Learn how Profit can help your organization SCHEDULE DEMO
✕
HR, or Human Resources, is the department that manages the people aspect of a business. This department or team handles hiring, employee retention, building culture, and other essential processes in an organization to ensure that employees are engaged, productive, and focused on their high-priority goals.
There are so many processes that an HR department needs to keep track of in order to ensure that all members of the organization are engaged and performing to the best of their ability. In order to properly keep track of these things, there are KPIs.
What are some important HR KPIs?
Some important HR KPIs that you can track to monitor human resource process success and efficiency include performance of new hires, salary competitiveness ratio, employee turnover rate, attrition rate, and absenteeism rate.
Since every organization is different, and may want to focus on different processes or areas of improvement, we’ve collected a catalogue of Human Resources KPIs below:
OKRs are the most prominent task and performance management tool that allows organizations to manage the overall performance of the employees. The HR department being...
Read more
Human Resource (HR) is a critical business function that recruits and nurtures the most precious resource for the organization – their people. However, very few...
Read more
There are many ways you can determine an employee’s satisfaction with their job. You might ask them to rate their engagement with the work, look...
Read more
“What kind of benefits does your company offer?” This might very well be the first question a potential employee asks. Benefits can make or break...
Read more
The discussion regarding the most important metrics in human resources is open to debate. However, most people agree on the fact that the candidates interviewed...
Read more
Cost per hire refers to the amount of money your company spends to hire recruiting talent. The total cost spent to recruit a talent covers...
Read more
While most organizations tend to overlook and underrate HR metrics, their efficiency in assessing the policies, employees and other important aspects is undeniable. Assessment and...
Read more
HR metrics are generally overlooked by most organizations but underrating them might not be the best idea – particularly if you’re an entrepreneur who desires...
Read more
When you own a company, you know that the employees are going to be different from each other. They are not only of different genders,...
Read more
The Diversity Rate metric is important for a company because of several reasons. Probably the most important one is the fact that the said company’s...
Read more
A common mistake that companies make when onboarding new employees is conducting inadequate training sessions. At times, an employee might not learn everything they need...
Read more
There’s a rule of thumb that applies to all companies in the world: the employees are divided into productive and procrastinators. When those procrastinators do...
Read more
It should come as no surprise that if they are unhappy, employees will leave the company that they work for. A couple of years ago,...
Read more
The First Year Voluntary Termination Rate is yet another Human Resources metric – of course, it’s also one that’s very important to a company, as...
Read more
It goes without saying that most employers try to offer their employees the best healthcare plans. However, health care plans are becoming more and more...
Read more
As CEO or part of the management’s team of a certain company, you will rarely look into how the hiring process is being done –...
Read more
The termination rate of a company is the percentage of people that decide (or are forced) to leave the company for various reasons. The voluntary...
Read more
Each entrepreneur is concerned about the prosperity of their business. And a business’ prosperity is naturally linked with the productivity and preparation level of its...
Read more
You’ve probably heard a lot of people complain about their workplace. They talk about how bad it is, and how they will never recommend anyone...
Read more
The New Hire 90-Day Failure Rate is a Human Resources metric that’s used by businesses and companies in order to determine the percentage of new...
Read more
As a company, you probably have your own employees that you can rely on a daily basis. They are your pillars that will help your...
Read more
Diversity and inclusion in the workspace represent a sensitive topic that every employer must know of and apply. And not only must the employer apply...
Read more
By now you should already be familiar with the Employee Satisfaction Survey, which should be taken once every 6 months. However, it can so happen...
Read more
As the owner of a company, you probably have two types of employees: full-time and part-time. However, since part-time employees are only contributing a small...
Read more
When it comes to HR metrics, the cost of workforce is the elephant and the room and the reason for that is quite transparent: in...
Read more
A company needs to perform well, and if you’re an owner, you know a lot about that. Not only you need to generate sales targets...
Read more
There are several situations in which your new employees could require training. For example, after a month of them being on the job, your company...
Read more
When candidates apply for a job, they don’t always know everything it includes. Some of them meet the job criteria, while others don’t, and you...
Read more
In order to maintain a healthy life and work properly too, employees need vacations. In order to make that possible, they need to have a...
Read more
As an entrepreneur of a successful company, you want your employees to perform well. Sometimes, the term well is difficult to put in words, and...
Read more
Employees, regardless of how long they’ve been employed at your company for, need to have a good performance. It is the only way your company...
Read more
There are so many metrics that it’s hard to keep track of each and every one of them. One of the metrics that is often...
Read more
Employees need to have a certain set of skills, as well as a lot of knowledge in the domain. When hiring new people, you want...
Read more
Those who start up their new business do so with a plan: to be successful in their business in the long run. And for you...
Read more
If anyone is getting into business without having no clue what the ROI is, they are in some serious trouble. When one owns a company,...
Read more
If you’ve worked in a company for years on end, you probably realized that people want better salaries not on account of them being materialistic,...
Read more
As you probably already know, simply hiring someone may not be enough to boost the performance of a certain department of your company. In this...
Read more
Companies hate it when their people leave – but they hate it even more when a valuable person with vast experience leaves. According to some...
Read more
It’s very rare that an employment at a certain company lasts for a lifetime – mainly because the average person works for about five years...
Read more
How can a company assess that its recruiting process is efficient or not? One of the ways in which you can do that is by...
Read more
Depending on the country or state that they live in, everyone has an age at which they are legally allowed to retire. However, there are...
Read more
As much as some companies love to change overnight for various reasons, people leaving the company is never a good change to embrace. As an...
Read more
There are times when people try their luck at getting a job at your company. Some candidates are what you’ve been looking for, while others...
Read more
We all get sick or have emergencies at some point. Sometimes, we are simply unable to get to work – and this has nothing to...
Read more