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According to statistics, one-third of managers want to track reports from their talent management teams, and 82% of them believe that workforce metrics are extremely useful in decision-making that benefit both the organization and its people. Companies enhance their structures, functions, and processes by collecting and analyzing data on employees to meet expectations.
Notably, all this is possible by using human resource metrics in the company?
For the uninitiated, human resource metrics or HR metrics comprise data on the staff members that help organizations keep tabs on the essential components such as labor force, turnover, cost-per-hire, participation rate, and overall initiatives for human capital management.
These metrics are divided into three parts, each of them consisting their own set of HR data analysis benchmarks:
Company performance
- Turnover percentages
- Percentage of regretted loss
- Reasons for personnel leaving
- Recruitment statistics
HR operations
- HR efficiency
- Workforce effectiveness
Process improvement
- Enhancement in personnel management efficiency over time to re-engineer the nature of HR in the organization
Measuring talent metrics is critical if your tracking system is not organized. Therefore, it becomes vital to use well-designed and flexible templates to help you gather data on the employees to focus on the company's gaps, methodologies, and its future. Both executives and HR professionals can monitor the performance of the workforce and analyze their impact on the organization.
Templates to Leverage Human Resource Metrics
The amount of data that HR professionals require to track human capital is massive. They need to dive deeper into the key figures such as headcount, retention rate, absence rate, employee performance, goal tracking, and more to develop a report that gives clear insight into how a company can scale up its business.
Therefore, we bring you ready-made human resource metrics templates to help you assess the data and draw valuable conclusions from it. These slides will let you make actionable reports to put your workforce initiatives in place and make informed decisions.
Template 1
Keep tabs on the total number of employees in each department of the company and manage the retention rate using this professionally designed template. You can measure the new hire turnover rate and absence metrics with the help of this informative template that gives data-driven results. You can also review the performance of the workforce and allocate training hours to improve the organization's effectiveness by incorporating the ready-made slides in this PPT design.
Template 2
Use this state-of-the-art presentation template to attract and retain talent. Understand why employees are quitting or remaining absent with these ready-made slides. Incorporate these visually appealing templates to generate data on revenue per employee. You can use these HR metrics templates to create a staff engagement model to keep the labor force motivated.
Template 3
Track the productivity rate of the old and new employees with these ready-made templates. Create bonus and salary structures to avoid miscalculations by incorporating these human capital metrics slides. You can outline benefits and compensation for employees to boost their morale using these templates.
Template 4
Lay the groundwork of managing and analyzing the workforce with this customizable template. Categorize the HR metrics into parts to make the assessment effective for the organization. Set goals for the employees, collect data, review the performance, and strategize to improve the company's overall health. You can use this template to outline a plan to create the labor force management metrics.
Template 5
Analyze the data on the number of new employees hired over the years in the company to create ways to attract top talent using this professionally designed template. You can include all the vital components of recruitment in this slide to manage the workforce. Use this editable template to track and address the issues of the staff members of your organization.
Template 6
Use this data-driven template to focus on the demographics of the employees in the company. You can jot down the characteristics of the workforce in the slide to keep track of your old and new employees. This template will help you segregate the staff members based on their age, location, gender, education, length of their service, and more. It is a customizable template to help you use it as per your needs.
Template 7
Create a well-designed recruitment report with this PPT design and to show it to the executives to analyze the company's progress on new human capital. This template displays the need for new employees, recruited workforce, application status, open positions, and more. It will help HR professionals and managers track the requirement of new talent from time to time.
Template 8
This template contains all the legit elements of recruitment that HR managers need to focus on to improve the organization's efficacy. With this preset, you can keep all necessary building blocks of employment in one place and save yourself time. Incorporate this slide to measure the total headcount, turnover rate, acceptance rate, cost per hire, and more.
Template 9
Incorporate the collected data on human capital in this customizable template to drive the results that affect HR operations. You can also assess the employment status, salary, benefits, and more with this actionable slide. Level up the efficiency of the organization by managing the employees and their expectations. You can use this ready-made template to collect the statistics of recruitment.
Template 10
Use this HR metric template to measure the tracking development cost on the employees. Make more innovative investments in personnel to improve their skills and knowledge. You can analyze the training expenditure per employee to enhance their learning experience with this dashboard slide. Incorporate this customizable template to set the budget for recruitment costs per month.
Conclusion
Measuring HR metrics reveals how well your organizational efforts are working to intensify the company's growth. These parameters highlight the areas in which your organization is succeeding or requiring some improvement. The workforce data helps managers navigate the path to reach the organizational goals.
These professionally designed human resource metrics templates are suitable to help you create compelling reports on the labor force and other essential factors that dominate the HR department. SlideTeam's handy slides will help you track down the requirements of the employees within a company, their performance level, retention rate, and more to stimulate the top-notch HR processes.
P.S: To devise an exceptional recruitment strategy to hire the best talent for your organization, use our actionable PowerPoint templates featured in this blog.
