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10 vital HR metrics to track for your business

Business Management Daily

Human resources analytics, a relatively new discipline, is growing at an extraordinary rate and is quickly becoming an essential competency for HR professionals, according to Dr. Michele Rigolizzo, an assistant professor at the Feliciano School of Business at Montclair State University. It’s important in many ways.

COMPAS 59
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16 Essential HR Metrics Not Enough Companies Monitor

Ongig

There are no simple fixes, but a successful retention strategy must start with measuring the most important HR metrics. This article will explain which HR metrics matter and why you should measure them. Cost per hire Cost per hire is the total amount spent on hiring divided by the total number of engagements.

COMPAS 59
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The 100 HR Indicators Every Manager Needs to Know

EmployeeConnect

This list of HR Key Performance Indicators (KPIs) and metrics contains certainly enough to help you fuel your HR dashboard for the next few months if not longer. Sure, it doesn’t contain every single HR metric you could think of, but it represents some of the most important, and for most of the major HR functions.

COMPAS 100
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What Is Salary Range Penetration? Definition, Use, and Examples

Analytics in HR

There are several metrics you can use to ensure fair pay. Salary range penetration is a crucial compensation metric to help you understand and manage pay differences at your organization. Why is salary range penetration a useful compensation metric? How can HR enable managers to use salary range penetration?

COMPAS 90
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What’s Your Most Useful Metric? More Results of Our HR Metrics Survey

HR Daily Advisor

In yesterday’s Advisor , we shared some of the results of our nationwide survey on HR metrics. 604 individuals participated in the HR Daily Advisor ’s HR Metrics Survey, conducted in April 2015. Turnover is clearly a very important metric for the HR professionals we surveyed—78% of participants measure it.

Metrics 40
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7 Compensation Issues and How to Fix Them

Analytics in HR

Hence, your Human Resources and/or Compensation & Benefits department must ensure the compensation you offer to your employees is appealing enough to keep your team happy. Tracking compensation metrics. So how do you identify and fix compensation issues? Executive compensation. Steps to identify and fix compensation issues.

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What is People Analytics and How Do I Get Started?

Visier

People analytics (also commonly known as HR analytics or workforce analytics) is the practice of collecting and transforming HR data and organizational data into actionable insights that improve the way you do business. Taking the first steps into data-driven HR can feel daunting, but it doesn’t have to. For Visier’s Sr.