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Rewards Metric 1

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Powerpoint
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University of Maryland University College
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Homework
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➢ ➢ ➢ ➢ The presentation aims at describing and ascertaining the use of total rewards metric. Offer insights on the use of metrics’ evaluation of success of the total rewards program in the situation provided (Naseem et al., 2019). Description, identification and explanation of three major metrics. Provision of data relating to each metric      Metrics describe the various tools used for assessment of impacts caused by various projects, activities or action plans (Kumar, 2018). Metrics occur as either qualitative or quantitative Quantitative measures are presented in numeric or ratios e.g. sales Qualitative metrics are used to measure the quality of customer socializations e.g. choices Taking measurements or reporting forms the basis on which programs are evaluated for changes or improving effectiveness. ✓ ✓ ✓ ❖ ❖ ❖ ❖ Evaluation of a programs’ success follows after designing, implementation, communication and measurement steps are completed. The metrics should entail a desired value since they are measured against the original set target, following a gap analysis (Naseem et al., 2019). The baseline forms the starting point with the desired metric having a new value. Gap analysis-forms the initial step in evaluation. Metrics at the end of preset period are observed in relation to the baseline set Determination of required changes-data evaluation takes place and the recommended changes are deduced Cost analysis- finan ...
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