In today’s world, metrics matter. Companies constantly need to cut costs and departments need to communicate the value they provide in quantifiable numbers that are easy for others to interpret. In Human Resources, there are numerous values that can be calculated — focus on the most important to your company and goals. Adopting these metrics can take some adjustment, but after time, they will not only help you do your job better, but they will also let others know the success of your department.
Deciding the metrics to measure can be difficult. Choose those that will provide impact for your organization, your department’s goals, and that will help save your organization money.
Here are 10 metrics you should be calculating and tracking for your company:
Recruitment Yield Ratio
External Hire Rate
Internal Hire Rate
Having a strong sense of this data will enable you to monitor the effectiveness of the practices you have in place and will allow you to set quantifiable goals to improve performance.
Do you track your HR metrics? What is most important to your organization? Tweet us @taketheview or leave us a comment!