7 hr & recruiting metrics you can't live without
DESCRIPTION
Human resource metrics and establishing ROI are extremely challenging and important in building a strategic HR practice for your organization. This presentation includes 7 human resources metrics and formulas that our experts have found most helpful in establishing the demonstrating the value that a HR department brings. Visit http://b4j.com/hrciwebinars & register to get PHR, SPHR & GPHR HRCI cert credits free and on demand.TRANSCRIPT
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Get HRCI Recert Credits
• Visit http://b4j.com/hrciwebinars & register to get PHR, SPHR & GPHR
cert credits free.
![Page 3: 7 HR & Recruiting Metrics You Can't Live Without](https://reader033.vdocuments.us/reader033/viewer/2022061212/5495502bac7959132e8b4dd0/html5/thumbnails/3.jpg)
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Our Panelists
Jessica Miller-Merrell Rebecca Perot-Tripp
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The Importance of Metrics
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HR as a Business Partner
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HR as a Business Partner
• Contributes to business performance• Promotes delivery of business
benefits• Maximizes employee engagement• Improves people management
activities• Supports legal & regulatory
complianceSource: HR – The Business Partner
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Poll Question
• How large is your organization?
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#1: Turnover
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Annualized Turnover
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Turnover
• Evaluated monthly • Measuring turnover by division,
team, department• Involuntary vs. Voluntary
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#2: Cost Per Hire
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Cost Per Hire
Read the full SHRM Benchmarking study at http://b4j.co/CPH-2012
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What is an Internal Cost?
• The more measure, the more accurate CPH actually is
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#3: Total Compensation
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Total Compensation
• Used to monitor labor costs
• Compares fixed vs. variable costs
• Metrics like benefit costs can be can be used as a comparison of total
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4: Training Hours Per Employee
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Training Hours Per Employee
• Further analysis of training hours by employee level or position compared to turnover
• Do employees believe they are receiving acceptable training & development
• How can we translate that into a business result?
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#5: Revenue Per Employee
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Revenue Per Employee
• Helpful in evaluating lost revenue based on position openings
• Useful for department or company• Used to compare top performers
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#6: HR to Employee Ratio
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Poll Question
• What is your HR to Employee ratio?
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#7: HR as an Expense Factor
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HR as an Expense Factor
• Helps establish baseline expense & organizational importance
• Human capital vs. HR
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The Secret to the Seat at the Table
• Focusing on business case• Providing reports & analysis to
business leaders• Creating pilots to test organizational
changes• Setting clear expectations• Building alliances with key
stakeholders
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Sponsored by Blogging4Jobs.com #HRsolutions
Get HRCI Recert Credits
• Visit http://b4j.com/hrciwebinars & register to get PHR, SPHR & GPHR
cert credits free.
![Page 26: 7 HR & Recruiting Metrics You Can't Live Without](https://reader033.vdocuments.us/reader033/viewer/2022061212/5495502bac7959132e8b4dd0/html5/thumbnails/26.jpg)
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Questions?
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Learn more about . . .
• Rebecca Perot-Tripp atwww.linkedin.com/in/rebeccaperottripp• Jessica Miller-Merrell at
www.blogging4jobs.com
Additional resources: SHRM Benchmarking study at http://b4j.co/CPH-2012