MGT 496 Lecture Notes - Lecture 6: Performance Management
Document Summary
Turnover rate = total number of leavers over the period / average total number of employees over the period * Soft - metrics and analytics being used as a tool to bring about mutual gains for worker and organization. Hard - metrics focused on the costing of workers. Return on investment - return on a company"s monetary investment in a new program or activity o change to a current program or activity. Roi = (anticipated benefits total development cost) / total development cost of program x 100. Settlement costs and penalties - costs of fines and legal settlements related to hr issues. Training participation rate - percentage of employees who participated in company paid training. Average performance rating - mean performance rating across a selected group of employees receiving performance assessments. Compa ratio - compensation ratio is defined as the relationship of current salaries to average salary rates.
