HR Metrics to Improve Strategic Business Objectives
HR metrics benefits
Point out opportunities for improvement in terms of how the Human Resources department is supporting the business and
meeting the needs of the employees
Great tool for assessing the current state of a business, predicting future performance, and formulating strategies for growth and improvement
Provide insights on how to effectively streamline the management of their human capital with business goals and objectives
Employee satisfaction
Employee engagement and business performance
Attracting and retaining, and engaging the high quality talent
Employee engagement surveys
Turnover costs
Significant costs to the business every time an employee leaves
Job advertising or COBRA continuation
Productivity loss and employee morale issues
Quality of hire
Average job performance rating
Percent of new hires reaching satisfactory productivity
Retention of new hires
Amount of recognition
Turnover differences between your high and low performers
Compare employee separations of high performing and low performing employees
Determine evident patterns that should be addressed
Measuring the performance ratings of your high performing employees against the average salary for their position
Help to stay competitive
Retain high performers
Reduce turnover costs