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What metrics can be used by HR to gauge the success of a total rewards benefits...

What metrics can be used by HR to gauge the success of a total rewards benefits program?

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Answer #1

HR managers use multiple set of metrics to gauge succes sof total rewards system :

  1. Employee satisfaction
  2. Employee turnover
  3. Employees retained
  4. Performance rise
  5. Employee happiness index
  6. Employee acquisition cost
  7. Employee retention cost

All these metrics help organisation determine effects pf extrinsic motivation on employee and what potential vakue the rewards will unlock in long term.

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