SHRM Newsletter Article #4

“HR Metrics Resources on the SHRM Website”

 There are two places on the SHRM website to find great information on HR Metrics! 

 1) The SHRM HR Metrics Toolkit provides a number of factors that can be measured to show how HR contributes to the business.

 Measures such as absence rate, health cost per employee, and HR expense factor show that HR has a sense of the importance of human capital measurement in supporting business objectives.

 Use the SHRM HR Metrics Toolkit to compare your metrics against other organization's metrics, survey data, etc., to evaluate your performance.  Metrics can show the benefit of your HR practices and the contribution to your organization's profit.

 Benchmark data and designate time frame (plan year, fiscal year, etc.). Compare data going forward using same time frame (year 1, year 2, year 3, etc.) to show improvement/decline.

 Read more about HR Metrics at http://www.shrm.org/hrtools/hrmetrics.

 2) You will find a new resource on the new HR Metrics Forum on the SHRM website, www.shrm.org/forums.

 If you are looking for the latest news, articles, research or member input on HR Metrics, this is the place!  A quick glance at the homepage shows a highlight of the Human Capital Resource Guide. This comprehensive reference and research aid highlights resources focusing on the management and measurement of human capital. The Guide is available in HTML format, with extensive links to resources on SHRM Online and elsewhere, as well as for download in PDF format.

 There are periodic web casts, studies and surveys highlighted at times, and related products from the SHRM store showcased. Members have a chance to chat with each other and to share articles or information they have found in other places (there is a peer review process in place to maintain quality)

 All in all, the SHRM website can help you when it comes to HR Metrics.