What is HR KPI’s and how can I use them?
An HR key performance indicator, or metric, is a measurable value that helps in tracking pre-defined organizational goals of human resources management. HR departments use KPIs to optimize recruiting processes, employee engagement, turnover rates, training costs, etc
In order to be successful, HR managers need to use HR KPIs that reflect the larger goals of the department or company. Further, they need to be:
Concrete – The KPI should be tangible and it should have a specific goal.
Measurable – If you cannot measure the KPI, it isn’t a KPI.
Reachable – Stay realistic when defining a KPI that will determine your success.
Relevant – Monitor only the things that really matter, don’t waste time with indicators that do not contribute anything to your company
Top KPI’s used in HR Departments:
- Retention of talent
- Duration in the position
- Dismissal rate
- Absenteeism of the workforce
- Average time to recruitment
- Education and training
- Cost per hire
- Employee productivity
- Accidents in the workplace
- Employee satisfaction
Dont forget to check out out HR Insights in HRSimplified GENUS – more about HR Analytics here
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