In one approach to assessing how effective HR is, specific measures of performance are compared against data on those measures in other organizations. Which of the following is the name of that approach?

Question

Quizplus · Accepted Answer

Benchmarking involves comparing an organization's performance measures to those of other organizations in order to identify best practices and areas for improvement. This approach can be useful in assessing the effectiveness of HR practices by comparing HR-related performance measures to those of other organizations in the same industry or with similar characteristics. Option A, ROI (Return on Investment), is a financial metric used to evaluate the efficiency of an investment. Option B, EVA (Economic Value Added), is a measure of a company's financial performance based on the idea that shareholder value is created when a company generates returns above its cost of capital. Option C, the balanced scorecard, is a management tool that provides an organization with a comprehensive view of performance across multiple areas, but is not specifically focused on HR effectiveness.

In One Approach to Assessing How Effective HR Is, Specific