2. Learning objectives
1. Outline how HR’s strategies are merged with
organizational strategies
2. List options for handling a shortage and a surplus of
employees.
3. Identify how organizations can measure and analyze the
effectiveness of HR management practices.
4. Human Resources and Balance Scorecard
5. Measuring The Effectiveness of Human
Resources
HR metrics and Analytics
• HR Metrics are specific measures of HR Practices.
• They are performance indicators of various HR issues,
like absenteeism and turnover rates.
• HR Analytics
• An evidence based approach to making HR
decsions on the basis of quanititative tools and
models.
7. Human Resources and Balance Scorecard
• Scorecard is a framework organizations use to report
on a diverse set of performance measures.
• This method balances financial and non-financial
measures so that managers focus on long-term drivers
of performance and organizational sustainability.
9. Human Capital Effectiveness Measures
• ROI
• HCVA (Human capital value added)
• (HCROI) Human capital return on investment
• Human economic value added (HEVA)