Human Resource Metrics

Human Resource Metrics
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Human Resource Metrics
Discussion #1
Metrics are a harmonized or standardized means that have been put in a position to assist the management in assessing the progress, the performance and the quality of a plan. They can be defined as simple ways put in place to assess the organization progress. In the management of Human resource as aligned to the goals of the organization, the HRM departments come up with various independent steps that are meant to facilitate productivity and profitability (GetFive, 2013). In the process of analyzing and assessing the performance of these developments, various metrics are applied. Using metrics in assessing the quality of staff and their role towards the achieving the roles of the organization has the advantage of uniformity as well as room for a wholesome look at the efforts that staff make towards achieving the goals of the organization (WorldatWorkTV, Feb 10, 2014).
References
GetFive (Writer), & Wendleton, K. (Director). (2013, June 27). The Next Generation of HR Metrics: Introduction. Retrieved from https://www.youtube.com/watch?v=9eHYwdHByx4&feature=youtu.be.

WorldatWorkTV (Writer), Sanicola, L., & Chou, K. (Directors). (Feb 10, 2014). Using Metrics to Maximize Your Total Rewards Investment. Retrieved from https://www.youtube.com/watch?v=aSqu_iqA8_c&feature=youtu.be.

Discussion #2
There is the application of different HR metrics to solve certain management issues while assessing the value and quality of human resource hiring.

Some show the great importance that goes a long way in fulfilling both the organization and the staff metrics. First, the metric data acquired before and during assessment can be used to produce clean business information that HR professionals acquire back up information that they use to communicate directly to the executive so that the changes can be effective as proposed. Effecting quality assessment of human resource also depends on the accuracy of measurements of data (HR Metrics, 2006). Measurement of data brings success to the entire performance business if the measurements of metrics are done well, and remedies made to correct the loopholes in the labor management, the effect spirals over to the entire business set up. The use of metrics in assessing the quality and performance of human resource is regarded as profitable.
Reference
HR Metrics. (2006). Staffing Metrics – Recruiting Cost Ratio (RCR). Retrieved from HR Metrics: http://www.humanresourcemetrics.org/recruiting_cost_ratio.html