HRM 640 Performance Management :- Metrics and Measurement of Human Resources
In the present day's human resources, professionals use metrics to evaluate the overall growth of the originations. Metrics have become essential measurement system for performance.
Balanced scorecards. This study provides the exact definition of the Human Resource metrics and their formulas, to determine which approach should be used to assemble the data, provide guidance how often to collect and report the metrics to whom. HR Metrics have a strong relation to company strategies. These measurement strategies assure that the evaluation of HR is essential to the organization, and we all are for this to be happening. There are some points which help to measure HR Balance scorecard.
1- Strategic perspective in this, we analyze that is we investing in growing HR capabilities and the talent which make us successful in the future.
2-Operation perspective where we use the latest technology for HR efficiency and the HR management process is effective
3-Financial perspective in which we analyze that is we are managing our total turnover cost.
4-Customer perspective where we analyze is we are creating an environment where people engaged in their work, and we explore the best place to work.
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