Explain and evaluate the collection method that should be used for each metric.

Case Scenario
To date, your HR department has not developed or implemented HR metrics. For this assignment, prepare an HR metrics proposal for the chief financial officer (CFO) for consideration. Your proposal must identify eight to 10 specific HR metrics that demonstrate the impact it has on the business. Remember, collecting data and calculating metrics is time-consuming and expensive; it is important to focus on the metrics that matter most. There are several categories and individual metrics to choose from such as workforce productivity; employee engagement; recruitment (e.g., new hire turnover, cost-per-hire, time-to-hire, referral rates, etc.); retention (e.g., overall employee turnover, performance turnover, etc.); overall HR costs; employee satisfaction; compensation and benefits; and others.
Prepare your HR Metrics Proposal using the template Download templateprovided.
Examine eight to 10 specific HR metrics.
Define each HR metric.
Provide the formula.
Explain and evaluate the collection method that should be used for each metric.
Evaluate how the data should be gathered.
Recommend how often these metrics should be collected and reported (monthly, quarterly, or annually).
Recommend to whom the metrics are to be presented.
Explain how these metrics are relevant.
Explain how these metrics impact the business.

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