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10 vital HR metrics to track for your business

Business Management Daily

Human resources analytics, a relatively new discipline, is growing at an extraordinary rate and is quickly becoming an essential competency for HR professionals, according to Dr. Michele Rigolizzo, an assistant professor at the Feliciano School of Business at Montclair State University. Which hiring metrics are most important to track?

COMPAS 59
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A Guide to Compensation Analysis

Analytics in HR

Salary benchmark This is usually an annual survey that is completed, which includes pay structures and salary information. If you need a snapshot to understand the cost per employee, you may conduct a “Headcount analysis” to provide an accurate picture of staffing levels and compensation per employee.

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4 steps to Building a Business Case for D&I

Visier

Although it can be overwhelming to start it is needed to succeed and people analytics can help—a lot! Your organization is already sitting on a wealth of data, and people analytics can turn that data into actionable insights. Improving results, hiring faster, and saving money? Decide what to measure.

COMPAS 223
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A Comprehensive Guide to the Compa Ratio

Analytics in HR

In its original use, compa ratio (or comp ratio, or compensation ratio) is a simple formula designed to compare an individual’s actual salary to the midpoint of a defined salary range. For example, you could use group compa ratio and other data to compare salaries in job groups to other organizations to evaluate external competitiveness.

COMPAS 111
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LaRocque: Why HR needs a strategy for evaluating tech startups, scaleups

HRExecutive

Sapient Insights reported in its latest HR Systems Survey that 2021 was up 57% over last year on the spending front. Survey: Help us find out What’s Keeping HR Up at Night? There has been a remarkable surge in both global spending and funding for HR technology in 2021. Global funding is even more jaw-dropping.

COMPAS 106
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The 100 HR Indicators Every Manager Needs to Know

EmployeeConnect

Recruitment #5. 4 – Recruitment Indicators Average cost per hire: measures the average amount spent to recruit a new employee. Average number of days to hire: the average amount of time required (number of calendar days) to fill an open vacancy. It is based on employee satisfaction survey.

COMPAS 100
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The New Workforce Gender Equity Factors HR Needs to Watch

Visier

In 2015, 90% of new CEOs in the S&P 500 were promoted or hired from line roles — and 100% of these executives were men. Start with simple metrics like “female ratio” (looking at the percent of total headcount that are female) by department, role, and/or location, and in your hiring pipelines. The Problem with Gender Bias.

COMPAS 152