Question
Once HR is well aligned with the company strategy, the next step is to look at specific metrics. Many things can be measured, but the
Once HR is well aligned with the company strategy, the next step is to look at specific metrics. Many things can be measured, but the measurement takes time and expense and may not add value to the organization. Useful measures should be something on which a company can take action. In some instances, the metric can become a target goal for the company to improve.
Be sure to support your work with specific citations from the Learning Resources and any additional sources.
use the A case study. McKinsey Quarterly and answer the following:
In a few sentences, discuss the McKinsey Quarterly and briefly state its goals.
List two HR metrics that you picked for the company to examine that align with its goals and address how they should be reported (e.g., to whom, how often, and why.).
Explain the impact the two chosen metrics can have on the company and discuss any potential challenges the company should be aware of in putting the metric in place.
LEARNING RESOURCES Pease, G., Byerly, B. & Fitz-enz, J. (2012). Human capital analytics: How to handle the potential of your organization's greatest asset. Hoboken, NJ: John Wiley & Sons. Chapter 3, "The Measurement Plan" (pp. 61-77) Nkomo, S. M., Fottler, M. D., & McAfee, R. B. (2011). Human resource management applications: Cases, exercises, incidents, and skill builders (7th ed.) Download Human resource management applications: Cases, exercises, incidents, and skill builders (7th ed.). Mason, OH: Cengage Learning. Exercise 40: Evaluating the Recruiting Function (pp. 123-126) Albrecht, C., Gardner, T., Allred, S., Winn, B., & Condie, A. (2016). To sit at the table, you have to know the language: Important financial metrics for HR directors.Links to an external site. Strategic HR Review, 15(3), 123-128. Byerly, B. (2012). Measuring the impact of employee lossLinks to an external site.. Performance Improvement, 51(5), 40-47. doi:10.1002/pfi.21268 Davenport, T. H., Harris, J., & Shapiro, J. (2010). Competing on talent analytics. Harvard Business Review. Wilkinson, J. (2019). People analytics as a form of evidence-based managementLinks to an external site.. People & Strategy, 42(1), 1-6.
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