Business : S140 Staffing Metrics Evaluation

Running head: STAFFING METRICS EVALUATIONStaffing Metrics EvaluationInstitution AffiliationDate1STAFFING METRICS EVALUATION2IntroductionThe process of staffing metrics evaluation focuses on an extended spectrum of theoperations of a business and is essential in understanding a companys undertakings which areconnected to expenses and performance. Various methods of management tend to stress onvarying metric attributes like productivity, labor costs, satisfaction, employment, as well asretention. A suitable metrics program has the ability to encompass productivity, responsibilitiesof a companys costs, and risks (Yun, Choi, de Oliveira, & Mulva, 2016). A metrics program isessential since it facilitates the staffing needs of a company with the intention of accomplishingthe commercial objectives through getting the appropriate individuals for specific duties.Labor CostsThe aim of having attractive prices and reduced costs of production makes manyexecutives focus on reducing the labor costs. Therefore, Walmart seeks to reduce labor costs byensuring all the other costs associated with labor are decreased to a significant level. These costscomprise of the expense of nonproductive labor, the rates of overtime, the charge of labor perevery unit, and the overall cost of the workforce. Cost measures are said to be steady inindustries hence facilitating benchmarking. This means that other companies that are strugglingwith labor costs could seek guidance ...


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