Human Resource Management Employee Turnover

Question: Discuss about theHuman Resource Management for Employee Turnover. Answer: Appropriate HRM Metrics Essential in Corporate Decision-Making Processes: Human resource metrics reflect the standards of measurement through which performance level of HR is assessed. It provides additional value by clarifying information required for developing effective decisions. Metrics report focuses on the year-to-year numbers on common areas of HR such as employee engagement, employee turnover and performance level. As per the article by Xiao et al. (2014), HR metrics that are aligned with business and corporate strategy eventually add value and increase organizational effectiveness. Employee Turnover: It is essential for the HR management to keep track of the organizations labor supply demand based on the employee turnover rate. Now, turnover rates can actually affects Business strategic planning and HR planning (Tang et al. 2015). Therefore, it also increases the cost organizations have to bear for fulfilling all the responsibilities. For that reason, organizations like Wal-Mart and Tesco looks to compare its turnover rate with the competitors for developing effective decisions regarding organizational process. Employee Engagement: Employee engagement is another critical HRM metrics that can have major impact on the decision-making process of the organization. Measurement of employee engagement level will allow organizations to understand the amount of challenges employees are ready to take at the workplace. It also allows measuring the satisfaction and frustration level of the employees, which is likely to create impact on the decision-making processes (Caligiuri 2014). For that reason, organizations like Apple and Samsung has tried to provide such environment where employees can interact freely. Performance: HR performance metrics focuses on measuring the performance level of businesses in key areas like production, sales or customer service productivity. Proper alignment of performance metrics with corporate goals allows to highlight the area of excellence and also help to identify the area of improvement (Ahlvik and Bjrkman 2015). For example, Woolworths focuses on using sales performance metrics for providing additional facilities to the top sales personnel. On the other hand, Amazon analyzes customer service metrics to assess the satisfaction level of the customers. Measurement Plans: In order to use all the component of HR metrics effectively, it is necessary to develop effective measurement plan for fulfilling all the responsibilities. Use of measurement plans allows organizations to get necessary information for fulfilling all the requirements of decision-making process effectively ((Tang et al. 2015). For example, in order to measure exact number each sales representative had reach every month, the manager will look to get additional support from IT department. It will help to assess the necessary areas of improvement for fulfilling organizational targets and objectives. References: Ahlvik, C. and Bjrkman, I., 2015. Towards explaining subsidiary implementation, integration, and internalization of MNC headquarters HRM practices.International Business Review,24(3), pp.497-505. Caligiuri, P., 2014. Many moving parts: Factors influencing the effectiveness of HRM practices designed to improve knowledge transfer within MNCs.Journal of International Business Studies,45(1), pp.63-72. Tang, Y., Xie, C., Wang, M., Jiang, L., Shi, R. and Lin, L., 2015. Association of High-Resolution Manometry Metrics with the Symptoms of Achalasia and the Symptomatic Outcomes of Peroral Esophageal Myotomy.PloS one,10(9), p.e0139385. Xiao, Y., Kahrilas, P.J., Nicodme, F., Lin, Z., Roman, S. and Pandolfino, J.E., 2014. Lack of correlation between HRM metrics and symptoms during the manometric protocol.The American journal of gastroenterology,109(4), pp.521-526.