The Top 5BusinessIntelligenceMetrics for HRDepartments
INTRODUCTION2
COST                                 Whether it is budget review time or there                                            ...
About KPI            KPI Partners is an Oracle Partner who specializes in Oracle Business            Intelligence (BI) and...
The Top 5 Business Intelligence Metrics for HR Departments    #5    MONTHLY    TURNOVER RATE5
Monthly Turnover RateCompanies that maintain a large workforce                      Monthly Turnover Rate is less critical...
The Top 5 Business Intelligence Metrics for HR Departments    #4    HR TO STAFF RATIO7
End Of PreviewDownload The Entire E-Book At   www.kpipartners.com              1
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KPI E-Book: The Top 5 Business Intelligence Metrics For HR

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The Top 5 Human Resource Metircs presented in this KPI Partners e-book provide quantitative measurements for productivity and other employee related issues.

Whether it is budget review time or there is strategic planning in the works by the corporate big wigs, HR is a go-to place for statistics and data.

HR metrics are crucial options for businesses. Through human resource analytics, companies can maintain proper budgets, improve their tax benefits and create a workforce that is more efficient.

Simply put, using human resource analytics is key when determining how many employees a company needs, whether the current staffing is effective and if businesses are getting a reasonable return for their workforce penny.

"Human Resources is one of those back office departments that must always justify themselves."

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KPI E-Book: The Top 5 Business Intelligence Metrics For HR

  1. 1. The Top 5BusinessIntelligenceMetrics for HRDepartments
  2. 2. INTRODUCTION2
  3. 3. COST Whether it is budget review time or there is strategic planning in the works by the PER corporate big wigs, HR is a go-to place for HIRE statistics and data. Metrics provide quantitative measurements LABOR for productivity and other employee DIVERSITY related issues. EMPLOYEE ENGAGEMENT Simply put, using human resource analytics is key when determining how many HR TO employees a company needs, whether STAFF RATIO the current staffing is effective and if businesses are getting a reasonable return MONTHLY for their workforce penny. TURNOVER RATE Share3 © 2013 KPI Partners, Inc.
  4. 4. About KPI KPI Partners is an Oracle Partner who specializes in Oracle Business Intelligence (BI) and Oracle Enterprise Performance Management so- lutions. The award-winning staff at KPI Partners comes directly from the product engineering departments at Oracle, Siebel, and Hyperion. In addition to consulting services, KPI Partners offers training, support, and exclusive pre-packaged analytic solution extensions for Oracle Business Intelligence. KPI Partners works with both corporate technology departments and corporate business units to develop value-added business intelligence solutions, not just new technology deployments. Share4 © 2013 KPI Partners, Inc.
  5. 5. The Top 5 Business Intelligence Metrics for HR Departments #5 MONTHLY TURNOVER RATE5
  6. 6. Monthly Turnover RateCompanies that maintain a large workforce Monthly Turnover Rate is less critical forneed to monitor the monthly turnover rate. small businesses. An office that onlyTurnover refers to the number of employee employees 3 individuals is likely to have aseparations a company has every month. low turnover. There is less work involved inThat may include retirements, firings and maintaining the proper staff. Even if theyvoluntary departures. This human resource fall short for a period of time, the otheranalytics tool helps management plan to office workers can pick up the slack.cover staffing needs fully.For example, a call center may employee 50workers at any given time, but with a largeturnover rate can fall short on shifts. Withthis in mind, a large monthly turnover ratesignals the human resource department toremain in hiring mode to compensate. Thegoal is to keep 50 people in the call centerat during all shifts. Share6 © 2013 KPI Partners, Inc.
  7. 7. The Top 5 Business Intelligence Metrics for HR Departments #4 HR TO STAFF RATIO7
  8. 8. End Of PreviewDownload The Entire E-Book At www.kpipartners.com 1
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