13 HR Metrics You Need to Know

HR metrics can be very valuable for strategic decision-making. 💪 In this new episode of Learning Bites, we’ll discuss the 13 HR metrics you need to know. 🎯Because while data-driven people decisions benefit everyone, you don’t want to waste time gathering data that won’t be useful to you. We have divided this collection of metrics into four categories: 👉 Revenue metrics to help you manage your costs 👉 Recruitment metrics to help you find and hire the talent you need 👉 Retention metrics to keep your valuable employees on board 👉 L&D metrics to ensure that your upskilling initiatives are effective Here are some metrics that we’ll discuss: 💰 Revenue per employees 📉 Voluntary turnover rate 💡 Training effectiveness index 0:00 Intro 0:53 - 1. Revenue per employee 1:06 - 2. Performance & potential 1:26 - 3. Engagement rating 1:42 - 4. Time to hire 1:56 - 5. Cost per hire 2:07 - 6. Early turnover 2:33 - 7. Employee happiness 2:44 - 8. Voluntary turnover rate 3:05 - 9. Talent turnover rate 3:24 - 10. Retention rate per manager 3:56 - 11. Training expenses per employee 4:13 - 12. Training effectiveness index 4:34 - 13. Training efficiency 4:47 - Outro Watch the full episode to discover how you can use these metrics to drive fact-based decision-making in HR! 📈 Take a look at our in-depth article for more information 💻 Download our 51 HR Metrics Cheat Sheet here 👉 🎓 Upskill yourself and future-proof your HR career with our courses and certificate programs 🎓 Master powerful dashboarding skills with our HR Metrics & Dashboarding Certificate Program 🎓 More interested in other areas of HR? Succeed as an HR department of one 🏆 Become a truly strategic partner to the business 💼 Help your organization thrive, now and in the future 🏢 Can’t decide? Access all our courses and certificate programs with our Full Academy License 🎓 👋👋 P.S. Follow us on LinkedIn for the latest HR developments! #AIHR #LearningBites #HRMetrics