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New Performance Management and Investor Metrics Standards Open for Public Review, Comment
 

   4/12/2012

New Performance Management and Investor Metrics Standards Open for Public Review, Comment 

Alexandria, Va. – The public comment periods for two new HR standards—performance management and investor metrics—are open now until May 24.                           

The performance management standard will provide employers with a uniform way to analyze and discuss their employees’ job performances. The investor metric standard will help the investment industry determine the value of human capital and report on it easily.

An interesting coincidence about these two standards reaching public review simultaneously is that they both represent two approaches for assessing performance in the workplace,” said Lee Webster, SHRM’s director of HR standards.

The American National Standards Institute (ANSI) designated the Society for Human Resource Management (SHRM) as the exclusive United States developer of human resources standards in February 2009.  In 2011, SHRM partnered with ASIS to release a workplace violence prevention and intervention standard. The cost-per-hire standard, released in 2012, is the first American national HR standard. Standards on employee and labor relations, staffing and workforce planning, compliance and regulatory, and metrics and measures are in the process of being developed.

All SHRM-sponsored HR standards are developed with the involvement of those who are affected by the standard, such as HR practitioners, line managers, academics, and consultants from public and private organizations across the country.

Individuals and organizations can view the proposed performance management draft standard and submit comments by visiting the SHRM balloting website at http://hrstandardsworkspace.shrm.org/apps/group_public/document.php?document_id=6505&wg_abbrev=pert09.

To view and comment on the investor metrics draft standard, visit: http://hrstandardsworkspace.shrm.org/apps/group_public/document.php?document_id=6504&wg_abbrev=mamt02.

The comments will be reviewed by the taskforce that developed the standard and will be incorporated where appropriate. Questions about the proposed draft standard or about how to submit comments should be directed to Lee Webster at 1-703-535-6047 or e-mail hrstds@shrm.org

For more information on HR standards, visit http://www.shrm.org/HRStandards/ .

About the Society for Human Resource Management

The Society for Human Resource Management (SHRM) is the world’s largest association devoted to human resource management. Representing more than 250,000 members in more than 140 countries, the Society serves the needs of HR professionals and advances the interests of the HR profession. Founded in 1948, SHRM has more than 575 affiliated chapters within the United States and subsidiary offices in China and India. Visit SHRM Online at www.shrm.org and follow us on Twitter @SHRMPress.

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