Human Resources is a critical function that shapes the culture and effectiveness of your organization. By diligently tracking HR KPIs, you can ensure optimal workforce management, enhance employee satisfaction, and drive organizational success. TargetBoard streamlines the process of setting, monitoring, and reporting HR metrics, helping your team achieve excellence in human resource management.
Boost Employee Engagement
Focus on Employee Satisfaction Score, Engagement Level, and Turnover Rate. Enhancing employee engagement is key to reducing turnover and increasing productivity across the organization.
Enhance Talent Acquisition
Monitor Time to Fill, Quality of Hire, and Cost per Hire. Efficient hiring processes save time and resources, ensuring that top talent is brought on board swiftly and effectively.
Optimize Training & Development
Track Training Satisfaction Rate, Employee Skill Growth, and Program Effectiveness. Continuous learning opportunities are crucial for employee development and maintaining a competitive edge.
Improve Employee Retention
Observe Employee Retention Rate, Time in Position, and Promotion Rate. Retaining top talent is essential for stability and cultivating a knowledgeable workforce.
Reduce HR Costs
Evaluate Cost per Employee, Administrative Cost per Employee, and Return on Investment (ROI) of HR Programs. Minimizing costs while maximizing output is vital for sustaining business growth and profitability.
Finance
Collaboration is vital for budget management and compensation planning. Aligning with finance ensures that HR strategies are financially sustainable.
Operations
Integration with operational goals helps HR to ensure that staffing and productivity targets are met, aligning workforce capabilities with business needs.
Legal
Regular coordination with the legal department is essential to ensure compliance with employment laws and regulations, thereby protecting the organization against legal challenges.
Employee Turnover Rate
Measures the rate at which employees leave the organization, crucial for understanding retention trends.
Absenteeism Rate
Gauges the average rate of unscheduled absences, reflecting employee engagement and operational stability.
Time to Promote
Tracks the average time employees take to achieve promotions, indicating career progression opportunities and talent management effectiveness.
Diversity and Inclusion Index
Assesses the diversity of the workforce, crucial for fostering an inclusive workplace culture.
Employee Productivity Rate
Measures the output per employee, helping gauge the efficiency of the workforce.
Employee Net Promoter Score
Evaluates how likely employees are to recommend the organization as a place to work, reflecting overall employee satisfaction.
Cost of Employee Turnover
Quantifies the financial impact of replacing employees, including recruitment, training, and lost productivity.
Training Costs per Employee
Tracks the investment in employee development, key for evaluating the effectiveness of training programs.
HR Operational Efficiency
Measures the efficiency of HR processes and systems, essential for streamlining operations and reducing costs.
Employee Wellness Index
Gauges the overall well-being of employees, important for maintaining a healthy and productive workplace.