HR METRICS- ITS IMPACT ON RETURN ON INVESTMENT : A STUDY ON SELECT ORGANIZATIONS IN ASSAM.

Authors

  • Dr. Kabita Kalita Assistant Professor Department of Management Pandit Deendayal Upadhyaya Adarsha Mahavidyalaya, Tulungia, Bongaigaon
  • Ananya Das Assistant professor Department of Accountancy Pandit Deendayal Upadhyaya Adarsha Mahavidyalaya, Tulungia, Bongaigaon

Keywords:

HR Metrics, Return on investment, organization, measurement, impact

Abstract

Recent developments in the field of Human Resource Management has led to the evolution of Human Resource (HR) metrics and Workforce analytics. Without the use of HR metrics, it is observed that organizations measure the effectiveness of HR policies by a trial and error method. Prior to the introduction of metrics, the result of the HR policies and efforts of people involved went unnoticed. But with the introduction of HR Metrics, a new revolution has come into being.
Objective: The present study is thus an attempt to see the impact of metrics on one of the most essential element of organization i.e the Return on investment (ROI).
Methodology: Each organization wants to have a positive ROI. The study was conducted across several organizations in Assam. HR professionals were involved and a questionnaire was given based on the Likert scale. Answers were collected and those were further studied with various statistical tools like Reliability analysis, ANNOVA, Correlation, Regression.
Findings: There is a positive relationship between HR metrics and Return on investment (Trivedi, 2015). The present study is also aligned and in consistency with the previous studies and finds a significant relationship between HR Metrics and Return on investment. The study was done taking into account three variables of research and all of them had an impact on Return on investment.
Novelty: This research takes into account three new dimensions of HR metrics while undertaking the study which were not done previously.

Downloads

Download data is not yet available.

References

• Bassi L. and McMurrer D. (2006) Human Capital and Organizational Performance: Next Generation Metrics as a Catalyst for Change, New York,White Paper, McBassi and Company.

• Ben Gal H.C (2019) An ROI Based review of HR Analytics: Practical Implementation Tools, Personnel Review, England,Emerald publication

• Boudreau J.W. and Ramstad (2013), Beyond HR: The New Science of Human Capital, New York,Harvard Business Press

Ekka S. (2 0 2 H R Analytics : Why it matters?, Journal of Contemporary Issues in Business and Government, 27(2), 2283-2291.

Jayanthi R. (2018) A Study on Effectiveness of HR Metrics, International Journal of Science and Research, 9(2), 1630-1635

Kalita K. (2020) A Study on Corporate Governance Practices in Select Public Sector Entities in Assam, PH.D Thesis, Assam

Lakshmi P.M. and Pratap P.S. (2016) HR Analytics: A Strategic Approach to HR Effectiveness, 6 (2), 21- 28

.Park T.Y. and Shaw J.D. (2013) Turnover Rates and Organizational Performance: A Meta analysis, Journal of Applied Psychology, 98(2), 268-309

Rauf A.,G.Saba (2016) Measuring the effectiveness of HR Metrics on Return on Investment-An Empirical study on Pakistani Organizations, Spain, 28th 1BIMA Conference on Vision 2020.

Trivedi A. (2015), HR Metrics: A Benchmark towards Effectiveness, International Journal of Recent Scientific Research, 6(7), 5215-5218

Downloads

Published

2022-09-30

How to Cite

Kalita, D. K. ., & Das, A. . (2022). HR METRICS- ITS IMPACT ON RETURN ON INVESTMENT : A STUDY ON SELECT ORGANIZATIONS IN ASSAM. The Journal of Contemporary Issues in Business and Government, 28(3), 247–255. Retrieved from https://cibgp.com/au/index.php/1323-6903/article/view/2371

Issue

Vol. 28 No. 3 (2022): The journal of contemporary issues in business and government

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

You are free to:

  1. Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
  2. Adapt — remix, transform, and build upon the material for any purpose, even commercially.
  3. The licensor cannot revoke these freedoms as long as you follow the license terms.

Under the following terms:

  1. Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
  2. No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.

Notices:

You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .

No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.