This PPT slide, part of the 168-slide KPI Compilation: 800+ Human Resource & Talent Management KPIs PowerPoint presentation, presents key performance indicators (KPIs) related to Human Resources, specifically focusing on compensation and benefits. It outlines several metrics that organizations can use to evaluate their effectiveness in managing talent and compensation structures.
The first KPI, "Turnover Rate Among High Performers," measures the percentage of top employees leaving the organization over a specified period. A high turnover rate in this group signals potential issues with the company's compensation and benefits offerings, suggesting they may not be competitive enough to retain top talent.
Next, the "Variable Pay to Salary Ratio" assesses the proportion of an employee's total compensation that is variable. This metric reflects the organization's pay-for-performance culture, impacting both motivation and financial planning. A balanced ratio is crucial for aligning employee incentives with organizational goals.
"Wage Drift Measure" evaluates the extent to which actual wages exceed planned levels, highlighting discrepancies due to market shifts or internal pressures. This KPI is essential for understanding budget adherence and market competitiveness.
The "Wellness Program Participation Rate" indicates employee engagement with wellness initiatives. A higher participation rate suggests that wellness programs are relevant and attractive, potentially leading to improved productivity and reduced healthcare costs.
Overall, these KPIs provide valuable insights into the effectiveness of compensation strategies and employee engagement initiatives. Organizations can leverage this data to make informed decisions about their HR practices, ensuring they remain competitive in attracting and retaining talent.
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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