What’s the most underrated department in any company? The Human Resources Department is critical to maintaining the company culture and ensuring you secure top talent. To be successful, your HR staff tracks important HR metrics that help them communicate the effects of the trends they see. With these numbers, your HR employees can effectively brief you on company health and target key areas to focus on in HR initiatives. As you continue to maintain a healthy company, keep tabs on your most important metrics.
The Case for HR Metrics
Are you a business owner, employer, CEO or company leader by any other name? Excellent. Let’s take a trip into the plight of your HR team. For now, you’re an HR Director sitting across from the company CEO for your weekly business meeting. You tell the CEO you’ve got a leak and you’re loosing talent fast. It’s quickly going to become a problem, because it always does. The CEO asks ïHow big of a problem?ï You could mention declining productivity, empty office chairs a general sense of loneliness in the office, but that doesn’t answer the question of how big the problem is. Important HR metrics helps you communicate with your HR department. You HR Director is on the front lines and will intuitively pick up on trends, but without data, they can’t answer that basic question: how big is the problem?
Looking for Results Over Data
Important HR metrics give you results, not just data. For example, does your HR team know the average time it takes to hire a professional? Are you happy with the hires that have been made? If you aren’t, it’s irrelevant how long it takes to find the professional because you haven’t fulfilled your objective: adding an effective member to your team. Instead, you want to get the root of what matters. Consider these questions: – Where have you found your best talent? – What company departments have the highest turnover rates? – Who directly managed professionals who’ve left? These types of questions get to the root of any talent leak issues, while looking at how you’ve achieved your successes.
The Third Party Pulse Check
Are your employee surveys anonymous? They should be. Especially if your employees know their direct supervisors will read their surveys, they are significantly less likely to be honest and