We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

The importance of HR measurement and metrics to HR's role as a strategic business partner - Thesis Example

Comments (0) Cite this document
Summary
This study aims to examine the use of HR metrics in the electric and gas utilities industry in the US along with their effects on the firms’ overall performance, owing to a lack of standardized systems to regularly identify and communicate the outcomes of HR programs to targeted individuals within the organization, …
Download full paper
GRAB THE BEST PAPER
The importance of HR measurement and metrics to HRs role as a strategic business partner
Read TextPreview

Extract of sample
The importance of HR measurement and metrics to HR's role as a strategic business partner

Download file to see previous pages... This thesis describes measurement of the effects of human capital that has become a continual challenge for human resource professionals in various industries. Practices for human resource management are of paramount importance in enhancing the overall performance of firms. Based on previous findings, investments on human capital can bring about favorable returns, such as the increased employee skills, increased productivity and profitability, or enhanced stock market performance. Consequently, organizations have come to recognize that improvements in their human resources can strongly increase organizational efficiency despite increasing competition, business operations and need for cost effective environments. In addition, there has been considerable pressure on the HR function to evaluate and measure its role and contribution in increasing competitive advantage for organizations. In particular, organizational changes, increased accountability, increased productivity, implementation of HR strategies, increasing application of human resource information systems, and growing reliance on the interaction between managers and HR. Consequently, previous studies have looked into the different approaches that can be used for measuring HR contributions, hence the term ‘HR metrics’. This study will then focus on the gas and electric utilities industry of the United States, particularly their use of HR metrics and its impact on their performance. Gas and Electric Utilities Industry in the U.S. The electric utility industry in the country is considerable in size. According to the International Energy Agency, it may be likely that demand for electricity will double in the next 25 years. Consequently, large investments in equipment and services that transmit electricity to residential homes and workplaces can be expected as well. As a response to the financial crisis in 2008, the US government had allocated $11 billion to develop the smart grid infrastructure that will enable electricity transmission from long distances as well as increase the energy use efficiency. What has been referred to as electric utilities at present have been associated with companies that generate, transmit, distribute, and conduct billing. Historically, due to the natural monopoly, such electric utilities may either be strictly regulated or public owned. In the past decade, generation of electricity has been separated from its transmission and distribution for companies to create wholesale power markets with which electric utilities obtain energy from their competing generators. In addition, natural gas utilities in the United States have been serving over 70 million customers in the country that is provided by means of underground delivery systems that run for over 2 million miles (AGA, 2011). Residential customers, electric power plants, and establishments that mainly utilize gas for commercial purposes, such as restaurants, account for majority of the consumers. In terms of employment and working conditions, numerous utility workers typically experience night and weekend shifts with which a number of these employees may work overtime to assist peaks in demand as well as repair the damages caused by accidents, natural disasters, and other occurrences. The working environment of the electric and gas utilities industry has also been associated with hazardous operations and materials, hence the continual need for their employees to undergo adequate and formal training (Bureau of Labor Statistics, 2011). Despite the efforts of the utilities industry to increase profitability and enhance worker productivity, however, a number of challenges are still being faced by the electric and gas utilities firms, such as the need for sustainability, security of supply, a more complex combination of energy technologies and resources, as well as access to lucrative opportunities (MCE, 2011). It ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The importance of HR measurement and metrics to HR's role as a Thesis”, n.d.)
Retrieved de https://studentshare.org/management/1391389-the-importance-of-hr-measurement-and-metrics-to-hr
(The Importance of HR Measurement and Metrics to HR'S Role As a Thesis)
https://studentshare.org/management/1391389-the-importance-of-hr-measurement-and-metrics-to-hr.
“The Importance of HR Measurement and Metrics to HR'S Role As a Thesis”, n.d. https://studentshare.org/management/1391389-the-importance-of-hr-measurement-and-metrics-to-hr.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Kraft Foods, Incorporated: A Strategic Management Perspective
This paper presents brief report of Kraft Foods Inc. and its history starting from late 1890s till now. The paper demonstrates governance structure of Kraft Foods Inc: board of directors, top management and shareholders, corporate social responsibility of the company and its macroenvironment: sociocultural factors; technological factors; political and legal factors and economic factors.
59 Pages(14750 words)Thesis
SWOT analysis: strategic position and analysis of Dresser Rand
The purpose of the SWOT analysis is to evaluate the strategic position and analysis of Dresser-Rand. In which, its strengths, weaknesses, opportunities and threats have been taken into account. The strengths include the use of technology, innovation and efficiency enhancement and safety.
16 Pages(4000 words)Thesis
Business Plan
Plans concurrently exist to broaden the scope of these online stores to include other parts of UK and the remainder of Europe. The retail segment is at a booming stage and with consumer preference the online business has also emerged to be one of the most preferred ways of shopping chosen by consumers.
36 Pages(9000 words)Thesis
The Importance of Play in the Design Practice
ude 32 35 12 Conclusion 35 37 The Importance of Play in Design Practice Introduction Designing in any field, whether it is architectural, graphic or product, requires a high level of creativity and imagination, along with a keen sense of aesthetics. These attributes cannot be imbibed in a person through education or training but the individual concerned, who aspires to pursue a career in designing, needs to have a natural flair for creative arts.
35 Pages(8750 words)Thesis
Business and management studies
Therefore main goal of organizations is to last. Employees’ output is vital to support the organization to achieve its objectives. Workforce is the most significant advantage that
2 Pages(500 words)Thesis
The importance of initial (primary) education in the professional development of teachers
Some of the key qualities of an outstanding teacher include commitment, motivation, effective communication skills, high amount of knowledge, and ability to adapt to the changing needs. However,
2 Pages(500 words)Thesis
MGT499 Mod 5 SLP - Strategic Management: Strategic Choices and Implementation
The risks and the opportunities which they could reasonably expect to face (SWOT), Company’s Mission, Vision, earning potentials and stakeholders. Colgate Palmolive Company is a multinational company which deals
5 Pages(1250 words)Thesis
Enhance HR & Fin communication
Important thing to remember is that all the pages will be numbered except the title page. Table of contents will be placed after executive summary. After table of contents, remaining project sections will be added. Chapter 1: Introduction, Chapter 2: Literature Review,
70 Pages(17500 words)Thesis
Business in Literature
Ethics is described as the moral concept of the right or wrong conduct of individuals in a society. It seeks to resolve questions dealing with human morality and outline our rights and responsibilities to each other while guiding our
4 Pages(1000 words)Thesis
HR as a Strategic Partner
Recently, firms have realized the need to incorporate human resource in strategic planning since it is the department that is responsible for the implementation of the strategies formulated
3 Pages(750 words)Assignment
Let us find you another Thesis on topic The importance of HR measurement and metrics to HR's role as a strategic business partner for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us