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duction In today's dynamic business landscape, Human Resource (HR) metrics play a pivotal role in assessing workforce effectiveness, optimizing talent management, and driving organizational success.
duction In today's dynamic business landscape, Human Resource (HR) metrics play a pivotal role in assessing workforce effectiveness, optimizing talent management, and driving organizational success. This report focuses on the essential HR metrics that mid-sized companies should analyze and regularly report to Senior Management. We will explore how to obtain, analyze, and present this critical data. A General Discussion on HR Metrics Types and Categories Cost per Hire (CPH): Measures the average cost incurred to acquire a new employee. Includes recruitment expenses, software costs, advertising, and health screenings. Provides insights into hiring efficiency and cost-effectiveness. Time to Hire: Evaluates the duration from initial engagement with the recruiting process to job acceptance. Shorter time to hire indicates efficient talent acquisition. Quality of Hire: Assesses the effectiveness of new hires based on performance, retention, and alignment with organizational goals. Employee Net Promoter Score (eNPS): Measures employee satisfaction and loyalty. Impacts retention and overall productivity. Absenteeism Rate: Reflects employee absenteeism, which affects productivity and morale. Employee Growth Rate: Tracks workforce expansion over time. Employee Turnover Rate: Indicates the percentage of employees leaving the company. High turnover can signal underlying issues. Salary Averages and Range Penetration: Analyzes compensation levels and distribution. Diversity Ratios: Measures
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