From the course: Human Resources: Using Metrics to Drive HR Strategy
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Benefits of HR metrics
From the course: Human Resources: Using Metrics to Drive HR Strategy
Benefits of HR metrics
- Do you know what your best and most effective mechanism for recruiting is? Do you know if your onboarding program reduces turnover? If you're jumping into using metrics, you will soon know the answer to these and many other questions. With the work lifespan getting shorter, it will become increasingly important to predict and forecast to stay ahead of the competition. Let's look at some other benefits through the lens of an employee lifecycle. In the hiring process, one benefit of data is your ability to understand what's working and what's not. Then you can improve your recruiting efforts. You can hire with better accuracy and lower costs, and you'll find higher quality candidates. You can predict retention problems, determine which candidate will be the most successful in the job, and increase diversity in areas where it's lacking. Metrics are certainly useful in the next lifecycle stage: onboarding. Onboarding is already happening during your recruiting process but kicks up once…
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