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The purposes of an organization's human resources are to add value to the company, to help make the company more competitive, and to greatly help the organization obtain its business objectives. The purposes of HR metrics are to help the organization discuss the value, to determine and calculate the contribution made by the human capital, and to calculate and predict employment-related risks. Hence in being a strategic business partner, HR experts have to certainly communicate the language of business. Inherent in this language is the lexicon of business measurements and metrics - including HR metrics.
This new 2018 HR Metrics session reviews the utilization of HR metrics and analytics as a key competency reviews the role they play in helping the business make critical business conclusions, discusses the computation of employment practices risk, and provides a list of more widely used HR metrics.
Why should you Attend?
HR metrics and analytics play a vital role in business management. Top management makes use of HR analytics as a crucial part of its strategic planning and application activities. It increasingly makes essential decisions based on the important data HR analytics provides.
Operational management relies on HR metrics to ascertain and handle vital operational and transactional issues. HR metrics gives them the power to understand, anticipate, handle, and monitor important areas and make them facilitate central organization-wide decision making. For operational administration, HR metrics can provide real-time data on how effectively operations are running.
For HR professionals, HR metrics and analytics can provide crucial and useful information about how effectively the organization uses this intangible resource - its employees. For HR Professionals, HR metrics provides a scorecard of employment practices.
Thus HR metrics and analytics provide all levels within the organization crucial information about how effectively the organization is reaching their strategic objectives, their marketplace competitiveness, and the risks it faces.
Who will Benefit?
This 2018 HR Metrics update session will benefit a wide array of Professionals such as:
2018 HR Metrics, 2018 HR Metrics update, HR Metrics Pitfalls, Utilisable HR Metrics, Human Capital Risk, Employment Risk, HR Analytics, Employment Practices Liability, Human Resource Management, Scorecard of Employment Practice, Department of Labor, DOL Issues, HR Metrics and Analytics, Common HR Metrics
Ronald Adler is the president and CEO of Laurdan Associates, a veteran-owned, human resource management consulting firm in Potomac, Md., specializing in HR audits, employment practices liability risk management, benchmarking and HR metrics, strategic HR, employee surveys, and unemployment insurance management issues. Mr. Adler has more than 38 years of HR consulting experience working with U.S. and international firms, small businesses and non-profits, insurance companies and brokers, and employer organizations.
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