HR_Fun:
What topics do you feel are important to include within a HR Dashboard aimed at top leadership; or if you would like to share a sample.
My initial thoughts are:
- Cost per Hire
- Human Capital ROI
- Revenue Factor (Revenue / Total # of FTE)
- Turnover Rate
- Vacancy Rate
- Salaries as a Percentage of Operating Expense
- Performance appraisal rating %
- % of EE on performance plans
Sorry I must have missed this. I don't look into the coffee corner as much as the other areas.
There are a couple other important on-boarding statistics. They typically shed more interesting data when they are broken up by department.
- Cost to train
- Cost to render adequate performance
Once hired, we have a time frame that, on average, it takes for someone to get their actual on-the-job performance up to par with expectations. The defecit in performance in that time frame is the cost of a new hire. You can also consider these to be part of the cost of turnover of a trained, experienced employee in the same role. This is particularly valuable in production roles where the cost of poor performance is more easily calculated.