Top HR Metrics For The Modern HR Professional

With HR moving well beyond its administrative roots to take on a key strategic dimension, certain significant HR metrics are useful pointers to HR performance.

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Modern HR Professional

Why Are HR Metrics Needed?

What Are HR Metrics?

Are Companies Measuring HR Metrics?

  • 51% of HR respondents said they could perform predictive or prescriptive analytics, compared to only 37% in finance, indicating higher data processing maturity
  • 89% of respondents agreed that the metrics could help plan the future of the workforce
  • 94% said the metrics provided real-time insights into the career development goals of their employees

Which Are The Important Areas For HR Metrics?

Recruitment

  • Conversion of candidates interacting with employer brand
    Candidates interact with a company through recruitment marketing emails, employer branding blogs, and other messaging modes and types. Here, the focus is on seeing how many such people apply for a job.

Learning And Development

  • Effectiveness of training
    This is a tough talent management metric, as it is hard to measure what someone has learned. It helps to set goals for training and analyze whether the candidate has achieved those goals once training is complete. Another way is to look at baseline productivity and see how training impacts it in the long term.

Revenue

  • Engagement rating
    Directly related to productivity, engagement is an important factor. Even in a stressful and high-pressure work environment, a person is engaged if they are proud of the job and the company. Stress becomes a challenge to overcome, and engagement is also important to judge the success of the team manager.

Absenteeism

  • Absence rate per manager
    Similar to the above, this looks at the ratio of absence days in a particular team or department to the total FTE of that team or department. It is a good way to identify problem areas in the company; for instance, if particular departments have a continuous issue with high absence rates, they may need focused intervention.

Retention

  • Retention rate per manager
    This looks to identify managers doing a great job in connecting and engaging with their team members as against those not doing such a great job. The latter could be provided with the requisite support to enable better performance.

Original Source: Top HR Metrics For The Modern HR Professional

Human Resource Professional. Passionate about Human Resources. Writing has always been a passion with strong interest in talent management & HR Industry.