The document discusses key HR metrics that are important for businesses to track, including turnover, cost per hire, total compensation, training hours per employee, revenue per employee, HR to employee ratio, and HR as an expense factor. It provides information on calculating and analyzing these metrics and how they can help HR function as an effective business partner. The webinar was sponsored by Blogging4Jobs.com and covered HR solutions and strategies.
4. The Importance of Metrics
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5. HR as a Business Partner
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6. HR as a Business Partner
Contributes to business performance
Promotes delivery of business benefits
Maximizes employee engagement
Improves people management
activities
• Supports legal & regulatory
compliance
•
•
•
•
Source: HR – The Business Partner
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7. Poll Question
• How large is your organization?
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10. Turnover
• Evaluated monthly
• Measuring turnover by division, team,
department
• Involuntary vs. Voluntary
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11. #2: Cost Per Hire
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12. Cost Per Hire
Read the full SHRM Benchmarking study at
http://b4j.co/CPH-2012
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13. What is an Internal Cost?
• The more measure, the more accurate
CPH actually is
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15. Total Compensation
• Used to monitor
labor costs
• Compares fixed
vs. variable costs
• Metrics like benefit
costs can be can
be used as a
comparison of
total
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16. 4: Training Hours Per Employee
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17. Training Hours Per Employee
• Further analysis of training hours by
employee level or position compared
to turnover
• Do employees believe they are
receiving acceptable training &
development
• How can we translate that into a
business result?
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18. #5: Revenue Per Employee
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19. Revenue Per Employee
• Helpful in evaluating lost revenue
based on position openings
• Useful for department or company
• Used to compare top performers
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20. #6: HR to Employee Ratio
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21. Poll Question
• What is your HR to Employee ratio?
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22. #7: HR as an Expense Factor
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23. HR as an Expense Factor
• Helps establish baseline expense &
organizational importance
• Human capital vs. HR
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24. The Secret to the Seat at the
Table
• Focusing on business case
• Providing reports & analysis to business
leaders
• Creating pilots to test organizational
changes
• Setting clear expectations
• Building alliances with key stakeholders
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25. Get HRCI Recert Credits
• Visit http://b4j.com/hrciwebinars
& register to get PHR, SPHR & GPHR cert
credits free.
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27. Learn more about . . .
• Rebecca Perot-Tripp at
www.linkedin.com/in/rebeccaperottripp
• Jessica Miller-Merrell at
www.blogging4jobs.com
Additional resources: SHRM Benchmarking study at
http://b4j.co/CPH-2012
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Hinweis der Redaktion
Smaller organizations of fewer than 1,000 employees report an CPH of $3,079 and larger organizations with more than 1,000 reported a CPH of $4,285. Time to fill is another popular metric used in conjunction with this one. Large organizations take 43 days to fill a position compared to 29 days for smaller organizations.
Total compensation is a percentage of revenue is used to monitor total labor costs.
Technical vs. soft skills training. . .
Looking at base on period of time in position in short term and long term depending on position.