7 HR and Recruiting Metrics To Develop a Strategic Business Advantage
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Our experts will discuss 7 human resources and recruitment metrics that leaders of HR teams can use to demonstrate the impact their department has on other areas of the organization but most importantly business management and strategy. This session focuses on measurements and metrics that align HR with it's role as a contributing partner in strategic planning focusing on the foundations of measurements, forecasting and reporting when it comes to the organization's strategic business plan. These metrics are essential in helping you articulate the importance and depth you have on the entire organization. We will show you how. These metrics go beyond the basic balanced scorecard and look at understanding how being a strategic business partner can help grow your organization depending on where your HR department is within the business growth phase or HR.
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7 HR and Recruiting Metrics To Develop a Strategic Business Advantage
- 2. Sponsored by Blogging4Jobs.com #HRsolutions Approved for 1 HRCI Recertification Credit • HRCI program number sent to you via email upon program completion
- 3. Sponsored by Blogging4Jobs.com #HRsolutions Our Panelists Jessica Miller-Merrell Rebecca Perot-Tripp
- 4. Sponsored by Blogging4Jobs.com #HRsolutions The Importance of Metrics
- 5. Sponsored by Blogging4Jobs.com #HRsolutions HR as a Business Partner
- 6. Sponsored by Blogging4Jobs.com #HRsolutions 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
- 7. Sponsored by Blogging4Jobs.com #HRsolutions Poll Question • How large is your organization?
- 8. Sponsored by Blogging4Jobs.com #HRsolutions #1: Turnover
- 9. Sponsored by Blogging4Jobs.com #HRsolutions Annualized Turnover
- 10. Sponsored by Blogging4Jobs.com #HRsolutions Turnover • Evaluated monthly • Measuring turnover by division, team, department • Involuntary vs. Voluntary
- 11. Sponsored by Blogging4Jobs.com #HRsolutions #2: Cost Per Hire
- 12. Sponsored by Blogging4Jobs.com #HRsolutions Cost Per Hire Read the full SHRM Benchmarking study at http://b4j.co/CPH-2012
- 13. Sponsored by Blogging4Jobs.com #HRsolutions What is an Internal Cost? • The more measure, the more accurate CPH actually is
- 14. Sponsored by Blogging4Jobs.com #HRsolutions #3: Total Compensation
- 15. Sponsored by Blogging4Jobs.com #HRsolutions 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
- 16. Sponsored by Blogging4Jobs.com #HRsolutions 4: Training Hours Per Employee
- 17. Sponsored by Blogging4Jobs.com #HRsolutions 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?
- 18. Sponsored by Blogging4Jobs.com #HRsolutions #5: Revenue Per Employee
- 19. Sponsored by Blogging4Jobs.com #HRsolutions Revenue Per Employee • Helpful in evaluating lost revenue based on position openings • Useful for department or company • Used to compare top performers
- 20. Sponsored by Blogging4Jobs.com #HRsolutions #6: HR to Employee Ratio
- 21. Sponsored by Blogging4Jobs.com #HRsolutions Poll Question • What is your HR to Employee ratio?
- 22. Sponsored by Blogging4Jobs.com #HRsolutions #7: HR as an Expense Factor
- 23. Sponsored by Blogging4Jobs.com #HRsolutions HR as an Expense Factor • Helps establish baseline expense & organizational importance • Human capital vs. HR
- 24. Sponsored by Blogging4Jobs.com #HRsolutions 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
- 25. Sponsored by Blogging4Jobs.com #HRsolutions Questions?
- 26. Sponsored by Blogging4Jobs.com #HRsolutions HR as a Business Partner
- 27. Sponsored by Blogging4Jobs.com #HRsolutions Approved for 1 HRCI Recertification Credit • HRCI program number sent to you via email upon program completion
- 28. Sponsored by Blogging4Jobs.com #HRsolutions 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