Course code: JSB-HCM - call 0845 071 2801
Overview
Course duration: 1 day.
HR measurement, that's to say proving the effectiveness of the HR function, is at the forefront of any HR professional’s agenda. While your HR team is expected to provide insight into human capital management and measuring the value of your workforce, it also needs to provide hard evidence of its own contribution through an effective HR measurement framework.
Yet, a recent survey found that more than eight out of ten HR professionals lack a strategic HR measurement programme and do not measure return on investment. Perhaps no surprise then that HR often struggles to prove its business impact.
- HR measurement and human capital management: How do you measure the most relevant data in accordance with your business objectives?
- Interpreting the data from your measurement framework: Are you able to create value from the data?
- Making the most of your human capital: How do you devise appropriate solutions once this people data has been analysed?
Attend this seminar to benefit from HR measurement self-assessment activities and human capital management action planning that you can take away to apply in your own organisation.
Is it right for me?
Designed for HR Directors,Managers and Policy Advisors; HR Consultants and Business Partners; Emploee Relations Professionals, Heads of Organisational Development.
What will I learn?
By the end of this course you will be able to:
- Learn how to measure and demonstrate HR success and benchmark the HR function
- Understand how to link HR activities to business outcomes using appropriate metrics
- Create value from data: use HR measures and analysis to establish a strategic HR function
- Assess the validity and reliability of data and understand quantitative and qualitative information sources
- Drive efficiencies within HR and make cost savings within the organisation
What will it cover?
Why measure HR and Human Capital?
- Current thinking and practice: why is there a need for measurement and what are the issues?
- Strategic approach: driving your strategy forward and linking measurement to core outputs
- Human capital approach: human capital reporting and measuring the value of your workforce
- Demonstrating added value from the HR function
Weighing up the measurement options: making the connection between activity and performance
- Examining the key factors that make a difference to organisational success: what should be measured?
- Using measurement as a tool to substantiate problems
- Evaluating the impact of HR interventions
- Qualitative measures and the value of staff surveys
- Metrics and key performance indicators
Interpreting the information: what can be inferred from the results
- Creating value from data: how to make a difference
- Validity and reliability of data: what conclusions can be drawn
Assessing your reasons for measuring
- A practical activity enabling you to become clear on the most important objectives you want to achieve through measurement
Establishing a culture of measurement and developing a measurement framework
- Assessing your current approach to measurement and assessment
- Creating an effective measurement reporting framework: how much data, when and to whom
- The audience for the data and how they will use it: building stakeholder commitment to action
- Presenting and communicating data for the audience’s attention
Benchmarking and comparator indicators: an exploration and evaluation of options
- Exploring the potential of alternative human capital measures and benchmarking frameworks
- How to use consultants and external suppliers to achieve value for money
Critical success factors and obstacles in human capital reporting and HR measurement
- Exploring what can go wrong: identifying and overcoming barriers
- Action planning for the future: what next