HR Matrix & It's Impact On Business. Presentation By : IS hank R astogi
HR Metrics HR metrics provide the method to measure the performance of the various functions under the HR department. The metrics provide a method to put a target number against the intangible goals of HR. Hence, this helps in setting a target for HR department, measuring their performance and making them accountable.
There are three types of human resources metrics: Metrics that measure the effectiveness of the human resources function Metrics that measure the efficiency of the human resources department Metrics that measure the effectiveness of the employees within the organization Types Of HR Metrics
Examples Of It's Uses Annual Turnover Turnover Cost Tenure/Stickiness Percentage of performance goals met or exceeded Engagement or satisfaction rating Average days absent Compensation & benefit revenue ratio HR cost per employee
Categories of HR metrics
Need For HR Metrics Massive data availability and inefficiency to analyse it properly Enhancement of HR technological capabilities Demand of HR Analytics