Must-Know Metrics for Hiring Managers
With an MS in human resources from New York University and extensive executive experience in human resources, J. Melissa Cooper serves as managing partner at HirePerfect, an executive recruiting firm. On the HirePerfect website, J. Melissa Cooper blogs on human resources and hiring. Her recent posts include “The Top 10 Metrics Every HR Leader Must Know.” In the workplace, employee turnover can be costly to a company in terms of replacement, and for those who remain, disengagement from their work can result in lost productivity. In order to avoid these problems and to ensure that they are making good hiring decisions, human resource managers need to assess how well their retention efforts are working. To do so, Ms. Cooper suggests using the following 10 metrics: 1. Employee tenure 2. Sales by tenure 3. Percentage of a given demographic in management 4. Absentee rate 5. Monthly turnover 6. Overtime per contributor 7. Benefit cost per employee 8. Benefit utilization rate 9. Recruiting source cost per hire 10. Recruiting source yield To read the original article, as well as other posts, visit HirePerfect.com.                           Â










