Business – 7.4 HRM strategy – Approaches to HRM | e-Consult
7.4 HRM strategy – Approaches to HRM (1 questions)
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Three common quantitative measurement methods are:
Key Performance Indicators (KPIs)
- Advantage: Directly links individual output to organisational goals; easy to track over time.
- Limitation: May overlook qualitative aspects such as teamwork or creativity; can encourage short‑term focus.
Productivity Ratios (e.g., units produced per hour)
- Advantage: Provides a clear, numerical measure of output efficiency.
- Limitation: Not suitable for roles where output is not easily quantifiable (e.g., administrative or creative work).
Attendance and Punctuality Records
- Advantage: Simple to collect and can highlight patterns of absenteeism that affect performance.
- Limitation: High attendance does not guarantee high quality work; may penalise employees with legitimate health issues.