Asked by Gopalakrishnan Manivel on Apr 25, 2024

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Identify an organization you are familiar with (such as from your work experience or from your textbook).Discuss one measure that the organization uses to measure the efficiency of their HR practices.Provide a concrete example.Ensure you define efficiency.

Efficiency

The ability to achieve maximum productivity with minimum wasted effort or expense.

HR Practices

The methods and strategies implemented by the human resources department to manage and develop the workforce, including recruitment, training, performance management, and employee relations.

Measure

A method or standard for assessing the size, amount, or degree of something, typically through quantitative means.

  • Learn about different HR measurement and benchmarking techniques and their repercussions on management strategies.
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JL
Jailene LaureanoMay 01, 2024
Final Answer :
Efficiency is expressed in terms of the results achieved (outputs) in comparison to the resource inputs. Measures of efficiency include the following:
∙ Time (e.g., average time to fill an opening, process a benefits claim)
∙ Volume (e.g., number of people interviewed to fill a job, number of requests processed per employee)
∙ Cost (e.g., cost per training hour or per test).
Cost:
∙ ratio of compensation expense to total operating expense
∙ benefit cost per employee covered
∙ ratio of benefits expense to total operating expense
∙ processing costs per benefit claim
∙ administration costs per benefit claim
∙ cost per training day
∙ cost per trainee per program
Volume:
∙ number of training days
∙ number of interviews per selection
∙ ratio of filled positions to authorized positions
∙ percentage of employees with formal performance evaluations
∙ percentage of designated employees
Response Time:
∙ time between requisition and filling of position
∙ time to process benefits
∙ time from identifying a training need to program implementation
∙ time to respond to requests by category