Week 6: Human Resource Metrics

Instructions

In this exercise, you will research Human Resource metrics and measurements and consider the appropriate types of metrics and measurements that should be used by an HR department in a mid-sized company of approximately 1000-3000 employees. Examples of HR metrics are Compa-ratio, Market Index, Turnover Rates (Voluntary and Involuntary), Time to Hire, Revenue per employee, Total Compensation to Revenue, Revenue per employee, etc.

Assignment Description

For your paper, five-page report (including Introduction & Reference), on the appropriate types of Human Resource Metrics that a typical mid-sized company would need to analyze and regularly report to Senior Management. The paper should explain how the data will be obtained (i.e., what source will you draw the data from), how the data will be analyzed, and how the data will be regularly reported to Senior Management.

Further, you will discuss the various public or private sources of benchmark Human Resource Metrics data. Report what you found from your research on sources of benchmark Human Resource Metrics and discuss which sources you would recommend for a mid-sized company.

To be considered complete, the following information must be included in your paper. Use the headings provided below your paper. Include sub-headings where appropriate to demonstrate a shift in thought.

• Introduction:The introduction provides a brief historical overview, the reasoning for recommendations, and previews the report's major points.
• A General Discussion on HR Metrics:This section should include a discussion about the main types and categories of Human Resource Metrics; what each metrics measure; their importance in analyzing the effectiveness of a company's human capital expenditures; the importance of using quantification in measuring the effectiveness of a company's human resources.
• Suggested Metrics for a Mid-Sized Company:This section should include a discussion about which metrics are important for a mid-sized company detailing the reasons why they are important. Also discuss which metrics are must-haves for mid-sized companies, and which metrics are wanted.
• Collecting Comparative Data on Human Resource Metrics:This section should include a discussion on the various public or private sources of benchmark Human Resource Metrics data; a report on what you found from the research on sources of benchmark Human Resource Metrics, and then an explanation about which sources you would recommend for a mid-sized company. Important! Do NOT simply cut and paste information from websites or copy information directly.
• Artificial Intelligence: Additionally, you'll research, analyze and describe how HR professionals can use AI-driven analytics tools to analyze workforce data, predict trends, and inform strategic decision-making.
• Conclusion:Provide appropriate concluding remarks by summarizing the purpose of the research.

Treat this assignment as a real-world situation. Doing so will give you the opportunity to practice how you would research and provide information as an HRM professional.

Rubric

Week 6 Rubric HRM530

Criteria

Ratings

Pts

This criterion is linked to a Learning OutcomeIntroductionIntroduction provides sufficient background on the topic and previews major points.

10 pts Full Marks

0 pts No Marks

10 pts

This criterion is linked to a Learning OutcomeA General Discussion on HR MetricsWhat are main types and categories of Human Resource Metrics. What do each of these metrics measure? Why are they important in analyzing the effectiveness of a company's human capital expenditures? Why is it important to use quantification in measuring the effectiveness of a company's human resources?

30 pts Full Marks

0 pts No Marks

30 pts

This criterion is linked to a Learning OutcomeSuggested metrics for a mid-sized companyWhich metrics are important for a mid-sized company with 1000 to 3000 employees? Elaborate on the reasons why. Which metrics are must haves, or these mid-sized companies and which metrics are wants?

35 pts Full Marks

0 pts No Marks

35 pts

This criterion is linked to a Learning OutcomeCollecting Comparative Data on Human Resource MetricsDiscuss the various public or private sources of comparative Human Resource Metrics data. Report what you have found from library and web research on sources of comparative Human Resource Metrics. Which sources would you recommend for a mid-sized company? Important! Do NOT simply cut and paste information from web sites or copy information directly.

25 pts Full Marks

0 pts No Marks

25 pts

This criterion is linked to a Learning OutcomeConclusionConclusion is logical, flows from the body of the paper and reviews the major points.

12.5 pts Full Marks

0 pts No Marks

12.5 pts

This criterion is linked to a Learning OutcomeMechanics Include all aspects of the assignment criteria, outlined on the previous pagethese are good paper headings. There should beminimalquoted material in this paper Cite in text when using words/thoughts that are not your own. All sources must be appropriately citeduse APA for in text and references list citation formatting. Include a references for source(s). Put the paper title information on a separate page. Use 12 pitch font (Arial, Times Roman), and 1" margins as a standard format. Do not include extra lines between paragraphs, etc. Grammar, punctuation, spelling, etc., will all be taken into consideration when awarding points. Re content, if you make a statement, for example "all people who break the law should improve their communication skills to stay out of jail," you need to substantiate that statement. If that statement is not your own thought or a statistic, cite. If it is your opinion, state that and explain what led you to that conclusion. Provide enough information to validate and explain the statement. Treat these assignments as real-world situations. This will give you the opportunity to practice how you would research and provide information as an HR professional.

12.5 pts Full Marks

0 pts No Marks

12.5 pts

Total Points: 125