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Workshop on HR Metrics and Analytics
The HR function can become a high-value-added part of the organization and play a key role in developing and implementing corporate strategy. This is because of the growing importance of human capital in organizational success.
The HR function will be more effective as a strategic partner in the organization rather than a purely administrative function. Such an HR function will drive change rather than react to it.
In order to achieve this highly desired prize, the HR function must develop its ability to measure how HR decisions affect the organization and how the decisions taken by the organization affect human capital. In short, the HR function needs to develop better metrics and analytics if it is to become a true strategic partner.Once the metrics are established, the organization will need to develop HR policies that react to these messages.