Workforce metrics should be relevant, manageable and actionable. Instead of monitoring everything, what business leaders want are meaningful measures so that they can achieve real insights into maximising their human capital investment.
Silicon Singapore (PRWEB) December 04, 2014
With the advent of Business Intelligence and HR Analytics, there is a growing interest in identifying the right set of workforce metrics to drive efficiencies and profits. Speaking about the latest whitepaper publication, Eloise Sutton-Kirkby, Director at HRBoss said, “We are living in the era of big data, and that translates to a thirst for workforce metrics and employee analytics. The sharpest business leaders are obsessive in their pursuit of real time analytics pertaining to every far-flung corner of their business. They realise that the ability to track and measure all elements of their business funnels out into better performance, optimisation and bigger profits. Departments like finance and quality control already have a well-established set of metrics, but when it comes to people- the workforce- measuring accurately becomes less straightforward.”
Building upon their expertise in workforce analytics to help business leaders streamline their metrics, HRBoss is offering a free download of ‘The 2015 Ultimate Workforce Metrics Toolkit’ which focuses on 5 hot workforce issues:
1. Hiring
2. Retention
3. Productivity
4. Performance
5. Compensation
“Today’s organisations are increasingly complex, so putting the right metrics in place helps provide a proper feedback mechanism of employee investments versus business results. Workforce metrics should be relevant, manageable and actionable. Instead of monitoring everything, what business leaders want are meaningful measures so that they can achieve real insights into maximising their human capital investment. Businesses must look beyond basic metrics to get a complete picture of their workforce and start measuring critical metrics directly related to business impact. “remarked Sutton-Kirkby.
Sutton-Kirkby added,” There are no hard and fast rules for measuring the effectiveness of Human Capital investments and the best-practice metrics listed in the toolkit is not a one-size-fit-all, exhaustive list of people metrics. Every organisation must identify meaningful measures based on their context.” Comprising a total of 25 best-practice metrics and formulas, Sutton-Kirkby hopes that the toolkit will provide a good reference for leaders to mix and match, and tweak metrics to best suit their organisational needs.
A winner of ‘Best International Tech Company of the Year’ at the International Business Awards 2014 and ‘Best Software-as-a-Service’ at Cloud Awards 2014, HRBoss also recently announced the launch the first-ever APAC Workforce planning trends and practices survey 2015 which is still open for responses at https://hrboss.typeform.com/to/IKHvLi. Business leaders based in Asia are invited to take part in the survey. Every participant will receive a full complimentary copy of the survey report once it is published.
‘The Ultimate Workforce Metrics Toolkit’ is available for download at https://hrboss.com/whitepapers/ultimate-metrics-toolkit-business-leaders .
About HRBoss
HRBoss is Asia’s leading provider of workforce planning analytics software. There are 3 SaaS products in the HRBoss suite: HiringBoss, the ATS recruiting platform for corporate HR | EmployeeBoss, the workforce Big Data platform for the C-Suite | StaffingBoss, the CRM/ATS for recruiting firms.
Born in Asia in 2011, HRBoss is headquartered in Singapore and maintains presence across the globe with offices throughout the Asia-Pacific region in 6 countries and USA today. All HRBoss Cloud solutions are intuitive, highly-configurable and are supported locally on-the-ground across Asia. Customers include world-leading organizations and government agencies, including Nissan, Audi, Allergan, Changi Airport Group, Metlife, the Monetary Authority of Singapore (MAS), and the Economic Development Board (EDB) of Singapore.
To learn more about HRBoss, visit hrboss.com.