HC metrics are a vital way to quantify the cost and the impact of employee programs and HC processes and measure the success or failure of HC initiatives. The use of metrics on the labor force can have a positive impact on profit. Metrics can quantify the dollar impact that HC processes and actions have on business goals. The ability to illustrate trends and impacts with numbers is a very effective way for HC professionals to influence and get the support of managers and executives. Metrics can highlight inefficiencies, reduce expenses, and drive improvements and financial results.

(WageWatch) Read the complete article