HR index

HR index

1. Human Resource (HR) Index Dr. G C Mohanta, BE(Mech), MSc(Engg), MBA, PhD(Mgt) Professor Al-Qurmoshi Institute of Business Management, Hyderabad - 500005

2. Human Resource (HR) Index Human Resource Index is a system for examining and measuring a company's ability to capitalize on its human resource investment. HR Index measures the quality, impact & effectiveness of HR in a place. It is measured by deducing the contributions of the human resources to the organization vis-à-vis organizational productivity, staff satisfaction, innovation, technology, mentoring, return on training among other indices.

3. Human Resource Index (Contd.) With 40-70% of a company's cost associated with payroll and other human resource functions, the investment, when managed wisely becomes a company's most valuable asset. HR index helps a company in out-performing competition, control costs, increase productivity, reduce legal exposure, avoid unionization and plan for continued success by strategically & innovatively managing human resources.

4. Human Resource Index (Contd.) Human Resource Index focuses on ten primary functions within the Human Resource realm: Employment, Compensation, Employee Benefits, Training & Development, Management Development, Succession Planning, Organization Climate, Health & Safety, Equal Employment Opportunity and Legal Compliance.