Explain how metrics provide a means for quantifying HR programs and activities.

Question

Description

HRM metrics are commonly used to evaluate various human capital aspects of the workforce, as well as to assess the performance of the HR function. The best metrics are those that provide relevant information to management and add value to the decision-making process. Examples of metrics typically used include, but are not limited to, such things as payroll and benefits costs, cost per hire, average time to fill, percentage of new hires retained for 90 days, training costs per employee, average training hours, employee turnover rates, HR expenses per employee, and so forth:

Initial Post:

Explain how metrics provide a means for quantifying HR programs and activities.

Explain how metrics support the value of HR programs and activities in organizations.

Answer the above. Within your post, support your responses with information from at least one peer-reviewed/scholarly source (not older than 3-5 years) from the CSU Global Library (Links to an external site.) or the internet, and provide the full citation at the end of your post. Use the CSU Global Writing Center (Links to an external site.) to format your references.