Training on Human Resource KPIs and Metrics
Effective human resources (HR) operations are crucial for organizations in today’s dynamic workplace. As a result, HR departments must be able to collect and monitor employee performance data, spot possible issues using KPIs for HR, and foster a positive work environment for all employees. It’s crucial to select the appropriate metrics for your organization and measure them consistently so that you can evaluate how your policies and activities affect the overall performance of the organization. KPIs align with the goals and vision of the organization. This training on human resource KPIs and metrics course is aimed to help participants understand the best practices for choosing the appropriate KPIs to monitor and improve the organizations’ performance.
Target Participants
Training on human resource KPIs and metrics course targets HR professionals and managers
Course Duration
Online 7 Days
Classroom-based 5 Days
What you will learn
By the end of this course the participants will be able to:
- Understand the importance, difference, and benefits of KPIs and metrics
- Understand the role of HR in measuring the effectiveness of KPIs for success
- Define and calculate KPIs for critical processes
- Identify business needs and improve productivity rate for the organization
- Design and calculate the employee satisfaction index and use it to measure employee morale.
- Control employee turnover and develop strategies to attract and retain competent candidates
- Assess the deviance from expected outcomes and implement timely course correction
Introduction to HR KPI and Metrics
- What is HR KPI and Metrics?
- Importance and benefits of HR KPI and Metrics
- Difference between HR KPI and Metrics
- Framework for KPI & Metrics
- Common Mistakes when Using KPIs
Steps to Designing KPI’s
- Identifying the key strategic objectives
- Defining success for each objective
- Deciding on how to measure the success
- Writing the KPI’s
- Identify the level of performance expected for each role in a particular department
Key Areas to Track and Monitor
- Sales and marketing KPI’s
- Financial KPI’s
- HR and change management KPI’s
- IT and customer service KPI’s
- Health and safety KPI’s
Organizational KPIs
- Organizational appeal and reputation
- Salary competitiveness
- Human value added
- Career growth
- Absenteeism rates and absenteeism cost
- Employee morale
Financial KPIs
- Return on human capital
- Labor cost
- Cost per hire
- Cost per trainee
- Opportunity cost
- Supervisory ratios
- Cost to supervise
- Compensation and benefits
Process KPIs
- Measuring efficiency of recruitment and selection
- Measuring effectiveness of hiring
- Using hurdles per hire (HPH) to reduce the use of 'wasta' in selection
- Using aggregate yield ratios and selection rates
- Measuring effectiveness of appraisal systems
Employee Turnover
- Voluntary versus involuntary turnover
- Turnover versus attrition
- Identifying turnover metrics
- Identifying turnover costs
- Analyzing and interpreting turnover data
- Healthy versus unhealthy turnover: When is turnover good for the organization?
Designing an HR Scorecard
- The Balanced Scorecard as a strategic tool
- Putting it all together
- Reporting HR to top management
