Human Resources metrics are a series of measures, strategic and targeted to specific areas. These measures are designed to produce information for businesses across a spectrum of Human Resources factors, including:
(Note: All these can be expressed in dollar terms, defining real cost and identifying areas for improvement and possible savings options.)
This can be a highly technical process, unfamiliar to some managers. Best practice is to express Human Resources metrics in clear, verifiable terms with support information.
Examples of Human Resources Metrics:
Human Resources cost analyses.|
Targeted cost analyses and studies of organizational efficiencies.
Cost-benefit based studies of staffing issues, training and other basic Human Resources issues.