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- MemberJanuary 9, 2022 at 5:08 am
There are numerous ways to measure the effectiveness of HRM practices in an organizations. Employee Satisfaction Survey, Employee Discipline, Recruitment Cost Report, Timeliness, Profitability, Labor turnover report – just to name a few. Keeping track of this metrics are important so that organizations can ensure the money and time spent on HR programs and initiatives are beneficial, increase employees wellness and productivity plus many more. By knowing these metrics, organization can know if they should stick with the HR programs they have deployed or change it before it inflicts any damage to the organizations.
Human capital is the heart of the company. Company should not be concerned in evaluating its HRM practices. Although it will require an investment, evaluation of HRM practices effectiveness is important to ensure that the organization’s human capital contributes towards the achievement of its business objectives.
By evaluating the organization’s HRM practices; the HRM team will help the organization in:
- Decrease turnover rate
- Optimize employees performances
- Increase productivity and job satisfaction level
- Bringing in the right people into the organization
And of course there are more benefits than listed above. HRM team plays multi-faceted role that enables companies to get the most out of their workforce. Society and workplace are constantly changing and evolving, it is the HRM team job to continuously detect the changes and lead the organization’s workforce confidently through change.