Staffing Metrics Evaluation

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Business Finance

Description

Staffing metrics can be short-term or long-term, and efficiency- or effectiveness-oriented. Short-term metrics can be used as leading indicators to gauge a company's ability to place the right people in the right jobs at the right time. Long-term metrics are best for evaluating the effectiveness of a staffing system because they drive the financial impact of staffing for the organization.

Choose an organization with which you are familiar.

Evaluate in 850 to 1,050 words three metrics that are - or should be - used to determine how well the staffing process meets the needs of the organization.

Describe the metrics selected for discussion.

Assess how these help the organization determine effectiveness.

Use the information available in Strategic Staffing, Ch. 13, and supplement it with your own research.

Cite any sources according to APA formatting guidelines.

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Explanation & Answer

Attached.

Running head: STAFFING METRICS EVALUATION

Staffing Metrics Evaluation
Institution Affiliation
Date

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STAFFING METRICS EVALUATION

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Introduction
The process of staffing metrics evaluation focuses on an extended spectrum of the
operations of a business and is essential in understanding a company’s undertakings which are
connected to expenses and performance. Various methods of management tend to stress on
varying metric attributes like productivity, labor costs, satisfaction, employment, as well as
retention. A suitable metrics program has the ability to encompass productivity, responsibilities
of a company’s costs, and risks (Yun, Choi, de Oliveira, & Mulva, 2016). A metrics program is
essential since it facilitates the staffing needs of a company with the intention of accomplishing
the commercial objectives through getting the appropriate individuals for specific duties.
Labor Costs
The aim of having attractive prices and reduced costs of production makes many
executives focus on reducing the labor costs. Therefore, Walmart seeks to reduce labor costs by
ensuring all the other costs associated with labor are decreased to a significant level. These costs
comprise of the expense of nonproductive labor, the rates of overtime, the charge of labor per
every unit, and the overa...


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