HRM Metrics

 
Many organizations apply metrics to measure the success    and  strategic value of their HRM policies and practices. Metrics not only     give HR professionals the evidence of strategic value, they also act as  the    drivers of HR policies and practices. HR metrics are an  essential tool for the    design, implementation, evaluation, and  revision of HRM strategies. In addition, HR metrics give HR  professionals    the necessary information to more effectively manage  and deploy HR assets.
There are many metrics organizations can use, so it is  important to    utilize the most appropriate metrics for the  organization. For example,    organizations have used economic and  financial analysis to calculate the    value of HR practices. The  calculations are straightforward and provide the    evidence of the  extent to which HR practices are deployed toward specific    strategic  organizational objectives.  
Choose an organization with which you are familiar or have     access to public information (e.g. BP, McDonald’s, or Starbucks). You  will use    this organization throughout the course in various  assignments. When    selecting an organization, think about how you—if  asked to act as an HRM,    would determine the most appropriate metrics  for demonstrating success and    strategic value. What might these  metrics include?  
 For this week’s Assignment, in a 2- to 3-page paper: 

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   Identify 3–5         metrics that your particular organization might  consider in measuring         the success of the organization’s HRM  policies and practices.
Analyze each metric’s relevance in       setting HR annual  strategies,       assessing HR success and contribution to the  organization’s successful       attainment of its organizational  strategies.
Finally,         discuss whether each of the HR metrics are  equally important to the         organization you have selected for  increasing strategic value and why.         If not, which metrics are  the most critical? Be specific and provide         examples to justify  your response. 

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