The document discusses the Human Resource Index, which measures a company's ability to utilize its human resources effectively. The HR Index examines factors like employee productivity, satisfaction, innovation, return on training, and more. It helps companies outperform competitors by strategically managing over 40% of costs associated with human resources. The index focuses on ten key HR functions including employment, compensation, benefits, training, management development, and legal compliance.

1. Human Resource (HR) Index
Dr. G C Mohanta, BE(Mech), MSc(Engg), MBA, PhD(Mgt)
Professor
Al-Qurmoshi Institute of Business
Management, Hyderabad - 500005

2. Human Resource (HR) Index
 Human Resource Index is a system for examining and
measuring a company's ability to capitalize on its
human resource investment.
 HR Index measures the quality, impact & effectiveness
of HR in a place.
 It is measured by deducing the contributions of the
human resources to the organization vis-à-vis
organizational productivity, staff
satisfaction, innovation, technology, mentoring, return
on training among other indices.

3. Human Resource Index (Contd.)
 With 40-70% of a company's cost associated with
payroll and other human resource functions, the
investment, when managed wisely becomes a
company's most valuable asset.
 HR index helps a company in out-performing
competition, control costs, increase
productivity, reduce legal exposure, avoid unionization
and plan for continued success by strategically &
innovatively managing human resources.

4. Human Resource Index (Contd.)
 Human Resource Index focuses on ten primary
functions within the Human Resource realm:
- Employment,
- Compensation,
- Employee Benefits,
- Training & Development,
- Management Development,
- Succession Planning,
- Organization Climate,
- Health & Safety,
- Equal Employment Opportunity and
- Legal Compliance.