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Tech-driven intelligence and data analytics is impacting the diaspora of the HR industry. These sophisticated HR metrics are being leveraged to best utilize the human capital.<br><br>https://www.lanteria.com/
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5 HR METRICS FOR INSIGHTS ON PERSONALIZED DEVELOPMENT Tech-driven intelligence and data analytics is impacting the diaspora of the HR industry. These sophisticated HR metrics are being leveraged to best utilize the human capital. Let’s explore the critical HR analytics that quantify human resource performance and help in strategic planning:
EMPLOYEE HEADCOUNT Headcount HR analytics takes historical data and assesses the total number of people working in an organization or in a specific department. It represents the total capacity of your workforce at any time, and helps in financial management and practical estimation of costs.
DEMOGRAPHIC DIVERSITY This data offers insights into diversity and inclusion efforts to gain a specific perspective on the structure of your workforce. Demographic filters provide fundamentals on the composition of your workforce, such as age, gender, education level, and length of service.
EMPLOYEE SATISFACTION This data shows the number of employees who would recommend the company for work culture versus the number of employees who wouldn’t. Employee Satisfaction helps uncover the issues the workforce deals with an informed, effective plan to address them.
WORKFORCE PERFORMANCE & POTENTIAL The nine-box matrix helps categorize employees based on current and potential performance. It drives insights into workforce possible levels for leadership succession, aiding in planning.
EMPLOYEE ENGAGEMENT This metric provides in-depth insights into how connected and involved employees are in an organization. Engaged employees have lower rates of burnout and voluntary turnover; The metrics tracked here include absenteeism, total turnover rate, retention rate, etc.
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