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Note: These syllabi are offered for informational purposes only. These are not recognized as the official course syllabi and should not be used in place of the syllabi posted online each term. HRD8006
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Human resource metrics is the measurement and analysis of various data related to the workforce and HR department in order to evaluate the efficiency and effectiveness of HR processes and strategies.
Typically, employers or HR departments are required to file human resource metrics. The specific requirement may vary depending on the jurisdiction and industry.
The process of filling out human resource metrics involves collecting relevant data on HR activities and performance indicators, organizing the data according to the specified metrics, and reporting the information in the designated format or platform as required by the regulatory body or organization.
The purpose of human resource metrics is to provide insights into the effectiveness of HR practices, identify areas for improvement, support decision-making related to workforce management and development, and measure HR's impact on business outcomes.
The specific information that must be reported on human resource metrics can vary but commonly includes data on employee demographics, recruitment and retention, training and development, performance management, compensation and benefits, workforce diversity, and HR department expenses and efficiency.
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