HR KPIs (Human Resources Key Performance Indicators) are metrics used to measure how HR is contributing to the success of an organization . HR KPIs are strategic metrics that are used to evaluate how effective a company is in achieving key business objectives . HR KPIs are crucial to making the most out of data about personnel, and the workforce as a whole . It is impossible to improve at managing people if you do not measure the results of your work . HR KPIs mirror organizational performance for HR, as they are defined based on the HR outcomes that are relevant to achieve business goals . These business goals are often formulated in the Balanced Scorecard . HR KPIs can be used to determine how successful HR is in realizing the organizations HR strategy .
There are many HR KPIs, and some of them include:
– Employee Turnover Rate: This KPI measures the percentage of employees who leave the company over a certain period of time .
– Absenteeism Rate: This KPI measures the percentage of employees who are absent from work over a certain period of time .
– Time to Hire: This KPI measures the time it takes to fill a job opening .
– Training and Development Cost: This KPI measures the cost of training and developing employees .
– Revenue per Employee: This KPI measures the revenue generated by each employee .
These are just a few examples of HR KPIs. HR KPIs can be customized to fit the specific needs of an organization . If you want to learn more about HR KPIs, you can check out the HR Metrics & Dashboarding Certificate Program .