Human Resource Management 16th Edition by Sean Valentine,Patricia Meglich,Robert Mathis

Exercise 7

HR Competencies & Applications: Talking Numbers with Organization Leaders
Key Competencies: Business Acumen (Behavioral Competency), Critical Evaluation (Behavioral Competency), Strategy (Technical Competency), and Organization/Technology & Data (Technical Competency)
CEOs are interested in knowing how HR practices impact key organization performance indicators. The CEO and other leaders are focused on the strategic goals of the organization rather than measures of activity. If HR professionals don't provide relevant metrics to leaders, there is little chance of gaining a seat at the strategic planning table or demonstrating the value of effective HR practices. The following strategic metrics will get the attention of the CEO and demonstrate the value of investing in human capital:
Revenue per employee
Quality of hire improvement
Performance turnover in key jobs
Revenue lost due to position vacancies
HR program contribution to productivity improvements
Percentage of HR strategic goals that were met.
-What data would be necessary to track and report on each of the metrics listed? What other functional areas within the organization would be involved in generating the data?