Key Performance Metrics to be Present on your HR Dashboard — Talismatic
An HR dashboard works as a visual display of every HR metric primary to a smooth functioning of companies where employees are concerned. The major function of a dashboard is to allow HR individuals a quick glimpse of all the metrics for an overview of what the company needs and which areas are performing well. Here are all the key metrics that are vital on your HR dashboard.
HR Overview
An HR board on your dashboard will help you keep track of the performance of your company on the HR front. Showcasing all of the data you need for an overview, you can bring about changes if needed to improve the HR activities and outcome.
Monthly Employee Data
This involves the number of employees you have on-board, the number of people leaving your company annually (both planned and unplanned or notified and attritions), the rate of attritions every year which is the people who have left your organisation in a year against the number of people still working within the organisation, the positions open for vacancies, the job profiles your company is actively looking to fill, the number of candidates hired per year, and the revenue earned by the company against the number of full time equivalent employees within the company.
Recruiting Data
This particular metric is, no doubt, vital when it comes to a strong recruitment platform. For every company, ensuring that the top talent is on-board serves as a priority. Certain metrics help identify how well your efforts to bring in top talent are working. Within this metric, a number of things should be taken into consideration such as the cost per hire, how many applicants apply for the open positions, and how much time it took for the open position to be filled.
Employee Satisfaction
Apart from recruiting, retaining employees is another important factor that works as a key performance indication. Taking measures to ensure employee satisfaction is one way to maintain a high retention rate. Some metrics that can help identify the employee satisfaction levels are key pointers from survey results, vital comments from exit interview surveys, your employees’ views about the company through employee comments, and the employee promoter score which shows whether your employees are likely to promote the employer or company by recommending them to others as a place of work.
Engagement and Communication
One of the most important tasks of a dashboard is to encourage communication and engagement within the employees. One way of doing this is by making a board that lists the achievements of employees, all the new employees that have joined the company, all the holidays and events that are around the corner, and the best talents within the company.
Employee Status
This is yet another metric that can give you a clue about areas that need more employees added to the team or places that need a revised hiring strategy in terms of skills or otherwise.
While all of these are just a few metrics that can be added, there are many more that you can add which are unique to your company and serve a purpose.
