What key metrics/KPIs do folks report to demonstrate the impact of HR strategies? Which are most successful?
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VP HR - EMEA in Manufacturing2 years ago
Turnover, gender balance, % of newcomers in key positions, % of promotions to key positions, % active recruitments, and try to slice and dice as much as you can based on your master data
To demonstrate the impact of HR strategies, professionals track various key metrics and KPIs. Some of the most important ones include employee turnover rates, time-to-fill job openings, training hours, level of attrition, absenteeism, engagement, internal interest in open roles, workforce and budget planning, recruitment and onboarding effectiveness, performance management, and people data analytics. These metrics help HR professionals gain insights into how their strategies impact the organisation’s overall performance and demonstrate HR's contribution to the bottom line.
In summary, the most successful key metrics and KPIs for demonstrating the impact of HR strategies include those related to employee turnover, recruitment effectiveness, workforce planning, and employee engagement. These metrics help HR professionals showcase their contribution to the organisations bottom line and overall success.
I have my own template for board report.