Glossary
Metric
Meaning & Definition
A metric is a measurable value used to track, evaluate, and assess the performance, efficiency, or progress of an individual, team, process, or organization. Metrics provide data-driven insights that help businesses monitor outcomes and make informed decisions. In HR, metrics are used to measure areas such as recruitment, employee performance, retention, engagement, and workforce productivity.
Importance of Metrics
- Helps measure employee and organizational performance objectively.
- Supports data-driven HR and business decision-making.
- Enables tracking of recruitment, retention, and productivity trends.
- Identifies areas for improvement and process optimisation.
- Assists in setting and evaluating business and workforce goals.
Legal Compliance / Policy / Regulation
No specific statutory compliance is directly linked to metrics in India.
However, organizations should ensure that employee performance metrics are fair, transparent, and aligned with company policies and applicable employment laws.
