Two of the Most Common Strategic HRM Measurement Tools Include

question 52

Multiple Choice

Two of the most common strategic HRM measurement tools include:

• A)Economic Value Added and Return on Investment
• B)Employee Turnover Rate and Recruiting Yield Ratio
• C)Economic Value Added and Employee Turnover Rate
• D)Return on Investment and Employee Turnover Rate
• E)Employee Turnover Rate and Current Ratio

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Definitions:

Pay Structure

An organized system of compensating employees that defines the different levels of pay for jobs or groups of jobs within an organization.

Economic Forces

Factors that affect the behavior of consumers, businesses, and governments in the economy, such as inflation, employment rates, and GDP growth.

Product Markets

The venues or mediums where goods and services are bought and sold.

Standard Error

The standard deviation of the sampling distribution of a statistic, often estimating the precision of a sample mean relative to the population mean.