Here are some examples of specific metrics that can be measured by HR:
- Time to hire – The number of days that it takes to post jobs and finalize the hiring of candidates. This metric is monitored over time and is compared to the desired organizational rate.
- Recruitment cost to hire – The total cost involved with recruiting and hiring candidates. This metric is monitored over time to track the typical costs involved with recruiting specific types of candidates.
- Turnover – The rate at which employees quit their jobs after a given year of employment within the organization. This metric is monitored over time and is compared to the organization’s acceptable rate or goal.
- Absenteeism – The number of days and frequency that employees are away from their jobs. This metric is monitored over time and is compared to the organization’s acceptable rate or goal.
- Engagement rating – The measurement of employee productivity and employee satisfaction to gauge the level of engagement employees have in their job. This can be measured through surveys, performance assessments or productivity measures.