#HRMetrics

[hiremerms]

Want to refine your recruitment strategies? Consider these top 6 HR metrics as key indicators for optimizing your recruitment process: 

1. Cost per Hire 

2. Time to Fill 

3. Quality of hire 

4. Employee Growth rate 

5. Employee Turnover Rate 

6. Diversity ratios 

Ready to make smart hiring decisions? 

Try out our HireME ATS and see the difference. Book your 15-day free trial now: https://www.hireme.cloud/contact-us 

[naviganttechnologies]

🔍 Unlocking Insights with Human Resource Analytics

Human Resource Analytics holds the key to unlocking valuable insights within your organization's HR department. At Navigant, we bring a wealth of HR domain expertise and a strong foundation in statistics to the table, enabling us to delve deep into your HR data and uncover insights that go beyond the surface.

Our HR Analytics practice follows a meticulous process, starting with understanding your organization's unique data points. We then review and cleanse the data to ensure accuracy and reliability. Next, we interpret the data and draw meaningful inferences, generating comprehensive trend analysis reports that shed light on key HR metrics.

Ready to harness the power of data-driven HR insights? Connect with us today and embark on a journey towards optimizing your HR processes and driving business success!

Book A Meeting: https://meetings.hubspot.com/sonal-arora Contact us ☎ +91 93547 39641 ✉ sonal.arora@navigant.in Web: www.navigant.in

[hrspot]

Top 5 #hr Metrics 👇

[hrpedia]

Are you prepared for the future of human resources? These top HR technology trends for 2024 will transform the way you manage your workforce

[zappyhireglobal]

Why and How to Track Recruitment Metrics

Recruiting the right talent has always been a strenuous task for companies irrespective of their size, brand, global presence, emoluments offered, etc. Most companies are adopting creative and value-driven recruitment strategies which are quite visible in most social media platforms. But are they really gauging the effectiveness of these efforts? This is something that we need to delve into further. Measuring recruitment effectiveness adds to the hassle since most companies are unsure on why and how to do the same.

If you can’t measure it, you can’t improve it

Create candidate experience:

This is a widely discussed topic nowadays since companies started realising the importance of the same. As per PWC reports, 49% of candidates turned down offers due to bad recruiting experience. Some of the reasons can be unclear communication, lack of timely response, etc. By understanding how to professionalize the recruitment process, companies can deliver an exceptional and ,engaging candidate experience.

Organizational reputation:

Most organizations use their brand name to attract top talent since there is an existing perception about assured job security, exceptional employee benefits, etc. A very few candidates would be willing to apply in companies they have never heard of. But the changing times have proved that even companies with a strong reputation of what they stand for, have started attracting the best talent. Tracking candidate perception about most notable factors like training opportunities, work life balance, culture, diversity and inclusion, etc. helps companies to develop strategies to reinforce the strengths and restore the weaknesses.

Optimize recruitment process:

Most candidates complain about the time taken for progressing into each recruitment step and the lack of an effective feedback mechanism. While analysing the timeline for recruitment of each role, we will be able to find out the exact reason for the same and bring in proper mechanisms to address the issue.

Channel recruitment efforts:

Companies come up with a variety of recruitment efforts which at times involve huge cost. But most of them are unsure on the impact it has created since the effort outcome is not tracked. Analysing the same can give a better idea on creating engaging ads, sources/top channels to attract quality candidates, target audience, candidate application pattern, etc.

Impact of changing times:

We are all going through a different phase of time since the outbreak of Covid, where complete virtual recruitment has become a new normal. How prepared companies were to tackle the situation in terms of technology, is still a question. This new normal is creating new trends across every function which is still an ongoing process. Companies need to foresee these trends and evolve to match the new expectations.

Diversity & Inclusion (D&I):

According to PWC reports, 62% of job seekers are more likely to apply for a job where a company is openly committed to improving diversity and inclusion in their workforce. D&I efforts need to be formulated and implemented based on the business goals which again needs to be tracked for better results.

Understanding the reasons for which we need to track the recruitment metrics is a stepping stone towards success in talent recruitment. There are a bountiful number of metrics which we can track to measure recruitment success. Let’s discuss a few of them which attributes directly to the cause we are working towards.

Recruitment metrics are of two types: Qualitative and Quantitative in nature. While qualitative metrics speak about tracking subjective information, quantitative metrics are more about representation using numbers.

Qualitative Metrics:

Source of hire: Companies need to track the source of each resume like whether the candidate applied through any job boards, referrals, social media platforms, etc. This data helps companies to identify where to focus their recruiting efforts like posting job ads, publishing engaging content, etc., to control recruiting costs and to implement the system effectively. Tips: Tracking each candidate source and analyzing the data is a strenuous task when done manually. So companies need to invest in a good recruitment automation platform which would automate the whole process, thereby delivering meaningful insights to the recruitment team.

Candidate Experience: Creating an exceptional candidate experience is one of the main focus areas for most companies in this present scenario. READ MORE........

[aarya3161]

35 Key HR Metrics with Examples, Formulas and Detailed Analytics

Human resources metrics are the KPI (key performance indicators) of HR. These are evaluated by HR professionals to assess the effectiveness of HR functions, operations, processes, and strategies.

Human resources metrics can help to compare the efficiency of HR operations to the expenses made. It gives an insight into the impact of the HR department in the organization, and the prevailing gaps in HR functions that may have adverse effects on the organizational well-being.

Read More: 35 Key HR Metrics with Examples, Formulas and Detailed Analytics

[exelahrsolutions]

This blog talks about the key performance indicators you must measure in 2023 to optimize your HR processes.

[exitpro]

This eBook clearly defines and categorizes the spectrum of #HRmetrics. Use this compilation to move quickly toward your #HR metrics solution and establish #talent analytics benchmarks.

Download this sample HR Metrics and formulas to start tracking today https://store.exitpro.com/product/talent-analytics-people-worth/

[davidtimes]

Chart Сenter | Lanteria HR Tutorials

Chart Center is a comprehensive collection of Lanteria HR tutorials that focuses specifically on utilizing the charting capabilities within the HR software. These tutorials provide step-by-step instructions and tips for creating and customizing charts, graphs, and visualizations to analyze HR data effectively. With Chart Center, HR professionals can gain valuable insights, track key metrics, and present data in a visually engaging manner. Enhance your data-driven decision-making and reporting capabilities with Lanteria HR tutorials from Chart Center.

#ChartCenter #LanteriaHR #DataVisualization #HRAnalytics #HRReporting #HRDataAnalysis #ChartsAndGraphs #DataDrivenDecisions #HRMetrics #DataVisualizationTools #LanteriaTutorials

[humanengineers]

HR Metrics Source | YouTube | WeSchoolVideos   https://humanengineers.com/wp-content/uploads/2020/03/HR-V3-11.jpg https://humanengineers.com/hr-metrics/?feed_id=2362&_unique_id=6072b354c27df https://humanengineers.com/hr-metrics/?feed_id=2362&_unique_id=6072b354c27df

[whiteswankol]

Important HR Metrics an Organization Should Always Measure

·         Average Rank of Various HR Functions

·         Overall Workforce Productivity

·         Percentage of Employee Engagement

·         Manager Satisfaction with New Hires

·         Turnover Within The First Year of Employment

·         Cost of Employee Turnover in Key Roles

·         Actual Cost Compared to Revenue

Learn More

[hrpedia]

https://www.articlebowl.com/top-9-key-metrics-to-manage-talent-managemnet-metrics/

Check out these Top 9 Key Metrics to Manage Talent. From retention rates to employee engagement scores, these metrics can help you optimize your company's performance & create a thriving workplace culture

[all4hrbusinesssolutions]

Happy 2020 New Year!!!  Can’t Wait to See What 2020 Has In Store for All-4-HR & Business Solutions LLC and YOU!!! 

[humanengineers]

HR Metrics Source | YouTube | WeSchoolVideos   https://human-engineers.com/wp-content/uploads/2020/03/HR-V3-11.jpg https://human-engineers.com/hr-metrics/?feed_id=7783&_unique_id=60bcaad31bb39 https://human-engineers.com/hr-metrics/?feed_id=7783&_unique_id=60bcaad31bb39