1st International Edition

0071181334, 9780071181334

More Books

Students also viewed these Finance questions

Question

Define the power of a test.

Answered: 1 week ago

Question

Why do you think most employers opt for the home-based salary plan?

Answered: 1 week ago