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While many large HR functions have a metrics and reporting team, it is far less common with small-to-midsize companies. A cost-effective way to develop the reports that are needed is to partner with other functions where such expertise is more common. Examples include Finance, Engineering, IT, Marketing, etc.
The key is to clarify who will be best involved, who (on the HR team) will or should benefit from the skill development opportunity, and how they will engage with the other team members (e.g., what is the long-term plan or lifecycle for the integrated team).