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it helps in setting the baseline for tracking and measuring any improvements down the line.
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.
Early turnover is also very expensive. It takes almost between 6 to 12 months before the employees have fully reached the optimum productivity level.
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.
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.
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.