What is ISO/TS 30432 about?
ISO/TS 30432 describes the elements of workforce productivity metrics cluster. ISO/TS 30432 provides the formula for comparable measures for internal and external reporting.
ISO/TS 30432 also highlights issues to be considered when interpreting the productivity data, especially when deciding on the appropriate intervention internally and when reporting this to external stakeholders (e.g., regulators, investors).
Who is ISO/TS 30432 for?
ISO/TS 30432 on HR management and workforce productivity metrics are useful for:
- HR managers
- Non-profit organizations
- Any organization that wants to evaluate its workforce
Why should you use ISO/TS 30432?
Productivity ratios per employee, such as revenue or profit per employee, are commonly used to compare the productivity of an organization in the market. These ratios can be used as a simple metric for cost reduction and control or the implementation of a system of performance-based compensation. A historical analysis of this ratio can offer important information about the development of the organization’s success or the success of the chosen strategy.
If you are for private business firm owner ISO/TS 30432 helps you to evaluate the profitable productive performance of your organization.
If you are a not-for-profit organization ISO/TS 30432 helps you to evaluate your organization’s effectiveness in providing service.
ISO/TS 30432 also shows you how effectively the investment in human capital is supporting the organization’s goals.