2017 - HR Metrics: 2017 Key Strategic and Tactical Issues to Measure

Overview
The purposes of an organization’s human resources are to add value, make the organization more competitive, help the organization achieve its business objectives, and manage risks. The purposes of HR metrics are to help communicate the value added, demonstrate the contribution of human capital, and measure employment related risks. To become a strategic partner, HR professionals need to speak the language of business. Inherent in that language is the lexicon of business measurements and metrics ? including HR metrics.
Experts increasingly define HR metrics and analytics as the systematic and continuous study and process of assessing and comparing an organization’s practices and results. They note that HR metrics:
Help define and measure priorities, targets, and goals;
Recognizes the dynamic nature of processes,inputs, and targets;
Become an active process that can help design change; and
Emphasizes improvements at the operational level.
As a result, HR metrics are playing an increasingly important role in the management and governance of organizations.