Essential HR KPIs for Workforce Strategy Insights PPT

This PPT slide, part of the 168-slide KPI Compilation: 800+ Human Resource & Talent Management KPIs PowerPoint presentation, presents a set of key performance indicators (KPIs) focused on HR analytics and data management. It outlines various metrics that assess the effectiveness of HR data systems in providing insights into workforce management and strategy development. Each KPI is accompanied by a description, potential insights, measurement methods, and formulas for calculation.

The first KPI, "360-Degree Feedback Completion Rate," measures the percentage of completed feedback assessments. This metric reflects the organization's commitment to comprehensive performance evaluations and helps identify obstacles in completion rates. The formula provided allows for straightforward calculation based on the number of completed surveys relative to the total required.

Next, the "Absenteeism Rate" indicates the percentage of working days lost due to employee absence, which can impact productivity. Understanding this rate is crucial for managing workplace reliability and addressing potential issues related to job satisfaction.

The "Attrition Rate" tracks the percentage of employees leaving the organization, offering insights into organizational stability and workforce satisfaction. This metric aids in planning for replacements and hiring strategies.

The "Career Path Ratio" assesses the number of defined career paths against employee roles, revealing the effectiveness of career development programs. The "Compensation Competitiveness Ratio" compares the organization’s compensation packages to market averages, indicating whether strategies are sufficient to attract and retain talent.

Lastly, the "Cost per Hire" metric evaluates the total recruitment costs divided by the number of hires, providing a clear view of the efficiency and cost-effectiveness of the hiring process. Collectively, these KPIs serve as essential tools for organizations aiming to enhance their HR strategies and workforce management practices.

This slide is part of the KPI Compilation: 800+ Human Resource & Talent Management KPIs PowerPoint presentation.

This collection of HR KPIs is compiled by former McKinsey, BCG, Deloitte, EY, and Capgemini consultants based on best practices in Human Resource Management & Talent Management.

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Human Resources Performance Management KPI Employee Management Strategy Development Talent Management Workforce Management Key Performance Indicators Data Management Hiring Analytics Recruitment Feedback

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