Key HR Metrics You Need to Measure HR Performance

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What are HR Metrics?

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HR Metrics also known as HR Performance Metrics, are the measurements that help organizations track the key areas in their HR data.

They are the HR performance indicators that track an organization’s human capital and measure how effective their human resource initiatives are on the success of the business.

10 HR Metrics to Measure HR Performance

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it helps in setting the baseline for tracking and measuring any improvements down the line.

1. Cost per Hire

Cost per Hire metrics also known as CPH shows how much it costs to hire new employees. This also serves as an indicator of the efficiency of the recruitment process.

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2. Early Employee Turnover

Early turnover is also very expensive. It takes almost between 6 to 12 months before the employees have fully reached the optimum productivity level.

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3. Time to Hire

The “time to hire” is a very important recruitment metric. This counts the days that pass between a job applicant submitting an application and accepting a job offer.

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4. Revenue per Employee

This HR performance metric shows the performance of an organization as a whole. The “revenue per employee” is the metric that shows the quality of the employee hired.

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5. Employee Engagement Rate

With great engagement comes great productivity. Engagement might be the most ‘soft’ HR outcome. Employees who like their job and are satisfied with their company are likely to be more engaged.

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Explore More 5 key HR Metrics by clicking below link.

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