Human Capital Metrics play a significant role in developing a sustainable work environment for the workforce to aid greater efficiency and productivity and help Organizations to measure the value and effectiveness of HR interventions.
Human Capital Metrics that Matters
Clearly understanding the experience of employees within the organization and potential talent entering the organization is a key to success. While HR metrics are used to track and measure past performance, HR analytics involve analyzing company data to generate predictions or insights.
Proactively recognize and prioritize your people’s needs with data-driven decisions is a way to support your employees effectively across in their journey.
Although companies spend up to two-thirds of their budgets on people—A relatively small number of organizations today have the capacity to manage and use human capital data.
Whilst human resources professionals are starting to use their data more efficiently, many are overwhelmed about how to integrate these inputs into their strategic workforce planning or how to start an effective Human Capital analytics practice.
Typical Types of HC Metrics:
ICAP People Solutions can assist organizations on their HC Metrices journey with answers to key questions including: