OrgMetrics 04 Standardizes Workforce Effectiveness Measurement
TORONTO, ON – August 3, 2004 – Organization Metrics Inc. (OMI) announced OrgMetrics 04, the latest evolution of the OrgMetrics suite of HR management tools. These new parameter driven web-based tools revolutionize the way in which global organizations approach competency assessment, learning & development, performance management and succession planning.
In global and functionally diverse organizations, the push of corporate standards for workforce effectiveness metrics is often in direct conflict with the pull of operational autonomy at the business unit level. OrgMetrics 04 addresses this conflict with an enterprise system based on parameters that can be enabled or disabled at the corporate, company or business unit level. The result: workforce metrics that evaluate operational performance aligned with corporate strategies.
These conflicting needs are often compounded in an environment of mergers and acquisitions where business processes and applications vary greatly. This results in poor business performance as employees pursue tasks and personal development apart from corporate strategies. As cited in a recent study by Hewitt Associates, employees who are engaged in their organization produce double digit growth. OrgMetrics 04 facilitates this engagement and provides the metrics to evaluate outcomes.
OrgMetrics 04 also enables functional and workflow choices at the operational level within a predetermined set of corporate standards. For example, the expectation that all employees have measurable objectives that are aligned with corporate strategies may be a corporate standard. However, individual business units may determine the workflow around how these objectives are established, tracked and evaluated.
"Within our global organization, there are 11 functional divisions, each supporting the need for a single performance management solution but also wanting to maintain a certain level of autonomy regarding specific functionality," noted a director of organizational effectiveness for a Fortune 100 company. "Business requirements and varying levels of operational readiness within each division drove this need for flexibility in two areas: the requirement to have 'long term development plans' and the timing of business plan approvals by supervisors. OMI's parameter driven system allowed us to meet each division's specific needs while maintaining a globally consistent Performance Management process. The result: 100 percent compliance in our first year of implementation with highly positive client feedback."
First deployed in the financial sector in 2002 for performance management purposes, the applications capabilities have expanded to all areas of HR management. OrgMetrics 04 has now been successfully deployed in the pharmaceutical and consumer goods sectors, with other sectors scheduled for implementation throughout 2004 and 2005.
OrgMetrics 04 also benefits smaller companies with unique workflow processes. Application parameters can be enabled and disabled as necessary to produce a custom system without the custom cost.
Weve combined 20 years of HR best practice experience with proven web technology to produce a global application that responds to local needs," said Monika Schmidt, managing partner of OMI. Employees, managers, business units and corporate headquarters can all get the information they need to measure and improve business performance from a single source."
About Organization Metrics Inc.
Organization Metrics Inc. (OMI) is a leading provider of web-based HR management tools. Based just outside of Toronto, Canada, the company combines more than 20 years of HR and technology experience to produce enterprise applications that support competency assessment, learning & development, performance management and succession planning. Since 1984, OMI has helped some of North Americas largest and most successful organizations align individual performance with strategic objectives. For more information, visit www.orgmetrics.com.
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This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: www.HRmarketer.com) on behalf of the company listed above.
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