A Critique Metric Measurements Tools - 1495 Words

Critique Metric Measurements Tools The validity of metrics in an organization not only depends on the metrics being gathered, but also in light of who is reviewing the analysis. Senior management focuses on the numbers for total compensation, which directly impacts the bottom line. Conversely, the employee may review total compensation in light of fairness, equity, and in comparative with industry offerings. Another scope from which to review the analysis of metrics is from the human resources professionals’ point of view, which is the engagement of staff and job satisfaction. Total Cost of Workforce For most organizations, the primary goal is to maximize profits for all stakeholders; including employees, and shareholders. With the†¦show more content†¦It must be competitive with similar companies, and offer intrinsic motivations that lead to employee loyalty. Human Resources Professional Perspective Turning toward the human resources management (HRM) perspective, companies now include HRM as a strategic partner in accomplishing the goals of the organization. The human resources professional does not operate in isolation, but is an integral part of any organization’s strategic planning team. The human resources director â€Å"is first a business partner of the organization and then an human resources (HR) professional† (Purushotham, 2009, p. 177). The scope of the HR professional is to interpret the strategic goals of the organization, and create total compensation packages that will attract and recruit high-value targets for candidacy while being mutually beneficial for both the organization and the prospective employee. By treating the HR professional as a business partner, the organization allows a better flow of communication with regard to job specificity, job requirements, and arms the HR professional with enough detail to make comparative analysis of total compensation as compared to competitors and the general marketplace. This includes not only mandatory benefits as outlined by federal and state regulations, but other voluntary benefits to