Power Point Presentation Metrics

826 WordsJun 30, 20154 Pages
Power Point Presentation Metrics B Y: A M B E R L E E R YA N H R M N 3 9 5 6 3 8 0 T H E T O TA L R E WA R D S A P P R O A C H T O C O M P E N S AT I O N M A N A G E M E N T Title Page Metrics Should: Give the whole picture, including quantity, quality, time, cost and effectiveness. Focus on key areas where change is necessary. Develop a benchmark to use for evaluating progress toward goals. Set goals and establish metrics for measuring progress. If possible, be compared to metrics with similar measures from key competitors. Use the language of the business leaders, including ratios and measurements they know. 2 Introduction & Purpose Measuring metrics is important to any business since it will allow Human Resource professionals…show more content…
Reducing the turnover rate will save the company money. 6 Justification of the Metrics Selected (Links to the Organization’s Success, Requisite Capabilities, Competencies and Challenges) RECRUITMENT •Number of applicants •Candidate Sources: Where did they come from? •Cost-per-hire •Quality of hire •Time-to-hire The overall goal of hiring should be to improve quality-of-hire. Cost-to-hire and time-to-hire, for example, pale in comparison to quality-of-hire (although they might have a relationship with each other). That said, recruiters themselves aren’t fully responsible for quality-of-hire. Recruiters are responsible for delivering what hiring managers want in their candidates. If recruiters are consistently delivering what hiring managers want, and yet the hires aren’t working out, it falls onto the shoulders of the hiring managers; not the recruiters. 7 Justification of the Metrics Selected (Links to the Organization’s Success, Requisite Capabilities, Competencies and Challenges) RETENTION Deciding which three to five factors are the most important is where your judgment and organizational knowledge is key. Only once you know what is critical can you design your data collection process to capture this information. The simplest way to capture this information is to include your three to five factors with standard descriptions on the
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