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How can HR determine the ROI of a hire?

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HC Online | 30 Apr 2012, 12:00 AM Agree 0
New research has indicated that measuring the value of individual performance remains the million dollar question for HR professionals.
  • Max Underhill | 30 Apr 2012, 04:25 PM Agree 0
    Modern human capital management approaches utilising outcome-based competency systems provide quantifiable size and contribution ($’s). This enables an organisation to place the HR asset value on the balance sheet.
    These days Strategic planning is incorporated with human capital management and involves the development of performance and capability frameworks. By definition a performance management system is a system where the expectations are properly defined and the individual manager or employee can manage their own performance and utilise it as a regular reporting tool (empowerment). Under good governance principles the development of performance management systems that are also reporting systems is essential. The technology and tools are available that enable the HR assets to be placed on the balance sheet with a number of new measures including RoHRAssets.
  • Richard Van Oirschot | 01 May 2012, 02:44 PM Agree 0
    An interesting article.

    We're finding organisations are increasingly looking for insights into their workforce, rather than just having tonnes of metrics which are meaningless and or difficult to interpret...

    Check out this video regarding workforce planning http://www.successfactors.com/workforce-planning/

    Regards

    Richard

    Disclaimer - I am a Successfactors employee.
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