Top KPIs for HRM Department
1.Turnover Rate: The rate at which employees leave the company, indicating the overall health of the organization and effectiveness of retention strategies.
2.Employee Satisfaction Index: Measures how satisfied employees are with their jobs, indicating morale, engagement, and potential productivity.
3.Time to Fill: The average time it takes to fill a vacant position, indicating the efficiency of the recruitment process.
4.Cost Per Hire: The average cost associated with hiring a new employee, including advertising, interviewing, and onboarding costs, reflecting recruitment efficiency.
5.Training Return on Investment (ROI): Measures the effectiveness of employee training programs in terms of performance improvement and productivity gains.
6.Employee Performance Index: An aggregate measure of employee performance across various dimensions, indicating overall workforce productivity.
7.Diversity and Inclusion (D&I) Rate: Measures the diversity of the workforce and the inclusiveness of the workplace environment, indicating social responsibility and cultural effectiveness.
8.Absenteeism Rate: The rate at which employees are absent from work, indicating employee engagement and potential operational issues.
9.Employee Net Promoter Score (eNPS): Measures how likely employees are to recommend the company as a place to work, indicating employee loyalty and satisfaction.
10.Leadership Effectiveness Index: Assesses the effectiveness of leaders within the organization, based on performance and feedback, indicating leadership quality and impact.