H4.5 Effectiveness of Human Resources

Business Studies is awesome.

This is the monitoring and controlling phase of Human Resources.

Human Resources is one of highest costs in the operations of a firm. It is critical that the business measures the impact of its HR strategies to ensure that money spent is achieving goals (higher performance, better service, revenue, profit)

Through monitoring HR indicators (qualitative and quantitative), a firm can measure relative impact of HR initiatives and make adaptations to lift performance.

Poorly performing HR strategies can be scrapped or modified.

The gathering of data and its measurement of human aspects of a firm are challenging. Firms can hire an external business with expertise to ensure that data gathered is accurate and unbiased. Firms must avoid blaming and punitive action upon receipt of data.