What are HR metrics?
Executives request HR metrics to quantify the cost and the impact of employee programs and HR processes. Advanced HR metrics (aka “analytics”) measure the success (or failure) of HR initiatives. HR metrics enable a company to track trends and changes in key workforce performance indicators. HR metrics are also how organizations measure the value of the time and money spent on HR activities in their organizations. This article clearly defines and categorizes the spectrum of HR metrics available. Armed with this insight, you can identify where to start your HR metrics dashboard. A good HR Metrics solution will tell you if you are getting “bang for your buck” and where to re-allocate your budget and your people for higher Human Capital ROI. Download now for sample HR Metrics to move quickly toward your HR metrics and analytics benchmarks.