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HR Metrics tend to be ignored as every day, in every organisation, we measure, report,
analyse, forecast and project on every other key facet of business
operations, apart from Human Capital. Very little if any information is regularly provided
in relation to HR Metrics analysis because the data is too hard to get to in the absence of integrated HR Metrics software. This is even though
CEO’s can readily access performance data in key areas
such as revenue, forward orders, production, quality, shipping
and inventory. In an operating environment where labour costs constitute
one of the largest annual expenditures incurred, why is that
we struggle to effectively measure and report on our non financial management ?
If we accept that clear linkages exist between workforce
performance and quality, waste, productivity, customer service,
innovation and new product development/release, (to name just
a few), surely it makes sense that we develop, implement and
maintain integrated Human Capital Metrics suitable to the
specific needs of our organisation?
If this is not sufficiently compelling on its own, let us
consider what lies ahead of us in relation to baby-boomer
retirements, an ageing workforce, a shrinking labour pool
and the emergence of third world economies that are hungry
for qualified and experienced employees. How can we expect
to meet future business objectives/plans for growth if we
cannot adequately forecast and measure our future labour capacity
and resourcing needs?
The solution is Perfohrm - a web-based
Human Resources Dashboard offering a comprehensive range of
analytics and reporting tools covering every key area of workforce
management.
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