7 HR & Recruiting Metrics You Can't Live Without
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7 HR & Recruiting Metrics You Can't Live Without

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Human resource metrics and establishing ROI are extremely challenging and important in building a strategic HR practice for your organization. This presentation includes 7 human resources metrics and ...

Human resource metrics and establishing ROI are extremely challenging and important in building a strategic HR practice for your organization. This presentation includes 7 human resources metrics and formulas that our experts have found most helpful in establishing the demonstrating the value that a HR department brings.

Visit http://b4j.com/hrciwebinars & register to get PHR, SPHR & GPHR HRCI cert credits free and on demand.

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  • Smaller organizations of fewer than 1,000 employees report an CPH of $3,079 and larger organizations with more than 1,000 reported a CPH of $4,285. Time to fill is another popular metric used in conjunction with this one. Large organizations take 43 days to fill a position compared to 29 days for smaller organizations.
  • Total compensation is a percentage of revenue is used to monitor total labor costs.
  • Technical vs. soft skills training. . .
  • Looking at base on period of time in position in short term and long term depending on position.

7 HR & Recruiting Metrics You Can't Live Without Presentation Transcript

  • 1. Get HRCI Recert Credits • Visit http://b4j.com/hrciwebinars & register to get PHR, SPHR & GPHR cert credits free. Sponsored by Blogging4Jobs.com #HRsolutions
  • 2. Our Panelists Jessica Miller-Merrell Sponsored by Blogging4Jobs.com Rebecca Perot-Tripp #HRsolutions
  • 3. The Importance of Metrics Sponsored by Blogging4Jobs.com #HRsolutions
  • 4. HR as a Business Partner Sponsored by Blogging4Jobs.com #HRsolutions
  • 5. HR as a Business Partner Contributes to business performance Promotes delivery of business benefits Maximizes employee engagement Improves people management activities • Supports legal & regulatory compliance • • • • Source: HR – The Business Partner Sponsored by Blogging4Jobs.com #HRsolutions
  • 6. Poll Question • How large is your organization? Sponsored by Blogging4Jobs.com #HRsolutions
  • 7. #1: Turnover Sponsored by Blogging4Jobs.com #HRsolutions
  • 8. Annualized Turnover Sponsored by Blogging4Jobs.com #HRsolutions
  • 9. Turnover • Evaluated monthly • Measuring turnover by division, team, department • Involuntary vs. Voluntary Sponsored by Blogging4Jobs.com #HRsolutions
  • 10. #2: Cost Per Hire Sponsored by Blogging4Jobs.com #HRsolutions
  • 11. Cost Per Hire Read the full SHRM Benchmarking study at http://b4j.co/CPH-2012 Sponsored by Blogging4Jobs.com #HRsolutions
  • 12. What is an Internal Cost? • The more measure, the more accurate CPH actually is Sponsored by Blogging4Jobs.com #HRsolutions
  • 13. #3: Total Compensation Sponsored by Blogging4Jobs.com #HRsolutions
  • 14. Total Compensation • Used to monitor labor costs • Compares fixed vs. variable costs • Metrics like benefit costs can be can be used as a comparison of total Sponsored by Blogging4Jobs.com #HRsolutions
  • 15. 4: Training Hours Per Employee Sponsored by Blogging4Jobs.com #HRsolutions
  • 16. Training Hours Per Employee • Further analysis of training hours by employee level or position compared to turnover • Do employees believe they are receiving acceptable training & development • How can we translate that into a business result? Sponsored by Blogging4Jobs.com #HRsolutions
  • 17. #5: Revenue Per Employee Sponsored by Blogging4Jobs.com #HRsolutions
  • 18. Revenue Per Employee • Helpful in evaluating lost revenue based on position openings • Useful for department or company • Used to compare top performers Sponsored by Blogging4Jobs.com #HRsolutions
  • 19. #6: HR to Employee Ratio Sponsored by Blogging4Jobs.com #HRsolutions
  • 20. Poll Question • What is your HR to Employee ratio? Sponsored by Blogging4Jobs.com #HRsolutions
  • 21. #7: HR as an Expense Factor Sponsored by Blogging4Jobs.com #HRsolutions
  • 22. HR as an Expense Factor • Helps establish baseline expense & organizational importance • Human capital vs. HR Sponsored by Blogging4Jobs.com #HRsolutions
  • 23. The Secret to the Seat at the Table • Focusing on business case • Providing reports & analysis to business leaders • Creating pilots to test organizational changes • Setting clear expectations • Building alliances with key stakeholders Sponsored by Blogging4Jobs.com #HRsolutions
  • 24. Get HRCI Recert Credits • Visit http://b4j.com/hrciwebinars & register to get PHR, SPHR & GPHR cert credits free. Sponsored by Blogging4Jobs.com #HRsolutions
  • 25. Questions? Sponsored by Blogging4Jobs.com #HRsolutions
  • 26. Learn more about . . . • Rebecca Perot-Tripp at www.linkedin.com/in/rebeccaperottripp • Jessica Miller-Merrell at www.blogging4jobs.com Additional resources: SHRM Benchmarking study at http://b4j.co/CPH-2012 Sponsored by Blogging4Jobs.com #HRsolutions