16 HR KPIs That Make a Difference for Your Balanced Scorecard
HR KPIs is a must-have measure tool. As long as employees are the most valuable resource of the company, management should invest extra efforts in providing efficient human resource management.
For this product we did some research and found many excellent KPIs. We started with a list of the 40 best KPIs for HR. Then we sorted out KPIs that were too specific and repeated each other, so the list was getting smaller.
The next step was to find out what KPIs are actually useful, e.g. what KPIs have something to do with real results. It appeared that more than half were just playing with data with no sign of driving any change to a business.
Why do business professionals choose ready-to-use KPIs?
Read Why do business professionals choose ready-to-use KPIs? to find out the answers to these questions:
- Can a business professional research KPIs on his own?
- How do I avoid typical problems with KPIs?
- Is ready-to-use KPI applicable in my niche?
- Is KPIs' price affordable?
- Can KPIs can be easily integrated in any business environment?
- How can KPIs make the difference to the business?
How to align these KPIs with a strategy of our organization?
Ideally, you need to have a strategy (in a form of a strategy map) before you start thinking about the ways to measure its execution (KPIs).
Don't have a strategy map yet? Use free Strategy Map Wizard to create a strategy map for your current business challenges. The wizard will:
- Ask you several questions to organize your ideas
- Process your answers privately
- Build a professional strategy map for you
The whole process takes on average 6 minutes. Give it a try right now - it's free.
What are the benefits of HR metric:
- Evaluation of HR metrics will optimize performance of HR department as well as improve organization climate in a company.
- Cost per hire and time to hire seem to be the major KPIs for HR.
- Evaluation of the HR Balanced Scorecard will help HR managers align their strategies with company mission and values.
Get these KPIs
More ideas on using HR KPI
The results of this research was packed in this "HR KPIs" product and includes 16 high-quality KPIs for Human Resource.
A list of high-quality 16 KPIs for HR is already a good business tool, but we decided to move forward.
In the beginning we sorted all these 16 KPIs into 4 categories:
- Employee turnover
- Training and Development
Then to each of the KPIs a description was added that explains how the value of the KPI is supposed to be measured by HR department.
Finally, we placed all the KPIs in an MS Excel file so that you can easily add these KPIs to your business system.
This product is a great investment for any HR department and will save hours of research.
More useful information for HR Measurement
HR Balanced Scorecard Screenshots
Metrics for HR Measurement
This is the actual scorecard with HR Metrics and performance indicators.
The performance indicators include: "Cost per Hire", "Turnover Cost", "Turnover Rate", "Time to fill", "Length of employment".
Download or purchase HR Balanced Scorecard
Download a trial version of HR Balanced Scorecard or purchase a full version online.