The Fundamentals of HR Metrics

Companies, regardless of their sizes and structures, always aim to take and hire new employees the best way they can. However, not all companies are capable of handling their workforce to ensure that every facet of their operations would be done smoothly. There is always that negative aspect that holds the company back into its original shape, thus hindering it from growing and developing successfully. Often, this aspect is the human element in the company. But then again, how can any company exist without the human element? As fallible as this aspect may be, it is still an indispensable part of any company, big or small.

The human element is composed obviously of the employees in a certain company. They become a problem when the company itself failed to distinguish who among them is productive and who is not. So, if you are running a business and you want to protect all that you have invested, then maintaining a strong workforce is the most important goal you should meet. You can only do this by creating and maintaining HR metrics.

HR metrics are, at its most basic, a set of helpful guidelines that are measurable enough to help a company grow with a strong workforce. This set of guidelines works to assess employees without the hassle of going through in-depth interviews and background checks. With HR metrics, the company will know firsthand if the employee they’re considering is worth the investment or not. The ones who contributed much for the company’s success will of course be retained, while those who are not that productive at their respective positions will be eliminated.

Establishing HR metrics can be done in few simple steps. To start with, the Human Resource department must make sure that all necessary information about their new hires is obtained. In-depth and thorough background checks are an absolute necessity here. Nevertheless, when gathering background information about the prospective employees, don’t take the questionable ones. Now, there would be times when the HR department is given a minimum number of newhires to process. Should this be the case, and you are considering taking in the questionable ones just to make that quota, then you best drop this prospect right then and there. Do not settle for less, because it would still be your company what would suffer the consequences in the end. So, upon gathering information on your prospects, note all possibilities of how you can strengthen your workforce. The good thing about this step is that you don’t need to spend much money just to make the procedure right.

Limit the information you wish to take. The reason behind this is that large bulk of information is difficult is maintain, although you’re using an HR metric. To make it right, consider at least ten metrics available. Proceed by evaluating and checking your HR metrics in a regular manner to make sure that updates and other necessary adjustments are made.

The HR metrics should be built carefully to realize your company’s needs and expectations. Take into consideration all the important elements of your workforce, including the employee dedication, retention, recruitment, productivity, as well as business and consumer’s satisfaction. Considering all these will help you determine who is valuable and not.