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Crucial HR KPIs you need to make data-driven decisions

Business Management Daily

By keeping track of essential HR metrics like employee turnover rate, time to fill, and recruitment costs — you’ll have a solid grasp of your strengths and top areas for improvement. Yet, there’s no shortage of human resources KPIs out there, so how do you know which you should track? What are the benefits of tracking HR KPIs?

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5 ways to reduce employee turnover in restaurants

Homebase

Employee turnover can be one of your biggest costs as a restaurant owner. High employee turnover is a common battle that restaurants face. If you’re experiencing high employee turnover in your restaurant, you’re not alone. What is employee turnover in the restaurant industry? And when they leave, it can be expensive.

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The Secret To Selecting and Measuring Key Employee Performance Metrics

EmployeeConnect

The primary benefits of employee performance metrics are tied to fostering better employee engagement, which enhances productivity, innovation, creativity, employee loyalty and longevity. In the past, companies usually measured employee engagement by analysing turnover rates.

Metrics 138
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What is HR Analytics? All You Need to Know to Get Started

Analytics in HR

This has a significant impact on organizational performance , leading to as much as a 25% rise in business productivity, a 50% decrease in attrition rates, and an 80% increase in recruiting efficiency. Example: Annual employee turnover rate.) This reduced the number of hours and staff required to screen applicants effectively.

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4 Benefits of Competency-Based Hiring | ClearCompany

ClearCompany HRM

Empower your recruiters and hiring managers to make smarter hiring decisions with a competency-based system. A competency-based recruiting system standardizes core competencies for every role to help recruiters and hiring teams better understand the qualities of a best-fit candidate. Learn more about hiring for #CoreCompetencies: 2.

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20 HR Metrics To Consider Adding to Your Company’s KPIs

Pingboard

Human Resources metrics (which we’ll refer to as “HR metrics”) are benchmarks that allow you to measure how well your HR initiatives are performing and how they contribute to the overall success of your organization. Productivity. Retention . Why It’s Important To Track Human Resources Metrics and Who It Benefits.

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5 Signs You Need to Automate Your Hiring Process

ExactHire

The best applicant tracking systems can help you easily access the most important metrics. Learn how effective the changes you make to the hiring process really are by benchmarking this number. Retention rate is the percentage of employees staying with the company over a given time period.