This week, we studied and discussed metrics relevant to the whole organization. For this assignment, you will demonstrate your understanding of these metrics by writing a short paper (about 2000 words) that addresses the following questions:
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- What can each metric demonstrate? What is its importance to HRM and strategic decision-making?
- What would be learned from statistics derived from this metric?
- Where might one find (or collect) the raw data for this metric? How would you implement tracking this metric in an organizational dashboard/balanced scorecard?
- What, if any, potential difficulties might create challenges in tracking this metric?