HR metrics provide a method to measure the performance of HR functions and put tangible targets on intangible HR goals. There are three types of HR metrics: those that measure the effectiveness of the HR function, efficiency of the HR department, and effectiveness of employees. Examples include annual turnover, engagement ratings, and days absent. HR metrics are needed due to the large amount of available data, improved HR tech capabilities, and demand for HR analytics to properly analyze data and enhance business results.
1. HR Matrix & It's Impact On Business.
Presentation By :
IShank Rastogi
2. HR Metrics
HR metrics provide the method to measure the
performance of the various functions under the HR
department. The metrics provide a method to put a
target number against the intangible goals of HR.
Hence, this helps in setting a target for HR
department, measuring their performance and
making them accountable.
3.
4. There are three types of human resources metrics:
1. Metrics that measure the effectiveness of the
human resources function
2. Metrics that measure the efficiency of the human
resources department
3. Metrics that measure the effectiveness of the
employees within the organization
Types Of HR Metrics
5.
6. Examples Of It's Uses
● Annual Turnover
● Turnover Cost
● Tenure/Stickiness
● Percentage of performance goals met or
exceeded
● Engagement or satisfaction rating
● Average days absent
● Compensation & benefit revenue ratio
● HR cost per employee
9. Need For HR Metrics
1. Massive data availability and inefficiency to
analyse it properly
2. Enhancement of HR technological capabilities
3. Demand of HR Analytics
