{"id":22577,"date":"2021-01-21T11:25:02","date_gmt":"2021-01-21T11:25:02","guid":{"rendered":"https:\/\/www.experfy.com\/blog\/5-hr-metrics-transform-workforce-management-strategy\/"},"modified":"2023-09-05T13:46:28","modified_gmt":"2023-09-05T13:46:28","slug":"5-hr-metrics-transform-workforce-management-strategy","status":"publish","type":"post","link":"https:\/\/www.experfy.com\/blog\/future-of-work\/5-hr-metrics-transform-workforce-management-strategy\/","title":{"rendered":"5 HR Metrics Will Transform Your Workforce Management Strategy"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"22577\" class=\"elementor elementor-22577\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-579380d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"579380d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5aef36d\" data-id=\"5aef36d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b26315f elementor-widget elementor-widget-text-editor\" data-id=\"b26315f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Making decisions in the HR department is no easy job; whether you like to go with your gut, or have decided to shift towards the more precise way of decision-making, that is data-based decision-making. With the amount of data that\u2019s available on the internet, it\u2019s much easier to make decisions using a data-based format; not to mention, the decisions are more accurate as well. <\/p>\n\n<p>Even with all that, it\u2019s not easy to dig out useful information from the digital stratosphere. It\u2019s quite hard to track people\u2019s metrics, even with a data-based format. In this article, we\u2019ll list 5 HR Metrics that\u2019ll make workforce management a little easier for you; before that, here\u2019s a little on why tracking people\u2019s metrics is difficult. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-561cfc1 elementor-widget elementor-widget-heading\" data-id=\"561cfc1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">WHY IS IT DIFFICULT TO TRACK PEOPLE\u2019S METRICS? <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4734857 elementor-widget elementor-widget-text-editor\" data-id=\"4734857\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The answer to this question is pretty straight-forward. Managing people isn\u2019t as easy as managing products; they\u2019re nothing alike. Managing products is a lot easier while managing people is a difficult task. Employee satisfaction and productivity aren\u2019t easily quantified, and knowing what to measure is a task many companies struggle at. Now there are three reasons why companies don\u2019t succeed with <a href=\"https:\/\/cio-wiki.org\/wiki\/Human_Resources_Analytics_(HR_Analytics)\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"broken_link\">HR analytics<\/a>, and they are: <\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1dfbf8b elementor-widget elementor-widget-text-editor\" data-id=\"1dfbf8b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>They don\u2019t have an integrated data system; storing data in multiple places makes it harder to dig out the data together to <a href=\"https:\/\/surveyanyplace.com\/reportr-personalized-pdf-reports\/\" target=\"_blank\" rel=\"noreferrer noopener\">form a useful report<\/a>. For that, there exist many HR software platforms that allow you to store all your data in a single database, making it much easier to track your data. <\/li><li>The payment method doesn\u2019t matter here, platforms need a best-of-breed model to make great strides in data integration, allowing you to have immediate access to the key metrics required. Regardless of the model you choose in the end, just make sure that you have the functionality to access key data at ease.<\/li><li>Not enough data is gathered: Something that\u2019s important to note is that companies oftentimes don\u2019t gather the amount of data required, leading to no analysis in the future. This can make things a lot more difficult, especially if your HRIS is outdated and\/or you\u2019re operating with spreadsheets. So the best thing to do here is to update your workforce management software beforehand. <\/li><li>They have no idea about what they need to measure; something that most companies often lack, they\u2019re not aware of what\u2019s best to measure, leading to inaccurate decisions. That\u2019s what we\u2019ll be discussing now, 5 HR Metrics for your HR Management System. <\/li><\/ul>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6fc211e elementor-widget elementor-widget-heading\" data-id=\"6fc211e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">5 HR METRICS FOR BETTER WORKFORCE MANAGEMENT:<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e64ff34 elementor-widget elementor-widget-text-editor\" data-id=\"e64ff34\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The first part is to have a top-of-the-line HR software platform in place; once that\u2019s secure, you can move on to the next step: gather and track data to better the effectiveness of your workforce management strategy. Don\u2019t be hasty, take your time to put your key performance together; basing it on your business objectives, organizational goals, and the information necessary to the seniors of your company. <\/p>\n\n<p>Keep in mind that your goal is to track data that can prove useful in making better decisions for the individuals, and departments of the company. With that out of the way, here are 5 HR metrics that\u2019ll make things a lot easier for your workforce: <\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0fa89f0 elementor-widget elementor-widget-heading\" data-id=\"0fa89f0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Productivity:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f9c9086 elementor-widget elementor-widget-text-editor\" data-id=\"f9c9086\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\n<p>Before we move forward with this particular metric, you need to make sure that you\u2019re aware of what productivity means for your company. For some, it\u2019s the hours completed, for some it\u2019s the number of sales closed; you get the point. You\u2019ll need to monitor employee productivity with a keen eye and track performance on a gradual basis. <\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-faad173 elementor-widget elementor-widget-heading\" data-id=\"faad173\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Employee Satisfaction:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a20258e elementor-widget elementor-widget-text-editor\" data-id=\"a20258e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Something that\u2019s to be measure alongside productivity; employee satisfaction allows you to be aware of <a href=\"https:\/\/www.experfy.com\/blog\/bigdata-cloud\/employee-engagement-a-complete-guide\/\" target=\"_blank\" rel=\"noreferrer noopener\">how engaged your workforce<\/a> is. You can rate employee satisfaction with the use of performance reviews; however, there are tools available like performance assessments, teambuilding initiatives, and incentives to allow you to see which of your employees are satisfied with their occupations. Mobile alerts and email reminders can be useful tools to get feedback when it\u2019s required. <\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-113e030 elementor-widget elementor-widget-heading\" data-id=\"113e030\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Voluntary Turn-Over:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-29b5cd3 elementor-widget elementor-widget-text-editor\" data-id=\"29b5cd3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>You can track turnover rates that\u2019ll be helpful, but something that\u2019s even better is voluntary turnover, referring to people who leave your company by their own choice; allowing you to know whether your employees are satisfied with the roles they\u2019ve been designated with. Keep the numbers in check, but make sure you\u2019re considering exit survey conductions, allowing you to ask employees about their reason for quitting. <\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aa70963 elementor-widget elementor-widget-heading\" data-id=\"aa70963\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Training Efficiency:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-614aec6 elementor-widget elementor-widget-text-editor\" data-id=\"614aec6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Make sure your training program is at its utmost efficiency; measure your training expenses per employee, and form a checklist of training goals set for each of your employees. Productivity overtime must be monitored to be aware of the increase as more trainees reach their goals; compare that against your training costs to find out if your training program is working for your company. <\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-39a218e elementor-widget elementor-widget-heading\" data-id=\"39a218e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Retention Rate Per Manager:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eaf7595 elementor-widget elementor-widget-text-editor\" data-id=\"eaf7595\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Retention is something that every company keeps track of, but what\u2019s important is to be able to break down retention rates per manager\/department; make sure you\u2019re able to do that. This\u2019ll allow you to be aware of your company\u2019s weak points, and how to remove them in your organizational structure. This\u2019ll allow you to see if your managers are benefiting from additional management training. <\/p>\n\n<p>With that out of the way, that\u2019s just about it for this article. But before we end this topic, there\u2019s one thing you must be aware of. Regardless of the Metrics, you implement, the first step is to secure the best HR management software; make sure you have the tools needed to create a strong workforce management strategy. <\/p>\n\n<p>With that said, we hope you find this article useful!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>This article lists 5 HR Metrics that will make workforce management a little easier for you; before that, here is a little on why tracking people\u2019s metrics is difficult.<\/p>\n","protected":false},"author":1029,"featured_media":18495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[182],"tags":[1270,1271,1272,267],"ppma_author":[3750],"class_list":["post-22577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-future-of-work","tag-employee-satisfaction","tag-hr-metrics","tag-peoples-metrics","tag-productivity"],"authors":[{"term_id":3750,"user_id":1029,"is_guest":0,"slug":"marc-berman","display_name":"Marc Berman","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/0a6d3409173e24a2da7c97fccaa1ea01c6f64448435e73e176c583d1c7dc87fa?s=96&d=mm&r=g","user_url":"https:\/\/programminginsider.com\/","last_name":"Berman","first_name":"Marc","job_title":"","description":"Marc Berman is the founder and Editor-in-Chief for Programming Insider, the online destination for network, cable, digital and syndication. Berman has written for a wide range of publications, including Forbes, CBS Watch, Next TV, PromaxBDA, Newspro, Campaign US, The New York Daily News, The Hollywood Reporter, Variety, Emmy Magazine, and C21 International. He has also appeared on \u201cEntertainment Tonight,\u201d \u201cExtra,\u201d \u201cAccess Hollywood,\u201d \u201cInside Edition,\u201d \u201cThe CBS Evening News,\u201d E!, CNN, CNBC, Fox News and MSNBC."}],"_links":{"self":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/22577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/users\/1029"}],"replies":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/comments?post=22577"}],"version-history":[{"count":4,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/22577\/revisions"}],"predecessor-version":[{"id":32413,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/22577\/revisions\/32413"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/media\/18495"}],"wp:attachment":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/media?parent=22577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/categories?post=22577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/tags?post=22577"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/ppma_author?post=22577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}