Human Capital KPI Tool
HR-development may improve the profit in two ways: by cost savings and by business profit efficiency. By increasing the effective working time there is possible to make more revenue. More revenue with the same costs increases the profit, thus improves business profit efficiency. Absence and staff turnover cost savings are easy to measure and calculate. Better work efficiency is more difficult but possible. It needs the measurement and analyze of staff quality of working life (QWL). QWL improvement may reduce staff costs and increase work efficiency. You can analyze the effects by human capital production function and by utilizing the Human Capital KPI tool.