From the course: Human Resources: Using Metrics to Drive HR Strategy
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From the course: Human Resources: Using Metrics to Drive HR Strategy
Getting started
- So where do you begin on your metrics endeavor? How about scoping out areas where you can show value? Download the Exercise File and fill it in as we go along. The point of this exercise is to understand what your organization's strategic goals are and how HR can help to achieve them and, ultimately, how success can be measured. So let's talk through this worksheet. You hopefully have access to your organization's strategic plan or have some information about where your organization is headed. Write those goals down on the worksheet. For the sake of an example, let's say one of your company's strategies is to increases sales by 10% this year. In order to help the business achieve that goal, HR will have to determine what competencies people need, how to develop those competencies in people, how to measure success in developing them, and how they helped increase sales by 10%. HR might be able to do that by turning to their HR management system, or HRMS, in order to obtain the data…
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