Week 6: Human Resource Metrics Instructions In this exercise, you will research Human Resource metrics and measurements and consider the appropriate types of metrics and measurements that should be used by an HR department

Week 6: Human Resource Metrics

Week 6

Week 6: Human Resource Metrics

Instructions

In this exercise, you will research Human Resource metrics and measurements and consider the appropriate types of metrics and measurements that should be used by an HR department in a mid-sized company of approximately 1,000 – 3.000 employees. Examples of HR metrics are Compa-ratio, Market Index, Turnover Rates (Voluntary and Involuntary), Time to Hire, Revenue per employee, Total Compensation to Revenue, Revenue per employee, etc. 

Assignment Description

For your paper, you will write a five-page report on the appropriate types of Human Resource Metrics that a typical mid-sized company would need to analyze and regularly report to Senior Management. The paper should explain how the data will be obtained (i.e., what source will you draw the data from), how the data will be analyzed, and how the data will be regularly reported to Senior Management.  

Further, you will discuss the various public or private sources of benchmark Human Resource Metrics data. Report what you found from your research on sources of benchmark Human Resource Metrics and discuss which sources you would recommend for a mid-sized company. 

To be considered complete, the following information must be included in your paper. Use the headings provided below in your paper. Include sub-headings where appropriate to demonstrate a shift in thought. 

• Introduction: The introduction provides a brief historical overview, the reasoning for recommendations, and previews the report's major points. 
• A General Discussion on HR Metrics: This section should include a discussion about the main types and categories of Human Resource Metrics; what each metrics measure; their importance in analyzing the effectiveness of a company's human capital expenditures; the importance of using quantification in measuring the effectiveness of a company's human resources. 
• Suggested Metrics for a Mid-Sized Company: This section should include a discussion about which metrics are important for a mid-sized company detailing the reasons why they are important. Also discuss which metrics are must-haves for mid-sized companies, and which metrics are wanted. 
• Collecting Comparative Data on Human Resource Metrics: This section should include a discussion on the various public or private sources of benchmark Human Resource Metrics data;  a report on what you found from the research on sources of benchmark Human Resource Metrics, and then an explanation about which sources you would recommend for a mid-sized company. Important! Do NOT simply cut and paste information from websites or copy information directly. 
• Conclusion: Provide appropriate concluding remarks by summarizing the purpose of the research. 

Treat this assignment as a real-world situation. Doing so will give you the opportunity to practice how you would research and provide information as an HR professional.

Rubric

Week 6 Rubric HRM530

Week 6 Rubric HRM530
Criteria	Ratings	Pts
This criterion is linked to a Learning OutcomeIntroduction Introduction provides sufficient background on the topic and previews major points.	10 ptsFull Marks 5 ptsPartial Marks	10 pts
This criterion is linked to a Learning OutcomeA General Discussion on HR Metrics What are main types and categories of Human Resource Metrics. What do each of these metrics measure? Why are they important in analyzing the effectiveness of a company's human capital expenditures? Why is it important to use quantification in measuring the effectiveness of a company's human resources?	30 ptsFull Marks 15 ptsPartial Marks	30 pts
This criterion is linked to a Learning OutcomeSuggested metrics for a mid-sized company Which metrics are important for a mid-sized company with 1000 to 3000 employees? Elaborate on the reasons why. Which metrics are must haves, or these mid-sized companies and which metrics are wants?	35 ptsFull Marks 15 ptsPartial Marks	35 pts
This criterion is linked to a Learning OutcomeCollecting Comparative Data on Human Resource Metrics Discuss the various public or private sources of comparative Human Resource Metrics data. Report what you have found from library and web research on sources of comparative Human Resource Metrics. Which sources would you recommend for a mid-sized company?	25 ptsFull Marks 12.5 ptsPartial Marks	25 pts
This criterion is linked to a Learning OutcomeConclusion Conclusion is logical, flows from the body of the paper and reviews the major points.	12.5 ptsFull Marks 6 ptsPartial Marks	12.5 pts
This criterion is linked to a Learning OutcomeMechanics Minimum of 5 pages and a maximum of 7 pages. Paper should be thorough, yet concise. Written in APA style. Include all aspects of the assignment criteria, outlined on the previous page—these are good paper headings. Cite in text when using words/thoughts that are not your own. All sources must be appropriately cited—use APA for in text and reference list citation formatting.	12.5 ptsFull Marks 6 ptsPartial Marks	12.5 pts

Total Points: 125