HR Metrics

HR metrics have become something of a hot topic, with more and more organisations keen to understand what their HR data is telling them and using this to enable them to make better-informed decisions within the organisation.  However fundamental to these analytics is that they will only ever be as good as the data that you put in.  Therefore in order to get anything worthwhile out, you must make sure your databases are accurate.

The benefits of collecting HR data is that you have some hard evidence on key metrics such as absence rates, attrition rates and recruitment costs, to name a few. What's also really important is that you must have clear objectives and outcomes for collating these statistics and be able to interpret them within the context of your business. Each business may choose to measure something slightly different, depending on what they are looking to learn. People data can provide a real strategic insight, and once you have measured these metrics you can then start to be more proactive, such as with more effective resource planning, improving employee engagement or retention, and saving costs.